Put yourself into the digital economy in a Side Hustle providing a digital service the the YouTube creators can’t do for them selves. Now put $560,00 per year in a SEP/IRA, follow my investment strategies and the result will be a $28 Million Portfolio.
Welcome back tribe members! Today Im discussing “7 Side Hustles That Will Make You A Millionaire”. If you enjoy this video feel free to SUBSCRIBE! Make sure to follow me on social media for even more coverage of the stock market.
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About Me:
I am a retired financial planner, sold my business in 2005 and traveled the word. In December 2014 Nita and I lost our daughter Shannon to cancer to cancer and I became an angry old man. Nita told me to find something to do or find somewhere else to live.
In November 2019 I settled into this YouTube channel, a place where I can share my knowledge with people that want to hear my voice; where I can feel I have a purpose in life. I am no longer angry and I owe that to you.
Now I’m building a $25 million digital business, come join me on this adventure.
Thank you for what you, my viewers, give me every day.
RECOMMENDED BOOKS (Affiliate Links)
1. The Accidental Super Power by Peter Zeihan:
2. The Big Nine by Amy Webb:
3. Supercharge Your Real Estate Sales by Kerry:
4. Digital Transformation, Survive and Thrive in an Era of Mass Extinction by Thomas M Siebel:
5. DisUnited Nations, The Scramble for Power in an Ungoverned World by Peter Zeihan:
6. The Future is Faster Than You Think By Peter Diamandis and Steven Kotler
7. FIND HAPPINESS BY DISCOVERING Who YOU ARE AND Why YOU ARE YOU by Kerry Grinkmeyer
BestofUsInvestors MERCHANDISE:
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7 Side Hustles That Will Make You A Multi-Millionaire
In today’s fast-paced and highly competitive world, having multiple streams of income is not just a luxury but a necessity. Many successful entrepreneurs and investors have attributed their wealth to side hustles that they pursued alongside their main careers. If you’re looking to boost your income and potentially become a multi-millionaire, here are seven side hustles worth considering.
1. Real Estate Investing
Real estate has always been a lucrative investment avenue. With the right knowledge and strategy, buying and renting out properties or flipping houses can be an excellent side hustle. Start small by investing in residential properties and gradually scale up as you gain experience and financial stability.
2. Stock Trading
Stock trading requires knowledge, patience, and discipline. With the rise of online platforms, it has become easier than ever to start trading stocks. However, it’s essential to educate yourself about the stock market and develop a sound investment strategy. Starting with a modest amount of capital and gradually increasing your investments can lead to significant returns over time.
3. E-commerce Business
The advent of e-commerce has opened up endless opportunities for aspiring entrepreneurs. Launching an e-commerce business can be done with minimal costs compared to traditional brick-and-mortar stores. Whether you choose to sell physical products, digital goods, or offer consulting services, an e-commerce business has the potential to generate substantial profits.
4. Online Course Creation
If you possess specialized knowledge or skills in a particular field, consider creating and selling online courses. Platforms like Udemy, Teachable, and Coursera provide an avenue to reach a wide user base. By packaging your expertise into well-organized courses, you can generate passive income while helping others learn valuable skills.
5. Affiliate Marketing
Affiliate marketing involves promoting products or services and earning a commission for each sale made through your referral link. It’s a popular side hustle that can be done through blogging, social media, or YouTube channels. Building a strong online presence and engaging with a relevant audience will significantly increase your chances of success in this field.
6. Content Creation
Thanks to the rise of social media platforms like YouTube, Instagram, and TikTok, content creators can make a fortune through ad revenue, sponsorships, and brand collaborations. Whether you excel at creating videos, photography, writing, or designing, building a dedicated following and consistently producing high-quality content can turn your passion into a highly profitable side hustle.
7. App Development
If you have coding skills and a great idea for an app, developing and monetizing it can be incredibly rewarding. With the ever-increasing demand for mobile applications, there is a vast market waiting to be tapped. Whether you create a game, utility app, or a solution for a specific problem, the potential for success in app development is immense.
While these side hustles have the potential to make you a multi-millionaire, it’s important to approach them with dedication, perseverance, and a long-term mindset. Success doesn’t come overnight, and it requires consistent effort and continuous learning. Additionally, managing risks, diversifying your income sources, and saving and investing wisely are essential steps to build sustainable wealth.
In conclusion, diversifying your income through side hustles is a proven strategy to increase your earnings and potentially become a multi-millionaire. With the right choices, dedication, and persistence, these seven side hustles can pave the way towards financial independence and long-term wealth. So, why wait? Start exploring these opportunities and take charge of your financial future today.
Great video, i make huge profits on my investment since i started trading with Mrs Millian Kelvin, her trading strategies are top notch coupled with the little commission she charges on her trade..
Kerry, you need to read the SQQQ prospectus and read it carefully. You clearly don't understand how leveraged funds work.
So basically, get rich by dodging taxes. No wonder this country is headed to the toilet
This video Say's it all with the help of Mr Romero pieto and his good trading platform am on my way to making millions.
how does this affect in the UK? are we in the uk taxed?
Kerry, I can help you out editing your videos and also make original music for your channel!
KERRY WHAT DO YOU THINK OF NIO STOCK AND HYLLION STOCK. CAN YOU DO A VIDEO ON THEM. NIO RECENTLY BLEW UP. I SOLD AT 24.00 PER SHARE BECAUSE I MADE SOME PROFITS.
You are amazing Kerry. Thanks for helping us
Where did you get your microphone from?
I did a sep IRA for a few years and then learned about a solo 401k. For the past few years we have been putting $100k-$165k per year into our solo 401k!
Why 56,000? Is it possible to deposit less amount and get 15%? Can one withdraw in 5 years or less? If so, is there any penalties associated with this? Can you clarify this a little bit more please?
Great video. 🙂
Sorry for your loss but glad you created this channel
Where are the 7 hustles? Those are not side gigs; those are small jobs you need performed. you wasted my time .
This is the most important concept in all of investing. But people don’t get it. Those who do understand, are the ones who live in beach houses.
Assuming 15% return every year is flat out silly
Breath of fresh air, you are. So I'm moving in that direction. Started out developing myself by getting two master degrees (public administration n accounting). I work a full time job. My side gig is hospital related. But it's based on hourly payed employment. Next, I recently purchased a single family house as a rental. And, I get dividend income from four different investment accounts. Basically, I have four revenue streams. But I'm searching for another means of making money without having to punch the clock.
Hi Kerry than you. for yours video im new investor
Just found your channel and you are awesome……
Anyone that is popular already has a book Kerry sorry to say LOL. Congratulations on the success of the Channel no small thing
Thank you so much for sharing your knowledge.
I am new to your channel and your advice helped me picked better stocks.
About this video.
How do you invest the 56k in sep IRA with 15% return ?
Thank you again
I’m your Agent!
I don't think you're being realistic at all. There are too many curveballs that life throws you whether it be a loss of job, illness, divorce, etc. You say it's just that easy so I ask you how many people are worth $28 million in this country? A third of all mortgages weren't even paid in July because most people don't have two nickels to rub together.
Secondly, your numbers just don't add up. You keep mentioning that you're going to have a million subscribers by January. You're not even at 50K subscribers yet you think you're going to get to a million in 4 months??? You also mentioned that you're going to be receiving a check from YT for $200+K in January. Graham Stephan has over 2 million subscribers and averages around $85K a month. I suggest you recheck your estimates.
I dont understand what is a sep ira and how does it work ???? Compared to 401k ,stock, gold silver real estate etc , or cd ??? Thank you for this video so basically get a biz or big side hustle.
This is gold. I tried to search many videos but no one explained as clearly and comprehensively. Is there a way to move money from non ira or traditional ira to sep ira
You can only put 25% of that side gigs income into a sep….. so you will need about 225k a year coming in to put 57k in. Its the first thing it says on IRS.gov about sep iras
"The contributions you make to each employee’s SEP-IRA each year cannot exceed the lesser of:
25% of compensation, or
$57,000 for 2020 ($56,000 for 2019 and subject to annual cost-of-living adjustments for later years)."
34 government employees disliked your video
SEP IRA is NOT a roth, its a deferred account, right? And we do have to take a RMD starting at age 72, right? Thanks I love this channel! I would write that book!
Kerry thank you so much for sharing this information with everyone here! I feel energized and excited again to continue going after my dreams! You’ve broken it down into simple steps. Now I just need to start my gig so I can have my $56,000 a year
I just started a new channel! I will definitely put more time in to it!
I love how you declare 1 million followers