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Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines?

by Index Investing News
October 13, 2023
in Investing
Reading Time: 3 mins read
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What if one part-time side hustle could replace your entire income? Even better, what if you could keep your full-time job and spend a few hours a week making thousands extra a month, raking in cash, and reaching financial freedom faster? If you’re today’s guest, Ryan, then this is the situation you find yourself in. Don’t know which super lucrative side hustle we’re talking about? Stick around because you may have never thought of it before.

Ryan works full-time as a registered nurse in one of the most expensive areas of the country, Northern California. He’s made some ingenious money moves that allowed him to quadruple his income in just four years and live close to free every month in his own house. But, with a baby on the way, Ryan’s lucrative house hacking lifestyle may be coming to a close, and he’s debating what to do next. Should he pay off student loans, buy another home for his new family, stay in his current property, or expand his successful side hustle?

The good thing is that any of these moves could make Ryan richer, but he’ll be strapped for time with a sixty-hour-per-week working schedule and a newborn requiring constant attention. So, what’s the best money move to make for his future family? And should he go all-in on this wild side hustle that could make him even more than his job?

Click here to listen on Apple Podcasts.

Listen to the Podcast Here

Read the Transcript Here

Watch the Podcast Here

 

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In This Episode We Cover

  • Ryan’s unbelievably profitable side hustle that almost anyone can start NOW
  • House hacking 101 and how to live-mortgage free every month
  • When paying off debt DOESN’T make sense (and what you should do with the money instead)
  • Investing in real estate vs. your side hustle and why mortgage rates have changed the game
  • Buying businesses from retiring baby boomers and the HUGE opportunities out there
  • How Ryan quadrupled his salary in just four years (without burning out!)
  • And So Much More!

Links from the Show

Connect with Ryan

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Let us know!

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.



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Tags: debtEstateInvestmachinesorBuyPayRealVending
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