Thread: Side Hustle
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Old 05-19-2018 | 11:31 PM
  #117  
freezingflyboy
Gets Weekends Off
20 Years
Gets Weekends Off
 
Joined: Dec 2005
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From: 7ER B...whatever that means.
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Originally Posted by CoefficientX
On the flip side several I know have personally decided a one day green slip quickly off sets the side hustle with far less hastle. They have therefore given up the side hustle.

I agree with the points made about not having all your eggs in one basket. I’ve been furloughed, twice, so I’m well aware the music can stop.
That's all great as long as you are flying, actively employed and don't mind spending an extra day or two away from home each month. I totally get guys who do that. But personally, my side hustle (rental property) is as much about revenue now as it is part of a long-term plan to generate income and preserve wealth post-retirement. Hire a trusted, competent manager/management company and it really is a hands-off business with little effort 95% of the time. As a data point, I would estimate that I spend about 2 hours per month actively thinking about or having to be involved in any of my properties. Way less time involved than even picking up a green slip. And if you're the kind of sick individual who happens to enjoy evaluating properties and delving into the finances of it, then that 5% that is "work" doesn't even really seem like work. Your reward for this minimal effort? A few thousand dollars a month just deposited in your account while letting someone else pay for you to build equity that can be cashed out or borrowed against when and how you choose.

Last edited by freezingflyboy; 05-19-2018 at 11:48 PM.
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