Business:Investing
418: Replacing His Wife’s $100K Salary in Year ONE with THIS Online Side Hustle
2023-06-05
An online side hustle that replaces your $100K salary in year one!? It sounds like an impossible feat, but today’s guest was able to achieve this by launching an unusual ecommerce business—allowing his wife to quit her job and stay at home with their kids full-time!
Welcome back to another episode of the BiggerPockets Money podcast! Today, we’re chatting with Steve Chou, a serial entrepreneur, ecommerce influencer, and founder of MyWifeQuitHerJob.com. When Steve’s wife became pregnant with their first child, he was faced with the challenge of finding a side hustle that could replace his wife’s 9-5 income. Of course, living in Silicon Valley isn’t cheap, and replacing a $100K salary is much easier said than done. Despite these hurdles, Steve was able to turn one brilliant idea into a profitable business that has managed to grow every year since 2007.
If you’ve always wanted to start your own side hustle but are unsure where to begin, this episode is for aspiring entrepreneurs like you! Tune in to hear Steve share about the humble beginnings of his handkerchief side hustle, how to find ecommerce success in 2023, and achieving financial freedom without burning out. As always, Mindy and Scott bring their own financial expertise to the table and deliver some timely wisdom!
In This Episode We Cover
Why you NEED a side hustle to make life-changing money
How to launch a successful ecommerce business in 2023
Building a business with the goal of replacing your 9-5 salary
Staying relevant, outlasting AI, and achieving longevity in your business
How to arrive at “enough” so that you enjoy financial freedom without burning out
The best ways to protect your business against intellectual property (IP) theft
And So Much More!
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Learn How to Start a Thriving Ecommerce Business
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Click here to check the full show notes: https://www.biggerpockets.com/blog/money-418
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