view in browser
If you have $0 to $10k to $1million, here's a tiered list to get cashflowing.
Want more ways to make money? Our premium crew, Contrarian Cashflow, is the place for you! Price goes up to $399/yr in 4 days!
🔉 From my lips to your ears, the audio version.
Weirdest Ways I've Heard to Make Money.mp3
RANT: The world is the classroom, the school is the prison...
I don't remember my GPA.
I find it comical when resumes include them. Ok, nerd.
I don't remember which classes I got A's in.
I do, however, remember moments. Brilliant little diamonds to be captured and treasured. I remember debates in class that pushed my mind, questions left open to contemplate. I remember when I realized that joyous feeling every human needs... that I was actually good at a thing.
Let me take you back to college. I was in a debate class at the lauded Arizona State University (wink). Our class of 50 had each taken a subject that we thought was the MOST impactful invention for all of humankind. One student took the wheel, another fire, another religion, another agriculture.
After days of debate, we were finally down to the final two. I was one of them. It was me and a student who took pasteurization with its ability to cure disease and protect food as the cornerstone.
Which innovation had taken me to the finals of class?
Yes, those delicate rubber appendage covers covered in Trojans.
Oh, my poor mother.
Why? Well, let me tell you I had quite the logical arguments laid out. But the truth is, the entire class voted on who won each debate. All those other arguments were expected, they were boring, right? I knew at a young age... Panum et circuses, give them bread and circus as the Romans said.
ENTERTAIN THEM and they will lift you high, bore them and they will kill you.
I used images of AIDs ravaging (emotional appeal), I wove stories of women freed from endless death in childbirth (aspirational appeal) and... I handed out samples (bribing). Another wink.
Handing out pasteurization is a tad harder. Sorry, pal.
Long story short, I won.
But then my teacher intervened.
She said the class had been swayed by my lubricated goodies and the victory alas, it went to another. I found the interventionism more comical than upsetting. But then the teacher sat me down to have "a talk."
"Oh Codie, why oh why, would you turn my debate into a charade? Why would you not use logic alone in debate?"
To which I replied, "You told me the parameters and the goal... to win, and I did."
Teacher dear teacher, when you let the masses decide you have to appeal to the masses. She wanted me to appeal to her, but she was one vote amidst an audience of 50. I knew who my audience really was, and I played for them.
That is the problem with theory vs reality, with school vs life, with our current media vs media of old.
The truth is, humans are not swayed by logic alone.
Oh no no no no. Logic must be snuck in like a thief in the night under the cover of fireworks, that is emotion.
Forget this at your own peril. The world isn't easy on the logical or the principled.
Today in < 10 minutes → We’re Going to Dive into:
- Money making of old is dying → the future is not for the professionals
- Jobs of today are dead → Jobs of tomorrow what are they?
- Choose Your Cashflow → An adventure into weird ways to cashflow
- 10 of my favorite ways to get boring cashflow → Full rundowns 4 you to run with
The Jobs of the Future Are Here
What got you here, won't get you there.
Check out what the top jobs were in 2001. Legal, management, architecture.
2001 top job -> lawyer, 2021 top job -> crypto creator
The truth is, tomorrow's top job probably doesn't exist today. If you are looking to the models of old to create wealth for you, I am sorry but you are going to be in a world of trouble as the speed of change and acceleration just continues to pick up.
So this week we are doing a dive on some of the weirdest ways to make money we've heard on the twitter-verse AND my favorite ways to get boring cashflow.
In the end, you have 20 ways to ensure you aren't getting a degree in taxi driving in a world that is moving towards Uber.
Choose Your Cashflow Adventure
So there I was, just a tweeting away, as I am want to do these days. Talking about, you guessed it, cash flow.
Andrew had a point. He got me thinking, what if we had a choose your cashflow adventure? What if we could list out a bunch of ways big and small you could attack the smallness or steadiness of your bank account. This my friends is our goal today.
From financial oppression through ideation and execution. Let's begin starting from needing no money to needing quite a bit of it.
My Favorite Not-So-Boring Ways to Get Cashflow
If I had children I'd tell them one thing, only you are the master of your fate.
Never give it up, never centralize it.
There is a military term COA, or course of action. One of the ways my husband ponders situations is by how many COA's he has, and how many backup plans. Anytime there is only one single escape route, it's not a great COA.
I think about that the same way with cashflow sources. In a world that changes as abruptly and drastically as our world does, it is no longer smart to hyper-focus and centralize. You need many income streams. Thus here are my personal favorite ways to cashflow without having to be a rocket scientist.
#1 Negotiate your salary (or your clients)
It costs you nothing. It has the highest ROI on time. The only thing stopping you is fear and laziness. If you haven't already done this in 2021, wtf are you doing with your life? It's time to get aligned and ask for more money. #inflayshunnnnn
#2 Rent your Car to Others
If you're not driving, let someone else pay you to use your car.
- HyreCar: rent out your car to rideshare drivers to make up to $12,000 a year.
- Turo: rent out your car to travelers, make $100's or $1000's a month. Use the Carculator to find out how much your car could earn.
- TravelCar: Rents out your car for you while you travel; simply park at qualifying airports.
#3 Rent out all your toys (boards, bikes, scooters, heck even pools)
Turn your liabilities into assets volume 1.
- Swimply - Let's you rent out your pool.
- Riders-share - Let's you rent out your motorcycle.
- Quiver - Have a surfboard hoarder like my husband, rent it out on Quiver.
#4 Refinance your house
Ya need a house for this one, or heck ask your parents if they've done it help them do it, and then ask for a cut? But more of the story we just did this on all our properties for $100's of thousands of dollars in savings
#5 Cash-Out Refinance
Gonna get boring and technical here. If you are refinancing your mortgage and you have home equity in it (aka money it's worth that you've paid in or it's appreciated) you can take out some of that money. Totally depends if this is a terrible idea or a good one on your financial situation. We did it and then use the money to buy more cash-flowing assets. *Careful of HELOC's - home equity lines of credit, those are variable rates and can get ya.
#6 House Hacking
One of the fastest ways to increase your cash flow is to decrease what you pay each month. Most people's biggest cost is their rent/mortgage. So Instead why not rent out some of your rooms, or even sublet a couple of rooms if you are a renter. They'll pay you to live.
#7 Rent Ad Space on your Car
If you are a frequent roll-around towner, you can get paid for displaying a company’s advertisement on your car. You get a wrap on your car and start earning money just from making your regular trips. The wrap doesn’t damage your car, and you can earn up to $400-1000 in passive income every month. Especially lucrative for rideshare drivers. Here are a couple of options. Also if you come to Uncon you'll see some of these live, we practice what we preach
$10 to $1000 Needed
#8 Invest in Low Minimum Real Estate Funds
You can use sites that aggregate a bunch of money together to invest in real estate and pay you out, without you having to do a big RE allocation.
#9 Invest in Low Minimum Pooled Artwork
Noticing a trend here, more ways to get into big ticket historical items with less money. That's what masterworks is doing, allowing you to invest in works of art that are $$$ but not if you securitize them in chunks.
Masterworks - $500 minimum
#10 Become a real estate crowd funder
If you don’t have enough money to buy an entire building, you can still invest in real estate. All you need to get started with online real estate investing company DiversyFund is $500, and you can own your share of a real estate investment trust (REIT). Other real estate crowdfunding sites include:
Stake or earn w/ crypto currency
#11 Dividend Paying Stocks
Ahhh an oldie but a goodie. The stock market isn't just for growers and showers, it's for payers too. I've long had lots of money in stocks that pay out monthly.
#12 Buying or Building Newsletters
My favorite way to create cashflow, to grow your audience, and your deal flow. Media companies, I think it may be one of the most powerful lever points I've ever seen.
#13 Farmland and Agriculture to Cashflow
Farming, agriculture and resources are becoming more and more scarce, how can you capitalize on it for yourself? Turns out you don't have to buy a farm (although I am into that). You can instead use a grouping of aggregators or funds. We have them broken down for you.
#14 Buy Land Outside National Parks & Glamp Rent
Buy cheap real estate (land) by national parks, and rent it out to campers and RVers. We wrote a whole big ole post on this one.
#15 License Music Royalties
This one I know nothing about but I'm digging into. On Royalty Exchange you can invest in individual music rights and cash flow off of them.
- Royalty Exchange reports that the average annualized return on investment for catalogs sold on its platform was greater than 12%.
- Hipgnosis Songs Fund’s (SONG) dividend yield is 4.3%.
- Mills Music Trust’s (MMTRS) dividend yield is 9.6%.
#16 Buy some Parking Spots
If you live in a high-traffic city — Chicago, New York, or Washington DC — renting out a parking spot can be lucrative and has a lower startup cost than buying real estate. You can rent them out for anywhere from $200-$500 a month and they go for anywhere from $10,000 to $30,000. (We're doing a cashflow breakdown on this soon in premium.)
#17 Vending Machines to $15k A Month
If I was a college student, I'd be doing this one. Very low cost to start ($1-10k) strong cashflow potential with a very simple business model.
#18 RV Parks to Millions
The RV trend is real and it can be really profitable, you could be like Kenworth where a $400k investment could net you $15k a month.
#19 Mobile Home Parks to Replace Your Income
We will not be in a bull market forever, affordable housing is scarce, why not own mobile home parks to solve both issues?
#20 Buying Houses for 1/3 the Price (then renting them out)
My prediction, the future of houses will be factory-built, for a fraction of the cost.
#21 Tiny Homes & Airbnb Cashflowing
One of my other absolute favorites, tiny homes and Airbnb's. If you have an eye for RE and design, the cash flow is real. I have some concerns about future regulations but I like it in this current market.
#22 Laundromats (this is a bit outdated # wise but ya'll get it)
Laundromats, the most simplistic version I see of how to get into the M&A trade. They are straightforward, cash flow, and relatively low cost of operations.
So tough love moment, all of these ideas should be showing you...
Money, it is all around. You just have to reach out and take it.
Most will not. 99.9% will not. Will you?
Question everything and stack cashflowing assets,
SPECIAL SEGMENT: A BIZ FOR SALE
A friend is selling his CrossFit style gym in San Diego, $50k cashflow to the owner, passive investment business with a manager in place. This guy happens to be a friend, so serious inquiries only in the cashflow group!
I'm going to start dropping more deals into our cashflow group. If you want access click here.
TWEET OF THE WEEK:
The comments are highly entertaining if ya'll are so inclined.