Passive Income Expert: How To Make 10k Per Month In 90 Days!
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What is the brutal truth about passive income?
A lot of people are looking for passive income from side hustles. Yeah, it's the financial Ozempic. And it's more accessible than ever. Like 90% of the ideas I talk about can be launched with $500 or less. And there's enough time in the day to do these on the nights and weekends. So in these three suitcases in front of me, I have three different amounts of money.
How can you turn $1,000 into $10,000 quickly?
And during this conversation, I'm going to pass you a box at random. And your job is to tell me what kind of business you would start with that amount of money. Sounds good. Let's do this.
Known as the king of side hustles, Chris Kerner has launched over 80 businesses, earning millions in the process. And now, the serial entrepreneur is going to teach us how to adopt a business mindset and launch simple, overlooked, but profitable ventures with little money.
Many of us struggle financially, and they see a side hustle as a solution to that. Like for me, growing up kind of poor, business allowed me to take hold of my life and make it what I wanted it to be. And it started when I was nine years old and wanting a red Schwinn bicycle. My friends had a bicycle, my neighbors had a bicycle, and my parents didn't have money for it. But I lived across the street from a golf course, and these golf balls would fly in my yard. And I would go to my neighbor's yard and go across the street, dig through the ditches, and I'd pull out all these golf balls. And I started selling them. That was my first business. That taught me that business is approachable. And we all have ideas, but we usually don't do anything about it.
Why? I think number one, they're afraid of what people think. Number two is they don't have the tools or they're not connecting the tools with the ideas. If we can get over those, the world is our oyster at that point. I have $1,000. What side hustle do you start? The first thing that comes to mind is my favorite business idea of all right now. This is a zero employee business. It's highly profitable and that would be... So how important is it for you to love the thing to be successful at it? Ignore passion, follow the profit until you can afford to follow your passion. Do they need a business partner? No. If you look at the stats on business failure rates with companies that have co-founders, it's significantly higher than companies that have solo founders.
And how does someone validate a business idea?
What are the key habits that keep you poor?
If I had to pick one tool, it's one that one in four humans use every day. That's everything you need right there. Just give me 30 seconds of your time. Two things I wanted to say. The first thing is a huge thank you for listening and tuning into the show week after week. It means the world to all of us. And this really is a dream that we absolutely never had and couldn't have imagined getting to this place. But secondly, it's a dream where we feel like we're only just getting started. And if you enjoy what we do here, please join the 24% of people that listen to this podcast regularly and follow us on this app. Here's a promise I'm going to make to you. I'm going to do everything in my power to make this show as good as I can now and into the future.
How do you validate your business ideas effectively?
We're going to deliver the guests that you want me to speak to and we're going to continue to keep doing all of the things you love about this show.
Chris, who are you and what is the mission that you're on? I am a father. I am a husband and I'm a serial entrepreneur. And I love talking about business and starting businesses and inspiring other people to do the same. Why? Business has given me everything. Growing up kind of poor, it was my outlet. It was my way of just kind of taking hold of my life and making it what I wanted it to be. And I have immense gratitude for that. And I just love talking about it. It's the only thing I know. I can't talk to you about history or nutrition or anything, but when it comes to business, I just love it. And I want other people to love it as well. How have you made your name in the world of business? Because I've heard your name a lot recently.
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Chapters
8 chapters
1
What is the brutal truth about passive income?
0:00–0:17
2
How can you turn $1,000 into $10,000 quickly?
0:17–1:48
3
What are the key habits that keep you poor?
1:48–2:31
4
How do you validate your business ideas effectively?
2:31–1:06:37
5
What is the brutal truth about passive income?
1:06:37–1:07:24
6
How can you validate your business ideas effectively?
1:07:24–1:11:20
7
What are the best strategies for team building and partnerships?
1:11:20–1:48:03
8
What are the key takeaways for aspiring entrepreneurs?
1:48:03–2:11:27
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