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☆ How to start a lucrative side hustle, from 4 people who've done it: ‘You can be more successful than you think’
▼ + stars: | 2024-04-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

"I think you can be successful with more side hustles than you think," Cody Berman, who co-runs online printables course Gold City Ventures, told CNBC Make It in January. In seventh grade, she started selling leggings for teen girls who couldn't afford larger, trendy brands. Bella Lin, 17, started a side hustle to give her guinea pigs more quality of life. Your ability to stay up-to-date on industry trends and audience demographics can affect your earnings over time, Etsy seller Tim Riegel told Make It last year. Riegel started his side hustle — making and selling steel fire pits — in 2021.

Persons: Cody Berman, Bella Lin —, Bella Lin, Lin, you've, Tim Riegel, Riegel, Becky Powell, Powell, Becky Powell's, —, Morgan Eckroth Organizations: Gold City Ventures, CNBC, Onyx Labs, YouTube, Barista Locations: Gold, Beaverton , Oregon, Portland , Oregon, U.S

☆ How to start a lucrative side hustle in 3 steps: You don't need to trade 'your time for money'
▼ + stars: | 2024-01-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Launching one of your own can be that easy if you know where to start. Most side hustles need to check at least one of those three boxes to succeed, she notes. If you were good at school, you could earn extra money by tutoring. "There are other ways to [earn] that aren't just trading your time directly for money," says Berman. But without their access to customers or built-in legitimacy, you'll have to build your own brand without a road map to earn any money at all.

Persons: Kathy Kristof, Cody Berman, it'll, Kristof, you've, Berman, Etsy, who'd Organizations: Gold City Ventures, Rover

☆ A 27-year-old real-estate investor making up to $15,000 a month in revenue explains how to snag a multi-unit rental property below $200,000
▼ + stars: | 2023-10-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

A sweet spotBerman said his bank preapproved him for a $275,000 mortgage, so he had a budget to stay within. He reviewed active property listings on Apartments.com and Zillow to see the rental rates and what was successfully rented in the previous 30 days. That's less than half the amount and a much more manageable payment, Berman noted. On the pricier property, your overall interest payments amount to about $538,000 versus $250,000 on the cheaper property. You end up with a larger mortgage payment, he said.

Persons: Cody Berman, Berman, Price, It's Locations: Massachusetts, Connecticut, Rhode, Windham County , Connecticut

☆ A 27-year-old real-estate investor explains how he house-hacked his way into making up to $15,000 in monthly revenue — plus the property types that maximized rental income
▼ + stars: | 2023-10-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The two units brought in $2,300 in rental income, or a cash flow of $500, and Berman lived rent-free. Today, his total rental income from the property is $3,900 a month. This time, it had two paying tenants, bringing in $2,200 in monthly rental income. The homeowner would keep 70% of the profit, and Berman and his business partner would get 30% for managing it. You may not be able to start by purchasing 15 rental units, Berman said.

Persons: Cody Berman, Berman Organizations: Massachusetts Locations: Windham County , Connecticut, Boston, Massachusetts, Connecticut, Worcester , Massachusetts

☆ I've tried over 25 side hustles, says 27-year-old—here's how to find the most lucrative one
▼ + stars: | 2023-08-03 | by ( Gili Malinsky | ) www.cnbc.com time to read: 1 min

Cody Berman is no stranger to side hustles. Today, Berman makes his money selling digital products like an online course and printables people buy on Etsy and print on their own. He's also in real estate, renting out long-term properties and short-term housing in New England. Given his years of dabbling, Berman's gleaned some insights about side hustles. Here's how to find the most lucrative hustle for you.

Persons: Cody Berman, Berman, He's Organizations: University of Massachusetts Locations: Amherst, New England

☆ How to find the easiest side hustle for you, says 27-year-old who’s tried dozens and brought in nearly $700K last year
▼ + stars: | 2023-07-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

The 27-year-old picked up his first side gig his freshman year of college when he founded a disc golf manufacturing company. "Also did some tutoring, podcast editing, video editing, running affiliate marketing campaigns." He says he made between $1,500 and $1,800 per month on his various hustles. Having tried so many hustles, Berman's gleaned a few insights about which might be easiest to pick up. For him, the easiest hustles to dive into were those in content creation, like podcast editing and video editing.

Persons: Cody Berman, hustles, Berman juggles, Berman, he'd, There's

☆ Warehouses and employers like Amazon bring new jobs and higher wages for some blue-collar workers, but they can be hard on cities — and on the human body
▼ + stars: | 2022-10-23 | by ( Matt Turner | Jordan Parker Erb | Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Hi, I'm Matt Turner, the editor in chief of business at Insider. On the agenda today:But first: This week, Insider launched an ambitious new package, Warehouse Nation, which investigates how the warehousing boom has shaped the US. Deputy editor Jake Swearingen is here to take us inside the project. Kathy Willens/AP PhotoThe US economy's post-pandemic party is over, so get ready to endure the mother of all hangovers. We outlined the winners and losers in Solomon's latest reorg, and what that might mean for the bank's future performance.

☆ There's a serious risk the US is headed for a prolonged period of high inflation and low growth, Deutsche Bank says. An era of negative returns for stocks and bonds may be the result.
▼ + stars: | 2022-10-18 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

Today we're looking at what Deutsche Bank analysts say is a deeply underappreciated risk to markets, one that threatens to produce an era of negative returns. According to Deutsche Bank analysts writing in a note on Monday, a 70s-style dynamic of high inflation and low growth is a big underappreciated risk in markets right now. First, this sort of thing can become a self-fulfilling cycle, wherein a period of difficult inflation like we're in now leads to further expectations for high inflation. What are the risks that the US economy sees a period of low growth and high inflation in coming years? Wall Street is underestimating these 12 stocks, according to Goldman Sachs.

☆ How a 26-year-old was able to quit his corporate job just 7 months after finishing college and hit millionaire status by age 25 by growing his 'infinitely scalable' side hustle into a 7-figure venture
▼ + stars: | 2022-10-15 | by ( A.J. Cohen | ) www.businessinsider.com time to read: +11 min

Berman said that digital products are great for passive income and are 'infinitely scalable.' He said real estate has been lucrative but it is much more work than digital products. When Cody Berman, 26, graduated from college four years ago, he got a high-paying job in commercial real estate lending. At the time he quit his job, Berman was only making between $1,200 and $1,500 per month from his digital products side hustle and other freelance work. In addition to the equity in his properties, Berman also has over $550,000 invested in the stock market, according to documents reviewed by Insider.

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