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☆ I make $160,000 a month in passive income and work under 5 hours a week: The No. 1 thing I tell people who want to build successful side hustles
▼ + stars: | 2024-05-12 | by ( Graham Cochrane | ) www.cnbc.com time to read: 1 min

Back in 2009, like so many during the Great Recession, I got laid off. Today, I have built two online businesses, a music education company and a business coaching brand, and I make around $160,000 a month in passive income and work less than five hours a week. DON'T MISS: The ultimate guide to earning passive income onlineI've learned a lot about what it takes to create a highly profitable business. I have shared my knowledge with over 3,000 clients, and I even wrote a book about my experience. So if you want to start a side hustle, this is the No.

Persons: I've

☆ 40-year-old works 'only 5 hours a week' and makes $160,000/month in passive income: 3 'complete lies' about side hustles
▼ + stars: | 2023-11-02 | by ( Graham Cochrane | ) www.cnbc.com time to read: +2 min

Today, I've built two seven-figure online businesses — a music education company and a business coaching brand. When I started my first business, people would stress to me the importance of the "hustle and grind." So I made a pivotal decision to never work more than 40 hours a week, including no nights or weekends, and have since shaved that down to only five hours a week. So if you really put your mind to it and give yourself 40 hours a week to get something done, it will take 40 hours. When I branched out as a business coach, I hit six figures in my first year without a single contractor.

Persons: I've, I'm

A side hustle can be a great way to boost your income. It might even help you pivot to a new career altogether. But your side hustle should cater to your unique skills, interests and work style. I've helped thousands of people launch profitable side hustles or full-time gigs, and there are three types of businesses you can start today with $0 down. Take this quiz to find out which one is best for you:(Click here to take the quiz)

Persons: I've

☆ Make It Mondays: How a YouTuber makes $1.6 million working five hours a week
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMake It Mondays: How a YouTuber makes $1.6 million working five hours a weekHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Graham Cochrane, Recording Revolution founder, joins the show to discuss his YouTube business.

Persons: Brian Sullivan, “, Graham Cochrane Organizations: CNBC, Recording Revolution

☆ This 40-year-old makes $160,000/month in passive income—his No. 1 tip for building a 6-figure side hustle
▼ + stars: | 2023-05-10 | by ( Graham Cochrane | ) www.cnbc.com time to read: 1 min

When I started my first business in 2009, I had no idea what I was doing. I just knew I had a passion for music production and needed to make money. Since then, I've built two online businesses — my music blog and business coaching brand — which generate $160,000 a month in passive income. What I've discovered after working with thousands of clients is that every six-figure business has one thing in common: they serve not just any audience, but a hungry audience. If you're looking to start a side hustle or full-time business, here's my best advice:

☆ This 39-year-old makes $160,000 a month in passive income: '3 businesses you can start today for $0'
▼ + stars: | 2023-03-21 | by ( Graham Cochrane | ) www.cnbc.com time to read: +3 min

Today, I work just five hours a week and make about $160,000 a month running my blog and business coaching company. Here are three types of businesses you can start today for $0:1. Explain how your skills and experiences can help solve their problems. Don't say "To Whom It May Concern" or write like you're applying to a traditional job. Explain how your skills and experiences can help solve their problems.

☆ These 4 lucrative side hustles dominated 2022—and they require less than 20 hours of work per week
▼ + stars: | 2023-01-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

The couple now only spends about an hour per week managing bookings, they say. She works 10-15 hours per week managing, cleaning and checking in on the bookings. Vending machinesYou might be surprised to learn how lucrative vending machines are for their owners. Now, he spends six hours per week managing 57 vending machines, which bring in an average of $30,000 per month, as his full-time job. In 2018, he moved from Rochester, New York, to Philadelphia and bought two vending machines.

☆ ‘I work just 5 hours a week': A 39-year-old who makes $160,000/month in passive income shares his best business advice
▼ + stars: | 2023-01-01 | by ( Graham Cochrane | ) www.cnbc.com time to read: +3 min

When starting a business, it's sometimes hard to know what to prioritize, and going at it alone can be overwhelming. I work just five hours a week from my home office and make $160,000 a month in passive income. To get clear about the type of business and life you want, ask three questions: What does a perfect day look like to you? Before you start a new task, ask yourself three questions: What's the expected outcome for doing this task? Can I point to a direct link between doing that task and earning income?

☆ 39-year-old millionaire shares why he 'regrets' paying off his 2 home mortgages: 'I felt trapped'
▼ + stars: | 2022-10-12 | by ( Graham Cochrane | ) www.cnbc.com time to read: +2 min

Three years ago, I paid off two home mortgages: our primary residence and a three-bedroom house that my wife and I rented out for $1,500 a month. But now, at 39, I actually regret paying off my two mortgages. Just a year after we paid off the mortgages, my wife and I enrolled our daughters in a school that was an hour away from our Tampa, Florida home. Moving closer would have been ideal, but the majority of our money was already tied up in real estate. As it turned out, a paid-for house with little access to money ruined my sleep.

☆ 'I work just 5 hours a week': This 39-year-old makes $160,000 a month in passive income—a look at his typical day
▼ + stars: | 2022-08-06 | by ( Graham Cochrane | ) www.cnbc.com time to read: +5 min

Thirteen years later, at age 39, I've built two online businesses that earns me a combined $160,000 a month in passive income. It's the most lucrative business, thanks to online course and coaching program sales, as well as affiliate commissions. Photo: John Olson for CNBC Make ItI work just five hours a week — Mondays and WednesdaysOn Mondays, I plan and create YouTube videos and podcast episodes. Photo: John Olson for CNBC Make ItOnce a month, I film an exclusive training for members of my paid community which adds about two extra hours of work per month to my schedule. No marriage is perfect, and the work I've put into our relationship has has made me a better husband and father.

Persons: I've, Graham Cochrane, he's, John Olson, We'll, Graham, Jamie Winship, we've Organizations: CNBC Locations: —, Florida, South, France, Puerto Rico

Graham Cochrane is a millionaire business coach and author who has been self-employed for 13 years. In 2009, Graham Cochrane was struggling to put food on the table after two layoffs in one year. "I didn't think I was judgmental back then, but I learned a lot more about people that are struggling," Cochrane said. He learned to balance risk aversion and risk takingWhen Cochrane was struggling to earn money, he was under an immense amount of stress. "That made me a little risk averse," Cochrane said, adding that he developed a fear of scarcity: "What if it all goes away again?"

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