How to Quill Your Ego

"We dropped all income goals after my wife broke down. And what I do today is I just pick one thing to work on for the year and I work on it to the best of my ability," he said. "I think today more than ever, you can probably get a lot more done with fewer people."

Play episode from 36:11

chevron_right

Transcript

chevron_right

Transcript

Episode notes

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!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding