NBC Los Angeles | Wednesday, February 13, 2024 
34-year-old making $49,000 a month in passive income: What I always tell people who want to build successful side hustles

In 2016, I was working two jobs as a senior web developer and an adjunct professor. On the side, to help me get by, I was a freelance web developer. I knew almost nothing about business. Today, I’ve built more than 10 passive income streams, including multiple e-commerce brands, a YouTube channel and an online school. Combined, these businesses bring in about $49,000 a month in passive income. I’ve learned a lot about how to create a profitable company. I always tell people that if they want to build successful side hustles and passive income streams, they need to stop believing these three myths: Myth #1: You need to spend money to make money – This is a common piece of business advice. If you want to open a retail store, for example, your expenses would include monthly rent, purchasing goods — to stock shelves and then re-sell to customers — and employee wages. That’s a traditional way of doing things, and an expensive one. My favorite online business model is print-on-demand. I started my print-on-demand side hustle on Amazon in 2017 for $0 and I’ve since expanded it to offer my products through Etsy, Walmart, and eBay. Print-on-demand lets me sell items like t-shirts and coffee mugs with custom designs on them. I don’t pay a dime for any of the inventory until after a customer places an order, which helps me keep costs low…Read more