One Rental At A Time How to Make Extra Money When You Work 60 Hours a Week
May 23, 2025
In this insightful discussion, Bo Eckstein, a small business lending concierge, shares his expertise on juggling demanding jobs with entrepreneurial ventures. He explores innovative business models like vending and dumpster businesses for passive income. Bo delves into the financial perks of small business ownership, including potential tax benefits. He emphasizes the crucial need for backup plans in uncertain economies, and offers strategies for real estate professionals to diversify their income streams through expanded services and SBA funding.
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Best Side Businesses for Busy Workers
- Consider vending, coffee subscription, recycle clothes bins, or dumpster business for side income with a demanding W-2 job.
- These businesses offer semi-absentee ownership and recurring income, requiring initial work but manageable alongside a full-time job.
Subscription Coffee Service Model
- Start a subscription-based coffee service by placing coffee machines in offices for free and charging per cup.
- Hire a technician for maintenance; this creates steady recurring revenue potentially yielding hundreds per machine monthly.
Small Biz vs Real Estate Access
- Real estate offers great tax benefits but requires significant capital for down payments.
- Small businesses accessible with less cash and SBA loans can be better for mid-income earners without big savings.