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Don't Blindly Invest 

Go with what you know and if you are thinking of trying another investment or savings vehicle, research the heck out of it -- just don't take one other persons opinion. 

The information they give you may be 100% accurate but you need to have a full scope of your risks in any investment you make. Know all of the pros and con's and then decide whether or not you can tolerate the worst happening or if it would be too devastating.


Here are some of my suggestions for accessible information sources before you invest:

Realty: Danielle Pierce, Mark Whitten, Max Maxwell, Douglass Depte

Stocks: Red Panda, Wall Street Trapper, The Black Financial Channel, Our Rich Journey


There are so many resources. What are your favorites?

Analysis Paralysis 

This really applies to every area of your life. Your home, money, business, health - everything.

Analysis paralysis is real. It’s great to know that you need some level of knowledge to adequately take a leap of faith and succeed; however, if you never apply that knowledge, what are you really gaining? Knowledge is a resource that must be used in order to be leveraged. Also when you use what you know, what you've learned will be reinforced and you'll gain more knowledge along the way. Remember, you never stop learning and things are a process.

In the comments, write down what action you're going to take by the end of the week toward at least one of your goals.

Business Types 

While you're hustling and making your passion and/or hobby work for you and your legacy, make sure you understand what type of business structure you have or may need. Here is just a brief run through of what each is. If one sticks with you as fitting, please look into it some more as every state handles each business type differently. And let us know in the comments, what type of business you have.


Sole Proprietorship 

A sole proprietorship is easy to form and gives you complete control of your business. You're automatically considered to be a sole proprietorship if you do business activities but don't register as any other kind of business. You get all of the benefits directly AND you get all of the liability.



Partnerships are the simplest structure for two or more people to own a business together. There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP). 

Limited partnerships have only one general partner with unlimited liability, and all other partners have limited liability. The partners with limited liability also tend to have limited control over the company, which is documented in a partnership agreement. Profits are passed through to personal tax returns, and the general partner — the partner without limited liability — must also pay self-employment taxes. 

Limited liability partnerships are similar to limited partnerships, but give limited liability to every owner. An LLP protects each partner from debts against the partnership, they won't be responsible for the actions of other partners.


Limited Liability Company (LLC) 

An LLC lets you take advantage of the benefits of both the corporation and partnership business structures. 

LLCs give your personal money protection from our business in most cases. (Your car, house, and savings accounts — won't be at risk in case your LLC faces bankruptcy or lawsuits).

Profits and losses can get passed through to your personal income without facing corporate taxes. However, members of an LLC are considered self-employed and must pay self-employment tax contributions towards Medicare and Social Security.



C Corp 

A corporation, sometimes called a C corp, is a legal entity that's separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. 

Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures. Corporations also require more extensive record-keeping, operational processes, and reporting. 

Unlike sole proprietors, partnerships, and LLCs, corporations pay income tax on their profits.


S Corp 

An S corporation, sometimes called an S corp, is a special type of corporation that's designed to avoid the double taxation drawback of regular C corps. S corps allow profits, and some losses, to be passed through directly to owners' personal income without ever being subject to corporate tax rates. 

Not all states tax S corps equally, but most recognize them the same way the federal government does and taxes the shareholders accordingly. Some states tax S corps on profits above a specified limit and other states don't recognize the S corp election at all, simply treating the business as a C corp. So check out what your state does before you take the leap.

You Might Already Be A Sole Proprietor 

Starting a business does not necessarily mean you have to have a lawyer and accountant and file a ton of paper work. You may already be working as one of the simplest and cheapest business structures already - Sole Proprietor. You can be a sole proprietor if you sell keychains for heaven's sake. LLC's are popular too but if you are not ready financially to take that on and your business is simple enough, you could jus begin as a Sole Proprietor.

You can still have some tax deductions, you can still get an EID (a social security number for businesses) and still open a business bank account or brokerage account.


Have you heard of the term Sole Proprietorship before or do you have one?

Seek Mentors 

Seek someone, books, a course or something with knowledge in an area you are not familiar with. They can help you navigate and figure out what, where and how you need to do something and save you a ton of time. 

Don't waste time and your resources trying to reinvent the wheel. Get the best of someone else's knowledge and expertise and use it.

You can even look at Youtube, Patron, and IG for more inspiration and guidance. Check out podcasts and pages like, Earn Your Leisure, Max Maxwell, Todd Capital, Wall Street Trapper, Danielle Pierce and more. If there are any other social pages, groups, podcasts or other that you like and/or has helped you, drop the info. below.

Monetize Your Side Hustle 

What is the one thing you fully enjoy and always think about? What do you always come back to like its your personal true north? It will likely solve a problem or make things in some area of life easier. Its the one thing you cannot live the rest if your life without. 

Got it now? Good! Now is your time, in this exact moment, to start and figure out how to monetize it so you can do it forever! 

It doesn't have to be as big as Coca Cola but big enough for you and the people you want or need to reach. Support others in your field and your friends and celebrate all of your wins.