B (2:55)

And the beautiful thing about increasing your income is that even small amounts compound over time when you save and invest that money. The average American that has a side hustle right now brings in about $700 a month. Only about 12% of side hustlers are earning $1,000 or more a month. Over half of these people spend less than five hours a week on that side hustle, which means even at the lower end, you're talking about earning an extra 200 to $400 a month for maybe 20 hours of work total.

C (3:25)

I think it's also important for us to talk about what it means to have a low friction side hustle, right? Because it's one thing like, oh my gosh, yeah, I'm driving Uber, I'm doing the do, doing these crazy things and you're working 12 hours a day trying to make some extra money. You're not sleeping, but that's not sustainable. These are side hustles that are sustainable, that you're not going to get burnt out from that. Follow the low friction framework. This framework has three core principles. Principle number one is you use what you already have. The best side hustles leverage your existing skills, connections and resources, right? So if you're a teacher, tutoring is low friction. If you have a pickup truck, helping people move is low friction, right? So if you're good with numbers, bookkeeping, like, so when it comes to using what you already have, you won't be starting from zero. You won't be learning a new skill, right? You already have a little bit of background and knowledge. Principle number two is minimal startup cost, right? So we're not talking about buying inventory, getting some certifications, or building complicated systems. The side hustles that work the best are the ones that you start this week with no money, right? The ones that you can start with less than a hundred bucks if you need to, right? You're not going out and raising capital or emptying out your savings or going into credit card debt. So minimal cost. And the third principle that really emphasizes this low friction framework is having those flexible hours that fit your lifestyle. So if your side hustle is making you miserable or it's destroying your relationships, whatever, it is not worth it. I don't care how much money you're earning. You're looking for opportunities that you can do on your own schedule that don't require you to be somewhere at a specific time. You can batch all these services into a convenient block of time. Right? You are flexible and it fits into your existing day to day. All right, Robert, we've laid out the low friction framework. Let's now talk about the specific side hustle ideas as well as one, share how much these listeners can earn at each side hustle and then two, the pros and cons that come with each side hustle. So Robert, kick us off with side hustle number one.

B (5:21)

I know what you're thinking. You're thinking, well, I don't have time for a side hustle. I have kids, I have a full time job, I have all these other things. Guess what you do. Because if you want to get out of this trap, this nine to five, living paycheck to paycheck, whatever it is, you have to make time. Because so many people that I see say they don't have time yet. They're watching sports all week every week. Whether it's football, baseball or whatever, or they've got all these fantasy teams, they're just always so busy with things that aren't helping the future of their life. And that's why I think this episode and these breakdowns are going to be very, very enlightening for everyone following along. So side hustle number one, tutoring and test prep. This is one of the most accessible and high paying side hustles for anyone with expertise in a subject area. You don't need a teaching degree, you just need to know your subject and be able to explain it clearly. Private tutors typically charge anywhere from 25 to $75 an hour, depending on the subject and the location. Sat and act prep tutors charge 50 to $100 an hour or more, which is crazy. If you just tutor five hours a week at $40 an hour, that's $800 a month. And if you're a teacher of any kind, this sounds like a no brainer to me. So here's how to start. Begin with friends and family, post in local Facebook groups, list yourself on wyzant or tutor.com and once you have a few clients and some testimonials, you can raise your rates and get more referrals. This is legitimately a low friction side hustle. And assuming you have something to teach others, you set your own hours, work from home or a coffee shop, and get paid to help others learn the Downside is that it can be seasonal with demand peaking during the school year and around standardized testing periods. But don't just think teaching in normal school terms. This could be something where you're teaching fishing, carpentry, so many other subjects that are out there. Basket weaving. I don't care what it is. If you have expertise in it, you can have a blast doing it and teaching others and make a lot of extra money.

C (7:28)

I like this one a lot, Robert. I'm a big believer in it and I had a tutor growing up and I. Well, my parents paid for it, right? I was not that great in school. So long story short, I believe in this one and there's definitely a demand for it depending on your expertise. Side Hustle number two, local freelance services. I know it's a very broad category, but it's where a lot of people are quietly making some serious income. For example, there's a guy named Connor inside the Rich Habits Network who does graphic design and different AI automation for small business owners in his area. He has made $80,000 just this year in 2025 with his web design, graphic design, AI automation business while also working a 9 to 5 job, right? Like it's insane how much can be made in this sort of freelance services segment if you know what you're doing and how to scale. So don't just think web design or AI automation, think like graphic design, WR media management, bookkeeping, virtual assistants, anything that is freelance services that you have some sort of experience in, right? So depending on your skill set, you can begin to charge 25, up to $100 an hour. A small business might pay you 500 or a thousand $2,000 a month for ongoing social media management or even a few thousand for a one time project for a website, right? A simple website design could be a thousand, three thousand, five thousand dollars depending on who the customer is and how intricate they need it. Bookkeeping a few small businesses a month. You know you could get a thousand 1500 bucks rocking and rolling that way. Don't start. Here's the key, right? Don't start by going to fiverr or upwork. Big mistake. People make off the rip because you're now competing globally on price, right? They're getting people that are all over the world trying to make a little bit of money. Instead, target your local businesses in your areas, specifically ones that your customers of. Maybe it's a Facebook group you can join, right? Maybe there's a dog grooming business. I did the do dog grooming website sales when I was right out of college, trying to make some extra money, right. Go to the dog grooming businesses and sell them on some, some website redesigns, go to networking events, reach out to small business owners, offer your services to nonprofits to start building a little bit of a portfolio. Here's the thing, you have to be someone that's fun and easy to work with, right? Because as a small business owner myself, whenever I'm paying someone thousands of dollars, like we recently did to design our website, if we're paying you all this money, I, I'm thinking, okay, like I pay this person a lot of money and get that one on one relationship some nice, like good vibes or I can go pay some freelancer that I'll never meet, never seen, ever talk to on fiverr a cheaper price. So if I'm paying more, right, want to make sure that I've got that good in person relationship. I can give that feedback, I can ask questions. So be that type of person for your services so you can command a higher price. Now this does take more of a hustle up front to land your first few clients. But once you do, the work often becomes recurring. Especially after you, you know, maybe doing these longer month to month contracts or maybe you start getting those consistent referrals. One of my favorite side hustles here, I've done this one myself. It definitely works if you're able to figure out how to put the pieces together.

B (10:43)

Yeah, I think the biggest takeaway from that point is that you start to build these localized relationships. You get three, four clients, that turns into 10 clients and all of a sudden you're hiring people and you can really build this into a great business. And that takes us into side hustle number three, which is task based gigs. I'm talking about taskrabbit, handy.com or even just handing out flyers locally to promote helping people move, do yard work, furniture assembly, or even handyman services. Because if you're willing to do physical work and you have basic skills, there's huge demand. Let me be clear. If you have a good attitude, show up on time and you're willing to work, there will always be a job for you. You can go to any corner in any city and walk along a bunch of businesses and everyone needs help. TaskRabbit workers often make 30 to 60 dollars an hour. And helping someone move might pay you one to $300 for a few hours work that day. So think furniture assembly, yard cleanup, painting, minor home repairs. It could be landscaping, mulch cleanup, whatever it is, but they all command really Good rates. So Start by sign, TaskRabbit or post in local community groups. You'd be shocked at how many people need help with simple tasks and they're willing to pay. You don't need to be a licensed contractor for most of this work. You just need to have the hustle, the work ethic, and have a good personality. This is all very flexible and can be highly lucrative, especially on the weekends. The downside is this is physical work and you're trading time directly for money. But if you're looking to make quick cash without a lot of setup, this is one of the fastest paths and one of my favorite paths because I own small businesses all around the country and there is always work we need done. So just get out there, ask around, because I swear every local business needs help.

C (12:41)

Also, make sure your church knows that you're offering these types of services. I had to move a couch. I think it was last. It was a lot of things. It was not just a couch, but I had to move a lot of things last year. And my neighbor is plugged into a really good church and I was telling him about it and he's like, oh, our church, like, we have like this bulletin board where people that like, you know, whatever. And so he found me two kids in college. They were super nice, really strong, right? I just need. I just need them to help me move a couple things around this house. And paid them a reasonable. I forget how much I paid him, but like, it was totally reasonable. And the kids only got the job because the church knew about their services. So if you're plugged into a good church. We don't really talk too much about politics and religion here, but it could be a good avenue for you to advertise your services. Oh yeah, I'm really good at handing, hanging up TVs or, you know, I've got that pickup truck. I can help you with the yard work. Like, I'm always looking for the stuff to do on the weekends, right? So advertise that. Not just in the community groups and things like that, but also let your church know. I think that's a really good way to help get the word out as well. Now, side hustle number four includes pet services for our pet lovers out there. Think dog walking, pet sitting, house sitting, things of that nature. These are under rated money makers, especially in the suburban and urban areas where people travel frequently or work those long hours. Think about it like this. Dog walkers earn between 15 and $40 per walk, depending on how long. And you know, where you Are, I guess pet sitters can make 25 to 75 dollars a day for those drop in visits, 50 to a hundred dollars per night for those overnight stays. If you're walking multiple dogs a day, multiple dogs a week, we're talking about hundreds, if not thousands of dollars a month here. Start Rover and Wag, they make it really easy. Ireland actually is on both of them because she loves dogs and loves doing this stuff with dogs. Build up some reviews, start asking your clients directly. Then after you kind of rock and roll a couple times, say, hey, platform takes their fees. Would love to work with you directly here. You can you save money, I make more money, everybody's happy. Word of mouth in the neighborhood is also really important. If you like animals and you enjoy walking outside and getting your heart rate up and being around these furry friends, this is a great, great side hustle. The income can be steady, especially again, if you build those recurring relationships. The challenge, though is you need to be reliable and available and the big one. Right. A lot of people travel for the holidays, which means if you are someone who's taking dogs in or, you know, helping people watch over their dogs for overnight, for a long period of time, you gotta be available on those holiday times. That's when you can charge the most money. I've paid hundreds, maybe even north of a thousand dollars for a week for my late dog. When we take her places. I mean, I just, I couldn't take Mexico. So find people on Wag or Rover, whatever it was, and they would hang out with her for five, six, seven days and I'd end up paying 1,200 bucks or something. I mean, this is real and it's cool. You get to hang out with dogs. It's like, it's so fun. So I think pet services is a major, major one and something I've paid for in the past myself.

B (15:42)

Yeah, there's a woman in my building, very, very lovely woman, and she's always walking dogs. I don't care what time of day or the evening, she's always walking dogs. And I said, tell me more about this, how did it start? Whatever, whatever. And she just does three buildings all right here on my block. And she's going to make over $80,000 this year walking dogs. And she's in incredible shape because she probably puts 20,000, you know, steps in a day, more than me even. And so it's a great, great, probably my favorite side hustle if you're a dog lover and an animal lover.

C (16:16)

Now, before we get to our final side Hustle Robert we have to make sure everyone understands that when you earn this money, it's not just about like trading time for money. Get some extra cash and then like, cool, I'm gonna go spend it. You have to take this money and invest it into a little bit of a nest egg that's growing for you over time so you can finally retire.

B (16:36)

And the easiest way anyone can begin investing towards their Future is on public.com they make it incredibly simple to build a multi asset portfolio including ETFs, stocks, bonds, crypto options and more. They also offer access to industry leading yields of up to 3.8% APY for that emergency fund.

C (16:56)

And for a limited time, you can earn a 1% match on all IRA deposits, IRA transfers and 401k rollovers. It's a thousand dollars free money for every 100k you roll over into their platform from your old stinky broker from a 401k job you had 20 years ago. Roll it over into public and get your free match and fund your account.

B (17:15)

In five minutes or less by heading to public.comfront/rich habits to claim match today. Paid for by Public Investing. Full disclosures in the podcast description all.

C (17:26)

Right, Robert, let's wrap up this episode with Side Hustle number five.

B (17:31)

That's right, renting out assets you already own. This is one that I don't think a lot of people talk about, but it's just so easy to do. And it's an incredibly low friction side Hustle because you're literally making money from things you already have. We're talking renting out your parking space, your storage space, your garage, your tools, your spare room, or even your backyard for events. Get creative here. I know a girl that's in the Rich Habits network that spent 30k renovating her backyard for photo shoots and events. She lives in LA and she's brought in over $80,000 this year alone just by renting out her backyard for brands and influencers on Peerspace. So let's think about this. A parking space in a city can rent for $100 to $500 a month. A spare room on Airbnb might generate 500 to 2,000amonth, depending on your location. Your car on Turo again could bring in 300 to $1,000 a month. And even renting out equipment like your power washer, you barely ever use ladders, those canoes that are sitting out back in kayaks that you never use, Those can add up to 50, 200, $300 a month for things you already own that are just sitting because you have things people want and want to use. And if you identify those things and rent them out to people, they don't have to buy them. So list your spot on spothero or neighbor.com, list your car on Turo. I love Turo. I use it all the time. And post about your things on Facebook Marketplace as well. You can put your spare room up on Airbnb. It literally takes an hour to set this stuff up up. And then the income is largely passive. This requires the least amount of active work, which is beautiful. We're talking about frictionless things. And the downside here is there are a little bit of risks involved with letting strangers use your property. So just make sure you read the bylaws, understand the insurance implications and the platform protections, if there are any.

C (19:34)

I think that is a great explanation and sort of way to wrap that up. I mean, listen, I pressure wash my things once a year. I don't own a pressure washer. I'm the guy that's over here. Hey man, can I borrow the pressure washer? I would totally rent one if someone's like, yo, rent it for you. 50 bucks you got it today, right? It's a no brainer. Everyone has these things in their garage somewhere in the house. Like there's stuff you have that people want to rent and borrow. And as long as you understand the risk that could come with that, you're going to be just fine. Now, Robert, let's wrap this up. So when it comes to side hustles, these low friction side hustles that we've shared, pick one, don't pick three, don't pick all five. Pick one. Pick one side hustle that fits your life and your skills. Start small, commit to it for three, four, five, six months, even track your actual earnings. And then decide if you want to scale it and if you want to add in another or maybe pivot to something completely different, the average American is one or two good side hustles away from complete financial breathing room. Maybe that's paying off their debt faster, building that emergency fund for the first time, actually investing toward their future, getting rid of their student loans or their credit card debt. You don't need to become a millionaire entrepreneur to do the right things. Financially, you might just need an extra 250, 500 or a thousand a month more than what you're making already. And your life can completely change for the better. And that's what this episode is all about. Identifying how to generate that extra two fifty five hundred, seven hundred, a thousand dollars a month doing these low friction side hustles. Remember, remember, you can always earn more. That's the opportunity, that's the hope. And that's what we want today's Gig Economy episode to make possible for people that are willing to put in those 5, 10 extra hours a week of work.

B (21:21)

So the main takeaway for this episode is if you're living paycheck to paycheck or you feel like you're not getting ahead, you're not getting rid of those pesky credit card bills, this is the way to fix it immediately. Low friction side hustles that work get yourself ahead. We're not saying do it for life, but do it for a year or two to get ahead and get financially free and investing for your future.

C (21:43)

I had a blast talking through these, Robert. I hope our audience enjoys them as well. As always, we've got our Q and A section of our episodes where you guys ask us questions whatever you want. Robert and I answer them off the dome. You can ask us questions inside of the Rich Habits Network. You can email US questions@richhabitspodcastmail.com or DM US questions on Instagram at Rich Habits Podcast. But before we answer our first question, I gotta give a shout out to Fundrise.

B (22:10)

That's right, you've all heard us talk about the importance of diversity, diversifying your investments for a while now. And there could be a major opportunity today in private market real estate. Especially with the market timing right now.

C (22:23)

We all know it's a hassle to be a landlord and could require a ton of upfront cash. We're instead focused on finding an option everyone can have access to and that option is the Fundrise Flagship Fund. You can become a real estate investor whether you have $50 or $5000. And you'll have an entire team team looking for opportunities to add to your portfolio again. On the Fundrise Flagship Fund, you'll gain.

B (22:47)

Access to the potential returns of real estate without the headaches of property management or maintenance. Check out the link in our show notes below. To become a real estate investor today.

C (22:56)

As always, carefully consider the Fundrise Flagship Funds investment material before investing, including objectives, risks, charges and expenses. This and other information can be found in the Flagship funds prospectus@fundrise.com flagship I've been an investor on fundrise now since 2018. It's almost the end of 2025. Every month I deposit my I think it's like 150 or 250amonth into the platform it goes straight into this fund that we're talking about. I consistently do that. It's a great way to diversify my portfolio into other asset classes outside of just this AI hype that a lot of people claim we're in. So, Robert, let's now jump to our first question from Ryan A. Ryan A says, hey guys, I hope you end up seeing this email. I found your podcast a little over a year ago, and at the time I was trying to become financially literate and understand how to use my money to make a better life for myself and my future family. Last week, I made it to my first hundred thousand dollars invested. My girlfriend and I are both in our mid-20s. We both love listening each week and admire how you present information to such a diverse listening audience. Thanks for all you do and helping us and so many others to be set up for success. My question is, how do we move forward from here? We've got 100,000 invested. We max out our Roth every year. Year. What do we consider to do next? Robert, you want to kick this one off?

B (24:17)

I love it. Ryan, great question. Congrats on being so young and crushing it and getting your base built. It makes me very, very happy that people are listening because down the road it's going to be great for everyone involved if they just kind of follow along and take notes and take action. So what would I do next? Start considering diversification. I assume you already have the Roth set up. You've got that maxed out, out. You've got the basket of ETFs, you're doing really well. I would start looking now at do I want to get a little money into some precious metals, maybe get some into some individual stocks. Maybe look at diversifying out a little more in the ETFs by adding like AIQ for some international AI exposure. But that's where I would go next. Maybe look at getting into the fundrise reit, getting some exposure to real estate now. Now all of these things I think is a good next step for you too, because you're going to add diversification, which then adds insulation from volatility. That's what I would do next.

C (25:17)

I like that a lot. And I'm going to go the next step on the relationship side. You're in your mid-20s, you're with your girlfriend. You and your girlfriend are very much on the same page, which is incredible. A couple things to remember. One, don't combine incomes yet. Don't pay off each other's debt yet. You guys are not married. If I were You, I would start making a plan to saying, okay, I'm now financially secure, I'm. The career is great. Now it's time to think about what my life can begin to shape up as with this person, right? Am I going to marry this person? If so, it seems like we're on the same page with money. But let's have those deeper conversations. Let's figure out what this could begin to shape up as. Assuming we are all on the same page with, with money and all the, you know, the big things that people should be on the same page about before they get married. I think it's money, religion, kids, things like that. But again, you're crushing it. And maybe relationally is not the next step. Maybe you want to go start house hacking, right? We talk about that all the time. 5% down Fannie Mae mortgage is a wonderful way to start doing that. Now is the time to start saying, okay, if I make some specific decisions over the next five, 10, 15 years, I can retire very wealthy. What are those decisions and how do I actually stick to it? If you are someone who invests consistently, building wealth is inevitable. Be intentional with your money, Ryan Day. You're going to be just fine, my friend. Our next question comes from Lauren M. Lauren says. Hey guys, been listening to the podcast for a while now as it's one of my go tos. I had a question that I think I would only trust you guys to answer honestly. I've been seeing a lot of people on Instagram talk about how now is the time to sell our stocks because a recession is looming. I have certainly noticed my stock soaring lately and I feel as if things might be inflated and a correction could be coming, but I don't know, obviously. So how do I do this correctly? So if I do take profits, I don't take off too much and miss, miss out on growth that could still be happening. I also have some capital to buy when prices are low. Again, I'm not one to follow advice, especially financial advice from people on Instagram, but it's something I've been thinking about a lot lately. This is a good question, Robert. I, I think it's pretty timely. So let's, let's dig in. Yeah, are, are prices inflated right now? So let's just make sure we're all on the same page. The stock market, the s and P500, the NASDAQ 100. Right. This is a list of the 500 largest, most profitable companies in the United states and the 100 largest companies listed on the NASDAQ the stock market, specifically these index funds. The value of the stock market goes up when profits go up. Makes sense during a recession, right? Consumers aren't spending, money isn't flowing, profits go down, stock market goes down. The stock market and the economy aren't the same thing, but they tend to impact one another pretty dramatically. So what are we seeing right now? Now to your point? Yes, we are seeing the economy slow down. We're seeing unemployment tick a little bit higher. We're seeing consumer confidence go down. I think we just had Caleb Silver to explain this to us recently here a couple weeks ago when he was on our Friday episode talking about how, you know, 50% of spending is coming from the top 10% earners, which is crazy to think about. So to your point, yes, parts of the economy are slowing down and we, we've seen this happen. It, it's, it's mile away. We've seen this happen. However, however, the opposite is true. Right now for the stock market, we're seeing the Magnificent seven or the top ten companies deliver blowout quarterly earnings recently. Right? We just heard from Meta and Google just had their first hundred billion dollar of, of quarterly revenue. Amazon, their operating income increased by 30%. You know, we just heard from all of these names how great the company is doing. And so let's be clear, there's a difference between how the economy's doing and how the stock market's doing at the moment. In my humble opinion, the stock market is doing so well because of this AI infrastructure kind of boom that we're experiencing, right? This AI productivity boom. I like to think about it. And when you pair that with lower interest rates, potential quantitative easing, China trade deal talks that are agreed upon, the government reopens eventually, right? A lot of things have, we have some tailwinds that can continue to push the markets higher. That does not mean that there are not bubbles inside specific sectors of the market. However, in my opinion, the entire s and P500 at the moment is not in a bubble. The entire NASDAQ 100 at the moment is not in a bubble. Again, there are bubbles in sectors of the markets, right? Very highly speculative sectors. But to your point of like specific stocks and how to sort of take profits and diversify your portfolio, it's a great idea. It all depends on the stock and why you open the position. If you bought this stock stock with the intention of, hey, I speculate that this company is going to do really well in the next 18 months as this specific secular growth trend plays out. And fast forward 18 months you were right. You're up 100% or even more. And you're just like, this is so cool. Yeah, take those profits, redistribute them back into your portfolio. In the ETFs and index funds we talk about, don't forget core satellite portfolio strategy. 65 to 85% of your portfolio is in the core section. These are ETFs, index funds and other blue chip names. The 15 to 35% of your portfolio that's left is in the satellite section. This is the diversification section of your portfolio into different asset classes like cryptocurrency, real estate, precious metals, alternative assets, speculative single stocks. Right. That's the smaller portion of your portfolio. So if something in that portion of your portfolio does really well, take some profits and redistribute that money back into the core section of your portfolio. Lauren, I hope this helps.

B (30:55)

I think you great breakdown, Austin. And Lauren, the only thing I'll add is listen to your gut. You're having a gut check moment. You're going, wow, I'm making all this money, all these stocks are up. But all the bears are saying we're heading into a recession, we're going to have this big blow off and you know, markets are going to go down. Nobody has that answer. We can make assumptions and yes, there are some bubbles in the economy and in the markets in any of these secular growth trends we talk about. But I think what Austin alluded to is perfect dollar cost average in take profits over time, especially when you have outsized positions and you will do just fine. And on top of that, the only thing I would add is diversification is your friend. Don't be full risk on just in AI or just in crypto or anything like that. Be spread across all of the sectors we talk about because they don't generally all go down at the same time if there is a larger correction.

C (31:50)

And some kind of advice I've got to share as well is personally, when a position of my portfolio, a single stock, speculative or not, makes up more than 3, 5, 6% of my portfolio, I'm kind of overexposed, right? I've got 5% of my portfolio in a single name. What if that name pulls a meta and goes down by 11%? Right? It's like, it's like things can happen that could negatively impact the total return of my portfolio. So I just, once it gets to the 3, 5, 6, 7% range, I like to take some profits and redistribute. But again, that's just a me thing. Now our last question comes from James E. James says, hey guys, I followed your advice and I moved 50,000 that was in my 401k out of a target date fund and into a large cap value, large cap index funds and large cap growth. I just did a 33% split across all three of these. Was this a good move? Should I put it all just in an index fund? Do I need the large cap value and the growth? I hope you guys can answer this. Thank you for all your wisdom on the the show. Robert, I'll let you answer the question.

B (32:50)

Yeah, I like it. I don't want to see anyone that is in, you know, target date funds. I don't think there's a real reason for it because they don't perform as well as the things we talk about on a daily basis. So I like this idea of splitting it up across those three indices and I think that's a wonderful next step for you to earn more over time and give yourself more exposure through multiple indexes. So I like it. But Austin, I'd like to hear your take on it as well. I think it's a great strategy, especially with value index and growth. But just what are your thoughts?

C (33:24)

Yeah, I think it's great. I'm here for it, right? Having your 401k which is supposed to be money that's going to grow for you over a long period of time invested into large cap value growth and other index funds. I'm, I'm totally here for it. We all know the stock market doubles every seven years. Your 50,000 in seven years from now be a hundred in seven years from then. So 14 years from now will be 200 and then 400, then 800 and just continue to double over your life. I think that's a much smarter approach approach than having this money invested into target date funds that might be underperforming because they're invested into some weird stuff, have high fees and just really weird structures. If you are getting closer to retirement and you want to start to go risk off, then I think you should consult with a financial advisor that's going to help you do that. But I still think doing that sort of consultation with a financial advisor is a better move than getting stuck in a tough target date fund.

B (34:20)

Yeah, I agree 100%. Target date funds just don't adapt. Austin and I talk all the time about active management of your money. Your money should never be in a set it and forget it situation in my opinion. And so target date funds don't change with the times whether it's Covid a war, a government shutdown, it's just set it and Forget it for 30 years and hope and they just generally underperform. So I like what you did and anyone that has target date funds, make sure you know what you're invested into and you might want to make some adjustments yourself.

C (34:52)

Everybody, thanks so much for tuning into this week's episode of the Rich Habits Podcast. Don't forget, go find those low to no friction side hustles that can help you earn 250, 500, a thousand, 2,000amonth and change your family, change your entire financial trajectory, change everything that you're building. You can do this. We just gave you five wonderful ideas, a ton of different examples, a ton of resources to help you move in the right direction. We're rooting for you. If you have a question for a future episode, DM us on Instagram at Rich Habits Podcast or email us at rich habits podcastmail.com don't forget to subscribe to the Rich Habits newsletter and join 60,000 other podcast listeners who read our newsletter every Thursday morning about the markets, headlines and all the fun stuff that we think you guys should know. And of course, please consider giving the Rich Habits Network a try. We're running a seven day free trial right now. Over 800 people are inside of the Rich Habits Network. Every Tuesday night. Robert and I sit just like this on a zoom call, talk to hundreds of you in real time, answer your questions in real time, open up the playbook for our own portfolios and what we're doing with our money, as well as invite you to invest alongside of us into some really cool opportunities.

B (36:04)

So again, thank you all for joining us each and every week and supporting the show, the newsletter and the network. And we'll see you next time.

C (36:36)

And Doug, here we have the Limu.

B (36:38)

Emu in its natural habitat, helping people.

C (36:41)

Customize their car insurance and save hundreds with Liberty More Mutual Fascinating.

B (36:48)

It's accompanied by his natural ally, Doug.

A (36:52)

Limu Is that guy with the binoculars watching us?

B (36:54)

Cut the camera.

C (36:55)

They see us. Only pay for what you need@liberty mutual.com Liberty Liberty Liberty Liberty Savings Very underwritten by Liberty Mutual Insurance Company Affiliates excludes.

A (37:03)

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