Daniel X. Bustamante, Co-Founder and Lead Coach

In the past 4-6 years, we’ve seen an incredible shift in the way the world is connected and works, partly due, to technology. Many times we can learn a subject better from someone on YouTube in the Midwest than a Yale professor can teach it. For better, or worse, technology is changing how we all learn, interact and create careers. In this blog post I am going to discuss the concept that is ever more popular; “Side Hustle”

I’ve been obsessed with business since I was a kid selling baseball cards, lemonade and fruit to anyone and everyone in the neighborhood who would buy it from me. That same entrepreneurial passion drove me to become one of Charles Schwab’s youngest hires at the age of twenty and brought me here, with you all, today.

Like many of you, I am always looking for more income streams or, side hustles, to increase cash flow. I read an article a while ago that said most millionaires have 7 income streams.

Now, I am not saying that is the right way or the only way, however, the idea of having a few revenue generating streams of cash flow never hurt anyone. Whether or not that makes one a millionaire or not doesn’t really matter in my book; however, the idea of passive income coming in does matter.

I gave a short presentation in a webinar recently discussing this very idea; Trading as a side hustle. One of the things I compared it to was the idea of Shopify and other ‘gig economy’ jobs such as:

  • Food Delivery (think postmates)
  • Making money on Fiver
  • Part-time jobs
  • Uber

All of them are viable ideas and even one 25-year-old made $150,000 working on Fiver.com, which is cool.

Now the other ideas, and even Fiver, a little, have a ‘Time Value of Money’ cost. What I mean by that is simple:

The amount of time that is required for you to create a return.

Anyone can slice bread, it’s how efficiently you slice that bread that makes all the difference.

So that brings me to the idea of trading options as a side hustle.

Options Trading as a Side Hustle

I try to be as objective as I can when I look at ideas for cash flow or passive income in my life. And yes, while I trade options and teach them one may think there is a bias here, however, I assure you there is not.

Options present a way for anyone, anywhere in the world, to create an income stream that does not require:

  • Employees
  • Overhead
  • Insurance for the business
  • Customers
  • A Marketing Team
  • A Product to Sell (think having to find one for Shopify)

Literally, the markets have created products for you already in the options chains that are readily available to anyone. You don’t need to hire a marketing team or design a logo or even a website. You don’t have to source a product to sell and worry about manufacturing. Plus, for many this is a big one, you don’t have to worry about employees or insurance, or customers.

No.

It’s just you, the computer and the markets. And the best part is that the capital cost to begin, compared to other ventures, is relatively low. I have long since been an advocate of growing a small options account.

Now I will say this. Most people in business look for ways to have the business to allow their creative side show. Options trading is not that. It can be very boring and many times not that creative. That is fine. Let it be. The sole purpose here is to make another stream of income with a side hustle.

The sad part, for many, is that trading is really a hobby and not a proper business. However, when done correctly it can allow you to focus on this 1-2 hours a day to create a side hustle that is low in capital cost and respects the value of your time.

I hope to write more about passive income and cash flow in upcoming blogs so please stay tuned and email with any ideas you want to discuss.

Thanks for reading.


Daniel X. Bustamante

[email protected]