Mindset, Grit & Failure
How can a side hustle save me money on taxes?
Answered independently in 1 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01Roughly 45% of working Americans now have a side hustle, and one in five owns a rental property in some form — Mark calls that 1099 income a "golden ticket" for tax savings. source →
02Treat a side hustle, Etsy/eBay 1099 or rental property like a real business — with books, tax deposits and reinvested profit — so the profit can be redeployed into assets. source →
In their words
What was actually said
Save some taxes right off the rot of and I love that bread and butter stuff There's no mystery It's not like there's this secret thing like mark out-of-way save tax It's just doing the basics and knowing it understanding it own in it And there's no sexy secret there except that you really can build wealth that you maybe never imagined with just those simple base hits It's not about getting rich quick.
The episodes