Replacing a $100K Salary in ONE YEAR with THIS Online Side Hustle

An online side hustle that replaces your $100K salary in year one!? It sounds like an impossible feat, but today’s guest was able to achieve this by launching an unusual ecommerce business—allowing his wife to quit her job and stay at home with their kids full-time!

Welcome back to another episode of the BiggerPockets Money podcast! Today, we’re chatting with Steve Chou, a serial entrepreneur, ecommerce influencer, and founder of MyWifeQuitHerJob.com. When Steve’s wife became pregnant with their first child, he was faced with the challenge of finding a side hustle that could replace his wife’s 9-5 income. Of course, living in Silicon Valley isn’t cheap, and replacing a $100K salary is much easier said than done. Despite these hurdles, Steve was able to turn one brilliant idea into a profitable business that has managed to grow every year since 2007.

If you’ve always wanted to start your own side hustle but are unsure where to begin, this episode is for aspiring entrepreneurs like you! Tune in to hear Steve share about the humble beginnings of his handkerchief side hustle, how to find ecommerce success in 2023, and achieving financial freedom without burning out. As always, Mindy and Scott bring their own financial expertise to the table and deliver some timely wisdom!

Episode #420

Show Notes at:
https://www.biggerpockets.com/blog/money-420?utm_source=youtube&utm_medium=description&utm_campaign=none
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00:00 Intro

01:39 Money Moment

04:14 Bumblebee Linens

09:15 Starting an Ecommerce Business

19:33 Protecting Your IP

24:03 How to Get Online Reviews

29:44 Managing Ego and Burnout

36:38 Longevity in Business

39:34 Arriving at “Enough"

41:48 Connect with Steve!