GH: How to Replace Your Salary by Buying Mini Businesses

Stacy Caprio was desperate to leave her day job. She ended up doing just that after acquiring – and improving – a portfolio of mini online businesses. In her case, these were websites that make money from advertising. Now, this asset class can be risky, and Stacy is open about her early failures. But if you have some online skills, (or management skills to bring people in if you don’t want to run the site yourself) this can be a fast-track to the cash flow you need to fund your lifestyle. Since websites often sell for 20x monthly earnings, they’re perhaps 10-15x “cheaper” than if you were to rely solely on traditional investments and a 4% withdrawal rate. Sound like the kind of investment that suits your lifestyle? Tune in to episode 323 to hear where Stacy finds these businesses to buy, her unique filtering criteria, and a few quick ways she’s been able to accelerate the cash flow of her portfolio for even better returns. Full Show Notes: How to Replace Your Salary by Buying Mini Businesses New to the Show? Get your personalized money-making playlist here! Sponsors: Gusto – Get 3 months free when you run your first payroll! Factor — Get 50% off America’s #1 ready-to-eat meal delivery service w/ code sidehustle50! Kababi — Start your 30-day free trial today!