The Truth About Side Hustles

The Truth About Side Hustles

There's an invisible economy cooking. Almost half of Americans earned side hustle money this past year, and most of them are still trading time for dollars.

In this episode, Mikey Taylor and Michael Michalov break down the ladder from side hustle to business and the three levels of making money, and why people never get past level one. You'll learn when the IRS technically considers you a business (it's a lower number than you may think), how to set up your entity without overcomplicating it, when to consider your first hire, and how to potentially build a company that pays you even when you step away.

They also get into the AI question everyone's asking: do you even need employees anymore and what's the single best money opportunity on the table right now?

What we cover:

  • The real numbers behind the side hustle boom (27%–47% of Americans)

  • Hustle vs. Business vs. Asset — and how to graduate between them

  • The $400 threshold that makes you a business in the eyes of the IRS

  • Sole prop vs. LLC vs. S-Corp — and what it actually costs per year

  • The 70% rule for your first hire and the 60% rule for building systems

  • Why an AI integrator might be the best business to start today


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Avsnitt(104)

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