Ryan Hogue on creating successful passive income stream or side hustle [Video]

In 2016, I was working two jobs as a senior web developer and an adjunct professor. On the side, to help me get by, I was a freelance web developer. I knew almost nothing about business.

Today, I’ve built more than 10 passive income streams, including multiple e-commerce brands, a YouTube channel and an online school. Combined, these businesses bring in about $49,000 a month in passive income. I’ve learned a lot about how to create a profitable company.

I always tell people that if they want to build successful side hustles and passive income streams, they need to stop believing these three myths:

This is a common piece of business advice. If you want to open a retail store, for example, your expenses would include monthly rent, purchasing goods — to stock shelves and then re-sell to customers — and employee wages. That’s a traditional way of …