8 Best Investments (2024)

Summary

The video discusses eight top investment strategies for 2024 to maximize returns. The host, Jeff Rose from Wealth Hacker Lab, highlights paying off debt, investing in the stock market through strategies like dollar-cost averaging and dividend Aristocrats, finding high-yield savings accounts, real estate opportunities, and Bitcoin. He also emphasizes the importance of investing in your health and education, starting side hustles, and creating digital products. Jeff aims to help both new and experienced investors navigate uncertain economic times by diversifying their portfolios and investing wisely.

Takeaways

• 📉 Start with paying off debt: Total household debt in the US is over $17.2 trillion, and paying off high-interest debt is crucial before investing.
• 📊 Stock market investment: Dollar cost averaging is a safer strategy to invest in stocks without worrying about timing the market.
• 💰 Dividend Aristocrats: These are reliable dividend-paying stocks that have increased dividends for 25+ years, providing both growth and passive income.
• 🏦 High-yield savings accounts: Find accounts that pay over 5%, as many standard banks offer much lower returns, often less than 1%.
• 🏘️ Real estate investment: Real estate is a proven wealth builder, and crowdfunding platforms like Fundrise offer an entry point without direct property ownership.
• 💻 Bitcoin: Despite volatility, Bitcoin showed a 155% return in 2023, and new Bitcoin ETFs offer safer ways to invest without relying on exchanges.
• 🏋️‍♂️ Health investment: Physical and mental well-being are essential for long-term success; therapy, exercise, and healthy eating are valuable investments.
• 🎓 Invest in yourself: Whether through education, certifications, or mentorship, investing in self-improvement accelerates personal growth and success.
• 💼 Side hustle: Creating a digital product or starting a content-based business (YouTube, blog, etc.) can generate passive income over time.
• 🚀 Automation and digital products: 2024 is ideal for creating scalable digital products using tools like Canva, system.io, and AI tools like ChatGPT.

Q & A

What is the first investment strategy mentioned in the video?

The first investment strategy is paying off your debt. This is considered a guaranteed rate of return since it helps to eliminate high-interest payments, allowing your money to work for you more effectively.

Why is paying off debt considered a crucial investment?

Paying off debt is crucial because you cannot effectively invest and grow your wealth if you are drowning in debt, especially with high-interest debt like credit cards. Having a debt payoff plan is essential to financial stability.

What is dollar cost averaging, and why is it recommended for stock market investments?

Dollar cost averaging is a strategy where you invest a fixed amount of money regularly, regardless of the stock market's highs and lows. It allows you to avoid trying to time the market and helps smooth out the volatility by purchasing at different price points.

What are dividend Aristocrats, and why are they a good investment option?

Dividend Aristocrats are companies that have consistently increased their dividend payments for at least 25 years. They are considered a safer investment because they offer both potential price growth and regular dividend income, making them attractive for investors looking for steady returns.

What does the video suggest about investing in traditional bank savings accounts?

The video suggests that traditional bank savings accounts offer very low interest rates, often below 0.5%. Instead, the recommendation is to look for high-yield savings accounts or certificates of deposit (CDs) that offer rates of 5% or higher to maximize returns on your savings.

What alternative does the video offer for investing in real estate if you don’t want to physically buy properties?

The video suggests using crowdfunding platforms like Fundrise, which allows investors to put a small amount of money into real estate projects without owning physical properties. This offers the benefits of real estate investing without the hassle of managing properties.

Why is Bitcoin still considered an investment option despite the turmoil in the cryptocurrency market in 2023?

Bitcoin is still considered a valuable investment because of its long-term potential. Despite the collapse of major crypto exchanges like FTX and Celsius, Bitcoin itself has shown resilience, and the introduction of Bitcoin ETFs offers a safer way to invest without relying on potentially unstable crypto exchanges.

How does the video emphasize the importance of investing in personal health?

The video highlights that investing in your physical and mental health is critical because without it, financial wealth becomes meaningless. It encourages activities like joining a gym, hiring a personal trainer, or engaging in therapy as part of a holistic approach to well-being.

What are some ways to invest in yourself mentioned in the video?

Some ways to invest in yourself include pursuing higher education (e.g., getting an MBA or certification), hiring a mentor or business coach, and buying courses to accelerate your learning in areas like SEO, social media, or strategic planning.

What is the suggested approach to starting a side hustle in 2024?

The video recommends starting a side hustle that can eventually become an income-producing asset, such as a YouTube channel, blog, podcast, or creating digital products. The goal is to build something that can generate passive income over time.

Outlines

00:00

📅 2023 is Over, Let's Talk 2024 Investments!

The host, Jeff Rose, reflects on the chaotic year of 2023 and the current state of the economy in 2024. He emphasizes that it's a great time to start investing, despite challenges like high mortgage rates and rising debt. This video will cover eight key investment strategies to achieve high returns in 2024.

05:02

💳 1st Investment: Paying Off Debt for a Guaranteed Return

Jeff dives into the importance of paying off debt as the first and most secure investment strategy. With U.S. household debt surpassing $17.2 trillion and credit card debt over $1 trillion, Jeff urges viewers to create a debt payoff plan. He clarifies that it's okay to invest while paying off debt, as long as there's a clear strategy in place.

10:03

📈 2nd Investment: The Stock Market and Dollar-Cost Averaging

The stock market is Jeff’s second investment recommendation. While the S&P 500 has hit an all-time high, he warns against timing the market. He advises using the dollar-cost averaging method to invest gradually. Jeff also suggests considering safer options like dividend-paying stocks, particularly Dividend Aristocrats, which have consistently increased dividends for 25+ years.

15:03

🏦 3rd Investment: High-Yield Savings and CDs

Jeff critiques traditional bank savings accounts for offering low returns, with many major banks paying as little as 0.1%. He recommends seeking high-yield savings accounts or CDs that pay at least 5%. He mentions platforms like Raisin, which help customers find better rates through various banks.

🏘️ 4th Investment: Real Estate – Traditional and Digital

Real estate remains a lucrative investment, with 90% of millionaires having made their wealth from it. Jeff admits he hasn't focused on physical real estate but has invested in digital real estate and platforms like Fundrise, which allow for small investments in commercial and residential properties. Despite a down year in 2023, Jeff still advocates for real estate investment diversification.

💰 5th Investment: Bitcoin's Resilience in 2024

Despite the collapse of major crypto platforms like FTX and Celsius, Jeff still believes in Bitcoin's long-term potential. Bitcoin saw a 155% return in 2023, and new Bitcoin ETFs provide safer ways to invest in the cryptocurrency without using risky exchanges. Jeff shares his own experience of losing money in Celsius but remains optimistic about Bitcoin’s future.

🏋️‍♂️ 6th Investment: Investing in Physical and Mental Health

Jeff stresses that investing in one's health is as important as financial investments. He recounts a cautionary tale about a millionaire who died shortly after retirement due to poor health. Whether through gym memberships, meal prep services, or therapy, Jeff encourages viewers to prioritize both physical and mental well-being.

🎓 7th Investment: Investing in Yourself Through Education and Mentorship

Jeff explains the importance of self-investment through education, certifications, or mentorship. He highlights the value of credentials like the Certified Financial Planner (CFP) certification and recommends hiring mentors or buying online courses to accelerate learning. Jeff emphasizes that learning from others' experiences can prevent costly mistakes.

💼 8th Investment: Building a Side Hustle and Digital Products

Jeff’s final recommendation is to create a side hustle, but not through gig jobs like Uber. Instead, he advocates for building income-generating assets like YouTube channels, blogs, or digital products. He explains the benefits of digital products, which can be automated and scaled. Jeff provides a free guide for starting a digital product business to help viewers get started.

Keywords

💡Debt Payoff Plan

A debt payoff plan involves creating a strategy to manage and eliminate personal debt. In the video, the speaker emphasizes the importance of having such a plan before or alongside investing. This plan ensures that the individual is aware of their debt, the interest rates involved, and a timeline for repayment. It's positioned as the first key step to achieving financial stability and the ability to invest successfully.

💡Stock Market

The stock market refers to the various exchanges where stocks (shares of companies) are traded. The speaker discusses the stock market as one of the primary investment strategies for 2024, noting that while the S&P 500 hit an all-time high, there are risks in investing at market highs. To mitigate this, he suggests using dollar-cost averaging or investing in dividend-paying stocks like the Dividend Aristocrats.

💡Dollar-Cost Averaging

Dollar-cost averaging is an investment strategy where an individual regularly invests a fixed amount of money, regardless of the market price. This helps mitigate the risk of investing a large sum at a market high. In the video, the speaker suggests this approach as a way to avoid the difficulty of timing the market and to gradually build investments in the stock market.

💡Dividend Aristocrats

Dividend Aristocrats are a group of companies within the S&P 500 that have consistently increased their dividends for at least 25 consecutive years. The speaker highlights these stocks as a safer investment option compared to high-growth, high-tech stocks. By investing in Dividend Aristocrats, investors can gain both price growth and regular dividend payments, making them a more stable option.

💡High-Yield Savings Account

A high-yield savings account offers a higher interest rate than a traditional savings account, allowing individuals to earn more on their deposits. The speaker compares the low national savings rates with those offered by high-yield accounts, suggesting that investors should look for accounts paying 4-5% or more. He recommends platforms like Raisin for finding better rates.

💡Real Estate Investment

Real estate investment refers to purchasing property to generate income or capital appreciation. The video explains that 90% of millionaires achieved wealth through real estate. The speaker acknowledges that while he personally hasn’t invested heavily in physical real estate, platforms like Fundrise allow for accessible investments in commercial real estate without the need for direct property ownership.

💡Bitcoin

Bitcoin is a decentralized digital currency that has seen significant volatility but remains a popular investment option. The speaker discusses the ups and downs of Bitcoin in 2023, including the collapse of major crypto exchanges like FTX and Celsius. Despite losses, the speaker remains optimistic about Bitcoin’s long-term potential, especially with the introduction of Bitcoin ETFs, making it a notable investment in 2024.

💡Bitcoin ETFs

Bitcoin ETFs are exchange-traded funds that track the price of Bitcoin, allowing investors to gain exposure to Bitcoin without having to directly buy or store the cryptocurrency. The speaker highlights these ETFs as a safer alternative to investing directly through crypto exchanges, which have proven to be risky due to several high-profile failures in 2023.

💡Investing in Health

Investing in health refers to prioritizing physical and mental well-being as a long-term investment. The speaker underscores the importance of taking care of oneself through activities like exercising, eating healthy, and seeking therapy. He shares the story of a client who became a millionaire only to pass away shortly after, reinforcing the idea that wealth is meaningless without health.

💡Side Hustle

A side hustle is a secondary job or business that someone engages in outside their primary job to generate additional income. The speaker advocates for starting a side hustle that can eventually become an income-producing asset, such as a YouTube channel, blog, or digital product. He explains that with the right tools and strategies, a side hustle can evolve into a sustainable source of income.

Highlights

2023 was a crazy year with soaring mortgage rates and housing prices becoming unaffordable.

The first investment strategy for 2024 is paying off debt. The U.S. household debt surpasses $17.2 trillion, making it crucial to have a debt payoff plan.

Investing in the stock market through dollar-cost averaging can reduce the risk of buying at market highs.

Dividend Aristocrats, part of the S&P 500, are reliable stocks that have consistently increased their dividends for over 25 years.

Avoid traditional banks for savings. High-yield savings accounts and CDs should offer at least 5% returns, much higher than most bank offerings.

Real estate is one of the best ways to build wealth, with 90% of millionaires owning property, but digital real estate like Fundrise can be a good alternative for those who prefer not to manage physical properties.

Fundrise allows for investment in commercial and residential real estate through crowdfunding, though it had a rare down year in 2023.

Bitcoin saw a 155% return in 2023, despite setbacks with crypto exchanges like Celsius and BlockFi, and new Bitcoin ETFs are making it easier to invest in crypto without using exchanges.

Investing in your health, both physical and mental, is crucial to maintaining long-term wealth and happiness. Prioritize therapy, fitness, and healthy habits.

Investing in yourself through education or certifications, such as an MBA or specialized training, can significantly elevate your career and earning potential.

Hiring a mentor or joining a high-level mastermind can accelerate your personal and professional growth by learning from others who have already succeeded.

Consider buying courses to fast-track learning new skills instead of piecing together free resources from the internet, which can be time-consuming.

Starting a side hustle that creates an income-producing asset, like a YouTube channel, blog, or podcast, is a key strategy for generating additional revenue.

The most promising side hustle for 2024 is creating digital products, which can be sold repeatedly with minimal ongoing effort.

Automation tools like Canva, System.io, and ChatGPT can help streamline the creation and marketing of digital products, making it easier to scale your business.

Transcripts

wait 2023 is already over what the yes

2024 is here and what does that mean

that means it's as good as time as ever

to start investing in today's video I

want to break down what are the eight

best investments that you can put your

money in 2024 to get the highest return

possible let's find out what those eight

investors are right now what's going on

y'all welcome back to the channel This

Is wealth hacker lab the channel

dedicated to teaching you new ways to

build wealth has not taught you in

schools or by your parents I'm your

grateful host Jeff brose and let's just

say it

2023 was a crazy year that's crazy we

had predictions that the next recession

was coming to completely knock out the

US economy we had mortgage rates soaring

to record highs we've seen the prices of

housing become completely unaffordable

whether you're trying to buy or rent and

Elon Musk is still on Twitter so whether

you are a new investor or you are

experienced I want to share my thoughts

on the eight best ways that you can

invest your money in 2024 so let's go

ahead and get started with number one

number one is a guaranteed rate of

return so as long as you follow through

with it and that is paying off your debt

here's some staggering numbers for you

total household debt in the US surpassed

17.2 trillion the average household has

over

$103,000 of debt what about credit cards

credit cards are over

$1.08 trillion with the average American

having just over 6,300 $100 of credit

card debt I don't know about you but

those numbers make me want to puke like

[Music]

literally in all seriousness the debt

situation is not improving here in the

US so if you have money and you want to

start investing and you want to start

making money or have your money make

money for you you can't do that if

you're drowning in debt let me say this

you don't have to have all your debt

paid off before you start investing the

most important thing is to have a debt

payoff plan no know exactly how much

debt you have what the interest rate

that is on that debt how much interest

that you're paying and then come up with

a plan so that you know how quickly you

can pay it off now if you want to take a

small portion of your money and use that

to invest in the stock market I'm

totally fine with that so long as that

you have once again a debt payoff plan

investment strategy number two is

investing into the stock market now one

of the crazy things that's already

happened here in 2024 is that in the

first 3 weeks we've already seen the S&P

500 hit an alltime high so does that

that mean now is the best time to pump

all your money into the stock market

when it's hit an all-time high don't

they usually say that you want to buy

low sell High not buy high sell low

that's usually how you lose money now

personally I wouldn't feel confident

putting all my money into the stock

market right now but there are a few

different ways that we can get around

this number one is utilizing a strategy

called dollar cost averaging this is a

very simple streamlined way to invest

where you're putting in a small amount

of money each month or each quarter so

that you're not always buying when the

Market's high so as the market starts to

fluctuate a little bit you're buying in

at different prices now you might be

wondering why wouldn't I just wait until

the market drop you could do that but

most people don't have the ability to

actually pull that off because if you

think you're one of those that's going

to time the market where you're going to

get in at the absolute right time it

ain't going to happen dollar cost

averaging allows you to participate in

the market without having to try to time

the market which you're never going to

pull off successfully another way that

you can invest which a little bit more

on the safer size is instead of putting

your money into high growth high tech

stocks you can invest into dividend

paying stocks but not just any dividend

paying stocks what I like are the

dividend Aristocrats ooh Aristocrats

that just sounds so proper the dividend

Aristocrats are a part of the S&P 500

they are 68 stocks that all pay a

dividend but that's not what makes them

attractive it's the fact that they have

continued to pay an increase on that

dividend for the last 25 years so not

only are you getting growth on the price

of the company but you're also getting

that dividend yield on top of that and

as they say that is getting your cake

and eating it too is that what this says

why would I get cake and not eat it like

what's the point of that I like cake now

the cool thing about dividend

Aristocrats that these are a lot of

companies that you've probably heard of

companies like Walgreens 3M AT&T Chevron

IBM as I mentioned the dividend

Aristocrats are already a part of the

S&P 500 so they are part of the 500

largest companies that exists in the US

they're not small cap they're not

startups they're not going to disappear

overnight now the third option that you

can invest to is your bank because your

bank is by far paying you the highest

rate possible yeah right so if you go to

fdic.gov you can see that the national

savings rate right now is 47% and then

the 12 month CD rate is 1.86% and just

out of curiosity I went to my bank which

is US Bank which is a very large Bank

maybe not the largest bank of the US and

currently my bank is paying

0.1% that's right let me check that

again 0.1% on their savings accounts now

chances are if you look at your bank and

what is paying it's probably about the

same so if the national rate is 47 and

my bank is paying 01 what am I missing

or more importantly what are you missing

don't ever assume that your bank is

paying you the highest rate of return

remember the banks are in the business

of making money by loaning out and

lending your money so they have to make

that spread try to find a high yield

savs account that's paying you at least

four if not 5% right now and also if

you're taking out a CD it should be also

paying you at least 5% if you're having

difficulty trying to find the highest

rates whether it be savings accounts

money market rates or CDs check out

raisin formerly known as save better

I've done a video on them I also have a

blog post where I've reviewed them but

what save better basically does is they

broker out different CDs or banking

products to Banks all across the us so

you can open account with save better

and you can get a high yield savings

account you can get a money market

account or CDs whether it be 4 month 12

month no penalty they basically have

everything that you're looking for I did

a quick search on their site and right

now all their savings accounts are

paying 5.3% or higher that's much larger

than the national rate and obviously a

whole lot higher than whatever my bank

is paying and then also they're they

have a 14mon CD right now with Sally May

that's paying

5.4% so once again if your bank is

paying you less than five you need to

find a new bank moving on to number four

number four is real estate there's no

denying you can look at the statistics

all day long 90% of millionaires have

achieved their wealth because they own

some sort of real estate now truth be

told I'm not one of them the only

physical piece of property that I own is

the house that I'm currently living in

I've achieved most of my wealth because

of digital real estate more on that in

one sec but there's no denying how

fruitful real estate is so if you have

the ability to be mentored by somebody

that can show you how to buy rental

properties or flip properties it's

definitely definely worth your time now

if you're one of those that you just

know man that sounds great but that's

not for me and that was the camp that I

fell into I started looking at how do I

actually invest into real estate without

having to leave my house so for me that

was fundrise fundrise is a crowdfunding

real estate platform that allows you to

put in a small amount of money and to

invest into commercial property it could

be rental malls it could be Residential

Properties one of the reasons I've

always found fundrise more attractive

than a Vanguard e ETF or a closed end

mutual fund is because of transparency I

love the fact that I can log into my

fundrise account and I can see actual

properties that I own if you buy an ETF

or a mutual fund that invest into real

estate you never actually get to see the

actual properties now if there's one

Downer about fundrise 2023 wasn't a

great year fundrise is not Invincible in

fact they had their first down year or

the first down year that I've

experienced with them being down around

7% now I started investing with them

back in 2018 and even despite that down

Year my net return that is net of all

fees is more than 7% now is that great

eh is that something that I'm going to

run outside and scream it out to my

neighbors I made

7% probably not but I am a big believer

in diversification and for me I have

peace of mind knowing that I have a

portion of my portfolio that's invested

into real estate whether it be through

fundrise or other private reats on to

number five

moving on to number five and number five

is crazy that I'm even mentioning this

and that is Bitcoin Bitcoin is not

something I talked a lot about in 2023

in fact I just want to put my head in

the sand and just pretend like Bitcoin

didn't exist now if you're wondering why

in case you missed the news there were

several crypto exchanges that blew up

FTX block Celsius Network binance just

to name a few and for me I had a good

chunk of my Bitcoin held in Celsius

Network and also blockfi let me just say

whenever that all went down like I said

earlier literally wanted to

puke I think at its peak I had around

$250 to

$300,000 tied up in both Celsius Network

and also blockfi with majority of that

being in Celsius Network so I truly

thought I lost everything now thank

thankfully I've already had my money

return from blockfi they've already gone

through their bankruptcy proceedings

Celsius network is going through their

process I'm still going to lose some but

thankfully not lose at all so with all

that being said you're probably

wondering why in the world would I still

want to invest into Bitcoin I never

stopped believing in Bitcoin I knew

eventually that some of these players

would be eliminated if you think about

if you believe in the stock market but

you don't want to invest your money with

Merill Lynch or Leman Brothers that's

what happened with all the different

crypto exchanges if you look at the

price of Bitcoin in 2023 it started the

year around

166,000 closed to about 46,000 for a

whopping

155% return now obviously if you bought

Bitcoin over 50,000 then you're still

waiting for it to get back but there are

still several like myself that invested

in Bitcoin when it was below 10,000 so

I'm still doing very well for my

original investment even after losing

what I lost with both Celsius and blocki

and what makes Bitcoin even more

exciting is that recently they have

launch several different Bitcoin ETFs

now I already own one Bitcoin ETF the

pro share strategy which I currently

hold in my M1 finance account which you

can check out that video for more but

the SEC recently approved all these new

Bitcoin ETFs and at the time of this

recording there's over 30 different

Bitcoin ETFs that you can invest your

money into to so if you don't want to

open an account with coinbase or any

other quote unquote crypto exchange that

could go under this is a safer way to

allocate some of your funds into Bitcoin

by buying a Bitcoin

ETF oh my bad we're still doing a video

aren't we number six is investing in

your health whether that be physical or

mental for whatever reason people really

struggle with this they think that

buying gym equipment or a gym membership

or buying healthy food is a sunk cost

but listen if you're not investing into

your well-being then it's really

pointless to invest at all I'm reminded

by a former client of mine that had a

really good family friend who hit

millionaire status in his 60s something

that he had worked his butt off to get

to he worked weekends he worked holidays

he did everything that he could to hit

this coveted millionaire stat fast

forward 2 months into his retirement two

months of becoming the ultimate

millionaire there he died he died of a

heart attack why because he didn't take

care of himself investing into your

health could be joining a gym getting a

gym membership hiring a personal trainer

buying gym equipment that you know that

you're going to use at home maybe that's

hiring a personal chef to cook you

delicious and healthy meals it could

also be a meal prep service that just

saves you tons of time now those are all

physical but you also want to invest

into your mental health now for me one

of the ways I've done that is through

therapy now it's funny that therapy

still has this weak connotation attached

to it as if oh if you need therapy then

you are messed up now I ain't going to

lie like I I'm a little messed up and as

I've learned many of us are messed up

but not because anything that we did

wrong it's just because that our parents

or the people that raised us didn't give

us the tools that we needed to learn and

know how to navigate when life throws

some stuff at us that we're just not

ready to deal with therapy is not for

the weak therapy is for those that want

to become mentally strong number seven

investing in yourself now as we just

talked about investing into your health

whether it be physical or mental that's

also a way of investing into yourself

but another way that you can invest into

yourself is by investing into your

experience by elevating your credentials

by elevating how people perceive you few

ways that you can do that is getting a

degree maybe that's getting an MBA or

getting a doctorate degree or maybe

there's some sort of search C ification

that you can get that can give you some

alphabet soup behind your name one of

the certifications that has completely

changed my life is becoming a cfp

certified financial planner even though

I'm no longer a practicing financial

advisor having those credentials is huge

another way that you can invest into

yourself is accelerating your education

accelerating your knowledge a few ways

that you can do this and this is all

what I have done through my own

experience is that hiring a mentor this

could be a business coach it could be a

coaching program it could be a highlevel

mastermind the whole point here is that

there are other people that have

achieved a level of success that you

look to acquire so if you can pay for

their time and learn through their own

experience their own trials and

tribulations to prevent you from having

to figure it out on your own that is a

huge investment and a well worthwhile

investment of your time and money now

another way that you can do this which

for some reason people just despise this

idea is buying a course and I get it

there's so much free information on the

internet right now whether you're on

YouTube or on Instagram or Tik Tok but

in my own experience whenever I was

trying to learn something and I wanted

to learn it on my own but didn't want to

go out and try to find out the best

resources and try to figure out does

this really make sense does this work I

bought specific courses on whatever

skill that I was trying to learn so for

me that was SEO that was YouTube that

was social media it was strategic

planning like all of of these different

courses that I bought gave me the

framework where I didn't have to try to

create my own template or create my own

framework I just went through the course

went through the steps next thing I know

I'm achieving success a whole lot faster

than me trying to figure out by watching

countless YouTube videos but that

doesn't mean that you shouldn't like And

subscribe to my channel right so want

you go and do that right now number

eight is starting a side Hustle but I'm

not talking about driving for Uber or

instacart or delivering for door no our

goal here is to create eventually an

incom producing asset so what does that

mean so for example if you want to start

a YouTube channel over time and

consistency eventually your YouTube

channel could become an incom producing

asset through ads sponsorships or

affiliate marketing you could do the

same thing by starting a podcast or

starting a blog these are all three

things that I have done personally the

side hustle that I'm most bullish on in

2024 is creating your own digital

product now digital product products

have existed since the beginning of the

internet essentially you're creating

some sort of template worksheet guide

you're creating an asset for yourself

but also an asset for your Target

customer we want to be able to create

something one time and then sell it to

hundreds if not thousands of people what

makes this so attractive especially

right now is because there are so many

tools nowadays that you can use to build

a process and truly systematize your

business whether you're using canvas

system.io you also have chat GP and all

these other tools that just simply

automate the business automate the

systems so that you're not doing all

these mindless activities just draining

your energy and wasting your time now I

have dabbled and had success in all

these different online revenue streams

but there's no doubt to me having your

own digital product is the direction you

want to go if you want to learn more on

how to get started with creating and

selling your first digital product I've

created a free guide that walks you

through it I show you how we created a

sixf figure business utilizing digital

products and in case you don't have any

ideas and don't know where to start

don't worry we got you with this free

guide you'll get access to 70 digital

product ideas just to get your wheel

spinning those creative juices flowing

on how you can get started once again

this is completely free I'll have a link

in the description that you can check

out that free guide to get you started

all right you hope in 2024 is your year

as always this is Jeff Rose reminding

you that it's your money it's your life

and only you can make it awesome until

next time peace