The Outlaw Side Hustle ( Stocks, Day Trading, Passive Income, Retirement)

THE OUTLAW PODCAST  presents a series called THE OUTLAW SIDE HUSTLE

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Welcome to my PODCAST called the OUTLAW PODCAST. After years of doing sports and wrestling the PODCAST has turned to something else. Today I involve much of my own life into the PODCAST. I still love sports and wrestling but times have changed and as a smaller company we are changing as well.

I may still do some sports  or pro wrestling shows but at this time I have turned the PODCAST in a new direction. The podcast is about different things I am passionate about and some things I just feel you will find interesting or educational. The Podcast is based on my REAL LIFE EXPERIENCES and KNOWLEDGE so this may help you in your struggles.

As one of my first projects and series I am doing  THE OUTLAW SIDE HUSTLE.

So you're asking: How are STOCKS a SIDE HUSTLE?

The American Dream is to be finally free to do what we love to do. However life is life and no matter what there are bills to pay. Learning about Stocks and the Stock Market can be a solid SIDE HUSTLE or even a FULL TIME CAREER.

Some of the top millionaires and billionaires have used the stock market to gain the wealth they have.

The first step is to open a STOCK BROKERAGE ACCOUNT. 

You can find companies like Charles Swab, Robinhood, Stash, and other companies that allow you to buy sell and trade stocks. Some banks even offer stock accounts like Citi Bank.

To open a STOCK ACCOUNT you can start with as little as $5 on Stash but most other accounts want a $500 starting balance. 

I use Charles Swab you can link to the web page here: CHARLES SWAB

DAY TRADING:

One way people make money from Stocks is called day trading they buy and sell stocks during the market hours. Making profits from the buying and selling of the stocks all day long. This requires usually $25,0000 in most accounts to start. You will need to research stocks buying stocks at a lower price and selling them at a higher price to make a profit. However some people also lose money doing this.

PASSIVE INCOME:

As you buy stocks  in a company there are many companies that offer what is called DIVIDENDS that you receive for owning the stock. You are an INVESTOR in the COMPANY you choose. You own whatever shares of stock into that company.  The more shares you own the more dividends the stock pays out. You also earn interest on the stocks from the companies. To build what is called PASSIVE INCOME you buy stocks into a company or multiple companies and earn the dividends from that stock. The dividends are usually paid out over quarters during the year, but some companies pay out monthly.

As you buy shares you can also choose to reinvest your dividends into more stocks building your income and value in the stocks. As you build your stocks you earn the dividends that are paid out to you this is called a PASSIVE INCOME.

RETIREMENT:

A STOCK ACCOUNT is definitely one way to build retirement . Many companies offer employees a 401 K retirement account, You usually put a percentage of money in this account and your company may match it. However in these accounts you do not get a choice of stocks to invest in. It is usually the company who chooses the stocks in the 401 K. Some people have lost entire accounts and millions of dollars from companies making bad investments.

However you can open your own 401 K account or 401 ROA account. This way you choose how your money is invested. Money in these accounts stay for many years building more shares , earning interest, and building an account that will pay you the PASSIVE INCOME above in your older years.

This type of account the money can be taken out but often there are penalties, tax issues, and other issues this type of account is meant for the long term.

In a regular stock account you can buy and sell stocks at will and add or remove funds.

In closing the Stock Market can be a SIDE HUSTLE!