The 4-Minute Workweek

The lowest paid UFC fighter earns about $10,000 per fight. If this fighter fights four times per year, which is a lot, they earn $40,000.

Meanwhile, the lowest paid NFL rookie earns $795,000 per year.

Where you apply your talents matters.

Which leads to an article I recently saw on Forbes, titled “30 Side Hustle Ideas To Make Extra Money In 2024.”

The “side hustles” suggested include all the usual suspects like freelance writing, blogging, and — my personal favorite — becoming a viral social media celebrity.

Here’s the thing…

Most of these activities are an enormous waste of time and you’d be better off getting a part-time job.

Blogging / Substack / YouTube requires herculean amounts of upfront effort. And, there’s no guarantee that you’ll ever make a cent from all your hard work.

Likewise, freelancing requires you to spend huge amounts of time on client acquisition. And, you’re only paid per project.

Hardly a source of consistent, or passive, income.

In a world where the Walmart in rural Iowa pays $22 per hour, there’s no reason to run the treadmill of “side hustles” that pay below the poverty line.