Ramsey Show Reacts To Easy Income Ideas From TikTok
In a recent episode of the Ramsey Show, Dave Ramsey and George Camel discussed the concept of easy income ideas that have been circulating on TikTok. They watched a video that promised quick riches and passive income, but Ramsey expressed skepticism about the notion of making money without putting in any work. He referred to it as "mailbox money" and criticised the idea.
To counter the misleading information, Ramsey and Camel shared legitimate side hustle ideas that could provide individuals with a chance to earn extra income. They emphasized the importance of active income, where individuals actively do something to earn money.
Here are some of the side hustle ideas they discussed:
Vending machine business: Starting a vending machine business with just two machines can potentially earn you up to $1,000 per month. You can find vending machines on platforms like Facebook or OfferUp.
Lead generation business: By starting a lead generation business, every time someone fills out a form on your website, you can earn anywhere between 1,500. Some people are making thousands of dollars per day doing this.
Couch flipping business: Look for cheap or free couches on platforms like Craigslist, OfferUp, or Facebook Marketplace, and resell them for a profit. You can sell each couch for anywhere between 600.
Selling digital planners on Etsy: Create digital planners for free using sites like Canva and sell them on Etsy. One person mentioned in the video has sold over 60,000 digital planners for 680,000 in business.
The hosts also shared additional legitimate side hustle ideas, such as delivering groceries, tutoring, dog walking and pet sitting, and task services for homeowners.
Ramsey and Camel emphasized the importance of considering the time, talent, and target involved when choosing a side hustle. They suggested starting with the available time, determining the skills or talents that could be monetized, and setting a target for the additional income.
While the video on TikTok promised easy and passive income, Ramsey and Camel reminded their audience that true passive income is often the result of significant work and effort. They also emphasized the need to focus on active income and the fulfillment that comes from actively working and earning money.
- Ramsey Show
- Easy income ideas
- Passive income
- Side hustle ideas
- Vending machine business
- Lead generation business
- Couch flipping business
- Selling digital planners
- Delivering groceries
- Dog walking and pet sitting
- Task services
- Time, talent, and target
Q: What were Dave Ramsey's thoughts on the concept of passive income?
A: Ramsey expressed skepticism about the idea of passive income, referring to it as "mailbox money" and criticizing the notion of making money without putting in any work.
Q: What were some of the legitimate side hustle ideas mentioned by Ramsey and Camel?
A: Some of the side hustle ideas discussed were starting a vending machine business, creating a lead generation business, flipping couches for profit, selling digital planners on Etsy, delivering groceries, tutoring, pet sitting and dog walking, and offering task services for homeowners.
Q: What factors did Ramsey and Camel suggest considering when choosing a side hustle?
A: They recommended considering the time available, the skills or talents that could be monetized, and setting a target for the additional income. They emphasized the importance of active income and actively working to earn money.