👨‍💻Side Hustle > All-in Now

Yes. This is the CityChad, your money and lifestyle oracle, helping you decipher the mysteries of your bank statements. Let’s get rollin’!

In this week’s edition:

• Markets: Up we go (except China)

• Article: 👨‍💻Side Hustle > All-in Now

• News: MiCA becomes law in Europe. What is this?

• Power Move: $10m+ for a domain

• Chadette of the Week: Codie Sanchez

MARKET REVIEW

Global markets were up this week, as our favourite finance soap opera draws to a close.

Yes, the debt ceiling will be raised in the US, and they will avoid default.

Tech stocks continued to outperform the broader market, following Nvidia great results last week.

On a less positive note, China continues to spook investors, on the back of a sluggish economy. 

This is something to watch out for, as it could have a big impact on the global economy.

👨‍💻SIDE HUSTLE > ALL-IN NOW

TLDR: In just four dedicated hours each weekend, you can unlock your entrepreneurial potential and maybe create a lucrative stream of income, without giving it all up. Chad is here to guide you on this exhilarating journey. The most important step is to START.

• Side Hustles are the best way to Get Started

• Force you to validate even faster

• Adds Diversification (we love that)

• Low risk, high reward. Don’t quit your job just yet.

• Grow and push yourself out of your comfort zone

Ah, the 9 to 5 grind – a familiar routine that provides stability but almost always leaves us yearning for more.

Are you in that camp?

Chad is here to unveil the hidden gem that can transform your life without bidding farewell to your day job: the weekend side hustle.

Trust me, most of my projects started as side hustles. Damn, even Facebook started as a side hustle.

So now, we’ll explore five compelling reasons why investing just four hours each weekend into a side hustle can be the game-changer you've been searching for.

Buckle up, hustlers, because we're about to embark on an entrepreneurial adventure!

1. ACCELERATE IDEA VALIDATION: SINK OR SWIM FASTER

I’ve seen it time and again.

People are afraid to launch, and spend more time planning and overthinking rather than finding out if their idea is any good.

Within the time constraints of a 4-hour weekend commitment, the side hustle becomes an incubator for accelerated idea validation.

It forces you to make critical decisions, adapt swiftly, and iterate rapidly.

Embrace the urgency and resourcefulness required to refine your business idea and align it with market needs.

Sink or swim faster, avoiding the pitfalls of prolonged planning and unleashing your entrepreneurial potential.

Live and Breathe “The Lean Startup” mentality, baby!

2. DIVERSIFY YOUR INCOME STREAMS WITHOUT RISKING IT ALL

As any Chad knows, diversification in income streams is critical, not just for freeing yourself from “the man”, but for peace of mind.

On top of passive investing, adding a side-hustle to your arsenal, can not only make you rich (if you’re very successful), but could at the very least provide some protection from the damage of losing other income sources (typically your job).

The best part is that you can do it without having to quit your job.

In fact, that’s how you should do it, I’d say.

Adding the stress of making rent this month from the income of a new project, is not really sound planning. It doesn’t make you brave, just kinda irresponsible.

3. EXPAND YOUR NETWORK AND SEIZE OPPORTUNITIES

In the realm of side hustles, networking is the fuel that propels you forward.

By investing four hours each weekend, you open doors to new connections, collaborations, and opportunities.

Attend industry events, engage with like-minded individuals, and immerse yourself in online communities.

Building a strong network not only amplifies your visibility but also creates a support system of fellow hustlers who inspire, motivate, and empower you along your journey.

You don’t know what you don’t know, so go and find out. You’ll be surprised at what you may learn.

4. UNLOCK FINANCIAL AND LIFESTYLE FREEDOM

Imagine a life where financial independence and lifestyle freedom go hand in hand.

The side hustle may hold the key.

By diversifying your income, pursuing your passions, and investing in personal growth, you pave the way toward a life of abundance.

Whether it's paying off debts, achieving work-life balance, or pursuing your wildest dreams, the side hustle empowers you to create the life you desire without putting it all on the line at once.

5. PURSUE YOUR PASSION AND IGNITE PERSONAL GROWTH

Life is too short to be confined to a single job that may not fulfil your deepest desires.

A side hustle allows you to pursue your passion and transform it into a fulfilling venture.

Whether you have a knack for real-estate, writing, or just building cool stuff, investing those precious four hours each weekend can reignite your creative spark and give purpose to your endeavours.

But never forget, what you’re passionate about, has to be something that can be lucrative too and that other people want and they are willing to pay for.

If you just turn your hobby into a job, you may just hate your hobby and make no money.

Not a good outcome.

Be thoughtful about it. How do you go about this?

Well, keep reading CityChad, as we’ll cover this in another edition.

FINAL THOUGHTS

In a world brimming with possibilities, the side hustle offers an extraordinary avenue for growth, fulfilment, and financial freedom.

By dedicating just four hours each weekend, you can accelerate idea validation, diversify your income, pursue your passions, expand your network, and unlock a life of abundance.

Remember, the path of the side hustler is not about abandoning your 9 to 5 job but about enriching your life, igniting your passion, and creating a more prosperous future.

Embrace the power of the 4-hour weekend investment, and let your side hustle journey begin.

But you know what, is the most important thing?

To actually get started.

So let us know if you are taking the first step this weekend, we’ll be here waiting with a cool beer.

NEWS: MiCA IS NOW LAW IN EUROPE

If there is something the EU loves to do, is to regulate and create new laws.

EU officials in fact seem to pride themselves on Europe not being a place for innovation but for leading in global regulation.

Not sure how many regulation billionaires you know, but please let me know if they exist.

In any case, the EU has this week finally signed into law the Markets in Crypto Assets (MiCA) regulation.

This law is intended for regulating and harmonising the cryptocurrency market within the European Union (EU).

The primary objective of the MiCA law is to establish a comprehensive regulatory framework for crypto-assets, including cryptocurrencies, stablecoins, and utility tokens, in order to enhance investor protection and promote market integrity.

Some of the most controversial aspects include the strict regulation of Stablecoins, requirements for authorisation to provide crypto services, the potential regulation of DeFi, the cost of compliance, etc.

Time will tell how well this works out.

What do you think of the Eurocrats' attempts at regulation and consumer protection?

POWER MOVE: $10M+ FOR A DOMAIN

Do you have over $10 million to buy a web domain?

Not a website, not a business, just a domain.

Well that is what billionaire Dharmesh Shah spent on acquiring chat.com a few weeks ago.

The news may be old, but man, it’s worth talking about with all that is going on in the world of Generative AI.

Why did he do it and what does it have to do with AI?

In a nutshell, Dharmesh is adamant that Chat based UX (user experience) is the next big thing in software.

We can see it now with the meteoric rise of ChatGPT (the fastest service in history to acquire over a 100 million active users).

Darmesh must be onto something, most likely.

But what we have no doubt is that this was a total Power Move.

CHADETTE OF THE WEEK: CODIE SANCHEZ

We proudly present Codie Sanchez as our distinguished (and first) Chadette of the Week.

A force to be reckoned with in the world of entrepreneurship and finance, Codie has made a name for herself through her strategic investments and an innovative approach to business.

She regularly produces amazing content for aspiring entrepreneurs, which you should definitely check out on her YouTube channel.

What makes her so interesting to us, is that Codie started her career as many of you, with your regular job.

First as a journalist, then an investment analyst.

But she took steps to morph into a total killer in the world of entrepreneurship and investing, using her previous experience as a stepping stone to become even more successful.

Furthermore, she’s not your typical Tech entrepreneur.

She certainly knows a lot about tech, but does not shy away from investing and growing more traditional businesses (similar to Nick Huber, last week’s Chad of the week).

In fact, Codie's investment prowess spans across various industries, including disruptive technologies, real estate, and emerging markets.

Codie's investment portfolio reflects her forward-thinking mindset and bold entrepreneurial spirit, something that can only come from a real Chadette.

OUR TWITTER

If you're not following us on Twitter yet, you're missing out on some fire content.

We've got news and insights on investing, finance, and technology. Also, we would love to interact with our followers and answer any questions you might have. So come on and give us a follow!

DISCLAIMER

The material on this email and our website is for informational and entertainment purposes only and we make no guarantees as to the accuracy or completeness of its content – it is subject to change. Please conduct your own due diligence and research.

None of this information is financial advice, and you should consult your financial advisor before making any investment decisions. Your capital is at risk and you may lose more than you initially invested. We do not provide any offer or solicitation to buy or sell any investment products, nor does this constitute an offer to provide investment advisory services.

The Chad index (“the index”) is a combination of historical returns for the following:

Equities: Vanguard FTSE All-World UCITS ETF USD Acc
Fixed Income: iShares Core Gl Aggregate Bd UCITS ETF USD Hgd Acc
Real Estate: iShares Developed Markets Property Yield UCITS ETF USD (Acc)
Gold: Gold Bullion Securities Limited
Ethereum
Bitcoin

The index is rebalanced quarterly to the target weights shown in the table. The target weights are subject to change. The index does not represent the performance of a real portfolio and does not imply a recommendation to invest in any financial products. Past performance is not an indication of future performance.