Investing Latina 104 with Jully-Alma Taveras

 Investing Latina 104 : Diversifying income and investments with Investing Latina, Jully-Alma Taveras

Summarizing these in the action notes with all other sessions from Jully  

Streams of income

Passion and Side Hustle

Leveraging your access

Building your brand


Active :

Salary

Commission 

Consultation

Business


Passive:

Rental

Residual

Royalties

Affiliate


Portfolio Income:

Interest 

Dividend

Gains

Collectibles


Active Income - How to

  • Next best step
  • Education / certifications - every year 2 new topics educations. Certifications - think of ROI before you sign up for it.
  • Preparation - boss’s job description 
  • Opps - there is no shortage of opps. Abundance. Tap into it.
  • Ambition = prep is useless without ambition. Drive. Try. 
  • Bonus : Hidden benefits - max out of employee benefits - that’s an indirect raise. 


Growing Industries

IT - Engineers / Coding / Cyber Security(300K)

Construction - Climate change / civil engineering

Drink manufacturing - tax benefits for alcohol distillery(Kendall Jenner) - water?

Personal Services - dating / wedding / pet / family / garden

Direct Retail - delivery of goods

Real estate 

Trucking

Architecture

Healthcare

Financial services - book keeping , crypto

Transportation - Pilots


Passive Income Ideas

High starting costs :

  • Real estate (down payments)
  • Vending machine (equipment)
  • Car sharing (Turo)
  • Storage rentals (down payments)


Real estate strategy :Look at local tax county - which properties have lien on it = buy it off the person who has the lien on it. For ex: Yonkers dept of finance. 


Low starting costs :

  • Dropshipping (amazon monopolized. Walmart is better than amazon right now)
  • Monetize Blogging ( can get sold - millions of viewers per month - sold for 10m dollars ) - real estate on the internet is unlimited. 
  • Digital files, Ebooks, Course
  • Affiliate by selling products/services
  • Residual by creating something for others to sell


Portfolio 

Interest

  • HYSA
  • REITs - 90% has to be paid out

Dividend

Gains - long terms, short term - smart tight strategy - exit / tax.

Collectibles - Shares of cars - Rally RD, art, wine gallery


Passion Vs Side hustle

Passion can be outside of work 

Having hobbies is okay - but does not have to be monetization

When we use passion for a hustle - be clear about your goals

Lean into the things you are good at 

- don’t get into the things that make you insecure, channel into the positive skillset

Do you want to be the face of the brand? She started anonymous. 

Later she changed to put her face on it. And wished she could have done it earlier.

Monetize right away. Monetize at the right time - free content with brand. Sell a product. 


Profiting from your side hustle

Keep a P&L from the start - having budget for your business - very important to set budget 

right in the beginning.

You can have a hobby. Or you want to make money out of your hobby.

Don’t get further along until you have MVP. 

Don’t over-invest too soon.

Do a lot of research before setting price. Talk to people in that world.

Set goals - monthly / quarterly / yearly - you may not hit every time but you need to have them and continue motivating.

Document your progress and celebrate your wins.


Leveraging your access

Don’t be tunnel visioned- talk to people outside your team are doing

Free events , free programs, access to experts

Take notes and keep track

Networking - art that takes practice - step out and engage - take notes

Networking is not transactional - we’ve met - you both know each other interests -

share about yourself - give yourself props - relationship building.

Attach LinkedIn pictures to contacts when you build a business.


Building your brand

Determine who you want to be

List your values, repeat them everyday

Be specific about the people you help

Listen intently and build your audience

Leadership means how you interact with people.


QnA

You can invest something different than money in a company to get equity


  1. Total market, then real estate, business
  2. Each of this level up takes more work


How much time

  • Started as a hobby
  • Finding a community of investors - on instagram
  • Talking to people
  • 40 hours invested into it, last year along with consulting
  • Now 0 on social media and put in SEO, client needs, rent sponsorships - more offline
  • Hire someone and lose control on social media


Financial modeling on real estate


Study for no more than 12 weeks and then you should take action on it.

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