008: Taking Risks and Making Extra Money with Kyle Taylor, The Penny Hoarder

Enjoying these show notes from the Masters of Money podcast? Be sure to subscribe to the show in iTunes and you'll get notified when each new episode is ready! Who is The Penny Hoarder? Alright, let’s meet today’s Master of Money. Kyle Taylor is the CEO and founder of The Penny Hoarder, one of the largest personal finance websites with over 14 million readers a month. Kyle is a friend and go-to guy when it comes to ways to make extra money. Not only does his site … [Read more...]

20 Unique Business Ideas (That You Can Start Today!)

Small businesses are the backbone of America’s economy, no question about it. The numbers speak for themselves: 29 million = Number of small businesses in the US; 500 million = Number of patents filed annually in the US; 50% = Half of the private sector is employed by small businesses. All it takes is one unique business idea (and sometimes a little money in a savings account to get started) and you could be there too. But coming up … [Read more...]

Should You Go to College or Start a Business?

It’s been almost four years since former PayPal Chairman and CEO Peter Thiel started the 20 Under 20 program—the controversial initiative that paid 20 college students up to $100,000 to drop out of school. Basically, Thiel’s initiative hoped to show that the best path to success is not necessarily through education (and its attendant debt burden), but through entrepreneurship and innovation. While none of the young entrepreneurs that Thiel sponsored back in 2010 … [Read more...]

Time Management for Part-Time Entrepreneurs

Part-time entrepreneurs have the best and worst of both worlds. While they face less financial risk by keeping their full-time jobs while growing their business, they run up against the problem of time management. How do you find the time to grow your business when so much of your time is already spoken for? The secret to managing your time is all about using the time you have in the wisest possible way. Here are four tips for doing just that: 1. Know where … [Read more...]

Start a Business with a Friend (Blueprint Proposals) PTM 036

Erin Mavian and Kym Pitlor, two friends with entrepreneurial minds, saw a need in the wedding planning market. It wasn't in the planning of the wedding itself, but in the actual proposal. Guys needed help creating a memorable event and making it happen, and Mavian and Pitlor had the skills to help them. So a year ago, they began a part-time business called Blueprint Proposals, a boutique service designed to help their clients propose well. Erin and Kym were able to … [Read more...]

Kickstarter Tips: Secrets to Running a Successful Kickstarter Campaign

What makes one Kickstarter campaign more successful than another? Kickstarter, and other crowd-based funding programs, are gaining popularity. What was once a small tool to raise capital in an unconventional way is quickly becoming a method for artists, creatives and even celebrities to jumpstart their business or product idea. According to Kickstarter’s stats, there have been over 107,000 projects launched on their website, but only 45,533 have been successfully … [Read more...]

PTM 033 – Using a Passion for Language to Create a Multi-Million Dollar Business with Sean Hopwood of Day Translations

Today's podcast features Sean Hopwood, founder and owner of Day Translations, a full-service translation and interpreting business. Sean has a passion for languages and speaks many himself. Sean wasn't satisfied with his career in legal translation. He wanted more, and decided to start Day Translations while he was holding down another full-time job. Day Translations has grown from a one-person spanish translation company to a full-scale translation and interpreting … [Read more...]

PTM 032 – How to Use Kickstarter to Launch a Business with Max Valverde of Morninghead

Today's podcast features Max Valverde, founder and inventor of Morninghead, the revolutionary cure for bed head. Max launched Morninghead on Kickstarter.com, the online crowd-funding platform and achieved his goal times six. In this episode, Max shares how he came up with the idea, how he got the product made, and how to use Kickstarter to launch a business. Listen to the Podcast Podcast: Play in new window | Download Highlights from the … [Read more...]

PTM 030 – Going from Free to Paid Business Model with Phil Anderson of BudgetSimple.com

Today's podcast featured Phil Anderson, creator of BudgetSimple.com, the free online budgeting tool. Phil wanted a piece of software that would simply help him manage his money. He also had a strong desire to be his on boss. So he used his software development skills to build the tool that he needed. He shared it with the world for free and called it BudgetSimple. He has since moved from a strictly free model to free and paid versions. Phil has been able to leave his … [Read more...]

PTM 029 – How to Launch a Tech Startup Part-Time with Kristen Carney of Cubit

This episode of the Part-Time Money podcast is with Kristen Carney of Cubit. Cubit sells demographic data: $20 basic demographic reports, a web app that people use to pull demographic data, and a consulting branch that does custom data research. In 2009, Cubit took a small round of funding from a local Austin seed stage investment group. After the funding ran out, either Kristen or her co-founder worked a full time job while the other worked full time on … [Read more...]

7 Business Ideas that Scale [Plus How to Scale Any Business]

As a blogger, I stumbled into a business idea that scales pretty efficiently. I can reach thousands of people each day with my words using the power of the Internet and search. When I say, "scales" efficiently, here's what I mean: A scalable business can be served up to exponentially more and more people without incurring an exponential number of operating costs. Digital products, courses, and blogs are great examples of … [Read more...]

How to Start a Babysitting Business (Without Being a Sitter)

Today's episode is all about how to start a babysitting business. This is my interview with Cristina Twigg, the owner of Easy Care Sitters, a NYC-based babysitting business/agency. Three years ago, as a receptionist at an advertising agency, Cristina started her own NYC-based babysitting agency. She has been running it on the side for the past three years now, and as it's been doing great! She's been growing at her current job as … [Read more...]