Welcome back to another week with Renaissance. The newsletter equivalent of Ramit’s ‘I Will Teach You To Be Rich’ mixed with Jordan Belfort’s night terrors about money.

Each week we give you 3 actionable pieces of intel and opportunity to assist you on the journey to financial independence. 🛣

And his week’s a real money making extravaganza, filled with research & replicable strategies. So whatever you do make the most of it!

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👉 Check it out here

Here’s what you need to know today:

10 Proven Ways to Make $10K A Month - For The Business Buffs

Finding Alpha In Crypto - A Whale Wallet Watching Guide

Breakfast In Bed Tax Strategies 

The Board

The S&P and BTC both end the week lower as debt ceiling angst continues.

The Renaissance Over-Under

Business, Money Markets & Financial News

10 Proven Ways To Make $10K A Month 🤝

- God, my clickbait titles just keep getting better and better……luckily it’s all killer and no filler, enjoy!

- Alright here it is, the bread and butter of business & entrepreneurship - the holy grail that is $10k a month. 🍞🧈

- When you hit this magical milestone, life just starts to get easier. It’s a lot of effort to start a venture backed start-up but you can be successful with any one of these as soon as you get started!

- Before you know it you upgrade the house, upgrade the wife, and suddenly Tatiana moves in and you live long enough to become the villain of your own story. *Chefs kiss. 👌

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1: DIVIDENDS….OKAY I’m going to get the boring one out of the way as fast as possible.

- With inflation and interest rates this high, high yield dividend stocks are a popular choice……..for children and pacifists.

- I’ll go small first - investing $100 a month for 30 years you’d end up with well over $400,000 assuming a 13% annual total return.

- By reinvesting these dividends, you get sweet sweet compound interest - the super power of the wealthy.

- Assuming the above growth rate, you’d get to $10k a year by year 18. If you wanted $10k a month you’d have to pony up a huge amount.

- This comes with a massive opportunity cost compared to the other options! Bottom line, if you hold a lot of dividend stocks…….

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2: Airbnb / Rental Properties: this is some straight up Dave Ramsey shit and we love it!

- AirBnb pays 3-4x what a rental property would. It can cashflow as high as 50% cash-on-cash return.

- $10k a month is easily doable from just 1 good property in the right location. You can then use this capital to scale to even more properties. 🏡

- Can’t afford the loan? We got you 💪 You can do AirBnb rental arbitrage. Rent a place → agree with the owner to let you AirBnb it → pocket the difference!

- Too much effort? https://arrived.com/ Lets you invest in rental and vacation homes from just $100 and get paid completely passive income!

- Here’s some inspiration from a guy making $475k a MONTH from AirBnb arbitrage: https://www.printfriendly.com/p/g/YSEHhD ,

- Renaissance always has your back…..…and in exchange you let us stay some time when it isn’t booked, like on some Kevin home alone shit 😉 More inspo: https://www.instagram.com/chrischoi/

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3: Over-employed: Earn double and work half as hard - ‘A remote worker’s dream.’

- Over-employed is a practice that took the world by storm over Covid (*flashbacks of Trump saying China virus still live rent free in my brain). You simply get another remote job. Genius. Sometimes we just out-do ourselves here…….🧠

- People reported getting a 2nd, 3rd even 4th remote job and maintaining them all by going for mid or low-level roles. With the help of some cheap virtual assistants they kept them all going and earned between 2-5x their normal salary.

- Now this one we do respect here at Renaissance, howeverrrrrr it’s a lot of effort and stress and that goes against our rich lifestyle goals here. ✋

- But it might be perfect for you if you want sure-fire cash! Check out this subreddit for people’s stories explaining on how they do it: https://www.reddit.com/r/overemployed/

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4: Buy a business that’s already cash flowing (with seller financing) 💸

- The reason most people go for the other options is because they a) have no ideas, b) have little capital or c) are afraid of the risk of failing.

- Buying a business is one for the true business zealots who don’t want to wait, but they do want to operate!

- When you buy a business you earn profit from day one. 💸 No intense setup to get it off the ground and the risk of failure is seriously decreased as it’s already running and profitable (fact, Lindy's effect : the longer things exist the longer they are likely to keep existing).

- Best of all you can use seller financing and pay the owner back from the profits of the business over time! This is a massive advantage over AirBnb whereby you need a down payment, and seller financing makes deals WAY more profitable!

- There are loads of online marketplaces for buying businesses:

 • Flippa

• BizQuest

• Bizbuysell

• Acquire.com

• BusinessForSale

- Most profitable businesses have been found off-market with good old fashioned research and cold outreach! You can use tools like Bizscout https://t.co/HNq2fHFmTC to find businesses in your area and of a certain criteria that you can approach!

- It’s more leg work, but 1 good business purchase can do 10,000% returns for you. And nothing else on this list can do that! Plus….…it’s reallll entrepreneurship.

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5: The ‘Charlie Chang’, or the classic social business model

- The famous financial youtuber started his channel and grew it simply talking about his interests…shhhmoney! Pretty quickly he was making $10k a month just on ads alone!

- Then the classic mix of income streams apply: affiliate marketing, ad revenue, partnerships, courses and more! At one point he was making $245k a month! 

- The massive pro to this business model is that it costs nothing to start. It’s all profit and time. ⌛ Here at Renaissance we love this. Here’s a link for more details and inspo on Charlie: https://www.cnbc.com/2022/05/12/how-this-29-year-old-built-a-million-dollar-business-after-getting-rejected-from-15-medical-schools.html

- Youtube automation: If you’re really ugly or super boring……..kidding. But if you don’t want to show your face and spend all your time you can simply hire freelancers to create scripts/videos on your niche, simply approve the ideas and sit back collecting that ad revenue!

Here’s inspiration from a great guy making $50k a month with faceless YT channels! https://www.instagram.com/razvanpb/

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6: Peer-to-Peer lending

- In a recession the need for credit and loans goes up massively. Lots of smart rich people we know are using this to buy that debt and earn 10%+ on it completely passively! Lending club is the easiest platform to get started with 👇https://www.lendingclub.com/investing/peer-to-peer

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7: Courses

- We’ve all done a good course in our day! There’s one for everything, and by making and uploading them to Udemy you can earn a lot passively. Just pick your topic and niche well and some of these can be purchased millions of times!

- Or even consider making your own and promoting it on Tiktok and Instagram. Miss Excel made a course on how to be an excel power user and made $100k in a day! https://www.cnbc.com/2022/04/21/28-year-who-who-made-100000-in-passive-income-in-one-day-shares-books-that-helped-her-become-successful.html

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8: Vending machines

- One of the easiest ways to get to $10k a month! Simply buy the machines, cut some deals to put them in locations, fill them and mark the items up by 100%. You can then use software to automate inventory and machine filling!

- Orrrrrrr, if you had starting capital you can actually do a roll-up and buy ‘routes’ of vending machines, take over operations and keep scaling. Like Marcus here making $300k a year. 👉 https://www.cnbc.com/2022/09/29/31-year-old-turned-his-side-hustle-into-a-300000-business-i-work-just-4-hours-a-week-now.html

https://www.businessinsider.com/how-to-start-a-vending-machine-business-advice-ultimate-guide-2023-1?r=US&IR=T

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9: You can run an agency and outsource to cheaper freelancers

- A marketing agency is maybe one of the easiest ways to get to $10k a month. But it’s time consuming and soul sucking. Not a vibe for Renaissance. 😔

- But, some people market their agency and then subcontract the work to cheaper freelancers while keeping 70% of the profit! Pick your agency niche, outreach for clients and outsource and you’ll have $10k in no time. There are countless resources for this.

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10: OnlyFans

- If times are really tough you can always get those feet out! Haha but seriously though, some are making over $6.5 million. 👀

- For the right person and the right social marketing you can make a lot of money both on and off camera! Here’s a full breakdown of all the different hustles you can run with OnlyFans:

- Subscriptions, pay-per-view content, DMs (outsourcing this to ghost writers), tips, OnlyFans growth agencies, faceless profiles, full profile management agencies, and more!

- Here at Renaissance we like to invest and start things that people actually want, not what they think they should have. Vice businesses are always easier to sell than angelic virtue-signalling businesses.

- And the numbers never fail to back it up. Here’s a full breakdown of people earning millions on OnlyFans in all kinds of ways! https://www.businessinsider.com/how-to-make-money-on-onlyfans-according-to-creators-2022-2?r=US&IR=T

LITTLE BITS 😎

Star Wars: use my knowledge clip, a classic!

https://getyarn.io/yarn-clip/2872e936-049b-493f-8ea8-fb79ee678a0d

A Twitter thread worth reading - The dark side of NFTs. A throwback to the worst cash grabs in Web3 history

https://twitter.com/LambolandNFT/status/1661032050340528128

Hopin’s founder is richer than Ed Sheeran, reveals Sunday Times Rich List

https://sifted.eu/articles/tech-founder-richer-than-ed-sheeran-news/

NOSTALGIA OF THE DAY

Crypto Market & NFT News

Update from last week’s post to make us all feel sad 😔 

@Ben.eth is now worth $1.8 Billion on paper after PSYOP………..

But how do we know all this and the supply he owns? Enter, whale wallet watching 👇

The Renaissance Guide To On-Chain Wallet Tracking 🐳

- Why bother with tracking whale wallets? When you were a kid in a test did you ever just look at someone else’s answer instead? Who has the time to do all the studying……..

- You can find and track wallets that are consistently profitable and pick and choose what trades to follow! Get your research done for you! It also lets you analyse the holdings of a token, or interesting transactions.

- For example you can see if @Ben.eth owns the whole supply of PSYOP, or if a VC owns a huge amount that’s about to unlock and dump. ⚡ You probably shouldn’t invest in these cases and wallet watching can spare you!

- Arkham intel is one of the best on-chain trackers:https://www.arkhamintelligence.com/

- We use Arkham to easily track wallets of tokens we’re researching and to keep an eye on transactions on trades were playing.

- You can even easily see specific real-time info and wallet interactions visualised if you can’t be bothered to read lineeee after lineeee.

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- Renaissance, key takeaway - If you’re not setting up some kind of wallet watchlist or visualiser to find and research investments you’re missing the core benefit of blockchain - all of this is visible, you just have to look.

- It’s one of the best uses of your time and sources of Alpha you’ll ever have.

Wealth Building, Personal Finance Hacks & FAT FIRE

We’ve done AirBnB, now it’s time for our other favourite B&B. Here’s some ways to minimise capital gains tax for you guys out there suffering from success.

Who doesn’t love breakfast in bed? 🥐 ☕

If you’re not invested in a tax-advantaged wrapper you may have to pay tax on your sweet sweet gains. The key will be to realise these gains just before you go over the capital gains limit. Then when you repurchase, the ‘gain’ effectively resets to zero and you prevent a tax liability!

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The ‘Bed and Breakfast’ special ➡ Sell your assets prior to hitting the capital gains limit, effectively crystallising the gain ➡ Repurchase 30 days later ➡ Limit your capital gains tax liability.

https://www.investmentguide.co.uk/capital-gains-tax-30-day-rule/

…And if you don’t want to wait 30 days. Check out the ‘Bed and Spouse’ strategy! ….(not as interesting as it sounds).

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Sell an asset to crystallise a capital gain ➡ Get your spouse or partner to buy it back immediately ➡ they transfer it back to you ➡ Voila! You crystallise a capital gain while still retaining ownership of the asset!

 https://www.fool.co.uk/2021/02/11/what-is-the-bed-and-spouse-tax-strategy/

Meme of the Day

That’s a wrap for today! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)