The “What’s Up Next?” podcast is a little newer to the scene. In fact, the first episode just came out in November of 2018.
However, I’ve known Doc G from DiverseFI for a while and we finally had that opportunity at FinCon in Dallas last year. It’s great to meet other bloggers in real life and Doc is no exception.
He’s a great guy and we had some good conversation… and a few beers, of course!
Anyway, a few months ago he asked if I wanted to be a part of the podcast he hosts with Paul Thompson. Their podcast, What’s Up Next? is different than most of the other podcasts out there in that it’s panel-based.
Doc G and Paul select an interesting topic related to financial independence and bring on a few panelists to discuss it. What makes it interesting though is that they mix up the guests who will likely have various viewpoints on each subject.
The topic… whether side hustles and passive income can really be considered “passive.”
J from Millenial Boss has all kinds of side hustles, Jay Helms is like a real estate mogul, and Nisha Mehta started making more money from entrepreneurial gigs than she did from being a radiologist. I don’t want to say it was intimidating (I don’t get intimidated), but they seemed to be in a different league than I am.
In other words, this seemed like a topic I might not be able to offer as much of an angle on as they could. But it sounded like a good time so I rolled with it.
It actually was fun and I learned a lot from the group. I thought this was going to just be a quick “yes” or “no” as to whether passive income is really passive.
However, everyone has different opinions and that can make you think. We had a lot of good conversation about how there are some forms of actual passive income, but they are rare. We talked about a number of different side hustles we’re each involved in and the work involved versus the money that comes in.
The conversation shifted toward how some side hustles provide more of a leveraged income. This was a topic that I learned from Todd Tresidder – front-loading the work so the income rolls in later almost passively, but you’ve still done the work.
I was able to contribute more than I thought I would be able to in the show. Between the rental properties we’ve invested in, the books I’ve written in the past, and this blog, it almost sounded like I knew what I was talking about!
It was some great conversation all around and I’m glad I got to be a part of it. Doc and Paul were good hosts and J, Jay, and Nisha were all very insightful.
On another small note, a funny thing happened as a result of us doing the podcast over Zoom (similar to Skype or Hangouts). I had previously done an informal Zoom conference call a couple of months before and when prompted for a name, I had put one in the software.
I forgot all about that, but Zoom didn’t. When I connected into the show, I showed up to everyone as “Jim is awesome.”
And while that’s true, I didn’t even realize it at first… oops. But it gave everyone a chuckle and Jay Helms called it out right at the beginning of the show. Funny stuff for sure.
Check out the episode and let me know what you think!
What’s Up Next?: Is Passive Income a Reality?
Thanks for reading!!