OK, so I realize I may get no replies, but since this forum is now here, I will ask a side hustle question that I've been thinking about for a long time, but keep talking myself out of. Basically seeing if anyone can see a way this makes sense and basically get me past what I see as an impassable roadblock.
So I've been good with money my hole life and have always bought in to the simple financial principles that MMM preaches, such as term life insurance and index funds as ways to simplify your financial life.
Based on that, and seeing the situation in the world today and how spendypants runs rampant and people feel they can't retire etc. I have always felt I would be a common sense financial adviser. The challenge I have however is how is this a sustainable business? You see, as I see it, if you get people to where I think they need to be, to understand that all they need is to spend less than they make, save that in three index funds and do not touch them, and look for the lowest cost term life policy and stay away from the rip off of whole life, you;ve basically given them all the financial advice they will ever need. So you may have a lot of first time customers, but since I'm not going to tell them to have me buy stocks for them or pick active funds for them or all the other crap that financial advisers do to make repeat money and ongoing cash flow, I feel this is not a sustainable business so I've never bothered. I'd never be comfortable peddling something other than the above products and they do not need to pay me an advisory fee to do this as they can do it themselves. So anyone want to show me how to get past that roadblock, or is it legit and I believe it is, and this is therefore actually not a viable side hustle?