Logo
    Search

    How To MAKE Money on Wine

    enJune 10, 2024

    Podcast Summary

    • Airbnb hosting side hustleAirbnb hosting can provide lucrative income from renting out your property, even for new side hustlers, and can offset travel costs when you're away.

      Airbnb hosting can be a lucrative and easy side hustle for monetizing what you already own. Nicole Lappin, a financial expert, shares her personal experience of using Airbnb to write her books in peaceful remote cabins while still earning income from renting out her home. She emphasizes that Airbnb makes it simple for anyone to get started, even for those new to side hustles, and that the potential earnings might be higher than expected. Nicole also highlights the benefits of offsetting travel costs by having guests stay at your house when you're away. Overall, Airbnb hosting is a win-win situation for those looking to earn extra income while utilizing their existing assets.

    • Wine Investing StrategiesWine investing involves buying low and selling high, researching market trends, and considering factors like rarity and desirability to maximize profits.

      Wine investing can be a profitable venture, but it requires strategy and careful consideration. It's important to remember that wine investing should not be your sole investment and should be approached with the same level of research and analysis as any other investment. There are two ways to invest in wine: buying the physical bottles or investing in wine-related companies. If you choose to invest in bottles, the goal is to buy low and sell high, similar to buying stocks. A bottle of wine can increase in value if it gets better with age, becomes more desirable due to external factors, or if the supply is limited. The most expensive bottle of wine ever sold is a prime example of these qualities, selling for millions due to its rarity and desirability. So, if you're considering wine investing, do your research, understand the market, and be prepared for potential risks and rewards.

    • Factors affecting high-end wine investmentUnderstanding a wine's origin from a renowned vineyard, rarity of vintage, historical significance, and market trends are crucial factors when investing in high-end wines. Utilize market data tools and ensure proper storage conditions to maximize potential returns.

      Investing in rare and expensive wines involves more than just appreciating their taste. The value comes from a combination of factors, such as the reputation of the vineyard, rarity of the vintage, and external events that increase demand. For instance, a bottle of Domaine Della Romanee Conti from 1945 sold for $558,000 due to its origin from a renowned vineyard, extreme rarity, and historical significance due to World War 2. As an investor, it's essential to understand market trends and identify bottles with potential for significant appreciation. Tools like the London International Vintners Exchange (LiveX) and Sotheby's Wine Index can help guide investments by tracking market data. Additionally, proper storage conditions are crucial to ensure the wine matures and maintains its value. Therefore, considering both internal and external factors is vital when investing in high-end wines.

    • Wine Investment StrategiesOptimal storage conditions and records matter for reselling specific bottles, while investing in wine industry or companies offers alternative options with varying risks.

      Investing in wine can be done in two ways: storing and selling specific bottles, or investing in the wine industry or companies. For the former, maintaining optimal storage conditions and keeping detailed records can significantly impact a wine's resale value. High-end wine storage facilities offer perfect conditions for collectors and investors, but come with a hefty price tag. Alternatively, investing in wine futures, publicly traded wineries, or companies that allow group investments in bottles can also yield returns. Champagne and Burgundy are currently leading the market. However, investing in wine futures, which involves buying wine before it's bottled, is riskier and requires expertise. Always proceed with caution and dedicate time to learning the ropes before diving in.

    • Wine InvestmentInvestment grade wines, specifically burgundy and champagne, have seen significant appreciation in value with an average yearly increase of 37.5% for burgundy and 42.7% for champagne.

      Investment grade wines, specifically burgundy and champagne, have seen significant appreciation in value, with an average yearly increase of 37.5% for burgundy and 42.7% for champagne. This information was discussed on the "Money Rehab" episode of Money News Network, hosted by Nicole Lappin, with executive producer Morgan Lavoie and researcher Emily Holmes. They emphasized the importance of investing in yourself, and encouraged listeners to submit their money-related questions to potentially be featured on the show. Money News Network can also be followed on Instagram and TikTok for exclusive content. Overall, the show highlighted the potential for impressive returns in the investment world, and emphasized the importance of making investments in yourself as the most valuable investment.

    Recent Episodes from Money Rehab with Nicole Lapin

    Former Disney Star Christy Carlson Romano and Brendan Rooney on Losing All the Disney Money, Healing Financial Trauma and Working With Your Spouse

    Former Disney Star Christy Carlson Romano and Brendan Rooney on Losing All the Disney Money, Healing Financial Trauma and Working With Your Spouse
    You might think that Brendan Rooney, who had a "normal" middle-class childhood, enlisted in the Marines, and then went to Columbia University would have very little in common with Christy Carlson Romano, former Disney Channel child star who, in her words, made— and lost— millions of dollars. And yet, the married couple say their childhoods were not that different when it came to the hard financial lessons. Nicole sits down with Christy and Brendan, who run the podcast network Podco, and talk about what it's like being business partners with your romantic partner. Then, Christy talks about her financial journey after rocketing to superstardom so young, and how she made— and lost millions. We talk about when spending can turn into a form of self-harm, and her advice to anyone looking to build a healthier relationship with money. To watch Christy's YouTube video "How I Lost All My Money," click here. Learn more about Brendan and Christy's podcast network here.

    Adrienne Bailon-Houghton on Her Biggest Money Mistakes, Wins and Everything In Between

    Adrienne Bailon-Houghton on Her Biggest Money Mistakes, Wins and Everything In Between
    Adrienne Bailon-Houghton is more than just a triple threat— she’s a singer, dancer, actor, host, mother, wife, producer and entrepreneur. Adrienne joined Nely Galan on MNN's Money Maker for a conversation packed with advice and lessons. Adrienne shares how she turned around bad credit, what the Kardashians taught her about hard work, how she started creating entrepreneurial opportunities from her everyday life and much more.  Money Maker is on hiatus but to binge Season 1, click here: https://link.chtbl.com/_9U0OQh1?sid=MM Transcripción del episodio con Adrienne en español: https://moneynewsnetwork.com/podcast/money-maker/adrienne-bailon-houghton-is-a-money-maker/

    “I’ve Never Invested Before and All My Money Is in a Savings Account. Help!”

    “I’ve Never Invested Before and All My Money Is in a Savings Account. Help!”
    If your money is just sitting around in a savings account, chances are it could be working harder for you somewhere else. This is the exact situation facing the Money Rehabber Nicole talks to today. When they go a level deeper, Nicole discovers how anxiety around investing is also at play. If you’re feeling skittish around investing or just feel like your money could be doing more, this is for you!

    Why Is Defamation So Expensive? Inside the Baby Reindeer's $170M Lawsuit

    Why Is Defamation So Expensive? Inside the Baby Reindeer's $170M Lawsuit
    You don't often see defamation lawsuits for a couple thousand bucks. Typically, the figure is more like $170 million, which is exactly the amount of money that Fiona Harvey is suing Netflix for over what is allegedly a depiction of her in the series Baby Reindeer. Today, Nicole follows the money trail of this lawsuit, along with some other famous examples, to illustrate why defamation is so expensive.

    Entrepreneur GaryVee on the Money Move He's Never Made and Whether He Will Take VaynerX Public

    Entrepreneur GaryVee on the Money Move He's Never Made and Whether He Will Take VaynerX Public
    In the second part of Nicole's conversation with entrepreneur GaryVee, they focus in on Gary's relationship with money. Gary explains how being an immigrant affected his relationship with money, which money move he's never made and whether he will take his company VaynerX public. Don't miss Nicole's first conversation with Gary! Listen here: https://link.chtbl.com/GRCER2mX

    How To MAKE Money on Wine

    How To MAKE Money on Wine
    Yes, you can make money from wine as an investor— but you can't just choose an investment-worthy vino based on the art on the bottle (but if that's how you choose the wine you drink, well, same). Nicole explains the two ways you can invest in wine, and how to set yourself up for success.