When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home, so I like to find remote cabins in the middle of nowhere to just hang out and write. But I hate the idea of my house just sitting empty, doing nothing but collecting dust and definitely not collecting checks. And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles. Other popular side hustles are awesome, too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started, don't worry, because you're not in this alone. Airbnb makes it super easy to host. I mean, if I could do it, you could do it. And your home might be worth a lot more than you think. Find out how much at airbnb. Com/airbnb. Host. Money rehabbers, you have money hidden in your house. Yeah, just hiding there in plain sight. Okay, so I don't mean you have gold bars hidden somewhere in walls, treasure map style, but you do have a money-making opportunity that you're just leaving on the table if you're hosting on Airbnb.

It's one of my all-time favorite side hustles. By hosting your space, you are monetizing what you already own. It doesn't get easier than that. For me, hosting on Airbnb has always been a no-brainer. When I first signed up, I remember thinking to myself, Soph, you pay a lot of money for your house. It is time that house return the favor. And to get real with you for a sec, I felt so much guilt before treating myself on vacation because traveling can be so expensive. But since hosting on Airbnb, I feel zero stress for treating myself to a much-needed vacation because as having Airbnb guests stay at my house when I'm traveling helps offset the cost of my travel. So it's such a win-win. I mean, if I could do it, you could do it. And your home might be worth more than you think. Find out how much at airbnb. Com/host. Hey, Money Rehabbers. I'm going to be putting together a few totally anonymous surveys over the next couple of months, and I would love to hear from you. The first one is up now at moneynewsnetwork. Com/survey. I would so appreciate it from the bottom of my heart if you could take a few minutes and take this survey.

I promise it's short. And let me know your thoughts. Thank you, thank you, thank you. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. He did it, guys. Elon Musk got his historic pay package thanks to Tesla shareholders who voted to award Elon the largest compensation package in history. And in In the hierarchy of comp packages, Elon is truly in a league of his own. He's not first by hair as determined by photo finish. After Elon, the second highest paid exec is Hawk Tan, CEO of Broadcom. Tan's compensation is about $161 million. I'll do the math for you. Musk is making as much money from his comp package as 290 Hawk Tans. Some voices were extremely vocal in encouraging shareholders to vote against Elon Musk's pay package, but if I were voting on it, I would have approved it, too. That might sound surprising because you know I am all about financial fairness here, and some people assume the argument here is whether or not it's fair for Elon to get an 11-figure pay package. But to show my work, we have to dig into what the pay package actually is and what it isn't.

What it isn't is salary. It's not like Elon Musk is getting a $47 billion paycheck direct deposited into his bank account. Musk actually doesn't have a salary at Tesla. This compensation package consists of stock options, which is a fun, complicated topic for another episode. But essentially, stock options give an employee the option to buy a certain number of their company's shares, often at a discounted price. In his compensation package, Musk was given the option to buy 303 million shares of Tesla at 23 bucks a share, which is a significant discount from what it's trading at now, which at the time I'm recording is over 180 bucks a share. We know that the name of the game when it comes to investing is that you want to sell a stock for more than you bought it for, buy low, sell high. The cool thing about stock options is that by getting shares at a discount, you really improve your chances of buying low and selling high. Elon buys a Tesla share for 23 bucks and can sell it for $183. He just made a 7X profit. Multiply that by 303 million shares, and that's a lot of money.

But here's the most important thing to know. You may have seen the narrative around the story feel like this comm package came to be because Elon marched into Tesla and said, I make the rules. I am deciding to add 11 zeros into my bank account because I am CEO and I can't. But this is not the real story. The comm package was announced by Tesla's comms team all the way back in 2018 when Tesla's market cap was $60 billion. And again, Tesla did not just agree to this eye-boggling figure just because they were feeling generous that day. The comp package was structured around awarding different stock options depending on Musk's ability to hit 28 targets over 10 years. 28 of those targets, nearly half were market cap targets, with the largest being Tesla's ability to reach a $650 billion market cap. Let me do a callback to what I just said five seconds ago. Tesla's market cap was $60 billion at the time this comp structure was announced. Beyond market cap, eight targets were tied to earnings, and another eight were tied to revenue. These targets were bucketed into groups of goals, and Tesla's leadership agreed that Musk would be awarded 1% of the stock outstanding for each group of goals he achieved, which totals 303 million shares if all 28 targets were met.

Tesla hit $650 billion in market cap four years ago, and he's nearly hit all 28 targets. Targets. Let's put it this way. He crossed off enough of the groups of targets that he earned 278 million of the 303 million stock options. Even though Tesla has been on a bit of unstable footing lately, as I talked about in other episodes, there is absolutely no expert in their right mind who would say that Elon hasn't been an incredible CEO for Tesla. As Barons put it, The package was essentially Musk's bet on himself. He was betting that he could get Tesla to rise from a valuation of $60 billion to at least $650 billion, a 983 % rise while making it profitable over 10 years. And by the way, he made many people rich along the way. So when it comes to whether or not Elon deserves this comm package, he literally does, because he's reached nearly all of the goals that Tesla valued at 303 million shares of the company. So if this is a question of fairness, I think it wouldn't be fair to not give him the package. In my mind, this would be like, if I told you I would give you a car if you came in first for the New York City Marathon, and then you trained and trained and trained, and you won the whole freaking marathon.

And I said, No fair. I didn't think you were actually going to do it. So I'm keeping the car. After the results of the vote came through, Tesla's stock rallied, and some financial analysts are predicting that Tesla's stock will continue to rise because the uncertainty around Musk's pay package has been this weight holding down the share price. It was no secret that if the comp package was not passed, Elon might wind down his time at Tesla. And it was no secret because Elon said as much. And this obviously unnerved shareholders. Most shareholders think Elon Musk is Tesla, and Tesla is Elon Musk. And if you're looking for proof of that, look no further than the 1.76 billion shareholders who voted for Elon to receive the comp package. That's compared to the less than one-third, 529 million shareholders who voted against Elon receiving the comp package. With Elon reaffirming his commitment to Tesla after this vote, there's a greater sense of stability now around Tesla, which the stock market loves. One tech analyst says that Tesla could reach 350 bucks a share in the next year or so, which would mean that Elon's comp package might be worth a lot more than $47 billion.

And it could even mean that Elon Musk would be the first trillionaire. And if that makes you mad, don't be mad at Elon because he honestly crushed it. If you want to be mad, be mad at Tesla for offering the $47 billion comp package if he hit all of his goals in the first place. For today's tip, you can take straight to the bank. As an investor, you can vote on things at shareholder meetings. If you invested in Tesla, you could have voted on Elon's comp package, too. Money rehabbers, I got to tell you, I just got back from Industrius, and I am obsessed. Industrius is a company that provides co-working spaces and flexible office solutions for modern businesses, entrepreneurs, and remote employees who don't just want to work from their bedroom. I live in LA, as you know, and I travel a ton. When I do, I always worry about finding a good place to work with a strong WiFi connection and a legit desk situation. Industrius has a ton of different locations in major cities, so it really gives me the peace of mind that I have a home away from home when it comes to getting stuff done.

But when I am at home, I love the Westwood location's floor to ceiling windows. It just makes you feel like you're on top of the world, which is definitely the vibe you want when you're trying to take over the world. I also love the telephone booths they have that allow you to take private calls there. But also if you have a Zoom, there's a ring light because Zooms are always better that way. We know this. Go to industriusoffice. Com, click Join Now, and use the code moneyrehab to redeem a whole free week of co-working when you take a tour. A whole free week. Free. It's my favorite price. Do you ever get FOMO, fear of missing out? Well, do you ever get FOMO 2 Fanta? Fear of missing out on the perfect hire? If so, I have the antidote. It's LinkedIn jobs. Linkedin jobs helps you hire professionals you can't find anywhere else. Even those who aren't actively searching for a new job but might be open to the perfect role. In any given month, over 70% of LinkedIn users don't visit other leading job sites, and that adds up to a serious squad of awesome candidates.

Linkedin has over a billion professionals on the platform, and these candidates are super qualified. So much so that 86% of small businesses get a qualified candidate within just 24 hours. I work with LinkedIn jobs for all of my dream team needs, so they're hooking up money rehabbers at linkedin. Com/mnen. Go there and you can post your job for free. That's linkedin. Com/mnen. Mnn, as in Money News Network, to post your job for free. Terms and conditions apply. Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan Lavoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your moneyquestions, moneyrehab@moneynewsnetwork. Com, to potentially have your questions answered on the show or even have a one-on-one intervention with me. And follow us on Instagram @moneynews and TikTok @moneynewsnetwork for exclusive video content. And lastly, thank you. No, seriously, thank you. Thank you for listening and for investing in yourself, which is the most important investment you can make. Money rehabbers, you have money hidden in your house. Yeah, just hiding there in plain sight. Okay, so I don't mean you have gold bars hidden somewhere in walls, treasure map style, but you do have a money-making opportunity that you're just leaving on the table if you're not hosting on Airbnb.

It's one of my all-time favorite side hustles. By hosting your space, you are monetizing what you already own. It doesn't get easier than that. For me, hosting on Airbnb has always been a no-brainer. When I first signed up, I remember thinking to myself, self, you pay a lot of money for your house. It is time that house return the favor. And to I got real with you for a sec, I felt so much guilt before treating myself on vacation because traveling can be so expensive. But since hosting on Airbnb, I feel zero stress for treating myself to a much-needed vacation because having Airbnb guests stay at my house when I'm traveling helps offset the cost of my travel. So it's such a win-win. I mean, if I could do it, you could do it. And your home might be worth more than you think. Find out how much at airbnb. Com/host. Money rehabbers, you have money hidden in your house. Yeah, just hiding there in plain sight. Okay, so I don't mean you have gold bars hidden somewhere in walls, treasure map style, but you do have a money-making opportunity that you're just leaving on the table if you're not hosting on Airbnb.

It's one of my all-time favorite side hustles. By hosting your you are monetizing what you already own. It doesn't get easier than that. For me, hosting on Airbnb has always been a no-brainer. When I first signed up, I remember thinking to myself, self, you pay a lot of money for your house. It is time that house return the favor. And to get real with you for a sec, I felt so much guilt before treating myself on vacation because traveling can be so expensive. But since hosting on Airbnb, I feel zero stress for treating myself to a much-needed vacation because having Airbnb guests stay at my house when I'm traveling helps offset the cost of my travel. So it's such a win-win. I mean, if I could do it, you could do it. And your home might be worth more than you think. Find out how much at airbnb. Com/host.