Startup cost: $500 - $3k

Setup costs range from $500 to $3,000 depending on the level of investment. At the minimum end, essential costs include creating a basic website, acquiring financial planning software, and marketing materials. Optional expenses could include investing in AI tools for personalized financial advice. Hidden fees may include software subscription renewals and website hosting. Those seriously considering this side hustle should budget around $2,000 to $3,000 to cover all necessary expenses upfront.