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The Side Hustle
- A side hustle is when you continue to earn money, putting food on the table, and from your savings and the free time you have, build something that can have some value much beyond the time and money it took to build. Example: You can use your late evenings and weekends writing a book or a manual on what interests you, and what you are passionate about, even if it is just a recipe book.
- Another way is to devote 70 to 80 percent of your time in your side hustle(now your main work project) while leaving aside some time in a week to work for money to cover your basic expenses, probably some freelance gig work, giving you a safety net. The day job is then your passion project, which will (hopefully) create wealth in the long run.
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"Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth."
NAVAL RAVIKANT
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The Side Hustle Becomes The Main Hustle
Another way is to devote 70 to 80 percent of your time in your side hustle(now your main work project) while leaving aside some time in a week to work for money to cover your basic expenses, probably some freelance gig work, giving you a safety net.
The day job is then your passion ...
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Making Money Vs Creating Wealth
Most jobs are purely money generation, and have little to do with wealth. Generating wealth is an entire different ball game than earning money, which you can easily do by learning a few in-demand skills, and taking up a job or freelance work.
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Generating Wealth Is A Long Shot
- Creating wealth means a lot of expenses initially, and is a risky proposition.
- A decent number of startups go bust, with the founders going bankrupt. They would have earned more just doing consulting or freelance work, but they chose to ‘burn’ money instead, with a...
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Balancing The Two Forces Of Money And Wealth
The secret sauce to create wealth while keeping your boat afloat is to balance the two forces at play, the force of wealth creation and the force of money or income generation.
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The Side Hustle Becomes The Main Hustle
Another way is to devote 70 to 80 percent of your time in your side hustle(now your main work project) while leaving aside some time in a week to work for money to cover your basic expenses, probably some freelance gig work, giving you a safety net.
The day job is then your passion ...
Tips On Running a Side Hustle
- Before you plunge headfirst into a passion project, do your research.
- Spend time online to see what others are doing
- Keep initial costs low by using a free website builder and advertising on social media.
- Ensure your company’s policies don’t ban freelance work.
Your Side Hustle
Our daily grind makes us skip the ‘side-hustle’, our passion projects like writing a book, blogging, learning a new skill, starting an online business, painting or designing something.
If our actual work stresses us, a passion project will help absorb that pressure and make you happy, even...
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