The Importance Of A Side Hustle

The Importance Of A Side Hustle

If this pandemic has taught us anything, it is that NO job is safe. Our economy has taken wild swings beyond anyone’s control, for many people they have either lost their only source of income or been furloughed, and still risk loosing their jobs.

When that reliable 9-5 disappears, you find yourself in serious financial trouble.

The good news, is that we have the internet, smart phones / tablets and computers

The reality is that this pandemic has dealt you an opportunity, an opportunity to change your mindset and create an income working from home, that suits your lifestyle.

As long as you have access to the internet, technology offers you the ability to earn money.

THE INTERNET : In today's modern world, we all have access to the internet. The majority of us have access to data, and typically there is free wifi at coffee shops, restaurants, hotels, airports etc.

MINIMAL CAPITAL OUTLAY : These days you can buy into a "Business-In-A-Box", a turn-key business opportunity. Choose wisely, and you can find good business opportunities that have proven track records.

KNOW-HOW : Once you have chosen wisely (don't get caught with the get rick quick scams, that take no effort). Remember there is NOTHING IN LIFE FOR NOTHING, if you have found a reputable "BUSINESS-IN-A-BOX", that company will charge you money to buy into their PROVEN BUSINESS MODEL. The best advice I can give you, is seek strong leadership, position yourself alongside other people who have a ventured interest in your success - learn how they approach the market - follow their steps, DO NOT RE-INVENT THE WHEEL.

SO HERE ARE 10 REASONS WHY YOU NEED A SIDE HUSTLE

1. JOB SECURITY - Getting up early, driving to work, climbing the corporate ladder, and eventually retiring - was considered normal. We have now realised that having a job no longer equates to financial security.

2. MINDSET - You have been give a unique opportunity via this pandemic, and that is the ability to take stock & realise what really is important in life. The ability for change is very real, the only thing holding you back is your mindset. DO NOT waste this crisis !

3. TIME FREEDOM - Live life by your own set of rules. This means less stress and, ultimately, greater satisfaction. By choosing to pursue a path of both financial freedom and time freedom, working from home allows parents to stay home with their kids - allows you to travel and have a business that is truly mobile (all you need is access to the internet).

4. THE RISK - Seek a proven business model, and good leadership. Follow their system, copy what has been proven to work. The real risk is not the business model, the real risk is do you have the discipline to put in the required effort, if you stay focused and put in the hours you will reap the benefits.

5. DISCIPLINE - You need to turn-up, and get started. Yes every day, treat your new business like a business, and it will reward you like a business.

6. BUILD WEALTH - Learn the true meaning of residual income. Imagine finding a business that allows you to DO THE WORK ONCE - and then get paid for that client, every month thereafter (for the life cycle of that client). That creates wealth, now learn how to duplicate that process.

7. LEADERSHIP - Seek strong leadership. You are a product of your environment. Position yourself with a team of leaders, who are willing to put time and effort into you, and your clients - allowing you to grow your business.

8. HAVE FUN - This is really important, you need to love what you do.

9. MAJORITY OF PEOPLE - Choose a product that appeals to more people. If you choose a business, with a product that only appeals to a certain sector of the public, or to only a small percentage of the public - then your life just got more complicated.

10. BUILD A TEAM - You've heard this before, your network is your net-worth ! When you are building your own business this is so true, build your networks deep and wide. The more people you know, the more people that like you - equates in more word-of-mouth referrals.

My final thoughts...

Having spoken to a number of highly successful business people they have all learnt the importance of diversification and creating multiple streams of income. However, they all have similar traits LASER FOCUS, a ROAD MAP to achieve their goals and EFFORT.

Not sure how to start?

Yes, I can help. Over the last 30-years I have built and sold numerous businesses. At the age of 40, I moved overseas and retired - yes I bought a beautiful home cash, purchased a car for myself and my wife cash, the kids were at private schools and life was good, I was going to play golf, and watch the kids play sport.

A financial recession hit, and I was forced to sell off numerous assets, and I went back into business. My business partner and I built a world renowned sporting event over the next five years, and through no fault of our own we had the carpet pulled out from underneath us.

I was forced to look into a home based business. In 2012 I built a team of 3000 people, and eventually grew that to 12,000 people over the next few years.

However, I recently found a very exciting new business, I am building teams all over the world and having lots of fun. What I love about this business model, is that it APPEALS TO EVERYONE - if you want to find out more, please reach out to me on [email protected]

#GetPaidToTravel #TravelTheWorld #GlobalBusiness

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Amol C.

Agile & Digital Nomad always.

4 年

Laurence Finn you nailed the importance of side hustle perfectly. I aligned to your thoughts in a worst situations one may face trouble in finance life at that time Side Hustles can help to survive. I have recently cover many other benefits of the side hustles here in my article https://bit.ly/3krGdaC. I just thought if sharing, you may find it interesting to read. Thanks for empowering the side hustles and side hustlers.

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