How to Earn More Money: My Journey
As some of you are aware (and most all of you will find ludicrous), I quit my job in May 2018 with no back up plan in place. I have no job, no steady source of income lined up, no fall back plan other than “I can always get another job mentality” and some savings to boot. The change has been challenging to say the least but I will say that it has been needed as I am finally coming out of my shell into a mindset and a place where I need to be.
So where is the place that I want to be?
Entrepreneurship. Plain and simple I want to own my business(es) and make money while doing it. I have always been an entrepreneur at heart – even while working for others – I would treat the business like it was my own. I know many of you reading this are the same way and adopt the same way of thinking. Rest assured that encompassing this type of mindset will get you far in life.
Back to my current situation. For as long as I can remember, I wanted to ‘build businesses’. However, there is something in that statement that is hollow and manufactured. It doesn’t sound like me and I have a hard time rallying behind that battle cry. It is like I am stuck in a boardroom with a bunch of suits talking about golf and their diets and their drink of choice. That is not who I am.
So instead, I’ve pivoted my mindset. Rather than ‘Build my Businesses’, I am now going to ‘Hustle’ on a daily basis. Not hustling in the street sense of the word, but rather making things happen, grinding, and being a person that seeks Radical Action on a daily basis. Specifically for 2018, my goal is to “Grow My Way to $5K (per Month) of Income ”.
The goal is to provide a monthly update of the progress I have made towards my goal. Since I am up against a learning curve for new skills and a new mindset, this might be an overly ambitious goal. But nonetheless, I plan to set it and achieve it with my utmost effort.
The Game: Growing My Way to $5k (per month)
Here are the rules and definitions:
- Active Income: Income made my trading my time for work. This could be any work that I get paid to personally do or that I have my companies complete.
- Passive Income: Income made through assets that I own. The goal is to make money in this fashion. However, to acquire passive income, I must first have active income to invest. There cannot be a ‘something for nothing’ proposition here.
- I will count active and passive income made during the month and share that via a post at the end of each month.
There you have it. Growing My Way to $5K (per Month) of Income is live! Look for a progress update in late July or Early August my friends. Until then, Upwards and Onward towards Financial Freedom!
Disclaimer: (1) All the information above is not a recommendation for or against any investment vehicle or money management strategy. It should not be construed as advice and each individual that invests needs to take up any decision with the utmost care and diligence. Please seek the advice of a competent business professional before making any financial decision.
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