Simply Starting A Side Business
Simply Starting A Side Business
Tragically, there is a pretty big gap in Our education system when it comes to growing and saving Our wealth.
Wealth is built by decreasing Our expenses and increase the acquisition of assets that increase income and assets that gain in value over time.
“Becoming Financially Independent” by Ted Wind
This blog post is dedicated to teaching the art of the “Side Hustle” which has the possibility to grow into a truly lucrative business, and freeing Us from selling Our labor and time doing a nine to five job. After All, time is Our most valuable scarce resource.
In the past I’ve sold my labor and time to many corporations, companies, and even our government, while longing to be “free” someday. I found out that there isn’t anything better than working for yourself doing the things you truly enjoy and getting paid to do them.
Start a “Side Hustle” by providing a product or a service that solves a problem. I’m an Artist, an Affiliate, an Author, and a Blogger. I no longer sell my labor and my time.
I sell products that have to do with my company “The Simplicity Lifestyle” through different platforms. If you’re interested, one of my favorite platforms is Wind’s Gumroad Referral Link, but there are a lot out there.
I get to help others grow and save their wealth as well as provide valuable insights to helping people live a happy and healthy lifestyle!
I also get to just be myself on social media!
During my nine to five days I always struggled to “fit in” with other’s expectations, I was even “let go” from a couple jobs for being a round peg in a square hole. No one ever told me that I could make a living being myself. We can grow and save Our wealth just by being ourselves!
Saving is a great way to start investing, but starting a Side Hustle has the potential of putting Us in the fast track to becoming financially independent as long as Our Side Hustle makes more money than it costs.
A Passive Income Side Hustle is ideal because it doesn’t cost too much of Our precious time. Time, as you remember, is One of Our most precious finite resources.
If you’re interested in making passive income Wind’s Stickr Referral Link is like collecting rent from a mini billboard on your car.
Getting a rental property is also a great way to make a passive income, but many of Us don’t have enough expendable income to make that sort of investment. If you do have enough money to get a rental property, I highly recommend it.
Some other ways of making a passive income are creating an online course, blogging, having a “YouTube” Channel, writing a book, and investing.
These days it is possible to make passive income by offering helpful and valuable information on a whole bunch of online platforms!
It’s even possible to make Our own website if We want to. All We need is Content that others will find valuable. Here are Four Simple Steps To Worthwhile Content Creation!
-Observe a problem
Be here and now. Identify that a change needs to take place.
“I’m living paycheck to paycheck and I’m stressed out about money. I’m not cool with living like this.”
-Understand the problem
Look deeper, do the research, and simplify your findings.
“What actions do I need to take to get off this treadmill? Time to do a lot of research about saving money, investing, and creating true wealth.”
-Fix the problem
Create a goal, make a plan, and take action.
“My goal is to decrease the amount of money I spend on liabilities and expenses and increase my income producing assets and assets that gain in value over time until I am financially independent. Time to make a budget and start a Side Hustle so I can invest!”
-Share with people how the problem can be solved
Sharing valuable information and insights with others is one of the most important things We can do in life. We’re All in the same boat together so We may as well help each other out.
“I blog about ways to become wealthy and financially independent and post on All of my social media sites about the problem and the actions I took to solve the problem!”
Mutualism is a relationship between two groups in which both benefit from the association.
Another good Side Hustle is to become an Affiliate. Affiliate Marketing is a type of performance based marketing in which a business rewards an affiliate for each visitor or customer bought by the affiliate’s efforts. One does not need that many followers or friends on their social media sites to become an Affiliate.
There are different Affiliate programs out there so if you decide to become an Affiliate make sure to do your research. Wind’s ShareASale Referral Link is an Affiliate Program that I like If you’re interested.
When you make enough initial income, you can come up with a business name and set up an LLC (Google it for your states costs, policies, and requirements). Then you can get a business bank account and create a free website and use your social media platforms to showcase products that you enjoy. The lower you can keep your operating costs the better, then it will be easier to make a profit.
The beauty of the Side Hustle is that you don’t necessarily need that extra income at least until your side hustle starts making enough to free you from the “rat race.” You could then take those profits and make wealth from that wealth!
Of course, you don’t have to do all that with your profits, I just wanted to emphasize and illustrate the fact that no one has to be under the stress of living with a “fixed” income because money can always make more money!
We want assets that provide an income, like owning a rental property, or assets that gain in value over time, like Stock Shares, ETFs, and Cryptocurrency. I use Wind’s Robinhood Referral Link and LinkWind’s CashApp referral Link if you’re interested.
It’s like rolling a snowball down a hill, the snowball is small in the beginning but at the bottom of the hill it’s huge!
Just remember that it is easier to roll the snowball down the hill than to push one up the hill.
Go with what feels natural and you will never “work” another day in your life!
What I do doesn’t feel like work! It feels like self expression and play!
It is also not a good idea to ever compare yourself and your idea of success to anyone else’s, just “do you” and own it!
What’s really awesome about doing business in this way is that One Grows and Saves Wealth while helping others!
Welcome to a Life of Creativity, Freedom, and Possibility!
Are you looking for a way to boost your finances with a Side Hustle?
“The New Side Hustle Handbook”
by Andrew Richards
What It Takes: Vision, Mission & Culture
Value Props: Create a Product People Will Actually Buy
How to Build a Product that Scales into a Company
Designing a Customer-Centric Business Model
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