Motivation

Create the Economy of You

More and more people are starting up side jobs to earn additional income. With that being said- I wanted to share this quick read by Kimberly Palmer:

“During the height of the recent recession, with new rounds of layoffs happening weekly, I realized something: The chances of me holding onto my current job for the next thirty-plus years was about as likely as me landing a spot on Survivor and actually winning the million dollars. I needed a back-up plan, or another source of income that would save me if my primary one suddenly fell through.

That back-up plan turned out to be my side-business of selling money planners on Etsy. Soon after I got started, I discovered a whole world of people doing the same thing – launching side-businesses to supplement their income. Not only does it provide greater income – and the incredible satisfaction that comes from creating a product or service that helps people – but it also works as a safety net. If our full-time jobs ever do disappear, our side-businesses are there to catch us.

Given those benefits, it’s no surprise that almost one-third of the freelancers on Elance.com also have full-time jobs, or that over 7 million workers, around 5 percent of the workforce, hold more than one job. Side-gigs are even more popular among young Americans: The Young Entrepreneur Council recently found that one in three millennials have launched one.

After interviewing over 100 side-hustlers, I learned that the successful ones tend to share these three traits:

1. They are intimately familiar with what motivates them, and it’s often something big: A new baby, a layoff, or another major life change. They use it to stay focused during the challenging parts of growing a side-business.

2. They pick side-businesses that leverage their existing skills, resources, contacts, and interests. Their ventures often enhance, rather than conflict, with their full-time jobs.

3. They keep their expenses low, which includes start-up costs. Since you can launch a side-business with very little cash by using existing infrastructure — freelance websites, e-commerce sites, blogging platforms, social media – you can usually get started for less than the cost of a nice lunch.

Building a side-business often starts off as a quest for financial security – but ends with much greater career satisfaction.”

Kimberly Palmer is the author of the new book, “The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life,” and senior money editor for U.S. News & World Report, where she writes the popular Alpha Consumer blog. You can also connect with her (and download free worksheets along with pre-order goodies) at bykimberlypalmer.com.

A Typical Day for a Networker

Think you’re too busy? GOOD. We love busy. How bad do you want your business to work for you?

Monday Motivation

Will Smith – Ultimate Motivational Speeches.

It’s a little long, but worth the watch. Have a wonderful Monday!

Monday Motivaion

“Choose yourself as the ocean, so that everything you do emanates out like ripples. Moving the earth, enhancing your life, and the lives of all the people around you.”

– James Altucher

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