So far, you’ve learned a variety of different business models. In today’s lesson, I will go over a strategy that can be used in hand with every side hustle I’ve covered thus far. That being said, this topic is often deemed taboo in some societies and cultures. What is it you ask? Money.
If you are pursuing a side hustle simply because you love it and aren’t worried about making a profit, good for you! Keep doing what you’re doing. This is how my first online business started. Yes, I didn’t mind making a dollar here and there, but I was really into it for the happiness that creating dance tutorials gave me. I didn’t know about money back then; the media had made “rich” people out to be evil. All I wanted was a stable income that could pay the bills. Well, look at how that turned out.
Once I began to make money online, I quickly realized that money is actually a really amazing thing! It’s so empowering when you can deliver something of value to a customer while gaining financially.
Most of my courses online will teach you how to build a valuable, ethical, and moral business that produced income in a way that makes everyone happy. That being said, I don’t have much content on what happens after you receive your income. This is a common trend among teachers like me. In fact, I’ve had students make $30,000 a month and fail to quit their main job. They claimed it felt too volatile or risky. Now, this wasn’t because of what I had taught them. It was because of their poor financial decisions to splurge using their side hustle income instead of investing back into their business. Don’t be like these students!
The point of this post is to give you permission to be as successful as you can. It’s okay if your side hustle grows! It’s okay to splurge every now and then. It’s okay to let your online business replace your 9 to 5 day job! All you need to know are my few simple wealth principles.
Principle #1: Intent
To kick off this lesson, let’s talk about one of the most important works in finance. It’s not saving or investing; it is the word…