4 Reasons To Start A Side Hustle

Wouldn’t it be nice to have multiple streams of income? Even better, wouldn’t it be nice to make money doing something you love? Creating a side hustle not only can stimulate your bank account but can stimulate your mind and soul. There are many reasons to start a side hustle. For me, it was a way to go to school, pursue my dreams, and make extra money. I worked for a cosmetic company for years and loved it. However, the hours were insane and did not allow me to pursue my other passion, finance. I took my network and knowledge of the makeup industry and started my own side hustle. I spent my weekends making brides beautiful. It gave me a creative outlet and a way to make people feel special. By building a side hustle I was able to pursue my dreams and energize my life. Here’s why you need to start your own side hustle TODAY: Side Hustle Reason #1: It will give you an outlet to be creative What could be better than making extra cash and doing something you are excited about. You might love your job but I am sure you also have other hobbies that excite you. Starting a side hustle allows you to develop a creative outlet. When you are creative and use your brain in different ways, it helps inspire you in all aspects of your life. It can also stimulate and expand your mind. You will soon be filled with unlimited …

My Advice To An Entrepreneur

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My Advice To An Entrepreneur “What advice would you give to a young entrepreneur?” I was posed this question on Twitter by a follower named David Kopelman and 140 characters just wouldn’t do the advice justice, so this post is his answer (with a twist). While I believe that all entrepreneurs have things in common, I also believe that we are all uniquely gifted in our own ways and must build our businesses as such. So, instead of assuming I know what @DKoppelman1 is all about as an entrepreneur, I’m going to write advice to myself as if I were 22 again and wanting to take on the world — which almost perfectly described me at 22. Assuming I could go back in time to myself at 22, there are 6 things that I would coach myself on to accomplish more things in less time. In no particular order, they are: BE QUICK BUT DON’T HURRY. You often race through projects, books, training courses (and life), when slowing down and taking everything in would be far more beneficial. Be quick about what you do in the sense that most projects and tasks should take half or 75% as much time as you give yourself to complete them. You’ll learn this when you read The Four-Hour Work Week by Tim Ferriss. It will scramble your mind in a good way. Be quick to accomplish your goals, but don’t hurry through and assume that you’re going to be at a mastery level …

Investing In Yourself

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Investing In Yourself One of the things that has separated me from a number of my peers is the sheer amount of professional development that I’ve done over the past 10 years. I’ve spent $30-40,000 in courses, weekends, boot camps, books, CD’s, and webinars. And to be quite honest, that is a drop in the bucket compared to what some of my friends spend. (I know one very entrepreneurial couple that will spend $100k this year alone in professional education!) What amazes me is meeting people who question how much they’ll spend on a weekend training program or CD set. Spend is the operative word. What they’ll spend is a fraction of what they’ll learn and eventually earn using the information they obtained. That’s why I never perceive professional development an expense, but an investment. It’s an investment in me. And from past experience, an investment in me pays way better than an investment in the stock market, real estate, or going out on the town with friends. Let me suggest this… if you are someone that claims you don’t have enough money to do something that could radically change your world, then your not having enough money is only part of the problem. The rest of the problem is you don’t have the right mindset. Money is a very infinite thing. There is an infinite amount of money in society today. Trillions of dollars are flowing around the world right now as you read this. And yet, for most …

Uncle Sam Got Your Money?

Uncle Sam Got Your Money? Remember graduating and thinking, “now I’m going to make the big bucks”? Only to get your first paycheck and realize that Uncle Sam (or Uncle Scam as I like to call him) has taken 1/3 of your hard-earned money. Of the two greatest expenses we have in life — taxes and the interest expense on debt — the first you have either a whole bunch of control over OR no control over, depending on how you choose to be paid. How you choose to be paid is a tad misleading… if you are working for a company, you will more than likely be paid as a W2 employee. W2 employees fill out a W4 form that lists their dependents, how much should be held back for taxes, and if they are tax exempt. As a standard rule of thumb, the fewer dependents you list on your W4 form, the MORE taxes Uncle Scam will pull out. If you have very few deductions when filling out your tax return, you might get a little (or a lot) back as a refund. If you have plenty of deductions (things like mortgage interest, student loan interest, non-reimbursable travel expenses for work, etc.) then you’re going to be looking at a pretty substantial refund. For someone with lots of dependents, the amount of money that’s held back for personal taxes is considerably less. At the end of the year, if they’ve planned properly, they’ll owe little to no money …