Your job, your employer, your boss is only providing you one income stream. Just one.
You cannot build wealth with one income stream. You cannot build financial security with one income stream. You can no longer retire as comfortably (or at all) as you would like with one income stream.
Yes, you can hustle at your job. Get that employee of the month award. Get that promotion and raise. Just make sure when you come home you’re writing, or blogging or building your YouTube brand. Maybe you’re into website building, graphic design, or preparing taxes. Just don’t sleep on yourself. You’re worth more than any W-4.
Last year, I wrote a short eBook sharing five tips I use to market my side hustles. Many people did not and still don’t believe me that Craigslist helped me turn my notary hustle into a part time notary business.
What’s the difference between a side hustle and a part time business (or a business in general)?
A dedicated bank account
A dedicated website, self-hosted
An email address ending in your website domain and not in gmail, yahoo or msn
A separate business phone #
Business cards (yes, business cards still work)
I even had to explain to a woman in my LinkedIn notary group how I’ve been success using Craigslist to market myself because she didn’t believe it either.
I break it down in five simple steps that are not just applicable to notary publics, but anyone who has a service based hustle. It’s not magic and it’s not an overnight gimmick, but it does work. I’m using these tactics to this day, every week.
No, you don’t need a $1,000 to start saving. Five dollars will do just fine. But save. And regularly. Saving is one element of building wealth and creating more income. Saving allows you to create a security net that doesn’t require you to borrow money from family and friends and definitely not a payday loan place.
You become your own ATM. You become your own bank. But in order you need to start saving. And monthly. And yeah, it could be that five dollars you have extra. Put it in the bank. Don’t touch it. Add to it. Keep working. Keeping adding to it. Watch it grow.
And if you, save more. That’s always the goal. The more you save, the more secure you’ll position yourself in case of an emergency. Or… an opportunity.
“As part of the First Women campaign, Jane Walker and IFundWomen have teamed up to help create more opportunities for women to achieve their goals. Through this program, 15 groundbreaking women-owned businesses will be selected across the Entertainment & Film, Music, Sports, Journalism and Hospitality industries to receive a $10K grant plus a one-year Annual Coaching Membership on IFundWomen.”
California is offering grants for small business to help them combat the strain and pain of lost business as a result of COVID-19.
The deadline is January 8th, so you still have time to apply. Grants will range from $5,000 to $25,000.
To qualify, your small business and non-profit must not exceed revenue of $2.5 million, hold a certain number of employees, which can also just be you, if you’re an independent contractor and have been in business since June 2019 and plan to re-open again.