I’ve been wanting to start a side hustle for almost 7 years now. For whatever reason, I haven’t been able to actually get started. As 2019 comes to an end, I have about 27 days left before this decade is over. I don’t want to spend the next decade living in the same regret so, effective immediately, I am committing to building a side hustle and taking action to follow my dreams.
First step is document my process of starting a side hustle. I have obtain the book Side Hustle: From Idea to Income in 27 Days. In this book, Chris Buillebeau outlines a clear, step-by-step process to go from an idea to income in 27 days. I plan on documenting my life and activities as I read through the book and put the contents of the book into action.
This is going to be bumpy and scary. I have a great job that pays extremely well. I have two mortgages and two kids that remind me that I can’t really gamble or take high risks because I have a lot of responsibilities. Going the side hustle route makes sense to me currently because it will allow me to keep my focus on my VERY demanding full time job but be able to utilize the early hours of each day to build something that I’m passionate about.
Alright, day one. Let’s jump in. Week 1: Build an arsenal of ideas. I’m going to learn how to generate business ideas that actually work. I have no shortage of ideas. Since I’ve been trying to do this for 7 years, I’ve come up with A LOT of stuff. Unfortunately, I’ve acted on NONE of those ideas. That changes today. Let’s keep going.
Day 1 is about predicting the future.
A side hustle has many benefits and no downside. It all starts with your answer to an important question: Twenty-seven days from now, what will be different about your life?
I’ve been in the tumble cycle on this thought for many years. Part of me has just always been scared to do anything. I have an idea of how I want my life to be different but not sure that it’s a good idea? Maybe I just want something simple. I can narrow my desires down to two fundamental needs. First, I want to be my own boss. I know I’m smart and skilled, but it’s not very motivating to come up with what I think are pretty solid ideas only to get shot down because they don’t fit the “mold” of the defense environment I work in. I want to have my ideas, see them through, and I get to decide if they failed or succeeded. I don’t want to take direction from someone else. Second is I just want to work from home. Commuting every day takes 1.5 hours out of my life EVERY single day. I love my job, but just the thought of commuting puts my day in a downward spiral.
Goal #1: I want to make extra cash to pay off my mortgage loans. I currently owe A LOT of money since I live in California and housing isn’t cheap out here.
Goal #2: The income generated from this side hustle will mostly be passive. However, as I get better at this, and if I ever generate enough to break from my full time job, I will want to pursue active passive income but on my terms. I’m willing to put in the 12 hours a day I currently put for my full time job.
Goal #3: I will exceed my income from my current job. Once that happens, I will work on getting my wife on board as she has a similar job as I do with similar pay. Both of us being financially independent and working on our own terms is a huge long term goal of mine.
A side hustle is like a hobby, with one big difference: most hobbies cost money. A side hustle makes money
Today’s conclusion is that I need to have a definition of what I want. I’ve mulled on this idea long enough to know what I want so that part should be easy. There aren’t any “actions” that I can identify in today’s chapter.
Thanks for reading, I’ll have an update tomorrow on the next chapter and will be documenting my thoughts and actions for each day. Hopefully I can motivate you to break out of your comfort zone and also start taking actions to accomplish your dreams and goals. As GaryVee says, you can’t get buff reading about pushups. You actually have to do the work to see the results. This series of documents will be my personal accountability to the community. I will succeed this time.