By John Sage Melbourne
I yap about developing a wealth mindset. It’s not just about being clever about saving money,but likewise quite about opening your mind to chances to make more money. Starting a side hustle– or an additional earning endeavor in addition to your ‘day job’– is a powerful method to grow your wealth.
Let me show this with a story.
Josh is a 25-year-old graphic designer living in Melbourne who makes $56,000 per year at his full-time job. He likes his coworkers and the ambiance at his company and has no plans to leave. One thing many of his coworkers do not know is that Josh makes an additional $100,000 a year from his side hustle– a dog-walking company that he introduced 3 years ago while still a student.
Josh began walking pets for $5 a walk as a method to make some additional money in between classes after seeing a posting on a school message board. Now he’s making practically two times what he makes at his workplace job just from this simple business idea.
He still lives in the apartment or condo he had in uni and invests practically 100 percent of the revenue he makes side hustling. Because of his side hustle,Josh is presently on pace to have $1.5 million conserved by the age of 30 (in just five more years).
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If you desire to make a great deal of money quickly,you need to diversify your earnings streams by developing one or more side hustles– moneymaking ventures outside of your full-time job.It’s one thing to make a few additional dollars on the side so you can head out to a nice dinner or purchase a nice pair of shoes,but if you desire to reach monetary self-reliance as quickly as possible,you’re going to need to up your side-hustle game. You need to move beyond simply trading your hours for a limited amount of money and shift to thinking of side hustling using the enterprise mindset.
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