How to Launch a Side Hustle and Get out of Debt

A side hustle is not a part-time job. A side hustle is not the gig economy. It is an asset that works for you.  Specifically, an asset that works for you means that it can create freedom in more areas than just finances.  Brainstorm work opportunities that you’ve been dreaming about – don’t let perceived roadblocks stop you.

Motivation to push forward with a side hustle is the key to creating momentum.  Forget pyramid schemes or other get rich quick programs.  Above all, you have the ability to generate additional income by leveraging your existing skills.

You don’t need to risk everything to create a lucrative side hustle.  Keep your day job and use extra hours in the day to set up strategic systems that allow for automation to start generating additional income.  Most importantly, move your thought process from focusing on an hourly wage to opportunities that can generate passive income.  Everything from launching a niche blog, purchasing a rental property, or starting a digital marketing agency.

Combining a consistent side hustle with your day job creates freedom in your life and finances.

Finally, when you launch a successful side hustle the increased confidence and flexibility will give you the ability to think bigger about your life.  Living in freedom allows for an incredible amount of unique opportunities.  You’ll have the ability to put yourself in the path of growth – find people and work that creates space.

Find your motivation.

  • Define the reasons you want to launch your side hustle.
  • Write out what you want to accomplish and how to get there.
  • Define measurable goals that allow you to stretch yourself.

Find your path.

  • Once you’ve defined your side hustle start moving forward.
  • Read articles from experts and learn what others have done.
  • Talk with mentors and friends about your plans.  Have them keep you accountable as you move forward.

Find your network.

  • Network with others that have similar interests.  If you choose to start investing in real estate, start networking with other investors in your city.
  • Learn from others how they started, what tools they used, and roadblocks that caused pain.

Put your plan together to pay down debt.

  • One of the most significant drivers for your side hustle could be paying down debt that has sitting around for years.  Use the additional funds to focus on your highest interest accounts first.
  • As you make progress and get rid of debt altogether, you’ll find freedom in knowing that you created a side hustle that isn’t only giving you freedom in life, but also in finances.

5 Ways to Get Things Done – The Difference Between Ideas and Action

5 Ways to Get Things Done.

I want so much more out of my daily life. So much opportunity to grow, build, and help people – it becomes overwhelming when trying to figure out where to start. Sometimes figuring out where to start is exciting and allows me to take part in new opportunities that I would have otherwise never have been able to experience.

My experience includes:

– Being one of the first employees at a successful Saas startup sold for $110M
– Managing a software product with 1000 enterprise customers
– Being part of one of the largest enterprise software companies in the world
– Starting a real estate investment company during the crazy days of 2009
– Launching a number of small online ventures (these are mostly to keep my mind creative and nimble)
– Building and selling a job board to popular industry blogger
– Purchasing and managing an existing online business that generates revenue from subscriptions and one-off sales.

Each of these experiences started with fear of the unknown and many thoughts that revolved around failure. Most of the “fear of failure” thoughts had to do with wondering what other people will think of me if I crash and burn a new venture. At times, I find my identity in what people think of me versus believing the truth about who I know I am. I continually remind myself that I live to serve other people and my ultimate goal isn’t to win everything. My ultimate goal is to make people around me successful and help them move forward.

I’ve also had some new ventures not work out as expected. I try not to call these failures, but learning experiences and “paying tuition” to the School of Hard Knocks. I’ve learned a lot about myself when going through the decision making process around laying a new idea or venture to rest. Its tough, but completely necessary when viewing everything through entrepreneurial lenses. It can be very fulfilling to “fail fast, fail often” – this is the only way to create a product or service that others are willing to pay for. The best way to stay motivated when thinking about potential failure is this: “fail until you don’t” – if you’re innovative, talk with potential clients, think about how to keep shipping product, you will eventually find something that sticks.

While not all of these were ideas failures, some never really had the opportunity to succeed…I become board with the idea or realized I didn’t have time to pursue it. Many times I start something and realize that I have a better idea – the first idea or opportunity fades away because I choose to move on. I’ve learned that moving to action too quickly can be tough because it can be easy for me to leave projects unfinished. I’ve come to the conclusion that this is common with entrepreneurs – its easy to keep moving forward and leave half baked ideas in the dust. Life’s too short to focus on something that doesn’t fit your passions or create excitement when you wake up in the morning. I’ve had to force myself to focus on quality ideas and work to complete them.

I have big goals for myself….and I usually accomplish them when I put my mind to it. A visionary at heart, I don’t care much for the details so I push myself for big accomplishments. These accomplishments don’t just happen – actions need to be taken, risks managed, and fear overcome. Dealing with fear of the unknown and pushing ahead to get things done defines the daily tasks of any entrepreneur. Its a constant mind game that needs to be

1. Trust
Trust is huge when dealing with fear of starting something new. Entrepreneurs need to trust people around them, trust themselves, and be confident in the direction they have chosen.

2. Identity
When building a company or joining a new team, your Identity is very impactful to everyone you will work with. Knowing who you are and what you believe will help you deal with fears of failure. Usually, fear of failure is just a lie that needs to be shut down. Move forward with what you’ve been called to do and be strong in your identity. Don’t let other people tell you who you are or where you should get your worth.

3. Passion
Passion about new ideas, brainstorming, love of new things, building companies, and growing teams is exciting for entrepreneurs. Keep momentum going by staying focused on your passions. Don’t let fear take you off track and over analyze situations. Go for it and start taking action – you’ll never regret starting something new – you never know until you take the first step.  Move forward and get something on paper, make it happen and you won’t have any regrets.

4. Network
Your network is major aspect of helping you move past fear and get to action. Stay close to people that will encourage you, guide you, and help you navigate the trials of life. Close friends and colleagues will get you through tough times that require hard decisions. Listen to mentors- they will see things from a different perspective and can provide guidance that is extremely valuable. Don’t live in a vacuum, let others into your life.

5. Focus
Overcoming fear and moving to action takes serious focus. Don’t let fear of failure cause your focus to slip – make goals each day and get them done. You’ll have a million excuses as to why something won’t work out – dig deep and take action. Its a unique ability to take an idea and turn it into a real company.

Overcome fear and don’t let it cause you to be stagnant – take the challenge and move to action. Your identity isn’t what other people think or say about you. Know who you are and help other people along the journey. I challenge you to step out of normalcy, think differently, impact people for good, and use your skills to create something that leaves a legacy you can be proud of.

Entrepreneurship is a great adventure – overcome fear and move to action.

10 Ways to Set Goals and Accomplishing Important Dreams

I’ve created a practice of setting big goals on a consistent monthly timeframe. These goal setting sessions are more of a brainstorm, go big and think about the impossible.

  • Focus
    • Stay the path and do what I know is right
    • Stay consistent
    • Do work that is based on the leading of the holt spirit
  • Adventure
    • Live life on the edge of the next adventure
    • Seek new business opportunities
    • Think about how I will look back on experiences, helpful or normal
    • Quit the normal and follow the Holy Spirit
  •  Opportunity
    • Put myself in the path of opportunity
    • Stay loyal and respect authority
    • Define opportunity by Jesus’ rules