Are Side-Entrepreneurs The Weakest Link in the Company?

I was listening to my new favorite podcast last week - Nick Loper's Side Hustle Nation - and there was an awesome guest on, Chris Guthrie from Entrepreneur Boost.  In the intro, he said something that really struck me - my boss fired me because he found out about my side job and figured that my heart wasn't all into the company.  That sucks...but it got me wondering - are side hustlers and side entrepreneurs a weak link the company?   Where Side Hustling Employees Add Value I think, in many cases, side hustling employees are some of the most valuable ones in the company.  To be able to work full time and maintain a side hustle requires a level of execution that most employees simply don't have.  I would venture a guess that … [Read more...]

5 Tips on How to be a Better Negotiator

I don't know if you're like me, but the thought of negotiating makes me nervous. I don't want to offend the person who I am dealing with, but then I also do not want to get a bad deal at the same time. I hate to mention it, but I also don't want to look cheap. I'm guessing other people are like this also, or there would be more negotiating in the world! But in reality, you don't always look cheap. If you truly think the item is worth less, or that you can get a better price, then haggle! In today's economy, there is room for haggling at many stores. Not every store and place allows haggling and negotiating on their prices, but trying to negotiate won't hurt either. Trying because there might be something wrong with the items, when there … [Read more...]

Can’t Keep Up? 5 Ways To Simplify Your Multiple Income Streams

Developing multiple income streams means balancing different tasks all of the time.  If you're not prepared (mentally, organizationally, etc.), it can quickly get overwhelming.  In fact, I felt myself overwhelmed several times over the past year (just read my income stream report from November 2011).  However, I've found several ways to cope and push through the hard times, and I want to share them with you! Here are five ways that you can simplify your multiple income streams to make them work for you, and not have it be the other way around!   1. Stay Organized The first step is staying organized.  This can be a real challenge as you build multiple site, try to invest, or even own real estate.  I've found this to be a big issue as … [Read more...]

Self Employment – Beginner Mistakes

There are many benefits to being self employed, and that is why so many people are allured by the sound of it. Get to be your own boss? Check! Get to make your own hours? Check! Work at home? Check! Freedom? Check! However, there are mistakes that you might make in the beginning if you are too quick to rush it.  Being self employed and creating your own job can and probably will be very hard work for you, especially in the beginning. There are many things to think of and many things to be careful with.   Not Separating Money At first, you might have all of your income flow into one account. Eventually though, you should have your income and expenses come out of a business account.  It might seem easier to just have it all go in … [Read more...]

Should You Start Your Own Side Hustle?

What's a fast way to jump start your savings, increase your income and pay down debt faster? Get a side hustle! I am a big proponent of increasing your income, instead of finding additional ways to cut back. Mainly because there are only so many ways that you can cut back, but the amount that you can increase your income is endless. Side hustles can also increase your skills at your current position. Talking to others in your side hustle area can help you understand certain terms or common knowledge. Also, maybe your dream is to eventually make your side hustle your full time job. Having it as a side hustle first can help you decide if this is what you can do, if it's sustainable and so on. I have multiple side income, with online income … [Read more...]

How To Invest To Generate a Passive Income

Generating a passive income is hard to do, but there are many ways to do it.  I will cover the most common and basic ones here.  It is important to note that most income is not truly passive in the sense that no work was required.  However, in my examples below, you will see how the income is now passive since the work was done prior to the income being made. Passive Investment Income The first major way individuals generate passive income is through investments.  This can be done because many investments distribute gains in the form of dividends or distributions.  These dividends and distributions are income, and many people are able to live off of them. A common strategy is to put together a portfolio of high dividend paying stocks.  In … [Read more...]