Things have been tough, for a lot of reasons. I'm being forced out of my home and my core business (the one that generate all of my income) is hanging on by a thread. My back is against a wall and I need to do something in this next year or I'm going to be in trouble. The time to act is now.
I've found myself at a crossroad. I know there is no future with my business. These are facts. Website design is a dying industry. The numbers don't lie. Yet, it's hard to say goodbye. I'm very well aware that I need to build up my second business and I need to do it before the end of this year. So that means I should be spending every second working towards building that up.
But that's easier said then done. The facts may state my business won't exist in the future, but I'm needed now. A lot of businesses currently rely on me to well... do business. If I shut down tomorrow, they would suffer, struggle and potentially have to shut down themselves. That's a lot of responsibility for someone who's being forced to move in with his parents because he can't financially survive anymore.
So what do I do in this situation?
I need to stay afloat to prevent others from drowning yet they're not giving me the resources to stay afloat myself.
So I find myself still working my ass off to save these businesses instead of working my ass off to save myself.
When you're on an airplane, the flight attendants will tell you in the event of an emergency, place your oxygen mask on first before helping loved ones. That's because if you don't save yourself first, you won't be able to help those around you.
It's an interesting concept and I need to do something about it.
If I know my business is going to fail in 6 months or 3 years, why should I wait for the inevitable when I can take action now? It's time to rip the bandaid off and just quit. My goal here is to calculate my bare minimum expenses (car, food, phone, etc) and then strip out all the other expenses. Then multiply that number to get my yearly salary requirement. For me that number is about $26,000.
So, it's my plan to save that amount in the bank and then cut the cord. Something I've been wanting to do for a very long time. And then the clock starts ticking on that day and I have exactly one year to get things off the ground. A full time job of trying to monetize on my dreams.
Like ripping off a bandaid, it's going to hurt. Life will be a struggle, but I'll fuel that hunger, frustration and passion into motivation to see it through. I'll have no choice and no safety net. Failure is not an option.
My question for the readers of this newsletter is the following. What is something I can do part time to generate income that doesn't involve a lot of brain power? I'm going to be on a daily grind, but any additional income I can make throughout the year is only going to buy me more time. I need something that feels automated so I can just sort of zone out and get it done. An example of this would be like a cashier at a small store, but ideally something that pays more. If you have ideas, I'd love to hear them.
My plan is still sort of scattered at this point, but I'll keep you updated as I figure more and more out.
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