Do This Before You Quit (WHW #18)

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Good Financial Cents TV

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What’s up everybody? Back with another Wealth Hack Wednesday! I just had lunch with a guy that I have known for a while, I will share who he is later on. During this lunch meeting, he said something that really took me back to my beginning days as a business owner. As someone that wanted to start something, but didn’t know what I wanted to start or how I was going to do it. ? What he shared was, he had a website that for 3 years he was investing about 10,000 a month. Thankfully he had another business that was profitable and allowed him to do that. He had a vision of what this was going to become. He was just trying to figure it out along the way. I’m not saying that you need to invest $10,000 a month into your side hustle, not many of us can do that. Fast forward to present day and he has a $100 million company. All because he was willing to invest in himself, his idea, and the vision that he had 5-6 years ago. Now for me, with my blog, I had my financial planning practice and for the first 2-3 years I was investing into the site. I wasn’t investing that much but there was $500 here and $200 there. I was investing my time because I had to answer to a higher power (my wife ?). She wasn’t necessarily all in with the vision that I had. So when I was doing this, I was doing it in the most frugal way possible and avoiding splurging on a lot of things. I still had to invest something - whether that was time, money, resources, etc. Most people fail to see this. ? They have a job and they want to just quit and jump into this side hustle. This guy who has a $100 million company, he was still running his business. He was working 60 hours a week making sure that he could have the income to support his ongoing expenses and fund his new business. The wealth hack I want you to take away from this is if you have an idea, it should be your side hustle. Something that you work on when you get home from work, or on the weekends. ? Most people want to hang out after work and chill. They want to hang out with friends on the weekend. But if you want to have something different, you have to DO something different. I don’t have a million dollar company yet, but I do have a 7-figure business and working to be 8 figures. Maybe if I rub elbows with this guy I will learn some things that I need to do to get there. At the end of the day, you have to do something different to have different results. One way to do that is to have something on the side, and be willing to invest the time to make something of it. What is your primary goal? Is it to help others? To solve a problem? If that is your motivation, I feel like the money will come. It is all about serving others first. You have to be willing to take some of your extra money from your current job, your time, and other resources and invest it into your dream.