Looking for ways to boost your income? Maybe you are struggling to pay the bills, or you would like to meet your financial goals more quickly.
There are short-term income solutions… like getting a second, or maybe even a third job.
However if you know that you need more money and a long-term solution to your problem, you may want to consider a ‘side hustle’ and use your passions to help you earn money over the long-haul. With the right ‘side hustle’ you might find yourself replacing the income source you currently count on, and building residual income.
A Side Hustle
A side hustle is any type of employment undertaken in addition to one’s full-time job. A side hustle is generally independent contractor work that provides a supplemental income.
One way to increase your income is to pursue a side hustle that you enjoy. This will likely start out as something that you do part-time while you are still working at your original job. However, if you are smart about it, you may be able to grow a side hustle into something that brings in full-time income.
Create a Residual Income Stream
I am talking about residual income streams that work all the time, even when you’re asleep.
When it comes to residual income, you have to build a team of people interested in what you have to offer and then work with them, helping them build their own businesses… all the while generating residual income for you.
Make Money with Your Hobbies
My hobbies have for years revolved around health and wellness. To that end, years ago I studied, and obtained, my nutrition and fitness coach certifications.
Then I put my health and wellness passion – to good use. I started building a network marketing business promoting health and wellness.
I have been earning a living in network marketing for over 10 years. During that time I have built a brand, amassed an audience, and generated residual income. Simply put I shared my passion (and hobbies) for health and wellness with family, friends and my social media audience.
If you are interested in learning more about how I turned my side hustle into full time compensation, and residual income, schedule call and we’ll chat.