SIDE HUSTLE XTRA - OVERCOME SALARY DEPENDENCY: Recent Episodes
Tawanda Collins Muzamwese
This Podcast is focuses on ways in which you can increase your income through a SIDE HUSTLE. It provides innovative ideas you can implement to enhance income beyond your job through the insights:
1) Overcoming salary dependency 2) How to start a side hustle 3) Typical side-hustles 4) Scaling up a side-hustle 5) Pitfalls of side-hustles 6) Mentality of side-hustlers 7) Managing your ego 8) Balancing a side-hustle with the 8-5 day job 9) The rise of online and remote work
PODCAST is based on the BOOK "How to Grow a Side Hustle into a viable business: Overcome salary dependency"
Millions of people believe their will start a side-business in retirement, but this is a big mistake. Start side-hustles whilst you have energy. The retirement package may not be enough
The episode provides information on how to make money remotely, through undertaking virtual work assignments besides your job.
This video introduces the key highlights of the book "How to Grow a Side-Hustle into a Viable Business - Overcome Salary Dependency".
- Salary is not permanent
- No employer keeps you forever
- Degrees are not a guarantee of success
- Typical examples of side-hustles - ULTIMATE 90
- Pitfalls to watch out for when starting a side-hustle
- Mindset of a Side-Hustle
Many people are losing their jobs due to downsizing and retrenchment. The rise of automation and Artificial Intelligence (AI) will further dampen employment prospects. Work that used to be done by people is being done by machines and computers as we are now in the digital age. It is pointless to wait to be a victim of job loss. Rather, what works is to start a side-hustle and make it flourish, such that if there is need to separate with an employer, you will have a soft landing.
When you start a side-hustle there is need to avoid pitfalls. Avoid under-performing in you day job due to a side-gig. Many people lose focus of their jobs due to the side hustle which is not yet proven. Another pitfall relates to the issue of avoiding crowds when it comes to trending hustles. Taking care of your health too, is key as well as ensuring that the side hustle is economically viable. It is also important to avoid waiting to be fired, in order to start a side-hustle. Early commencement helps in the event of a rainy day.
In order to ensure that the side-hustle is effective, there is need to ensure that a scanning of the external environment is done to ensure relevance. In addition, assessing your capabilities is key strategy. This episode unravels the 5 key steps to successful side-hustles.
Egos do not pay bills. One of the reasons why many people fail to grow their side-hustles is having a big ego. Therefore, in this episode we advise on the need to ignore the ego and what society says, in order to ensure that you can generate income. Some tags which society gives us and the job titles we have should never stop us from making money.
There are many reasons why people choose to do side hustles. Some of them include financial rewards. greater job control, pursuing a passion and horning new skills. The reasons differ from different contexts. Other just need a soft landing in case their lose their job. In this episode we explore the 8 key reasons why people partake in side-hustles.
- Financial Rewards
- Attaining job control
- Build a new career
- Wind up a day job
- Show diversity of skills
- Advance a "cause"
- Broadening a professional network
- Experimenting with business ideas
This discussion goes hand in hand with the fundamentals described in the book "How to Grow a side-hustle into a viable business - Overcome Salary Dependency".
However, there are other reasons as well why people undertake side-hustle. This episode can inspire you to leave the comfort zone and grow your earning potential.
This episode talks about some common side hustles which are gaining momentum in the 21st Century. An illustration of 90 income generating activities called the Ultimate 90.
This episode is an introductory session on how to come on how to overcome salary dependency. Although a day job gives relief through a salary, depending on it brings uncertainty. With a side hustle, no matter how small it is; you can begin to break the dependency cycle.
The comfort of being given the highest title in an organisation is short lived, as long as the organisation is not yours. This episode urges people of all titles to have an extra source of income just in case the rainy day comes. Even if you become the CEO of an organisation, if it is not yours, a day will come for your departure and you need a soft landing. The side-hustle is a possible answer.
In the 21st Century it is becoming clear that relying on a salary will not be enough to meet our financial needs. A SIDE-HUSTLE is becoming inevitable to secure financial freedom. Don't wait to be retrenched or to lose your job before you think about additional income through a side-hustle. The time is NOW!!