avatarSpiritworth

Summary

The article discusses the challenges and importance of starting and committing to a side hustle amidst economic uncertainty and the abundance of information.

Abstract

The author reflects on the difficulty of starting a side hustle, despite being inspired by various podcasts and resources such as Side Hustle Nation, Side Hustle Pro, Side Hustle School, and My First Million. The article acknowledges the problem of consuming too much information without taking corresponding action, emphasizing the need for more production and less consumption. The author has experimented with different side hustles in the past, including freelance writing and participating in tests and surveys, but recognizes the lack of focus and intentionality in pursuing a scalable venture. With the potential of a recession looming, the author stresses the necessity of having multiple streams of income and taking control of one's financial situation, rather than relying solely on external circumstances. The article concludes with the author's commitment to a more focused approach to side hustles, preparing for tougher times ahead.

Opinions

  • The author is a proponent of side hustles, as evidenced by their engagement with various related podcasts and literature.
  • There is an overabundance of information on side hustles, which can lead to analysis paralysis rather than action.
  • The author believes that a side hustle should be more than just a source of extra income; it should have the potential to scale.
  • The article suggests that economic downturns necessitate the development of multiple income streams for financial resilience.
  • The author advocates for a proactive stance in personal finance, suggesting that individuals should shape their circumstances rather than being shaped by them.
  • A focused and intentional approach is deemed essential for the success of a side hustle.
  • The author implies that tough economic conditions can serve as a catalyst for action and productivity.

Why Starting a Side Hustle is So Hard

All those influencers make it look so easy

Photo by Diggity Marketing on Unsplash

I’m a big fan of the Side Hustle Nation, Side Hustle Pro, and Side Hustle School podcasts.

When I really think big, then I dabble with the My First Million podcast.

I’ve also got the Buy Button book, which is full of interesting side hustle options (check it out HERE).

And there lies the problem.

There’s been a hell of a lot of information, great quality information, without much action from my end.

Too much consuming and not enough producing.

To be fair, I have dabbled a lot with side hustles in the past.

Some were better than others.

But it’s been a while since I’ve committed to one path — structured something that can scale and isn’t just about earning pennies on the dollar.

Focus and intentionality have been missing.

Sure, Medium is part of the narrative. And I’m learning a lot in the process. It just needs to be part of a much bigger picture.

And that’s particularly the case if we do find ourselves flailing around in a full-blooded recession. Multiple streams of income will be what it’s about. You can’t just rely on the system and circumstances to magically work in your favor. At least that’s how I see it.

But it won’t be just me.

When the going gets tough, the tough will get going.

If things really do get challenging out there, I have no doubt many of you will roll up your sleeves and get things done.

As the saying goes:

Nothing focuses the mind like the sight of the gallows.

At the end of the day, it’s better to dictate circumstances, rather than have circumstances dictate to you. So I’m going to keep plugging away in my side hustle pursuit. With a bit more focus. Let’s see how that plays out.

Join as a member to get access to thousands of Medium writers. Tap this link.

You may find affiliate links within this article.

Side Hustle
Medium
Make Money Online
Passive Income
How To Make Money
Recommended from ReadMedium