Should You Have A Side Hustle OR Focus On What You Have At Hand

Grant Cardone! Ever heard this name. If not, search on the internet and you will find his name. He is the author of the book - 10 X rule. His book focuses on how to evolve your business 10 times as fast as what it is now. He says that you must have a die hard passion for what you are doing. The book focuses on Massive Action for whatever you want to do. The first step is as usual - To identify a goal. Next is to have a plan in place. And the third but the most important and the obvious one is Massive Action. Without Action, you will achieve nothing. And for this you need to focus on one and only one thing. 

There is second thought, however. I don't remember the author, but it is probably Kiyoski OR Investment Guru Buffet. He says that you must have multiple stream of incomes. When this happens, you will not be dependent on one source just in case it fails. It can also be called as Don't keep all your eggs in one basket. Multiple stream of incomes can include anything - side hustle, part time job, consultancy, royalty, investment, income through assets, shares or alternative investments, etc. 

You might agree with both thought processes. And both thoughts are powerful too. I personally believe that everything can be a success if proper time and efforts are given to any task. Unless of course, nature, government, rules or technology interferes and changes your world upside down. For this second reason, I recommend the second thought. However, to put it in perspective it is also necessary to give some time to it. What can you about it? See if the below thought provokes you.

You must be doing something which will take your maximum time and is your primary work giving you primary income. To have some secondary source of income, you must first build assets instead of spending on liabilities or what you call as 'spending on your needs rather than wants'. Once your assets are build, they should give you income which will be more than your needful expenses. This will give you financial freedom. If you want to do something part time or side business, then you must give it time. Unless, you have something automated or you have some person/team/system in place to take care of your side business/income. You must strictly follow the rules for that. Either you give a couple of hours daily or you give continuous block of time on your holiday. Even if you give 7-8 hours on weekend, you would be working close to 25-30 hours in a month. This is not a very small time. Think about it.