Wednesday, July 11, 2007

How do you hustle?


The first Habit of Money is to HUSTLE. The word hustle has been used to define a 70's disco dance. It also means to get money by cheating someone. It also means to sell something (usually drugs) for money.

I'm here to redefine the word for our generation. To be a Hustler or to HUSTLE means to make money. To HUSTLE is the first Habit of Money and the first building block of financial education.

How do you HUSTLE?

For most of us, we've got a job. For us entrepreneurs, we have our own businesses. There are pros and cons to both ways of life. Having a job means having a steady paycheck. We know we'll get paid on the first and fifteenth. We get benefits, stock options, health insurance for our families. The cons.... other people tell you when to come in, and when to leave. They tell us what we do and how much we get paid. The government bites off at least a quarter of our paycheck before we even see it.

Entrepreneurs live opposite lives of job holders. We have to build our business. We take on all the risk. There is no steady anything, especially in the building stages. We buy our own insurance and there are no "benefits." In exchange, we create our own schedules, keep most of our money, and control how much we earn. The sky is the limit when it comes to building a business.

Most of us are comfortable in the way we HUSTLE. I used to be a snobby entrepreneur. I thought: It's my way or no way at all! I'll never work for someone again!
Some people see the corporate ladder as the best way to get up. They like security and being able to see "What's next?"

I think that we can learn something from each other. As an entrepreneur building a new business, we need to pay our bills. That may mean having a part time or full time job. It's not forever, especially when you have vision.

As salaried employee, we've got our bills paid. But that's it. We are just getting by. Wouldn't it be nice to have more for ourselves? Wouldn't it be great to start a business without any of the risks and all of the rewards?

By adding another hustle to your current hustle, you will be able to earn more money. This means that you will be able to pay yourself more and pimp more dollars. Getting you that much closer to money mastery and financial independence.


Hustlers take ACTION:

1. Make a list of your hobbies, expertise and passions.

2. Brainstorm with someone on how you can turn your passion into cash.

3. Email me your ideas.

4. Get started today!

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