A recent trend report from TrendWatching highlighted the increasing number of people who are supplementing their income with a part-time business. This report is full of resources that will help you find your opportunity for some spare cash.
It’s no wonder that so many people are jumping on this bandwagon. We’ve seen increases in our health insurance, our property taxes, and more. It sounds like there’s more to come.
The three-income family
Isn’t it interesting, though, that just a few generations ago, most families got by on one income? Then we added a second one in the household with more and more women joining the workforce.
I don’t think it was purely a financial decision. It was also about fulfillment for many women, but it certainly helped the family’s income.
Now a number of people can’t get by on two incomes. They need three or maybe more. If you find yourself in this position, it may be good to ask if all the obligations are really worth it.
Is that life on your own terms – being weighted down by the cost of things you thought you wanted? With careful analysis, you may realize they’re not so important – especially if you find you can’t enjoy life because you’re working so much.
So if you feeling that you need a third income, it might pay to look at your obligations to see if there are areas where you can cut. Spending time finding ways to reduce your obligations might get you further faster than spending that same time trying to make some extra money.
This new trend is about something more important than income.
Many of us now realize more than ever how much we want to be in charge of our own lives. The TrendWatching report mentions that people fantasize about being their own boss, even if it’s just for a few hours a week.
Bigg success is life on your own terms. You’re the entrepreneur of your life whether or not you’re an entrepreneur in the traditional sense.
Some people want to be the boss all the time. According to this new report, that trend is still alive and well. But more and more people are finding ways to be the boss at least part of the time.
They have the security of a full-time job along with the freedom that being in charge gives you part of the time. Freedom with security … what a great combination!
When you find fulfilling ways to make extra money in your spare time, you’re getting synergy working in the five elements of bigg success. If you make the right moves with that extra money, you can accelerate your journey to bigg success, to life on your own terms.
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Turning $3 into a multi-billion dollar business
One way that people are making extra money is by selling their expertise. Another way is by selling, or renting, assets. One clever example of this is ParkingSpots.com, which helps people rent their extra off-street parking spaces.
I heard Michael Krasny tell his story of the founding of what became CDW. Most of us have probably done business with them. They do a great job. Back in 1982, Michael had a used computer he wanted to sell. The Chicago Sun Times was running a special on classified ads – 3 lines for 3 days for $3. He ran an ad and his phone started ringing off the hook. He realized he had a business here. He was right – within about ten years, the business he started from that classified ad became a Fortune 500 company. Michael Krasny became a multi-billionaire, recognized on the Forbes 400 as one of the richest people in the world! Now that’s bigg success!
You never know … your idea for making a little extra money may turn into the next Fortune 500 company!
What do you do for extra money?
Share that with all of us by leaving a comment below. You never know … you might earn a little spare cash!
Thank you so much for reading our post today.
Do you think you don’t have enough spare time to make any spare cash? Please join us next time to see how one group people found the time.
Until then, here’s to your bigg success!
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(Image in today's post by penywise)