“You have power over your mind — not outside events. Realize this and you will find your strength.” –Marcus Aurelius
Have you made a decision to leave your current job and want to be self-employed? You are so tired of the others making decisions what time you show up and when you can take a break or if you can take a vacation for three weeks. If you find these are pressing issues for you, then you must create your break-even level of income to sustain yourself and to meet your financial needs.
The self-employed have several assets that make it possible to succeed. They make a decision for the type of work they like and when they want to work and where they want to work. They like the freedom to choose. I found a great site that caters to those who love the freedom, variety of work experiences and enjoy meeting new people. This site will give a breakdown of industry jobs and where the jobs are. One link is TaskRabbit.com, another is mealshared.com and Airbnb.com are examples of the shared economy. Check out jobmonkey.com for a list of some of the shared economy offerings.
Breakeven income is an important calculator. What is breakeven? This is the minimum amount of money you need to sustain your lifestyle. You must have this number and write it down. There is something to develop your mindset to create an income you desire. I recently had an experience that I would need $3000 per month. I wrote this number down. and looked at ways I could bring in $3000 per month.
I have some special skills in health care in which I have a licensed and specialized training. I signed up for health staffing agencies. I chose that I wanted to work 13 weeks at a time, no night shifts and within 100 miles of my home. So far this has not produced offerings that meet my criteria. I have had 2 phone interviews and the jobs were not a good fit. My application is still in the funnel.
My other skill is I am a great backyard gardener. I have more than 5 gardens around my home, container gardens, rose gardens, succulent gardens and raised beds. I just recently started to rebloom orchids. Why is this backyard gardening skill important? The benefits are that I enjoy working outside, getting immersed and playing in the dirt and observing what comes up from the soil. I do not have to depend on others to tell me when to work and how to work. I have the freedom to choose. What can I do to create an income from this skill? Start small is the entry point. Take videos and photos of my success. Write a blog and create a facebook group or a private board such as Trello.com and find others who like similar ideas. Share my ideas and results. If this is more than a hobby, I need to organize with the correct legal entity. credit suite.com.
My third skill set is how to make money from the stock market. I have been training with mentors for the past 3 years. I had set my minimum target income for the month at $3k per month. If you are a follower of the stock market, forex or cryptocurrency news, you know there is a wide swing in these markets and it is difficult to time and you must have strategies to make money in down times, up times and neutral markets. Well, I practiced and practiced and finally this month I made $6000 in a week. I wrote down my trades and kept a log. I decided to try this method with several accounts and this became a winner for me. Now the next step is to write down the steps, share them with others and see if they work as duplication. The benefits of investing and trading in the stock market, forex or cryptocurrency, I do not need an employer to dictate my time, I have the freedom, there are no requirements about age, ethnicity or class. I simply need an internet connection, laptop and to be a willing student to be patient, persistent and consistent. If this intrigues you connect with me Monetizeyourpassiontoprofit.com.
I hope this is helpful and you find your passion to profit. Mental mastery is to know what is important to you, know your skill sets and not wait on others to motivate you. Know what type of work or service you want to perform and why you are drawn to that and take steps daily toward your one major goal (OMG).
Happy investing and creating today your tomorrows
Chari Farmer Ogogo