Tag Archives: Hustle

How to Turn Passion into Profit Part 2

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Transitioning or setting yourself on a pathway to success can be very challenging. You have to give endless time and money into making your dream come true. Once that dream comes true, many people never see all the sacrifices you have made, the rejections you have heard, or the feeling of maxing out your credit cards to the point of no return. Well, there’s always a point of return and that’s called success or return on investment.

If you treated your life and your business like an investment, how much would you be willing to invest in yourself? I have been in the publishing industry for about 12 years now and you wouldn’t believe the amount of people who expect free things. From attending book festivals for free, wanting free publicity, to wanting free books. Now don’t get me wrong, free things are nice, but you often get what you pay for. It often makes me wonder how much are these individuals willing to invest in themselves. How much are these individuals willing to help build a community in which we reinvest in each other.

Years ago around 1920, during the times of Black Wall Street, it was said that the black dollar circulated within the community at least 36 times. Do you know how much we could build as a community if we reinvested in our own neighborhoods just by turning our passions into profit?

Well, I’m here to tell you investing and re-investing in yourself and your community can help you turn your passion into profit. Turning your passion into profit is about doing what you love and getting paid to do it. This could be in terms of public speaking, investing, writing books, or other ways in which people will pay you for your expertise.

What I want you to do is assess what you love to do and ask the following questions: Is this something I love? Can I make money from doing this? Have I been making money from this passion? What is holding me back from doing this full-time or part-time? Am I being realistic with myself?

Now I would never tell you to quit your job to pursue your passion. How else would you help fund your passion? I will say where there’s a will, there’s a way. You have to evaluate your goals, objectives, and determine what’s best for you.

Check out my latest book release coming soon. This book can assist you with organizing your passion and working toward bringing it to fruition.

Work, Hustle, And Invest

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One thing I’ve heard from individuals, especially those who are successful, is to create different streams of income. Creating different streams of income allows you to diversify your income streams.

I remember when I worked for a non-profit organization about 8 years ago. Our Workforce Development Director talked with the staff about not relying heavily on funding from one entity and diversifying our income streams as an organization. This really worked in her favor, because there was one funding source that had decreased drastically. Now there were a lot of changes made and she had to lay off some staff. However, she brought those individuals back once she had the opportunity. 

Work

This is your main source of income. This income should allow you to pay the majority of your bills. This source should, but doesn’t necessarily have to, allow you to obtain health insurance, life insurance, and meet your basic needs in life. This also should be a job you enjoy. Have you heard the saying from Winston Churchill? “If you find a job you love, you’ll never work again.” This is true.

Side Hustle 

The side hustle should be something you love to do to generate additional income. Whether it’s creating and selling books, baking and selling cookies, or creating marketing material for companies and individuals. Now a side hustle can definitely turn into permanent work. It just depends on you, your market, and the needs of your customer. Once you figure out if there’s a market for what you’re selling, you’ll be able to determine your next steps.

Investing

This allows you to sit back and let your money work for you. Now there is some work involved, such as researching companies, selecting a great investment, and continuing to watch the market and what’s going on in the news, and reallocating your investments if needed. Work on finding a strategy that works for you and your pocket.

~Work, Hustle, and Invest