When I was in graduate school many, many beards ago, I built up a pretty decent little side hustle that was bringing in over $3,000 per month. I was able to build up to that level of income fairly quickly, too, starting with a few hundred dollars in profit the first month and reliably pulling in $3,000 per month six months later. Then, I built a very expensive information product with a short shelf life, but with the potential to double those monthly earnings for a very, very long time. However, within one year I had set fire to the entire business, burning up several grand a month in income. I have absolutely zero regrets.
Today’s post is about the differences between building wealth and building a job. I don’t mind working. I love to create jobs for myself that I enjoy. That’s the whole point. But you have to be very careful with the projects that you take on, because they can easily become time- and energy-sinks if you’re not careful. Your time may be way more valuable than the money. Continue reading “Why I shut down an online side hustle that earned $3,000 per month”