Personal Finance

Work your passion and you are minutes to your financial goal

by Editor

March 3, 2013 | 4:58 pm
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People are looking for ways to save everywhere. Looking for ways to earn, too, is even better. How far ahead in your financial goals could you get by actively pursuing both? Believe it or not there are easy ways to do that. And even better than earning, is earning and doing something you LOVE.

Sound like a pipe dream? 

We’re not talking becoming Trump’s biggest rival in your financial endeavors (although that’s certainly a goal worth shooting for), but doing something a little more modest with that side income, like paying off a loan or a credit card, paying for your child’s education, or even adding to your retirement nest egg. Whatever area you’re looking to increase your cash flow in, you can do it and do it with pleasure.

Sign me up! 

What is it that you love? Helping people? Writing? Golf? Teaching? 

Once you’ve identified that, then look for places to use that passion. Writers can make money from home – especially stay at home moms looking to work when the kids are sleeping or at school. Or if you like helping people, maybe you could start by helping the elderly in your area get around or take care of their errands. People with a penchant for teaching could tutor online. The Helping Industry is a bottomless one, so there are many opportunities available.

So now that you know where you want your passion to go to work for you, what do you do next? 

Invest in it. Don’t expect any return if you aren’t investing in you first. That doesn’t mean go all out. It means be smart. And something you can’t live without as a business owner are business cards (you can even get them free at Vistaprint). You’ll also need to rely on something besides word of mouth (and Facebook) to advertise for you. Use your investment money wisely and get going. Look for places that need your passion and put the word out there.

Work hard. But that’s really the easy part because you are doing what you love. Although, it does require a little sacrifice, it isn’t impossible to work full time, handle family responsibilities and nurture your side business. It just means you’ll need to be a little creative to find the right time to work on it. Working one or two weekends a month might be an option for the kind of work you want to do. Or maybe you can even work from home daily. But, as long as you are willing to make that sacrifice, you will soon see a return on your passion.

Be patient. The first 100 people you approach may not work out, but that 101st person might end up being the boost you need to pick up your momentum. Patience and perseverance are the name of the game when you’re promoting your passion to make a profit.

So don’t get discouraged. Take this time to learn as much as you can about business management, marketing, and your passion in your spare time. And you’ll put yourself on top of your game while you’re waiting for that 101st person to notice you and what a magnificent job you do.

Eventually, you will find that 102nd person who appreciates your work, and that will lead to the 103rd and 104th. When that day comes, then you have to push forward in your original financial goal. You set out to put away cash for your son’s education, so once you start bringing the money in, stay that course and don’t let anything sway you from your goal.

Now comes the hardest part

When the money starts coming in, it’s easy to let the naira drive every business decision. Situations will arise and ideas will develop, but by not letting those shiny objects distract you, you’ll be able to reach that goal one naira at a time. Always think long term.

Putting these steps into place, your passion will soon become a part time profit procurer that helps you reach your financial goals. And you never know, that part time passion could even give you the freedom you need to one day walk away from a job that doesn’t fulfill you the way your “side business” does. Culled from MoneyNing.


by Editor

March 3, 2013 | 4:58 pm
  |     |     |   Start Conversation

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