Imagine having 700 extra hours each year. What would you do with that time?
That’s besides your working hours, time for chores, meals, family stuff and unpredicted situations. It’s just more time on your hands and you can do whatever you want with it.
What if you decided to spend it working on a personal project? Something you’ve been planning for a long time, that my turn out to be your million dollar idea and change your lifestyle forever.
Well, it’s quite possible.
And the first step is to create that time.
The best way to get 2 extra hours a day is to get up earlier. Even if you can’t go to bed early and have stuff to do, you can still sacrifice 2 hours of sleep.
Most of us sleep more than we need. And it makes us lazier.
Six hours is more than enough to get the rest you need. And if you’re up and running at 5, you can do great things with your life.
Then, of course, comes the purpose.
You need to actually have at least a vague idea, a plan, something you want to get done, a change you want to make.
And then get up insanely early each day and spend 2 hours working on it.
Most people need to be at the office around 8, or 9. And so they usually start their day at 7, spend the next half an hour in a hurry and somehow drag themselves to work.
But that’s not how big things happen.
What you can do, however, is start getting up at 5, and use that time for focused and productive work. As it’s the only part of the day where there aren’t any distractions, people and notifications aren’t fighting for your attention, there are no other things you should be doing and thus you can fully concentrate.
Having something in mind that you want to work on is what will make you get out of bed that early.
Your definite desire must be strong, it’s your direction, your driving force, your way to achieve more and live the life you deserve.
And if what you need to do is start getting up 2 hours earlier than you do now, then that’s what you’ll do.
That’s what all successful people do. All the CEOs you read about all the time, for example. They start the day long before others open their eyes, and hustle till the evening.
The hard part is building the habit of starting your day before dawn. The rest is all about reminding yourself of your goal constantly and being consistent.
This way you can have 700 extra hours per year. And in that time a whole winning business model can be created from scratch. Why can’t it be yours?
So what would you do with that extra time? How will you spend it? And what stops you from getting up 2 hours earlier?
Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.
During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.
How did you start your career in finance?
I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.
What made you start blogging?
The Ways to Wealth, which I started in 2016, has been my 5th blog.
The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.
The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.
I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.
I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.
How was The Ways to Wealth born?
I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.
1) Write high-quality content that Pinners want to click through, read, and share.
2) Pin to my own and high-quality group boards, with a keyword-rich description.
3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.
One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.
What aspects of the online business are you outsourcing or automating and how?
The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.
Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.
I then went to Upwork and posted a job for agraphic designer. I found a great team down in Argentina, who I’m very happy with.
I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.
I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.
What’s your main income stream and why do you think it works for you?
My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.
When did you start making more than $10K/month and what was the turning point?
My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.
What happened then in January?
First, personal finance is at its peak interest in January.
Second, I had multiple Pins go viral.
Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.
How do you balance work and family life?
I have a routine I stick to Monday through Friday.
When inside of my designated working hours, I work. When outside of these hours, I’m not.
This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)
What are you 3 best finance tips for newbies?
Focus on your savings rate. How much you save is the most important decision you’ll make.
Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.
What books, blogs or podcasts help you stay motivated along the way of growing an online business?
I read a fair amount to keep fresh ideas in my head.