Time is limited. If you have a set earnings per hour, your yearly income is essentially capped. However, if you find side hustle endeavors that is scale-able and does not require your physical mental ability for each transaction, then you have the potential to earn much more. So when you pick a side hussle, is it not better to start with one that has much more potential rather than one that is a set cap from the very beginning?
How’s it goin everybody this is beat the bush today i’m going to talk about the scalability of your time in particular how you should use your time to earn money you see there’s a lot of ways to earn money including the most popular which is to get a job let’s say you’re working at a fast-food restaurant we’ve got to recognize that every single hour that you put in
You’re getting paid an hourly wage you as a person can only work at maximum 16 hours a day if you need to sleep so in one year for a full-time job you roughly work about 2,000 hours let’s say you take two full-time jobs that’s four thousand hours and let’s say you get $10 an hour so you earn $40,000 so right there that is your maximum limit that you can earn you see
What i mean here because you can work as much as you physically can and you’ll hit a ceiling of $40,000 because you’re limited by the number of hours you have to work now whatever job that you’re working in you might be interested in a little bit of size hustle so that you can get a little bit of extra income everybody probably knows i’m incomes are great but they’re
A little bit of hard to get started they add on top of your regular income and can greatly boost your cash flow on the positive side i’ve listed some of the things i talked about on this channel that helps you increase your income whether it’s receiving credit card turning and things like that the main point i list all this out is to just kind of show you how much
Each one of them could potentially earn of course if you get really good at each one of them it has the potential to make a lot more money but today i’m going to focus the scalability of each one of these activities because whatever side hustle you’re doing if it’s scalable then you have the potential to earn a lot more than your regular income let me start on the
Low end of either money earning or saving money over here you can either do coupons ebates swag bots or mechanical turk you can see all these things do not amount to much maybe ten dollars or 100 200 at most per month one step up from this is the credit card cash back credit card sign of bonuses investment account bonuses bank account bonuses ebay resale activities
Now these things have the potential to earn you thousands a year you can see that these activities are pretty much not very easily scalable credit card cash back bonuses and sign up is really limited by your spending and your personal credit score and your personal credit history all of these are pretty labor intensive can’t just push a button and go okay multiply
By two or three and do this in multiples which means really scaling everything and thus you can earn a lot more so all of these is like a one-time thing i have to mention that any kind of gig work or contract work it’s also limited by time you actually have to physically be there and do your thinking do your work i don’t know maybe it’s an artistic thing or whatever
Trade that you’re in you have to physically be there in order to generate that money you cannot just walk away and make more cash therefore whenever something is like this then it’s not scalable you can do car flipping house flipping airbnb which requires you to have a plate app development and affiliate marketing it’s a little bit more scalable you see car flipping
You actually have to be there to look at every single car and so this is a time limiter you have to physically be there in order to do each flip and it’s sort of like a knowledge intensive thing where you have to do the buy and the sell how slipping is the same thing although it can make you a lot more every single time you do one transaction so you see there’s a
Gradient here of the time amounts then versus the amount you get however not all of them are actually scalable things that you can do on the side app development if you happen to be a programmer or affiliate marketing they have the potential to be a lot more scalable mainly because if you built an app you only built it once right but it has a potential to be very
Popular and on your end it’s really limited on how popular diet is because one day a thousand people can buy your app and then maybe another day half a million can buy however you can’t do the same thing with carpeting because you can do like at most maybe 10 car flips a week maybe but the next week you can’t really do like a hundred car flips because that would
Be completely impossible you might be able to scale it a little bit but you have to recognize this really hard to scale something like that so whenever you pick up size hunts will be very aware of if that activity is scalable or not because if it’s not scalable you would also be limited by how much income that you can take back in another good example that could
And could not be scalable is etsy because espe is mainly a handcraft type of sale where you are limited by your time in making all these handcraft items i saved on the edge because you could try to import all these items and set and resell it on etsy or maybe whatever you make you can try to farm it out to a manufacturer and make a lot more so you’re not the one
Physically limited and trying to produce these products on etsy so whenever you pick a size this will be very aware of how scalable it is and the potential if it’s not scalable you can be very rich off house flipping because each transaction brings you in that much however if you do something that brings you in very little and it’s limited by your time then you
Can spin your wheels for a really long time and you will not bring in any significant income so you really have to recognize how to best properly to utilize your time for the maximum income for each of these activities each person has their own unique abilities and whatever very good at so if you look online and search for side hustles you can sort through all these
Things that you can actually do and a lot of them could sound very good but then maybe you cannot do all of them at the same time of course so you really just got to pick something that you’re good at and just go for it your time is limited so you cannot pick all of them so at most you can do one or two of them outside of your job so i hope this gives you a broader
View of things on how to apply your time because whenever you have something that earns you money you might just go oh my gosh it earned me a dollar or two i’m going to jump on and do it as much as i can but then at the end of the month maybe you only get a hundred or two hundred dollars which is not worth your time so before you actually step into something that
Brings you in one you may want to recognize how much time it takes you and it’s that thing that you’re going to do is actually scalable don’t forget to give me a like on this video comment down below let me know something that you’re doing that’s scalable if you’re interested in supporting this channel don’t forget to check out my audible link down in the video
Description below where you can get a free audio book and if you’re not pleased with the service you can still cancel before the trial period ends not get charged a thing you can still keep the audiobook and you can still help benefit this channel there’s also a 30-day free trial for gamefly down below i have a pay turnover here and don’t forget to subscribe thanks for watching
Transcribed from video
How to Scale Your Time | BeatTheBush By BeatTheBush
