Latest posts by Ace (see all)
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Today’s blog topic is dedicated to your hustle, your grind, and the respect it deserves.
What do I mean by hustle and grind? I mean everything you do that goes above and beyond your daily job to give yourself a better life. Working a job, even with a cushy salary will not achieve greatness. If you want bigger, better and more, you need to be hungry and you need to hustle. A simple side hustle is a good option that has a low barrier of entry. That’s what I did.
What did my hustle look like? Well, I had two of them actually. One was selling insurance. I had the door slammed in my face many times but I never gave up. I started going to small car dealerships and telling them if they ever have any customers who are trying to buy a car and don’t have insurance, to call me day or night and I will sell them insurance so they can buy the car. This worked great and I began selling a lot of insurance. I even hired two part time people to help run my office while I was working my job as a security guard. Selling insurance as a broker can be very lucrative because there is initial income at the point of sale and there is also residual income each time they renew their insurance policy. Even though I was bringing in what I considered to be some pretty good money, I still wasn’t too proud to be a security guard and keep hustling.
My second side hustle involved my passion. I am a big car enthusiast so I would flip cars. Keep in mind, by this time I did have some owners of car dealerships as connections from my insurance sales. I would also look on Craigslist and buy cars that needed a bit of work, then fix them, and sell them for a profit. These kind of side hustles don’t take a college degree or a ton of experience. These are things that almost anyone can do. But of course, choose the one that plays best to your strengths and skills because it will make you that much better at it. Which means more profit and money in your pocket.
The important thing here is that you are hustling with a purpose. The goal is that you save all profits, as this increases your investment power. The main objective is not to have extra spending cash to go shopping or take a vacation. It is for you to save and invest again. You save all of your profits until you can do what you’re doing now but with bigger things, which means bigger profits. The goal is to keep investing. Bigger and better each time. Eventually, you can get to the point where your money is now working for you. Through stocks or real estate equity, for example.
If you want to be a millionaire, I can tell you right away one of the things that is probably holding you back. The reason I can tell you is because it’s the same thing that held me back. Pride. Get rid of it. Plain and simple, there’s no place for pride on this journey. The sooner you realize that, the better off you’ll be. As I mentioned, I got the door slammed in my face too many times to count. That’s why when you’re in hustle mode, you need to stay in your zone and focus on the end game.
My side hustles carried me into investing in stocks and real estate and brought my net worth into the millions by the time I was 30 years old. It’s not about getting rich quick. It’s about creating your plan, creating your process, and setting your goals. Then all you need to do is rinse, wash, and repeat. Just remember: always continue to reinvest or save your profits. This increases your investment power and allows you to grow your investment portfolio. When you are not reinvesting your profits or your side hustle doesn’t involve flipping items, you need to save it. Do not spend it.
We all have untapped potential and we all have passions that we don’t get to use in our daily jobs. Don’t use time as an excuse. I was raising a newborn child, working a regular job, selling insurance, and flipping cars all at the same time. This is what I had to do in order to create real wealth for myself. I encourage you to think of a possible side hustle that could help you for your future. You’ll never know unless you try.
As always, you can read all of my blogs on my website: www.acebowers.com