Side Hustle Spark 272: Annuity.org–Not all passive income requires a side hustle

A reader recently pointed me to annuity.org, which reminds us that sometimes we can just let some stashed cash do the work for us.

Passive Income Streams by Kim Borwick explains a few of the benefits of income sources requiring financial research and strategy vs. the ‘produce-and-market’ approach of many side hustlers.

A few highlights:

— “A passive income stream can mitigate the effects of financial shocks, especially for people in retirement who are on a fixed income.”

— “For example, diversification lets investors achieve two goals simultaneously: increase their rate of return and reduce risk.”

— “Similarly, laddering can eliminate the rigidity of an annuity contract, allowing you to take advantage of rising interest rates.”

— “These income sources can allow you to save for retirement or meet current financial obligations” without “the lack of quality family time and personal connection common among dual-earner households (including side hustlers).”

— The author closes with a list of additional ideas for passive income, many of which you might have considered, but in this world of ‘info-barrage’, a few reminders never hurt. PLUS, conditions and circumstances in 2021 change so fast, an idea ignored one day might be just the ticket for extra cash the next.

Side Hustle Spark 270: Naming your products? Here’s some help.

Developing a product or service but can’t seem to get past what writers call ‘a working title’?

Here are a few tools that might help you nail down a name that creates a memorable identity in the minds of prospective customers.

— Sign up for 7 QUESTIONS FOR CREATING COOL PRODUCT NAMES from Mike Brown [brainzooming.com), whose skills, experience, and generosity I’ve highlighted way back in Spark #184.

— Namestorming: How to Choose a Brand Name in 20 Minutes or Less

Build a memorable online brand easilywith this business name generator, Namify

Side Hustle Spark 269: Advice and Inspiration, via Twitter

From the Department of Short and Sweet, But Valuable Just the Same:

I’ve already pointed you to:–Hustle & Conquer

And I think the same creator tweets content through Side Hustle Journey–multiple Twitter accounts…something you might consider.

I also like…

The Growth Hub

The Smart Money

You just never know when or where you might hit upon a strategy or digital tool or kick-in-the-rear that launches you forward.

Good luck, side hustlers.

Side Hustle Spark 268: Ben Hawes, Side Hustle Coach and measure your side hustle success

Here is the latest from my Scoop-it page:

Click the above image to view a 90-second tour of the sites.

Here are the links to the sites highlighted in the video:

https://www.recruiter.com/i/side-hustle-smarts-5-metrics-to-measure-success/

Meet Ben Hawes: Side Hustle Coach

2 Side Hustles Without the Hustle

5 Metrics to Measure Side Hustle Success

Forge ahead, solos!

Side Hustle Spark 267: Side hustlers’ advice and tips galore (A collection of links)

Advice for Side Hustlers

Side Hustle Spark 186: Random, but meaningful advice from Kevin Kelly

Side Hustle Spark 181: Check out themanifest.com

Side Hustle Spark 174–: ‘The Playbook’

Side Hustle Spark 166: More side-hustlers’ tips (Buzzfeed)

Side Hustle Spark 142: Brooks Conkle

Side Hustle Spark 134: Money Tree TV: 100’s of Side Hustle Ideas 

Side Hustle Spark 133: How to avoid ‘stuckness’: Chris Guillebeau

Side Hustle Spark 131: Sara Blakely’s 50 Rules for Success

Side Hustle Spark 166: More side-hustlers’ tips (Buzzfeed)

Side Hustle Spark 167: More side-hustler talk from Buzzfeed (but with a twist)

Side Hustle Spark 159 — A Lessons Gold Mine from Side Hustle School

Side Hustle Spark 266: A list of lessons for side hustlers

tips for side hustlers

Dielle Charon started as a struggling social worker and over time discovered her own methods of generating leads and clients. She has brought in over $200,000 over two years–while still working 9-5– and has evolved into a ‘coach for coaches’.

Here is her list of 19 lessons for side hustlers.

Some favorites are in the above graphic.

Keep plugging, solos!

Side Hustle Spark 265: Startup Stories Affirm and Teach Entrepreneurs

Since October, 2020, Animesh Shukla and A. Bakshi have posted 75 startup stories on their site, startupstorymedia.com.

Benefits:

— Because a majority of these profiles are based in one nation (in this case, India), expect to find ideas and strategies that may not have been pursued elsewhere, possibly leaving you with the notion of ‘Why not here?’.

— There is something affirming in seeing the struggles and challenges are everywhere.

— Each story closes with a short message/lesson from the featured entrepreneur.

This link will take you straight to the 75 short stories.

Note: If you’re short on time, use the ‘categories’ and ‘tags’ in the left column to guide your search for stories and other posts.

Happy hunting, solos!

Side Hustle Spark 264: Entrepreneur Elevator Pitch–abundant source of ideas, strategies

Fun stuff.

Entrepreneur Elevator Pitch completed its sixth season (eight 20-minute episodes) last December. The first five seasons consist of 12 episodes.

The contestants–usually four per show–have 60 seconds to convince one or more of the four seasoned entrepreneurs to join them in their ‘board room’ to further discuss their business and negotiate an investment agreement.

Here is the overview and cast of judges/investors.

Call it a scaled-down Shark Tank, but still with plenty of back-and-forth between the ‘pitchers’ and the ‘pitchees’.

Benefits:

— Get business ideas.
— Glean pitch strategies.
— Narrow (or widen) your own side hustle’s focus.
— Learn some of the lingo.

You might find your current hustle is either on the right track or you might decide to pivot. There’s value in either scenario, right?

Forge ahead, solos!