I was bitten by the entrepreneurial bug long ago. Many of my ancestors were entrepreneurs. In my teens, I delivered newspapers, mowed lawns, shoveled sidewalks, etc. In college, I had several side hustles including lifeguarding, bartending, and laborer in an orchard. In my 20s, I started a team sporting goods business which I sold after becoming a high school math teacher.
Lately, I have been reminiscing more about my old entrepreneurial lifestyle. Even though I explore all legitimate opportunities, with just 7 years until early retirement, I would be foolish to change careers. Although I have created several online math courses with my educational services business, Planet Numeracy, its primary source of income is tutoring, so it’s still trading time for money.
As a result, I have become drawn toward “passive income” opportunities — blogging, building online courses (for myself and others), writing ebooks, podcasting, affiliate marketing, YouTubing, etc. I guess I am working toward what writer Jeff Goins calls a portfolio life. Emilie Wapnick calls it being a multipotentialite. Maybe I still just don’t know what I want to be when I grow up!
Whatever you call it, I am pulled toward this lifestyle. I am a lifelong learner, so I’m not afraid to invest in my education. I have taken blogging courses, podcasting courses, YouTubing courses, real estate courses, and read many investment newsletters. I am still discovering what matches my DNA — a Gary Vaynerchuk analogy from his book Crush It! But I am involved in all these businesses at some level.
One thing I have learned? People don’t typically strike gold with one idea. Rather, they earn small amounts from numerous profit centers. I think the challenge with passive income opportunities is having the patience to learn them each one at a time, and the perseverance to stay with each profit center long enough to earn a profit.
So stay tuned!