6 Skills You Need To Build Multiple Sources of Income (Episode 115)

Updated: April 17, 2022

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What you’ll hear in this episode:

Our cash flow has two sides: expenses and income. If we want more cash flow then we should minimize our expenses, and then afterward, find ways to increase our income.

In this episode, I shared the six skills and mindset that I believe a person needs to help them with the second part: increasing your income.

Particularly, these are the things you need to learn if you want to pursue a side business or do freelancing on the side:

  • Time Management
  • Energy Management
  • Sales and Marketing
  • Organization Skills
  • Growth Mindset
  • Money Management

Excerpts and Highlights:

Your days will become busy, so it’s important that you know how to manage your schedule. Always have time for rest and recreation.

Time is non-fungible. You have peak hours and off-peak times in your productivity. Listen to your body and manage your tasks better.

In one way or another, you will eventually be selling something. Learn how to make people understand the value you’re offering.

Properly managing your personal errands, work requirements, and side hustle tasks will require good attention to detail.

You’ll most likely have to acquire new skills and gain new knowledge. An open mind and good study habits will help you learn what you need.

The goal is to create additional cash flow. Proper money management skills will help you see if your efforts are bringing good income.

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