The Side Hustle is the Smart Path to Success

tip-o-the-morning

Tom Corley boats - crop

“There is more than one way to skin a cat.” Seba Smith, The Money Diggers (1840).

How do you go about pursuing success when you are stuck in a job?

It’s a conundrum. Most have to work at a job in order to provide for their families. The need to provide for your family makes it difficult to pursue those things you are passionate about.

But there’s more than one way to skin cat – The Side Hustle.

According to The Bureau of Labor Statistics (2012), the average person watches 2.8 hours of TV every day. There are also other distractions: Facebook, Twitter, Snapchat, YouTube, etc.

The point is, we all waste a portion of our free time doing unproductive things.

The Side Hustle involves doing something on the side, outside of your work hours that could one day create a stream of income.

It involves finding something you are passionate about and redirecting your behavior, reallocating your resources, to devote to that passion.

The Side Hustle:

  • Minimizes Risk – While maintaining your existing employment, you are able to build a side business that you hope one day will generate a stream of income that will replace your employment.
  • Hedges Your Bets – Being employed involves risk. The economy could turn, like it did in 2008/2009, and you could find yourself out of work. The Side Hustle becomes insurance against that happening.
  • Allows You to Fail and Make Mistakes – Failing and making mistakes costs you time and money. Quitting a job to start a business means those mistakes and failures could result in bankruptcy, jeopardizing your livelihood and putting your family at great risk. The Side Hustle minimizes the impact of those mistakes and failures because you still have your current employment providing a stream of income.
  • Allows You to Learn and Grow – The Side Hustle buys you time to develop the knowledge and skills you need to realize success.  

 

 

 

 

 

 

Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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Comments

  1. I’ve had a few side hustles throughout my career and they all have helped greatly in one way or another.

    The first helped pay off our mortgage.

    The next helped us get a jumpstart on retirement.

    The third funded early retirement.

    Of course they all required a lot of extra, after work hours, but were all worth it in spades. It sure beats watching four hours of TV every night!
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