It’s Sunday, 9th June 2024, and in this week’s roundup, learn in 5 minutes or less:

• Career Advice: Hustling Smart: Starting a Side Business While Working Full-Time

• Mindset: Mastering Your Path To “FIRE”

• The Weekly Round-up: D-Day's absence was an extraordinary own goal from the Conservatives. Students are confident AI will not replace future jobs. The Peaky Blinders film starring Cillian Murphy has been confirmed.

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CAREER CORNER

Hustling Smart: Starting a Side Business While Working Full-Time

Happy Sunday CareerGuard Family,

I am sure I am not the only one who has ever caught myself daydreaming about turning that passion project into a thriving side hustle.

Well, guess what? It’s time to stop dreaming and start doing!

Juggling a full-time job and a side business might sound like a circus act, but with the right approach, you can master the art of the side hustle.

Here are my thoughts on how you can start your own side gig without losing your mind (or your day job).

Find Your Passion (And Your Niche)

First things first: what gets you excited? Maybe it’s baking, graphic design, writing, or even dog walking. The key is to find something you love and can see yourself doing long-term. Once you’ve pinpointed your passion, do a little market research. What’s the demand like? Who’s your competition?

Finding a niche where you can shine will set you up for success.

Time Management is Your Best Friend

Balancing a full-time job and a side hustle is all about managing your time effectively. Start by setting clear goals and breaking them down into manageable tasks. Harness the power of technology and use tools like calendars, to-do lists, and time-tracking apps to keep yourself on track.

Remember, it’s not about working harder but working smarter. Prioritize tasks that will bring the most value to your business.

Start Small, Scale Gradually

Rome wasn’t built in a day, and neither will your side business. Start small and avoid the temptation to do everything at once. Focus on delivering quality over quantity. As your side hustle grows, you can gradually scale up your efforts. This way, you can manage both your job and your business without burning out.

Leverage Your Network

Don’t be shy about leveraging your existing network. Your friends, family, and colleagues can be your first customers, brand ambassadors, and even collaborators. Word of mouth is powerful, so let people know what you’re up to. Social media is also a great platform to promote your side hustle and connect with potential clients or customers.

Keep Your Employer in the Loop (If Necessary)

Depending on your workplace, it might be a good idea to let your employer know about your side business, especially if there’s a potential conflict of interest. Transparency can prevent misunderstandings and help maintain a healthy work environment.

Learn and Adapt

The business world is always evolving, and so should you. Stay curious, keep learning, and be ready to adapt. Attend workshops, take online courses, and network with other entrepreneurs. The more you learn, the better equipped you’ll be to handle challenges and seize opportunities.

Enjoy the Journey

Starting a side business is an adventure, so enjoy the ride! Celebrate your successes, learn from your mistakes, and keep pushing forward. Remember, the goal is not just to make money but to create something you’re proud of and have fun along the way.

So, what are you waiting for? It’s time to turn that dream into reality and start hustling smart.

Your future self will thank you!

 Anokye - Co-Founder, The Careeguard

👉Follow us on Instagram; we plan to conduct a series on your money mindset and its impact on career decisions over the next few weeks; comment and engage with us your thoughts when you see the posts…

GET MORE SH*T DONE

A Mindset Guide To Mastering Your Path To Financial Independence, Early Retirement (FIRE)

Have you ever dreamt of a life where work is optional and you have the financial freedom to pursue your passions and enjoy your time as you wish? The Financial Independence Retire Early (FIRE) movement can make this dream a reality, and it’s gaining traction among career professionals like you.

Today, we're breaking down the seven (7) essential investing principles to help you achieve financial independence and early retirement.

1. Maximize Your Income - Diversifying your income streams is crucial. Consider side hustles, freelance work, or starting a small business. Negotiating your salary and benefits regularly can also significantly boost your financial growth.

2. Live Below Your Means - Budgeting and expense tracking is the foundation of financial planning. Embrace a frugal lifestyle to create a substantial gap between your income and expenses, which you can then invest.

3. Invest Wisely - Understand various investment options, such as stocks, real estate, bonds, and even cryptocurrency. The power of compound interest is your greatest ally, so start investing early and reinvest your earnings.

4.  Manage Risk - Diversify your portfolio to spread risk across different asset classes. Regularly rebalance your portfolio to maintain your desired asset allocation and manage investment risk effectively.

5.  Plan for Taxes - Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Be tax-efficient with your investments to keep more of your returns.

6.  Create a Financial Plan - Set clear, measurable financial goals and regularly review and adjust your plan as needed. Define your target retirement age, desired lifestyle, and the amount of money required for financial independence.

7. Stay Informed and Educated - Continuously educate yourself about personal finance and investing. Follow financial news and market trends to make informed decisions.

By implementing these principles, you can set yourself on the path to financial independence and early retirement. Here is a blog post for further reading on the principles of achieving FIRE.

Remember, this journey is a marathon, not a sprint.

Stay disciplined, be patient, and enjoy the process of building a future where you have the freedom to live life on your terms.

 Anokye - Co-Founder, The Careeguard

BEST FROM TIKTOK THIS WEEK

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Are Degrees still worth it? #degree #collegeeducation #universitylife #careersadvice

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MEMES & BANTER

Before You Go

Business: D-Day absence was an extraordinary own goal from the Conservatives. Already embattled and unpopular, Rishi Sunak cut short his time in Normandy to fly back to London for a TV interview that wasn’t due to be broadcast until next week. He has now apologized for what he said was a "mistake," but not before his decision to head home early was criticized by his own allies as well as his political enemies.

Tech: At a recently held AI conference, two university students said they were not too worried about Artificial Intelligence (AI) replacing their future jobs. The conference, which was held on Thursday, was attended by students, businesses, entrepreneurs, and tech enthusiasts and featured talks about the advances in AI technology, including tools that have come into mainstream use, such as ChatGPT and Bing AI.

Celebrity: A Peaky Blinders film is coming to Netflix, with Oscar-winner Cillian Murphy set to reprise his role as gangster Tommy Shelby. The streaming giant confirmed the news in a post on X, formerly Twitter, on Tuesday night alongside a photograph of the script.

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