Go With Your Head or Your Heart?

Summary

• To avoid confusion between your head and heart, make a decision about which priority is more important and what risk you're willing to take.
• Until your school project consistently makes enough money to match your current job for at least six months, I wouldn't quit your job.
• Use the money from your job to build skills and experiment—run ads, buy software, and take courses.
• Balance both your job and school project, reinvesting the cash from your job into your school project.
• Once your school project matches your job income with less time, then make the switch and you'll be able to double or triple your earnings.

Video

How To Take Action

Implementation Strategies for Small Business, Entrepreneurs, or Personal Growth:

1. Decide on Priorities and Risks:

   • Figure out which is more important to you right now—your current job or your side project. Think about the risks you’re willing to take.
   • Write down your goals and weigh the pros and cons of each decision. This will help you avoid confusion between what you feel and what you think.

2. Financial Stability First:

   • Don't quit your job until your side project can consistently match the income from your job for at least six months. Stability is key before making big moves.
   • Track your project's income and ensure it's steady over time.

3. Use Job Income to Fund Skills and Tools:

   • Use the money you earn from your job to invest in your growth. Spend it on things like online courses, ads, and useful software.
   • Look for skills or tools that are directly related to your side project. This will give you more value for your investment.

4. Balance Both Commitments:

   • Work hard on both your job and your side project. Use your job's money to fund the side project and reinvest wisely.
   • Plan your time effectively. Set specific hours for your main job and dedicate some focused time daily or weekly to develop your side project.

5. Monitor and Switch When Ready:

   • Once your side project is generating the same income as your job but with less time commitment, consider switching to it full-time.
   • When you do make the switch, leverage the extra time to potentially double or triple your side project's income.

By following these steps, you'll make smart, low-cost investments in your personal or business growth while ensuring you're financially secure.