Stress. Overwhelm. Frustration. A LOT of frustration. Just a few of my emotions I have been feeling recently. In reflection (with the help of my better half), it’s down to me stretching myself too thinly. Trying to do too much of everything and achieving not much of anything.

This is something I mentioned in a recent post. One of the things I have been doing is working on focusing on one thing at a time. Like focusing on work between 0700 and 1700.

Now the title of this post might be a contradiction based on the usual duffmoney content. But bear with me for a second. If you have read previous posts, you will know that my number one goal is to become Financially Independent by the time I’m 45.

Me focusing on work going forward is temporary. It might be my focus for 12 months it might be for the next 5 years. Either way, focusing on work is going to help me achieve my main goal of Financial Independence. Read on to find out my current thinking on how work will help me reach my goals.

Increase income in 2022 and get extra money to invest

Going back to the start of 2022 and my goals I set for the year. One of my goals was to increase my earnings by 25%. It might sound ambitious, but I think anything is possible when your why is strong enough.

To do this, I worked out how much gross income DUFFY ELECTRICAL made pcm in 2021. Now, I have my target figure for each month. And so far, so good after the first few months. This is due to a combination of overtime and a new job I have started in the last few weeks. The new job was part of my goals also so it’s a decent start to the year in terms of goals I set at the start of the year.

What to do with extra income? A few years ago, it would be to go on an extra holiday or buying the latest SUV. But if I can maintain the extra income, I will build a cash buffer in DUFFY ELECTRICAL. And then I’ll increase my investments each month.

This will accelerate my journey towards Financial Independence. Then the extra holidays and nice car will come as a by-product. This sort of delayed gratification is what serious investors talk about. I’m talking about investors with serious credibility. Investors like Jason Graystone who I recently done a podcast with discussing Financial Independence.

Now how will I invest? My strategy is long-term buy and hold with property, index investing and crypto. Currently, I am being priced out of buying my next property. With this in mind, I will continue to dollar cost average into my index fund and crypto.

Another potential is trading to increase my returns and accelerate towards Financial Independence. But after speaking to Jason Graystone I realise I haven’t quite earned my right to risk. I still get too emotional when it comes to investing. But I am working on being more neutral when it comes to money. Like checking in on coinmarketcap much less in the last few months. I’ll come back to this later in the year, and maybe reconsider whether or not I’ve earned the right to risk. 

Old side hustles

Since getting into personal development, I’ve heard a lot about side hustles. The likes of Gary V talking about it and other well-known people with substantial influence. This is something I’ve been trying and failing at since leaving the RAF back in 2006.

Like selling Aloe Vera products to friends and family or trying to start an e-bay business. Both short lived and both miserable failures. I have no issues with these failures, and I’ve always been willing to try just about anything to get where I’m going. To hit my goals if you like.

Over the last few years, I’ve been into personal development. This has led to setting goals, and this had led to me pushing hard towards hitting my goals. To hit my financial goals, I realised a few years ago I needed to learn about money and investing. At the end of 2018 I’d really had enough of making questionable investing decisions and chasing quick easy money.

Pushing hard towards my goals has led to reading a book a week since the start of 2019. It’s led to numerous YouTube videos, podcast’s, audibles and anything else I can digest to help me learn and improve. One of the important things I’ve learned is to try and get multiple incomes. Then you are not as vulnerable if you only had one main income to rely on.

You could do what I did and sell Aloe vera products? I wouldn’t recommend it. Or you could start a little business on the side? You might have a good idea for a subscription-based business? Like teaching people how to trade crypto or how to be successful on YouTube.

I am very aware of the benefits of a successful side hustle. You could say that my property business is my current side hustle that gives me some security alongside my main income.

All I’m saying is to be open minded and try and think of a side hustle that will give you some security alongside your main income. And don’t do what I had done with my earlier side hustles. I steamed in without doing any research. I didn’t give my attempted side hustles serious thought and it led to poor results.

New Side hustles

Since getting into personal development at the start of 2019, I’ve realised I am a life-long learner. I know you’re probably thinking that’s bit out there. But if I am learning, I feel like I am progressing. And if I’m progressing, I’m happy.

One of the things I’ve been focusing on is business. I’ve been doing the WAP (Wealth Action Plan) for the last few months and a big part of it is business. Business wise, it teaches you how to set-up your business, how to raise money for your business, business ideas, business models, facebook marketing and much more.

If you are like me and you like learning, check out the WAP. It will teach you all about money, investing, business, crypto etc.

Now I am one for moving with the times. I’ve been working on my digital presence since mid-2019 and I want to keep going. A big part of my investing going forward is going to involve crypto in some shape or form. I am looking to buy and hold BTC and ETH long-term. To do this, I am going to be dollar cost averaging into both over the next few months at least.

As well as long-term investing, I am also wanting to learn as much as possible about crypto. With this in mind, I’m thinking I might try and get involved with crypto part-time. This could be my new side hustle.

My current thinking is that I would work for free part time. Maybe 10 hours per week. And then as I start to offer value to whatever company I work for; I could get paid in crypto. I would love to get paid in ETH as a little side hustle.

I might have an opportunity in the pipeline I am not entirely sure. I have had a brief chat with an NFT start-up but nothing concrete at this time. I don’t honestly know what I can offer at this time. I will be swatting up on NFTs before our next chat and am open to helping out where I can.

Can I transition to Crypto full-time?

I’ve went off on a tangent with talk of side hustles, so I’ll get back to focusing more on work…

As I said at the start of the post, I’m currently focusing mainly on work. At least between 0700 and 1700. I want to do my best and I want to increase my income so I can increase my investing. I’m basically working hard towards my goal of Financial Independence.

Over the last few months, I’ve become very much pro-bitcoin and pro-crypto. I believe this technology has a major part to play in the future of money and business. In pretty much the future of everything. Blockchain technology will change the way we buy and sell houses for example and it’ll even change the way we vote. For the better in my opinion.

What if Crypto becomes my full-time job? This is slightly premature, but I’m open to the idea. If I do manage to get a part-time job working in the crypto space, this could lead to a full time role. Who knows? This is how I’m thinking as I’m getting further down the crypto rabbit hole.

Whether I get a full-time job in crypto or not, either way it’s important to learn about this exciting technology. Remember this is info only. I am 100% not a financial advisor.

Take a step back and see how fast technology is developing. In a few years, electric cars will be driving us around and there might even be a space hotel before 2030. Just try and be open minded and try to move with the times. In my opinion, learning about bitcoin and crypto will help you to move with the times.

For the time being, I’m going to focus on work to help me push towards Financial Independence. But I am definitely using my spare time, to continue to learn about crypto and blockchain technology.

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