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How to Create Additional Income Streams

by Scott

This post originally ran on Maxton Men.

Most people have limiting beliefs that prevent them from creating additional income streams. These include:

1. It’s going to take a lot of time that I don’t have
2. I don’t have any particular valuable skills or connections people would pay for
3. It’s hard to create a product to sell

There’s good news – for most people, these beliefs are false and it’s never been easier to make some extra coin on the side.

 

The best way to create additional income streams without incurring a large time cost is to package an existing asset into a commodity or service that can be distributed with minimal effort. This is scalable income creation.

Still sound hard? Most people stop here because …
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How Skillshare Helped Me Finance A Nicer Apartment

by Scott

I love a lot of things about Skillshare. But today I’d like to highlight what it’s done for my finances and purchasing decisions.

Most people’s income is static with the exception of a year-end bonus. This yearly income determines their monthly budget. I.E. If I made $48,000 I’d have a little over $2500 a month after taxes to spend on rent, groceries, entertainment, bills, etc.

In this situation, purchasing decisions are a zero sum game because our income is capped. If I’m moving and want to spend an extra $200 on rent, that means I’ll have $200 less to spend on entertainment, tank tops, Dos Toros etc. The bottom line is we’re forced to make sacrifices.

What’s amazing about Skillshare is that it …
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