Creating Passive Income Streams While You Have a Full-Time Job
Creating passive income streams while you have a full-time job can be done as long as you are organized and have a plan.
Therefore, learning to balance work and other activities is essential. As a result, it can be challenging to put in a full day at your regular job and then go home and work some more. But, if you want to create a passive income, it will require some additional effort.
Creating passive income can significantly enhance your financial well-being.
Most importantly, If you have any desire to break free of your full-time job, it will require you to put in some quality time at home, getting those passive income projects up and running.
Consider These Ideas for Creating Passive Income When You Are Working Full Time
Think About the Best Times to Work on You Passive Income Streams
For example, maybe consider waking up earlier each morning is a viable option. On the other hand, perhaps you can use your lunch break to develop your passive income plan.
Are evenings best? Would you rather work all weekend and have your evenings free?
There isn’t a perfect strategy, but you need a starting point to achieve success.
Set a Schedule to Work on Your Passive Income
A common misstep is thinking that you can work on passive income streams whenever you have free time. But “free” time is hard to come by. Therefore, it’s helpful to create a specific schedule and stick to it.
Treat your pursuit of passive income sources as you would any other regular job, otherwise, you will feel frustrated and discouraged.
We all have our ways of distracting ourselves, whether with TV, the computer, or food. Others get sleepy when faced with work they’d prefer to avoid. Do whatever is necessary to stay focused on the job at hand.
Social Media is such a time trap. Block notifications so that you can focus on the task at hand. Schedule your time so that you can be as productive as possible and feel like you are getting somewhere.
Make a List
Before you go to bed each night, make a list of the things you want to accomplish the following day. When it’s time for those tasks, avoid working on anything else. Keep working until you’ve completed all the items on your daily list.
Be accountable to yourself to keep you focused.
Take Advantage of Breaks in Your Day
Ideally, you’ll have some things you can do when you have a few extra minutes. Maybe you can make a few phone calls or respond to emails. Maximize your time and stay on track to reach your passive income goals.
Avoid Working on Your Passive Income Business at Your Job
It can be tempting to spend some of your regular work hours on your passive income projects but avoid doing so. Many companies monitor internet usage and emails, plus it is not working with integrity.
Be cautious and avoid jeopardizing your job.
Get Started with Smaller Passive Income Projects
It may be challenging to know where to begin your passive income stream journey.
Some people look at blog ideas that make money, such as becoming an affiliate marketer/blogger. This is where you find credible, high-quality products and programs that other people have created and you promote them. For instance, by writing a blog post about it, providing a review, and sharing it as a blog post. When someone makes a purchase using your assigned affiliate link, you make a commission.
Start small and build from there.
Take Planned Breaks
Every few weeks, consider taking time off from your passive income activities, even though it might seem like you’re losing ground. Avoid getting burned out so you remain motivated.
Studies have shown that marathon runners will finish a race faster if they walk for one mile after running four. It’s the same idea.
Meditation is a great way to give your mind a break. It’s one of the few times your brain gets to rest. As long as you’re thinking, your mind is still working. Learn to relax and focus.
Keep Your Passive Income Venture to Yourself at Your Full-time Job
You might want to refrain from discussing your passive income activities at your full-time place of employment. Many bosses take exception to the idea of you earning extra money outside of your regular job, thinking your free time ought to be spent working harder for them.
In summary, it’s challenging to manage a full-time job, working on a new business. Limit yourself to the most important tasks and use your time wisely.
Passive income takes some time and effort to create. Ensure you’re giving yourself adequate time to manage it all.
Have you launched a new business while working a full-time job? What are your tips or ideas that worked for you. Let us know in the comments below.
We invite you to check out this month's MyNAMS Insider's Club Challenge called Found Money. It's all about how to create passive income streams. You can try it out for only $1.
As a coach, consultant or service provider you're used to trading hours for dollars.
Unfortunately, hours are finite. Time cannot be generated and is not in never-ending supply, it's important for you to find ways to generate passive income.
Creating passive income programs will help you create the life you always dreamed was possible. This month in the MyNAMS Insider's Club, we are focusing on passive income with our challenge, Found Money.
Our MyNAMS Insider’s Club offers multiple courses, checklists, templates, and training to help you get started faster. As an Insider, you have access to over 50 courses and training, tools you need to run your business. PLUS weekly live calls to help you progress quickly. Click now to get started.
David Perdew is the CEO and founder of NAMS - the Novice to Advanced Marketing System. He’s a journalist, consultant, and serial entrepreneur who has built one of the most successful and fastest-growing business training systems online today called the MyNAMS Insiders Club.
The Novice to Advanced Marketing System is a step-by-step system focusing on Team, Training and Tools to help novice to advanced business people build a Simple, Scalable and Sustainable business.
He took a year off in 2003 to personally build a 2200 square foot log cabin in north Alabama where he and his wife and two dogs and a cat live on 95 acres of forest with four streams and 60-foot waterfall.
The NAMS team includes his daughter, Jen, who is an email marketing and automation specialist. Jen runs the day to day business and is one of the primary trainers in our MyNAMS Insiders Club.