Occupational Wellbeing

Side Hustle to Success: Exploring the Potential of Multiple Income Streams

December 7, 2022
The Wellness Tribe Team

Building a career from different income streams can be a rewarding and fulfilling way to make a living. However, in today's economy, relying on a single source of income is becoming increasingly risky, as job security and stability are no longer guaranteed. By diversifying your income streams, you can protect yourself from financial uncertainty and take control of your own career. 

There are many different ways to create multiple income streams, and the best approach for you will depend on your individual circumstances, skills, and interests. In this article, we will explore potential options for generating additional income and provide tips for getting started.

Start A Side Hustle

One way to generate multiple income streams is to start a side hustle in addition to your full-time job. This could be something as simple as selling handmade products on Shopify or providing a service like home or online tutoring. The key is to start small and gradually build up, so you don't overwhelm yourself.

Portfolio Diversification

Portfolio Diversification
Photo by Scott Graham on Unsplash

Another way to create multiple income streams is by diversifying your investment portfolio. By investing in a range of assets, including stocks, bonds, real estate, and others, you can create a steady stream of passive income to help support your career and financial goals. Diversifying your investments can also reduce the risks associated with relying on a single source of income, such as job loss or market volatility.

Creating and Selling Online Courses

Another option is to leverage your current job or career to create additional income streams. For example, you could use your knowledge and experience to develop and sell an online course or e-book or offer to coach or consulting services to others in your field. By doing so, you can generate additional income without necessarily having to leave your current job or career.

The Benefits of Multiple Income Streams

Be Your Boss

One of the key advantages of building a career from multiple income streams is that it gives you more control over your work and income. Instead of being at the mercy of a single employer, you can create your own opportunities and choose the projects and clients that align with your values and interests. This can lead to greater job satisfaction and a sense of fulfilment.

A Safety Net for Income

Having multiple income streams can provide a sense of security, as it gives you a backup plan in case something goes wrong with one of your streams. This can be especially important in today's economy, where job security is not always guaranteed.

Multi-stream income generation workflow

Multi Stream Income : Side Hustles
Photo by Will Porada on Unsplash

Wondering how to get started? Here is a workflow for finding and creating multiple income streams through side hustles: 

1. Identify Your Skills and Interests: 

The first step is to think about what you are good at and what you enjoy doing. These skills and interests can help you identify potential side hustle opportunities.

2. Research Potential Opportunities: 

Once you have a list of your skills and interests, start researching potential side hustle opportunities that align with them. Look for opportunities that are in demand, have the potential for growth, and are flexible enough to fit into your schedule.

Here are a few platforms for side hustle opportunities: 

  • Fiverr
  • Upwork
  • Freelancer
  • SolidGigs

3. Create a business plan: 

Once you have identified a few potential side hustles, create a business plan outlining how to start and grow your business. This should include a market analysis, marketing, and financial plan.

Check these sample business plans from Hubspot to get you started. 

4. Test your idea: 

Before fully committing to a side hustle, it can be helpful to test your idea to see if it is viable. This can involve creating a prototype, offering a limited-time promotion, or launching a pilot project.

5. Launch your side hustle.

Once you have a solid business plan and have tested your idea, it's time to launch your side hustle. This may involve creating a website, setting up social media accounts, and networking to find potential clients.

6. Scale your business.

Once you have launched your side hustle, focus on growing and scaling your business. This may involve finding new clients, expanding your services, or creating new products.

"A side hustle is the ultimate form of job security. It gives you the freedom to explore your interests, try new things, and build a business around your passions." - Chris Guillebeau - American Author

Closing Thoughts

There are several ways to create multiple income streams, and the best approach will depend on your individual circumstances, skills, and interests. You may include some freelancing websites which can give side hustles more meaningful avenues.

Personal Wellbeing

Embracing Wellness Habits That Will Last for a Lifetime

January 9, 2023
The Wellness Tribe Team

We all know the feeling of wanting to break free from the habits that keep us stuck - whether it's biting our nails, procrastinating, smoking, or overeating. These habits can be incredibly hard to break; they become ingrained in our daily routines and can even be triggered by certain emotions or situations. But there's hope! 

In this article, we will take a deep dive into the world of bad habits and discover practical strategies for identifying and overcoming them. We'll also share some tips and tricks for maintaining positive change in the long term, so you can finally say goodbye to those pesky bad habits once and for all!

Knowing Is Half the Battle.

Knowing Is Half the Battle.
Photo by Nubelson Fernandes on Unsplash

In order to defeat the enemy, you must first know its name. And when it comes to bad habits, the first step to victory is identifying which ones are holding you back. So, grab a pen and paper and list all the common bad habits you suspect might be causing you harm. From procrastination to nail biting, oversleeping to overeating, smoking to excessive screen time, jot down everything that comes to mind.

Once you have your list, take a moment to reflect on which habits are causing the most damage. It could be something that's taking a toll on your physical or mental health or causing problems in your relationships or at work. But remember, it's not just about the habit that causes the most harm; it's also about the one that you feel most motivated to change. It's time to pick your battles wisely; change is a process, and starting small is ok. Take one habit at a time and focus on conquering it before moving on to the next one.

By identifying your bad habits, you're already taking the first step towards breaking free from them. You know the enemy; now it's time to wage war and claim victory over them!

Digging Deep to Uncover the Roots

To break free from bad habits, you must go beyond the surface level and uncover the deeper reasons behind them. Why do you bite your nails? Why do you procrastinate? Why do you overeat? These reasons vary from person to person and can stem from anything from stress, boredom, lack of self-control, or even past traumas.

Think of it like digging for treasure; the deeper you dig, the more valuable the treasure. By delving deeper into the root causes of your habits, you'll unearth valuable insights that will help you make lasting changes. For instance, if you find that you overeat as a way to cope with stress, you'll be better equipped to find healthier ways to manage stress. Or if you procrastinate when you're bored, you'll be better equipped to find activities that will keep you engaged and motivated.

Aiming for the Stars (Realistically)

Aiming for the Stars (Realistically)
Photo by Zac Durant on Unsplash

Setting specific and achievable goals is crucial in keeping you motivated and on track when trying to give up a bad habit. It's important to remember that change is a process, and starting small is okay. Setting goals that are too ambitious can be discouraging, but setting goals that are too easy can be demotivating as well.

To set specific and achievable goals, it's helpful to use the SMART criteria. This means making sure your goals are Specific, Measurable, Achievable, Relevant, and Time-based. For example, instead of setting a general goal like "I want to stop smoking," a SMART goal would be "I will quit smoking by the end of the month by using nicotine replacement therapy and attending a support group.

It's important to remember that change is a process, and it's ok to make mistakes and slip up. But by setting specific and achievable goals, having a clear plan in place, and seeking support when needed, you'll be better equipped to overcome your bad habits and make positive changes in your life.

You must take personal responsibility. You cannot change the circumstances, the seasons, or the wind, but you can change yourself. That is something you have charge of." - Jim Rohn.

Celebrating Your Wins and Continuing on the Path to Success

We've reached the end of our journey together, and what a journey it's been! We've delved into the world of bad habits, unearthing the reasons behind them and discovering practical strategies to overcome them. From identifying and understanding the causes of your bad habits to setting specific and achievable goals, we've covered it all.

But remember, change is a marathon, not a sprint. You may stumble and fall, but it's important to pick yourself up and keep moving forward. And don't forget to celebrate every small victory; it's a reminder that you're on the right path. And when you do face setbacks, don't let them discourage you; it's all part of the process.

Seeking help is a sign of strength, not weakness. You don't have to go through this alone, and it's ok to ask for support from friends, family, or professionals. And remember, progress, not perfection, is the ultimate goal.

So, raise a glass and toast to your triumphs and progress, for you have the strength and determination to overcome your bad habits. Cheers to you and your journey!

Personal Wellbeing

Feeling Self-Conscious? Get Rid of These 10 Phrases

October 5, 2022
The Wellness Tribe

Confidence is the key! You can enhance your work-life balance, relationships, and general quality of life by being confident and believing in yourself. Although self-worth is undoubtedly an important component of confidence, it is not the same thing as confidence.

While self-confidence is about being driven and believing in yourself, self-worth is more closely tied to forgiving and embracing oneself. They are, therefore, essentially two sides of the same coin. But both are essential to having a positive connection with yourself and feeling good about yourself.

But we all have that inner voice that influences everything we say or do. If we let it, it might undermine our self-confidence, make us feel inferior, or both. In the end, we find ourselves failing to reach our goals.

If you want to think more positively and feel more confident, here are 10 negative phrases to stop using.

1. "I must complete it."

Instead, say: "I get to do that."

Your attitude will significantly alter if you substitute just one little word. You start to see things more as opportunities than as obligations as a result. So even though the work is unpleasant, it may help you learn new things and lead to opportunities.

2. "I cannot accomplish it"

Instead, say: "I'll do my best to accomplish that."

Keep going until you've even started! When you convince yourself that you can attempt, you not only give yourself an opportunity to succeed but also lower your bar for success by not having unreasonable expectations.

3. "I ought to do it."

Instead, say: "I'll take care of it." (Or, depending on your perspective, "won't do")

The word "should" is restrictive and puts pressure on us. Regain control by doing so. Get rid of the "should" and make your own decisions by deciding whether or not to do anything.

4. "Why am I going through this?"

Instead, ask: "What am I learning from this?"

You may transform something that is bothering or disturbing you into something that can lead you to more extraordinary things by asking yourself what you are learning. You're merely looking for the positive in what can be a difficult situation; you're not moaning.

5. "I should never have."

What to say instead: "I know [X] because I did it."

When you reframe this idea, you start to consider the positive outcomes that resulted from actions you first believed you shouldn't have taken. For example, you could have made a new friend or learned something admirable about yourself.

6. "I messed up."

What to say instead: "This effort failed."

Consequently, it's possible that an endeavor you undertook went differently than planned. You either still need to obtain the desired promotion or the new customer. However, you are being harsh to yourself if you tell yourself that you failed, and that's it. Keep in mind that there will be future chances.

7. If only I'd done [X]

How about saying nothing?

Everybody has had "if only" moments. For example, "If only I had brought up my suggestion at that meeting," or "If only I hadn't responded in that manner to that interview question." However, this is irrational reasoning. You're simply complaining and coming up with reasons—you're not learning from the past.

8. "This is just too difficult."

Instead, Say: "I don't comprehend this right now." 

You are presenting a new difficulty as an unchanging reality when you tell yourself right away that you will never be able to understand it. This implies that you're gently telling yourself that you can't develop or evolve, which is absurd, of course. We are all still growing.

9. "It isn't fair,"

What to say instead: "I can handle it regardless!"

Yes, there are moments when life seems unfair, but that doesn't mean you have to keep telling yourself that mantra repeatedly until you give up. Instead, face that perceived injustice head-on and search for answers that will lead you to your desired destination.

10. "It won't ever change."

What to say instead: "I can adjust how I handle this."

Another instance of moving from the passive to the active is this. First, take control of the circumstance. Do you believe it is immutable? Then alter your perspective on it and your ideas on it!

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This month we are focusing on food and how it affects your mental health. Join us as we bring in the most relevant interesting content from across the wellness segment.

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