I have been fortunate enough thus far in life in that I have been able to start, establish and sell several successful businesses. Currently I manage a portfolio of online and offline businesses that allow me to live the mobile lifestyle. However, before any of this was materialized, I too like most people in this world had a job that I went to every morning Monday through Friday.
I liked my job. It paid very well, took me places around the world and put me in touch with some very wealthy and powerful decision makers (people running Fortune 100 companies making several million bucks year in year out). I was on the fast track climbing the ladder just like everyone else around me.
I wasn’t unhappy at all in what I was doing, but I knew I could achieve something better, which is to make enough to live the lifestyle I want yet have the freedom and flexibility to design my life around people, things and priorities that were / are important to me.
The more I researched and studied the more I realized that the way to achieve what I wanted was through passive income, or income generated by businesses and assets that can be managed remotely with relative ease and little risk. Fast forward a few years and I now find myself living the dream, my own dream which I had dreamt while working a full time job.
I’d like to share a handful of tips that helped me, which may help you, prepare for an unconventional lifestyle while still living the 9 to 5 lifestyle.
Invest in Your Education / Yourself
I cannot emphasize investment in yourself through investing in your education enough. When I was young I read somewhere that the quest to excellence is a lifelong process. It wasn’t until after college when I realized what the quote truly meant. Unfortunately for many, learning ends when college ends. The real journey is really supposed to just start at that point.
Invest in yourself as much as possible. If climbing the ladder is your dream, invest in the necessary education that will enable you to do so. If starting a business is your dream, invest in the tools that will enable you to do just that down the road.’
Fill in your dead time with education opportunities. Listen to books and podcasts while driving. Carry a book or a magazine to plug in time gaps. Watch educational videos while flying. Take a weekend to stay in and research online.
Network Outside Your Profession
Networking is one of the most underrated initiatives in life. Network outside your organization and get connected with like minded individuals. You can assemble your dream team way before you will ever need them. There is no rule precluding you from doing so.
Attend local MeetUp events and association meetings. Leverage LinkedIn and other social networks to find and connect with individuals of interest. It’s nice to have a resource pool the minute you decide to embark on your entrepreneurial journey.
Prepare Yourself Mentally
Discipline yourself to live a financially responsible lifestyle. Live nimble and save. This will help you in the event your entrepreneurial endeavor requires you to (or if you want to) dedicate all your time to it. Even if you don’t do that, a nice reserve will help you live a less financially stressful life if you decide to stay within the “template” lifestyle.
Finally, understand that not everyone succeeds in everything they do, and that success doesn’t necessarily mean becoming the next Bill Gates. Define what you want, when you want it by and get ensure you have full clarity. At the same time, realize that even if you can’t achieve an Untemplate-d lifestyle, the Template-d lifestyle works just fine for the majority of working individuals.
Many successful individuals will tell you that luck is simply when opportunity meets preparation. The tips above, while not the most comprehensive set, help prepare an individual for a time when opportunity comes by. Don’t wait to start preparing after an opportunity has already come by, hit you in your face and then blow right by.
When I reflect back, I don’t think the journey was that complicated at all and I feel that anyone determined enough can replicate it. It was simple, but not easy because I had to work hard and put in the time necessary to make things happen. There is no shortcut around the actual process of learning, executing, failing, learning again and retrying.
All the best,