3 Reasons Why Your Time Is Money

by Mr. 4HWD on August 19, 2014 Leave a Comment

3 Reasons Why Your Time is Money If you’re a busy young professional, you’re tasked with the challenge of figuring out how to spend both time and money wisely.

“Time is money” is an old adage many of us have heard — but have you thought about the actual implications that time has on our money? Time allows our investments to grow and provides us with financial opportunities.

Knowing how time and money relate to one another can open your eyes to a world of opportunity and increased productivity. Consider these 3 reasons why your time is money: [Read more…]

How to Ask for and Negotiate Higher Pay

by Mr. 4HWD on August 12, 2014 Leave a Comment

Just the thought of asking for a raise at work can be enough to get your heart pounding. For many workers, asking for a raise can be intimidating. You might be afraid of how your boss will react, unsure of how to react yourself, or lost as to how you should go about this somewhat delicate process.

It’s crucial that you learn to ask for and negotiate higher pay at the beginning of your career. It’s the best investment you can make in yourself, as just like any other investment it has the potential to compound over time.

In other words, if you fail to negotiate for a raise early on in your career, you’re missing out on an opportunity to earn more over time.

The key to successfully asking for a raise is to be prepared. Educate yourself on how to negotiate and understand what you should and shouldn’t do when asking for more. [Read more…]

What Does Minimalism Mean to You?

by Mr. 4HWD on August 5, 2014 Leave a Comment

A few weeks ago, I wrote a post about getting wealthy by wanting less. I believe this is a powerful way to increase your wealth. When you want less, you spend less. And when you spend less, you can save more and you don’t need as many financial resources to live happily and achieve your goals.

But what exactly does “wanting less” mean? What does it look like?

You may say someone who wants less is a minimalist, but even this term is open to interpretation. Let’s consider at what wanting less looks like in reality, and try to discover what minimalism means to you. [Read more…]

4 Reasons Why Corporate Job Security Has Changed

by Mr. 4HWD on July 29, 2014 Leave a Comment

Corporate job security simply isn’t what it used to be. While the baby boomer generation may have been able to stay at one company for their entire career and retire with a pension, most working adults are facing a different reality today.

If the recession taught us anything, it’s that corporate jobs are no longer secure. It’s not uncommon to see employees switch positions every year. The average Gen Yer only works a job for about three years before moving on to the next one.

But why has the change occurred? Why do some people argue that side hustles, side businesses, or even becoming a freelancer or entrepreneur offers more stability than corporate job security? Here are 4 reasons that may explain this new reality: [Read more…]

How to Keep More Cash in Your Pocket by Bootstrapping Your Side Business

by Mr. 4HWD on July 22, 2014 6 Comments

All businesses, big or small, on the side or full-time, come with expenses. They could just be startup costs, or you might need to account for ongoing or reoccurring expenses. Either way, the money you need to spend to keep your side business running has to come from somewhere.

Hopefully, your gross profits are enough to help you handle the costs of keeping your work on the side going — so you can keep bringing in the extra cash.

But even if you’re pretty thrifty and savvy with your personal finances (after all, you probably started a business on the side to earn some extra money to further your financial goals, right?), it can be too easy to mindlessly spend on anything you can write off as a work expense.

Saying, “it’s for my work” or “it’s for my side business” can evolve into an excuse that allows you to buy or spend more than you really need. After all, your side business provides extra profits for you — so it’s not like Right?

Well, maybe. But consider changing your mindset. Ask yourself, how much more cash in your pocket would you have if you made an effort to start bootstrapping your side business? [Read more…]

How Outsourcing Can Help You Work Smarter

by Mr. 4HWD on July 15, 2014 8 Comments

As entrepreneurs who run their own full-time business, or side hustlers that have a part-time gig in addition to a day job, we’re often victims of what entrepreneur Chris Ducker calls “superhero syndrome.” Whether we’re working the 9 to 5 and freelancing on the side or have a six- or seven-figure business that we run, we think we can do it all when it comes to our work.

We’re not mere humans. We’re business superheros! Or so we think.

Or maybe you know you can’t handle everything. But you just don’t feel like we can trust other people to help us out.

Never mind that you’re not an expert in all the areas we need to be to have a successful venture — none of us has world-class knowledge on accounting, marketing, sales, productivity, management, and skills to handle every single aspect of our gigs. We might have two areas nailed down, maybe even three or four.

But all of them? Nope. Again, you’re not superhuman. (Sorry.)

The bottom line: we all only have so much time in a day or knowledge in our heads. We can’t know — or do — everything all the time, all at once.

That’s why we need to work smarter. And that starts with outsourcing what we can. [Read more…]

Should You Put Work First?

by Mr. 4HWD on July 8, 2014 Leave a Comment

If you want to make your dreams into realities, consider putting work first.

But wait!

Could this sound any more soul-crushing?

At first glance, the idea that you should put work first, even ahead of your dreams, sounds terrible. But hang in there and you’ll see why doing this actually makes your dreams that much more possible. [Read more…]

How Much Can You Make Driving For Lyft and Uber in OC/LA?

by Mr. 4HWD on July 3, 2014 27 Comments

This post originally appeared on The Rideshare Guy Blog and Podcast but since rideshare driving can be a great second source of income I thought it would be a great article to post since the number one question I get from people is: How Much Can You Make Driving for Lyft and Uber? I drive in Orange County (OC) (and sometimes in Los Angeles (LA)) so these are my experiences driving there but I wouldn’t say there’s any monumental difference compared to other cities although you do definitely make more in the bigger cities.

Driving For Lyft

Driving For Uber

Sign up to drive with Uber and get up to $500 depending on the city! (referral link)
Get $20 off your first Uber ride when you sign up as a passenger.

How Much Can You Make Driving For Lyft and Uber in OC/LA?

Even though I’m now a registered Uber and Lyft driver I haven’t had much time to drive for both platforms at the same time. I wrote about my first weekend doing both a couple weeks ago and the rides were overwhelmingly Uber. Even though I’m a part time driver, I really don’t have any set times that I like to drive though. I kind of just head out whenever I feel like it or whenever I’m bored.

Related Article: Do Drivers Make More Money With Lyft or Uber?

With that being said, I decided that I was ready to try out my first full Saturday night driving for both Lyft and Uber. It was actually my first full Saturday night in general ever since I normally do other things on Saturday nights. But here in Orange County, Friday nights are usually a little bit slow. I haven’t had much luck making the big bucks on a Friday night but it seems like Saturday nights are always heading towards surge or Primetime around 11 pm up until around 2 or 3 am.

Analyzing My Saturday Night

It’s a little hard to keep track of all your rides while you’re driving but I usually take an in-depth look at my statistics using Sherpa and some of my own calculations the next day. The best thing about driving part-time is that you can really cherry pick your hours. I usually turn on Lyft and Uber at my house and if it’s slow, I might postpone going out until it gets busier.

And that’s exactly what happened on this night, I checked in around 7 pm and then again at 8 pm and there were still tons of drivers out. I went into driver mode for a while but didn’t get any requests within a few minutes so I figured it would be better to wait until later. [Read more…]

Making Time for Self Improvement

by Mr. 4HWD on July 1, 2014 5 Comments

Whether you’re a full-time entrepreneur or part-time side hustler, chances are you lead a busy life.

Between work (all kinds of it), family, hobbies, a social life, and just a little time to relax every now and then, it can be hard to pack everything you need into a day when there’s only 24 hours available.

But it is important that we try to make room for one more task in our hectic schedules. Business owners and those who have established side gigs need to make time for self improvement. [Read more…]

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Work Less, Save More, Live More

Driving For Lyft

Driving For Uber

How Much Can You Make Driving For Lyft and Uber in OC/LA?

Analyzing My Saturday Night

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