I’ve gone rogue. That is to say, I don’t wake up and clock in to a 9-5 like most. Having just left my role leading design at a startup, this is a recent change for me. I’m excited about this change. It means I can put more energy towards building wealth in my own way.
For as long as I can remember, my mindset for building wealth has been about creating multiple streams of income. This way if one fails, the others that remain can still support me. I have taken steps towards that vision in the past, so I’m not starting fresh out the gate, but moving forward I will be taking it more seriously. I relish the idea of being able to adjust the weights in an attempt to find a balance that allows me to craft the lifestyle I want to live. I’m not looking to become filthy rich. The goal is to live with financial comfort. Financial comfort to me is essentially knowing you can afford the lifestyle you want to live without working on a strict schedule. If I can do that I’ve succeeded.
This is how I plan on getting there:
Currently I have one Mac app available for download on the Mac App Store. Flee is a to-do / task list application I created resulting from the frustration of complexity in existing productivity offerings. It’s making some income, but I would like to see sales increase over time. In February I will be releasing an iPhone companion app and I know existing Flee users will love being able to use Flee on the go.
In addition to Flee, I may introduce a few other apps to the iPhone and Mac app store to generate more passive income. I enjoy creating products and get great satisfaction out of seeing people use them.
I will write about my experience planning, designing, and hiring others to help me get products in peoples hands in the near future… and yes, for transparency I’ll share some numbers.
The majority of my career has been spent doing web design. I love creating for the web, but print is my guilty pleasure. The paper, the ink, the idea of someone appreciating the work enough to hang it on a wall and living a long life before it ends up in an attic or gallery one day. Inoka is my print outlet. I’m enormously inspired by skate and surf culture and it shows looking at pieces I design. One day Inoka may evolve into a brand, but for now people can purchase from my humble little shop online. I don’t expect a large amount of income to come from Inoka, but it’s a passion project and I will create for it either way. To lower the inventory investment risk I have put some things in place that I will share with you soon.
Growing up learning to design, I would endlessly flip through books with visuals and principles that inspired me. As a web designer most would assume I’d be flipping through web design books most, but the reality is the principals and ethos of architecture and industrial design is what shaped my design views and style. Going to local flea markets I began noticing the beautiful objects I’ve seen before in my books. Turns out many of these items have good value. This form of treasure hunting soon became a hobby that soon become another source of income. Currently I share/sell great vintage design with others through online marketplaces including eBay, Etsy, and Craigslist. I’m in the process of building an online store for the more rare finds too. I will certainly be writing often about the amazing designs of the past as well as the good and bad sides of selling physical items.
Trading Stocks and Bitcoin
Currently this is the only way I make money unrelated to my history with design. Interestingly I began trading when I was introduced to Bitcoin years ago. I loved the idea of a digital currency and so I began investing and doing my research. The price of Bitcoin at that time was very volatile. I found that trading between USD and Bitcoin during that volatility allowed me to reduce my risk. This opened my eyes to charting price action and understanding the mass psychology of traders. It fascinates me! This eventually lead to trading stocks. I’m more of a short term stock trader. I quickly scan charts looking for setups I feel have more reward than risk and get in for a ride. Typically my trades last anywhere between a few minutes to a few weeks depending on how much momentum to the upside I see. The cost of education was clear. You learn the most when your hard earned money goes in the red. That’s when you really begin recognizing patterns and situations building up enough knowledge to develop a trading strategy. Overtime I hope to develop my strategy so that it could become a dependable source of income. I know this form of trading interests a lot of people, so I will write about it from time to time. Just don’t expect any stock tips.
Blogging is new to me. I’m willing to bet it will require the most work, but a blog will likely be essential to driving traffic to my other properties. I do enjoy writing and have wanted to share my knowledge and experience with others for some time. I will write most about design, creativity, and business since that’s where I feel I can provide the most value to my readers. I do also plan on writing about my journey to financial freedom. Writing about it will keep me on course while showing my readers how they too can create side income from their interests and start building additional wealth. Subscribe to the newsletter if this interests you.
Maybe one-day blogging will become a dependable source of income for me. I don’t have plans to begin monetizing the blog immediately, but it is something I may do in time if a niche and some rhythm in my articles begin to develop.
It’s important to mention I enjoy doing all of these things. I’m not looking to cloud my time with things I don’t want to do in order to make a quick buck. It is possible to be your own boss, and it is possible to make income from your interests. Are you generating side income or found financial independence? Post in the comments below, I would love to read your story.