Alright, lets see a show of hands… Who’s ready to brainstorm some creative ways to finance their many pursuits?
(I’m imagining you in front of your computer, waving your hand, just so you know.)
STEP 1: Identify Your Passions
Hopefully you went through last week’s worksheet and filled it out. If you haven’t, go do that now. Seriously, this won’t work if you don’t have a really solid sense of who you are. And I mean, solid, like staring back at you on the screen.
(At the very least, go do the “ideal day” exercise. Otherwise, this simply will not work.)
STEP 2: Slot Your Passions into Your Ideal Day
You know whats amazing? When your real life begins to match up with your ideal life. I mean, when you can literally pick up a piece of paper you filled out months or years earlier called “My Ideal Week” and you find no distinction between that piece of paper and your current weekly schedule.
So lets draw up this perfect schedule. Think of it as a present to your future self, for Future Self to hold up against reality and grin at.
1. Download and Print Out the Worksheet
2. Use Your Perfect Day Exercise to Colour in Some Blocks
Colour in any blocks of time that you want to save for something special. For instance, if you wrote down that you wanted an hour in the morning to go for a jog or write, slot that in. If you wanted 3-4 hours in the middle of the day to work on your novel or business or to paint, slot that in. Keep going.
You can get specific about the activities like Abe (“film directing” from 9-5) or keep it open like me (“creative project” from 9-12). I like to keep mine open because then I can cycle in different projects, depending on my mood and where I’m at. But if you have a main focus in your life right now like Abe, you can definitely get specific.
Track Your Energy Levels
Keep your energy levels in mind throughout the day. When are you most productive? Make a note and relegate your most meaningful projects to those times.
Similarly, if there are any hours in the day when you are utterly useless and/or exhausted, mark those down. I’m usually dead to the world between 2-5pm for example, so I don’t try to force it. Instead of working, I watch DVDs, tweet, hang out with friends, run errands, or take a nap. Resting up or doing something mindless during your down time will help you focus better when that next boost of energy hits.
Finding a Balance Between Routine and Flexibility
You can fill out as much or as little of your weekly schedule as you like. You can also derogate from it regularly. It’s meant just as a baseline, and nothing is set in stone.
In fact, you might not want to print your schedule out at all. The point isn’t to set up rules for yourself, but to simply spend some time consciously thinking over how you want to spend your days. In other words, the value is in act of completing the exercise, not in the final product.
STEP 3: Brainstorm Monetization Strategies
Which of the activities and interests you came up with in step 1 would you like to monetize, and how? Here are a few ideas (note: these are mentioned, along with other possible revenue streams, in the Manifesto. A must-read):
1. Blog-Based Business
The blog-based business is a good model for multipotentialites because it allows you to combine many interests and skills on a regular basis. It’s especially great if you like writing, speaking, multimedia, teaching, collaborating, and community building.
Remember that blogging isn’t synonymous with writing. A video blog, podcast, or even drawings, will make your site stand out, so don’t sweat it if writing isn’t your thing.
Got any skills you love applying and could leverage? Web design, video editing, WordPress installation, cooking, guitar, speaking a foreign language, speaking a not-so-foreign language like English, a passion for organizing? I could go on.
For info on charging exorbitant rates through freelancing, check out Ramit Sethi‘s stuff. Hands down, the best. (The key is understanding the inner psychology of your clients.)
3. Other Forms of Online/Passive Income
Here I’m thinking mostly of affiliate marketing, niche sites, and other forms of passive income. There are some great resources (and some not-so-great ones) out there. I’d start by pointing you over to Pat Flynn at Smart Passive Income. Really nice, helpful guy– one of my early inspirations upon entering the world of digital self-employment.
Have you come up with some possible revenue streams to match up with your ideal life? Need some inspiration, or just want to see how it’s done? We’ve got part 2 of our case study for that!
In Today’s Episode of Undeclared for Life…
Can you fill your week with only the activities that light you up, and still live comfortably? “Coach Emilie” continues to guide Abe as they design his ideal life and discuss possible revenue streams through which to monetize his passions.
Listen to the Episode
What does your ideal week look like? And who wants to see Abe start a blog about time travel?
Stuff Mentioned in the Episode
- Ideal Week Worksheet (DOC, PDF)
- Escape from Cubicle Nation: “What’s Your Side Hustle?”
- Problogger: “Why Your Blog Is Not Going to Make You Rich (Or Pay the Bills)“