Sure.

A simple ledger analysis, or even a quick glance at your checkbook, tells
you where your money is going. Big chunks like rent. Smaller chunks like
dining and drinking out. Maybe they're inverted depending on your
lifestyle. Fixed amounts like cell phone bills.

One at a time, I look at pieces of my lifestyle and see if I can't find a
way to cover them with a project that generates recurring income. Most
recently, I set the goal of our latest iPhone app (http://usemailroom.com)
covering my rent for ~6 months. It's not forever, but if I don't have to
worry about where my rent is coming from for 6 months, that frees me up to
work on something else that might let me pay my rent for a year.

Small, iterative goals working towards larger iterative goals.

Does this help?

*Shameless self promotion:* my good friend Amy Hoy <http://slash7.com> and I
are running a class right now (~50 students from around the world) to help
them towards identifying their first business-viable project, and actually
getting it to market. It's paid members only while in session, but it's
being conducted 100% online at http://yearofhustle.com. You can sign up on
the mailing list if you're interested in participating in the next session
and possibly teaser content as the course progresses.

There's also a bit of "why" I'm excited about this class up at
http://dangerouslyawesome.com/2010/03/launch-university/

-Alex

/ah
indyhall.org
coworking in philadelphia


On Tue, Mar 23, 2010 at 11:11 AM, gerard <helloger...@gmail.com> wrote:

> On Mar 20, 10:40 am, Alex Hillman <dangerouslyawes...@gmail.com>
> wrote:
> > I also don't believe that having a full time job means security, nor does
> > being independent mean a lack of security. My approach over the last year
> > has been to break my cost of living down into smaller chunks, and find
> more
> > sustainable ways to support those individual living needs. Client work
> isn't
> > the only path to income, and when you can get out of that headspace, your
> > world opens up.
>
> Hi Alex,
>
> Care to elaborate on this point a bit further?  I understand the part
> about having a full-time job not meaning security - I tell my risk-
> averse wife this all the time.  Could you elaborate a bit more on what
> you mean by breaking down other costs of living?
>
> Thanks,
> Gerard
>
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