About half a century ago, most people who got a job counted on the 4o-40-40 plan; you work a job for 40 hours a week and retire and live on 40% of your income. Now, most people understand that plan may not be the best plan. People change their jobs more frequently and companies lay of people more easily than than they used to.
There is now a trend of having a job as well as a “side hustle” which is basically having a second and typically smaller income, usually from an entrepreneurial venture.
According to Jaimee Ratliff, writing for blackenterprise.com:
If you’re feeling like your days are blending together and you’re unsure of how to maintain it all, here’s how you can make time for work-life balance when your side-hustles are your life:
Wake up a little earlier. This is a strategy that will never get old. We all want to hit the snooze button one three times before we get up to face the day, but challenge yourself to start waking up 30 minutes earlier. As a huge believer in being well rested, I’m not a big fan of the “no sleep” movement that some people swear will skyrocket you to success. With just an extra half-hour, you are able to get at least one thing scratched off that ever growing to-do list whether it’s getting a quick cardio session in, completing the intro of an article or sending out a few emails.
Prioritize realistic goals for each week. As much as we want to be a superhero and get everything done at once, it just isn’t possible—or realistic. Take some time at the beginning of each week to decide what small tasks should be completed in order to meet the deadline of a larger project. It’s best to break action items up into smaller chunks instead of trying to do everything upfront or waiting until the last minute and frantically piecing everything together.
Focus on one thing. I’ve had countless conversations with friends who are multi-passionate like me, and I’ve learned that it’s natural to want to pursue everything at once or maybe because you have so many interests, you’re unsure of what your key focus should be. I have a big fear that if I focus too much on one thing, I’m telling my other passions “I’m just not that into you”—which is really not the case at all. What I’m learning right now is, if you try to focus on everything, you’re really focusing on nothing. Taking the time to explore one or two projects work out best because it allows you to decide if what you’re pursuing is something you truly enjoy. If so, you will be able to dedicate more time to doing a good job at mastering what you love.