Home Uncategorized Entrepreneurship, Money, and Donuts
Entrepreneurship, Money, and Donuts

Entrepreneurship, Money, and Donuts


scream job

What up what up! Was digging around some emails and came across a little note I sent to myself a year ago that said: “share this around or something – you did a great interview!” Haha…

So today I shall comply and do just that. You know, to not let my previous self down ๐Ÿ™‚ I’m not sure it’s my best, but I do know tons of people are struggling to “figure it all out” right now work-wise, so maybe this will shake something up for y’all. Lord knows it takes us time to sort things, and even when we DO finally get our $hit together something else comes up to challenge it!

Anyways, hope you enjoy it. Big thanks to WiseBanyan for letting me republish this today. Check ’em out if you’re looking for some investing help… They say they’re “the world’s first free financial advisor,” but I think they forgot about blogs ๐Ÿ˜‰


J. Money currently makes six figures a year through blogging, being a blog/money coach, and advising financial startups. But before getting to that point in his life, he held over 30 jobs and got laid off more than once. [Update: I no longer do coaching, though but it was fun when I did!]

J. was kind enough to give us some insight into what it takes to be an entrepreneur, why getting fired doesn’t have to be the worst thing in the world, and the truth about making money on the side job hopping. Take a look!

Job hopping is getting more common these days, but it’s still looked down upon. What would be your advice to someone young and restless thinking about making a quick job switch?

I think it’s fine to switch jobs so long as you’re truly going after your goals and not just chasing the money or a title.

It’s so easy these days to get sucked into wanting more just because it’s what society tells us, but when you realize you can be just as happy – and still grow! – without job hopping all over the place, it becomes a much more positive, and peaceful, experience. And believe me – after having 30+ jobs myself before “figuring it out,” it’s a world of a difference!

Just do your best to go after the right things, and whether you have to job hop or not at least you know you’re on the right track.

Everyone says build up 3-6 months of savings as an “emergency fund,” but would you give any other financial advice to people in case of a layoff?

Yeah, the more savings you can bank the better, but something even more beneficial is having a side hustle or two in the works. That way you’ve always got an income stream coming in whether large or small. God forbid you do lose your job you could always dedicate more time to your side hustles and keep up the flow of money while you’re out on the prowl for a new one. IF you even need a new one!

My little blog I started years ago went from making $0.00 a month to fully supporting a family of four and ending up changing my entire life. So you never know what other opportunities can arise from your side hustles. And even better if you can get passive income streams going which don’t even require any work on your behalf once you get them up and going!

You were actually relieved when you were laid off. For people who are pretty upset about it, what would be your go-to plan (both emotionally and financially)?

When it comes to being financially/emotionally ready, the best thing you can do is have as much of a foundation set before a time like this ever occurs. That means getting debts paid off, savings banked, an overall sense of good financial management, and general life goals. All easier said than done, of course, but believe me – it’s easier to get working on this stuff now versus later when you lose your job! That’s always a shock whether you’re prepared for it or not.

What about people looking to start their own business?

If you’re even remotely interested in starting your own business, I strongly suggest getting started with it now on the nights and weekends while you have that stability and income flowing in.

You will fail and learn a ton in the process, and if you’re not willing to spend your free time now growing a business, you’re probably not a good candidate for self-employment.

You’ve got to want it bad, and it’s much easier to take risks now while you’ve got nothing to lose than later when your livelihood counts on it. And these days you don’t need business cards or fancy business plans to get things rolling – just focus on getting as many “yes’s” as possible by pitching people (i.e. clients) and then build out the company from there! It’s all about that lean startup mentality until you get things rolling.

Would you say entrepreneurs in a sense are always at risk for getting “laid off?” due to out-of-the-box thinking?

Hell yes! No job – or business – for that matter is ever 100% secure. You always have a boss, it’s just a matter of whether it’s a manager above you or a paying client. In either case a strong work ethic and creativity go a long way in securing your future. And the more times you get up after failing the better you get over time too!

Working for yourself isn’t all rainbows and donuts – it’s just a trade off of pros and cons.

Any other money/general advice for people in their twenties feeling queasy about the job market?

YES! If you get a good grasp of your money early on, the “job market” or economy or anything else matters much less as time goes on because you hold all the power. So being conscious of where your money is going and doing your best to prioritize can make all the difference in the world. One of the best ways to get on top of it all is to start tracking your net worth (assets minus liabilities).

It’s quite empowering knowing where you stand, and you can’t measure success if you’re not tracking anything. So track your net worth on a monthly basis and then really challenge all your expenses and see what’s truly important in your life. Remember that the less you need to live off of, the less you need to earn.

Once you become financially free almost all the events in the world matter less and less with time. And so does needing a job for that matter!

You’re a dad now! Do you have a key piece of advice regarding jobs and careers you plan on telling your child in the future?

I want them to experiment like crazy and work on whatever it is that they’re passionate about!

You always produce better work when you’re excited about a project, and these days with technology and the internet the options are really endless with what you can build. I still hope they get a college degree to fall back on throughout the process, but at the end of the day if they can wake up and be excited with how they’re spending their time, I’ll be one happy and proud father.

I never want them thinking there’s only one path to success, or that they have to do whatever everyone else is doing. Most everyone else is stressed and in debt ๐Ÿ™‚


Here’s to figuring it all out!


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