For many people the extra seasonal income is a way to put away additional rainy day funds, or use it to wisely pay cash for a few extra gifts without going into debt.
This got me to thinking – “I wonder how someone getting started in our business could leverage this type of seasonal employment opportunities?”
Follow me for a few minutes and reflect on a WREIA article we posted a few months ago:
That June WREIA article also mentioned last years seasonal Amazon hiring. (The article is posted at http://washingtonreianetwork.com/2015/06/21/will-you-hire-a-temp-this-summer/)
My challenge to you in that post was to act like Amazon and hire a temporary employee to do a little work for your business. That temp employee could help you create a postcard or maybe do some research and help with a mailing list.
Some people may have trouble coming up with an initial fund to get started and pay those temporary employees. So take the temporary employment opportunity a step further and we find ourselves involved with something a college friend told me about – international wage arbitrage.
This sounds crazy at first, but what if you decided to take a job with Amazon, or another seasonal employer over the holidays? Most companies will pay around 12$ an hour in the U.S. – maybe more.
Lets say you only work part time, 20 hours per week during the evenings, for the next 8 weeks. Quick math ….. and it seems like you can walk away with a couple thousand dollars.
What do you do with that extra money? Spend it on gifts? Perhaps.
Maybe instead, let’s implement a little wage arbitrage.
Simply put that 12$ an hour to use for you – and invest it in your business – creatively.
You can hire someone overseas to do some research work for you for 2-3$ per hour. In other words, for 12$ an hour you could hire 4 talented people and pay them 3 dollars an hour.
Do you think if you picked the right mix of people you might be able to uncover a single deal in the DC area? There are nearly 6 Million people in the DC metro area – could you find one person to help with a housing situation?
Obviously, these temporary workers will not be out knocking on doors for you. They will likely be sitting at a desk in the Philippines or India, maybe Pakistan, or even Russia. They may work off hours, but does that matter if they are getting good quality research finished?
Finding a good deal does not come easy these days. Anyone telling you that investing in houses or renovating properties is easy – is quite frankly – lying to you.
However, you can begin by taking a few small smart steps and wisely investing in your business. At WREIA this month I am going to show you how you can start with nothing today and safely walk into “retirement” within 10 years.
As I look down the road over the next few years, I will have two kids going to college and after that – the home stretch to “retirement”. I know the financial pressures that everyday life can bring.
This is not going to be a fantasy type dream plan. It’s going to be an actionable itemized plan that will allow you to step away from a job (if that is what you want) and have enough set aside to enjoy life and live comfortably on your terms.
The reality is, if you take a few small steps and get started, the small snowball in 2015 can be a giant unstoppable machine by 2025.
Only TWO WREIA Meetings Remain!
Come on out and join other WREIA members this month.
It’s going to be like a one night mini-course on how to develop a plan to put your career in Hyper-Drive.
Make this week a great week for your business!
Washington REIA Network, President