5 Ways to use your W-2
#1 CREATE A 12-MONTH
RESERVE FUND In order to quit your 9-5, to pursue entrepreneurship, you must have enough money to survive for at least 6 months. In this case, double the amount. With each pay period, choose a manageable amount of money and add it your reserve fund.
#2 INVEST IN REAL ESTATE
Getting a mortgage when you have an employer, helps a lot. So use your W-2 to acquire property investments, that can bring you great return. Once you’ve acquired enough properties, you can leave your 9-5 and live off the interests earned from your investments.
#3 BOOTSTRAP YOUR SIDE HUSTLE
Your 9-5 can absolutely pay for your next business move. Your business objectives and budget should be very clear. Bootstrapping can become very expensive, if practiced for too long- without recurring revenue.
#4 ACCESS TO FREE EDUCATION
Many employers offer financial incentives for continued education, trainings and degree programs. • Take advantage of these free resources, from your employer, while you ‘re employed. • Use the skills you’ve acquired to build your side hustle.
#5 ACCESS TO CLIENTS
Yes, your current lob can help you secure clients for your business. When you already have a previous connection with your clients, your growth will be unbelievable.
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