Ep 22: Risk and Reward ScenariosOct 18, 2022
In today's episode, we explore how to avoid getting yourself into something that isn't right for you. In this spoke episode, we will build on Ep #21 and help you determine what you're willing to risk to obtain your goal. Stick around till the end because I am sharing a bonus!
In this episode you’ll learn:
- Before listening to this podcast I encourage you to go back and listen to #20 and #21 to find out about my three income streams, and my 3 tips on how you can start your own income streams.
- How to use risk and reward scenarios to find the perfect remote income stream that's just right for you.
- How to change up the scenarios to cover all your remote work goals.
Here’s what you can find in this episode:
[:44] Today we will continue building on Income streams with how to do a risk and reward scenario(s).
[:54] Last week I gave you tips on how to start your own remote work income streams.
[1:43] Now you are ready to start your remote work income streams, right? Not so fast! I want to help you avoid the pitfalls. Keep listening to find out what problems I had with my first income stream so that you can learn from my mistakes.
[3:45] To help you with choosing the right income stream you have to do a risk and reward scenario. Think of the pros and cons list on steroids.
[4:00] Let's take the work that you did from episode #21, and build on that. Scenario #1. In a year's time if your income stream brought in $100,000 what are you willing to risk for it? Are you willing to risk time? Money? Keeping listening for the details.
[4:40] Keep a list of what you are not willing to risk. These are called deal breakers.
[4:45] In Episode #20 I shared that I did not want my Remote Work School to grow large because I want a more personal relationship with my groups. I found this out by doing a risk and rewards scenario.
[5:15] You can do this exercise over and over again using different goals. Goals could be time, money, emotional, or something as simple as what hours you want to work.
[6:35] So for next week I want you to figure out what you want to risk.
[6:40] Next week will be the final deep dive into remote work income streams. We will tackle what is the right income stream(s) for you!
[7:00] Here is the bonus that I promised you: I get a lot of questions about blogging so here are some tips for starting your own blog.
If you have any questions Click here to DM on Instagram.
Looking for more inspirational ideas? Sign up for my free training:
How To Get Remote Work To Have A Flexible Lifestyle (Without Running Out of Money), https://www.camilleattell.com/remote-training
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