YouTube monologue by Neel Dhingra advising viewers to prioritize generating additional income via side hustles or project-based work over strict budgeting. He outlines a six-month plan: offer a service (example $500/month) and scale the number of clients (3 clients → $9k; 6 clients → $18k) to reach $10–20k rapidly, arguing this is faster than cutting expenses.
So let's say you need to come up with an extra 10 to 20 grand in the next few months, which by the way, could be a great small down payment on your first piece of real estate or used for any other investment. I'm going to give you the game plan that will actually work. Now, most people will tell you to make a budget and just start saving your money. Like skip the coffees and going out to dinner, all that stuff. Now this is good general advice, but without a large amount of extra income, it's going to take way too long to save up this money. My advice is to skip the budget and just do this instead. Find a practical way to bring in extra money for the next six months. Is there a project that you could help your employer or another small business with for extra cash? Or what skills and services could you offer up as a side hustle? So let's say this is a service that you could offer for $500 a month. If you did this for three people, that's going to be $1500 each and every month and 9K over six months. Now, if you could do it for six people, that's going to be three thousand dollars a month and 18K over six months. So you see, making this money is going to be so much faster than trying to save.
