Comments on: Are side projects worth it?

By: Josh Moore

Josh Moore — Wed, 26 Aug 2009 12:58:16 +0000

Hi Debt Kid,

Just stumbled across your blog (thanks to a few networked hyperlinks).

My personal opinion on side projects is similar to yours. Essentially, I have found with all the successful business owners I work with that they have do things as follows:

1: Live within their means (on a personal financial level).
2: Work in their own business for a ‘Cash flow’ profit.
3: Take the excess cash flow from their business and personal finances and invest for what I call ‘Cash Growth’. This can be done via stocks in public/private companies, starting another business, investing in properties, etc.

The point is that until the first two are in order there is no point starting on the third. It happens when you have excess to multiply (this excess could be time too as opposed to money).

Keep up the good work.

By: Claudia Jordan

Claudia Jordan — Tue, 28 Apr 2009 02:10:45 +0000

My question is, “What would you be doing if you weren’t working on your side project?” If the answer is watching TV or playing video games, the side project probably has a lot more value. Balance in life is always important, especially time with loved ones. How about doing a side project with a loved one?! Double whammy!

By: MoneyEnergy

MoneyEnergy — Mon, 27 Apr 2009 05:36:26 +0000

I agree, it’s worth trying the side projects, as Pinyo said. I’ve started 4-5 blog projects, but only MoneyEnergy has really been worth pursuing to me. But you never know until you try it out. I haven’t analysed really why the others didn’t sit well with me, but they just didn’t. But as Patrick said, be careful that your computer time doesn’t interfere with the rest of life.

By: Chris

Chris — Mon, 20 Apr 2009 17:28:34 +0000

Oh yes-yes-yes. Side projects get a gigantic thumbs up from me. If all it takes is time without costing a penny then so much better; and when you actually make a return on that, well… it’s magic.

By: Patrick

Patrick — Wed, 15 Apr 2009 11:49:07 +0000

I love side projects – they are a lot of fun! But they can also be distracting and take away from the focus of you main projects, or interfere with your personal relationships and other things in life. So yes, I support them, but only so long as you have the bandwidth without sacrificing too much.

By: Matt SF

Matt SF — Tue, 14 Apr 2009 19:56:39 +0000

Side projects are worth it as long as YOU find value in what you're doing. Doesn't matter if you fall flat on your face or it costs you money (nothing unreasonable), as long as enjoy doing it… it's definitely worth it.

By: Pinyo

Pinyo — Tue, 14 Apr 2009 19:46:40 +0000

DK, thank you for mentioning Greatnexus to your readres. I agree that you should at least try out your ideas. You never know which one is going to take off unless you try.