Swizec Teller - a geek with a hatswizec.com

    Balancing serious sidehustles and full-time work

    Erik, the author of Developer Hegemony and founder of Hit Subscribe, invited me to chat about balancing sidehustles and full-time work in his ... thing ... it's like a podcast but also a live AMA with the audience. What's that called?

    We talked about:

    • why I left Slovenia for San Francisco
    • how I decided to abandon my freelancing career in favor of a full-time job
    • how I run my side business
    • why I refuse to make it full-time
    • the fact everything you do has a cost and ROI
    • you pay with time or with money, but you always pay
    • how a sidehustle can help your main career

    And I said "to give you some context" a few too many times.

    To give you some context, Slovenia's entire GDP fits into the amount of stock value Facebook lost with that 6 hour outage. Yeah.

    Swizec Teller published ServerlessHandbook.dev avatarSwizec Teller published ServerlessHandbook.dev@Swizec
    Facebook stock lost as much value today as Slovenia's ๐Ÿ‡ธ๐Ÿ‡ฎ annual GDP.

    4.9% of $920,000,000,000

    so yknow ... perspective
    Tweet media

    Your income depends not on what you do but who you do it for. The bigger the ROI the more value you create the more you make.

    The part we didn't get into with Erik is the idea behind why to have a business or other revenue stream alongside a dayjob. That's the Barbell investing strategy.

    You put most of your eggs in the safest basket and gamble to the max with the rest. Cap your downside, maximize your upside.

    I wrote about this in Pay yourself first where I describe my asset allocation after 5 years of Silicon Valley.

    Erik also asked about time management.

    There is no secret. You can cut distractions to make time and you can buy time with money.

    It's interesting how my thoughts on that evolved since @chantastic asked in a React Podcast episode on Hustle and Focus.

    These days I think more in terms of leverage and less in terms of youthful exuberance and hustle. 2 years ago that approach was barely nascent.

    swyx avatarswyx@swyx
    Idea virus living rent-free in my brain:

    "Productivity is for people who don't have leverage." - @fortelabs

    Productivity = output over time
    Leverage = impact over effort
    Swizec Teller published ServerlessHandbook.dev avatarSwizec Teller published ServerlessHandbook.dev@Swizec
    @swyx Have you seen my forearm tattoo? I had this realization ~4 years ago.

    putting it into practice is proving harder ... something about 80/20 but which is 80 and which is 20
    Tweet media

    Compared to a true leveragist, I have lots to go. Baby steps :)


    PS: you can read more about the seriousness of my side business in 5 years of infoproducts or how I made $369,000 on the side

    Did you enjoy this article?

    Published on November 5th, 2021 in Opinions, Podcast, Indie Hacking

    Learned something new?
    Want to become an expert?

    Here's how it works ๐Ÿ‘‡

    Leave your email and I'll send you thoughtfully written emails every week about React, JavaScript, and your career. Lessons learned over 20 years in the industry working with companies ranging from tiny startups to Fortune5 behemoths.

    Join Swizec's Newsletter

    And get thoughtful letters ๐Ÿ’Œ on mindsets, tactics, and technical skills for your career. Real lessons from building production software. No bullshit.

    "Man, love your simple writing! Yours is the only newsletter I open and only blog that I give a fuck to read & scroll till the end. And wow always take away lessons with me. Inspiring! And very relatable. ๐Ÿ‘Œ"

    ~ Ashish Kumar

    Join over 14,000 engineers just like you already improving their careers with my letters, workshops, courses, and talks. โœŒ๏ธ

    Have a burning question that you think I can answer?ย I don't have all of the answers, but I have some! Hit me up on twitter or book a 30min ama for in-depth help.

    Ready to Stop copy pasting D3 examples and create data visualizations of your own? ย Learn how to build scalable dataviz components your whole team can understand with React for Data Visualization

    Curious about Serverless and the modern backend? Check out Serverless Handbook, modern backend for the frontend engineer.

    Ready to learn how it all fits together and build a modern webapp from scratch? Learn how to launch a webapp and make your first ๐Ÿ’ฐ on the side with ServerlessReact.Dev

    Want to brush up on your modern JavaScript syntax?ย Check out my interactive cheatsheet: es6cheatsheet.com

    By the way, just in case no one has told you it yet today: I love and appreciate you for who you areย โค๏ธ

    Created by Swizec with โค๏ธ