- Big Cash Money
- Posts
- Building a moat around your future and career, how to raise your rates + more
Building a moat around your future and career, how to raise your rates + more
Most days I’m on Twitter running my mouth about how multihyphenating yourself and creating multiple streams of income is like building a protective moat around your livelihood. But why? Consider these two very possible scenarios.
Most days I’m on Twitter running my mouth about how multihyphenating yourself and creating multiple streams of income is like building a protective moat around your future.
But how does it do that? How do those streams impact your career?
Consider these two very possible scenarios:
Scenario 1: You’re up for a dream job, in the final round and it’s between you and one other candidate. The other candidate has a few more years of experience than you, but you have a weekly newsletter and speak at conferences on the topic. You’ve been busy turning your knowledge into content, sharing and teaching others. Who would you hire?
Scenario 2: It’s still 2024 and layoffs are raging; this time, you’re the one affected. But for the last few months, you’ve been writing a newsletter and working on a course, and you also do a bit of consulting on the side. Your side projects can hold you over until you find your next big thing. And when it comes time for the next big thing… see scenario #1.
The thing is: a table, a chair, and most things need more than one leg to stand on to be stable. So do you. Make more money and protect your future - go forth and side project, multihyphenate ❤️
— Biggy, the friendly pig behind Big Cash Money
DON’T MISS OUT
My bookmarks from the week - good reads, listens, and general inspo from all around.
💵 How to raise your rates as a freelancer/consultant/fractional professional (yes, you can do it anytime).
🗣️ Giving feedback is an art, this three-level approach is golden.
👩🏻💻 I love this Loom by Taylor Harrington where she walks through how she buckets and preps her LinkedIn content (her LinkedIn content is lovely and has zero ick-factor).
📜 Paul Graham’s (very old) essay on doing what you love is brilliant; money’s role in it is ever-present and thought-provoking.
🎨 Ending up with the essence of the bull is where the magic happens - but you can’t skip the process.
FOMO Fix
Where I’m going and where I wish I was going - events (IRL and online), workshops, webinars, meetups, and conferences.
🧠 ADHD and Mental Health Training, by Health Education Initiative, Monday, May 20 at 1 PM PT / 4 PM ET (virtual, free)
🌊 LA Women in Tech - Beach Walk & Wine at Sunset on a Private Rooftop, by Jovena Natal, Wednesday, May 22 at 5:30 PM - 8:30 PM PT (in-person, $15+)
⚖️ Legal Needs of Small Businesses, by Coach Niquenya - Master Business Coach, Monday, May 20 at 10 AM PT/ 1 PM ET / 11 AM PDT (virtual, free)
MUST FOLLOWS
Multihyphenates I absolutely love following.
☕️ Mark Techson - an engineer and public speaker with an amazing #GoodMorningWithMark series; I love his attitude and admire how much he does. A true inspiration.
☁️ Hiroko Nishimura - is an Author, Technical Instructor, and AWS Hero who authored "AWS for Non-Engineers"; I follow her for inspiration on building technical digital products and growing side incomes.
🧮 Marie Martens - co-founder of Tally, a free form builder tool with 250k users; I follow her for insights on bootstrapping and growth.
HOT LEADS FOR BIG CASH MONEY
I’m putting my money where my mouth is: here are literal ways for you to make money, get the funding needed for your project, grow your network, or save money.
📥 Fractional Jobs is a relatively new and great resource for landing fractional opportunities in engineering, growth, finance, marketing, etc.
📝 If you have a love for deals and can make your way around content creation, writing, and SEO, the Krazy Coupon Lady team is looking for some freelance help. For more info, message Marlisse.
💰 Applications are open for the Y10 cohort of 43North, the largest pitch competition in the US. They invest $1M checks into 5 companies for 5% equity. Apply here, applications due June 7.
LIVE FROM BIG CASH MONEY
Big Cash Money (lovingly called BCM) is a community of multihyphenates - professionals who are building multiple income streams, often alongside a day job.
❤️🩹 Saron shared her recent journey of putting DiscoLink out into the world.
🤗 Members worked together to spread the word about the Rails Camp x Black Tech Pipeline scholarship fundraiser.
⌨️ On Monday, members discussed taking stock of their tech stacks and subscriptions to clean up shop, double down on what they need, and save $ on what they don’t.
Want to join a future cohort? Add yourself to the waiting list. Cohorts opening up soon.
GET THE BIG CASH MONEY MONETIZATION WORKBOOK
We got rave reviews on a workbook the Big Cash Money team made for a recent workshop, so we thought we’d share it with you, too 🤗
The Big Cash Money Monetization Workbook is designed to give you a place to plan your journey as a multihyphenate.
✅ Identify income streams for exactly where you are in your career/ experience
✅ Get inspired by others who are a few steps ahead of you
✅ Get a snapshot of the realities behind each kind of income stream (how long it takes to monetize, how flexible it is alongside a 9-5, etc)
✅ Get connected to communities of folks building additional income streams
✅ Set your goals and make your action plan
To get your FREE copy of the Monetization Workbook, just share this newsletter with a friend below!
What did you think of today’s newsletter?
😍 Loved it.
YAY! Can I ask you for a favor? Forward it to a friend or reply and let me know what your favorite part was.
🧐 Meh.
Fair enough - I love feedback - would you mind replying and letting me know what should be better?
If this email was forwarded to you, you can subscribe here.