2018 5:59 First $1K

First $1,000: “I quickly raised my price to $50 an hour…”

In this week’s First $1,000 segment, we hear from a Returned Peace Corps Volunteer (RPCV) who starts a tutoring business on the side. After starting out at $20 an hour, he learns to specialize and raise his rates.

5:59

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What It's About

A former Peace Corps Volunteer starts a tutoring service for future armed forces leaders.

Notes from Chris

Episode 2018
Today’s episode is part of a new feature we’re doing in 2022 called ‘Your First $1,000.’ As you might surmise from the title, this is all about how someone made their first $1,000.

How did they get to that point? Not their first $100,000—that’s cool, but it would probably be a long story.

One thing I’ve learned is that once you begin to earn real money, the steps required to go to the next level—whether it’s $1,000 to $2,000, or even to $5,000 or $10,000 are often easier than that first real paycheck.

With that in mind, today’s feature comes from Mickey Gamanol, a Returned Peace Corps Volunteer (RPCV) who starts a tutoring business on the side in Las Vegas.

He learned a lot of lessons along the way. But what about his first $1,000—how did he make that happen, what did it feel like, and what did he learn?

Listen to today's episode to learn more...

 

 

MENTIONED IN THIS EPISODE:
  • Thanks to Mickey for telling us about his first $1,000. I appreciate his commitment to service and making a difference. We’re about that here too—we just also want to help you make money!I hope you found it encouraging. Check out his website at GamonalTutors.com. He specializes in the Armed Services Vocational Aptitude Battery (ASVAB) test.
SEE ALSO: Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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Read the full transcript

This transcript was generated from the episode audio and may contain minor errors.

Hey there, thanks for tuning in wherever you are in the world, whatever day it is, whatever time it is. I'm so glad you're listening to Side Hustle School. My name is Chris Guillebeau your host. In today's episode, as we kick off a new week, at least in terms of our publication schedule, this is our segment known as your first $1,000. Your first $1,000. As you might guess,

it's all about how someone makes their first $1,000. How do they get to that point? Not their first $100,000. That's cool, but it would probably be a long story. And we make this show for busy people who want to invest in themselves, but just don't have a lot of time. Also, $1,000 is much more

relatable, I've found. For people who've never started a business, never had an income source apart from their paycheck, if you can get to $1,000, you can do so much. That's my goal for all of our listeners. And with that in mind, today's feature comes from Mickey Gammonal. He is a return to Peace Corps volunteer who starts a tutoring business on the side in Las Vegas. And along

the way, he learns a lot of lessons. We talked about them a bit in the episode that featured him, but what about his first $1,000? Specifically, how did he make that happen? What did it feel like? And what did he learn? Let's hear it from Mickey.

My name is Mickey Gammonal with Gammonal Tutors and ASVAB Domination. I was featured on Side Hustle School Episode 1634, Peace Corps alum tutors, US military recruits. Today, I'm talking about how I made my first $1,000 in business. I tutored with the work study program making about $14 an hour to teach in public schools, and started freelancing tutoring in the summers. One of my first clients was given to me for my part time job. I got along

with the bosses well enough to ask them if they could feed me clients. Essentially, there was one summer and I obviously wasn't in school during the summer, but I still needed to make some money, so I reached out to my bosses to see if they had anybody who needed tutoring. They put me together with a couple of parents who had about a fourth grader. I started out charging about $20 an hour, but eventually I raised my prices to $50 per hour. This was for me to drive all the way out and meet the student in person at the library. At this point, I'd meet with one student studying for

the ASVAB Monday through Friday for an hour every single morning. Later on down the road, after getting a couple of regular students through my boss, what I ended up doing is I started niching down on the ASVAB. I had a really good student, like it was a grandpa who was really interested in seeing his son succeed. He wanted me there every morning, five days a week, for one hour, and so I'd get a crisp $50 bill every single day Monday through Friday on top of my regular full-time job. This meant $250 a week or an extra $500 per pay period, which meant that I was making about a third of my check for 10 hours of work. This got me thinking about switching to full-time

tutoring. I realized I was making more for less time. I was also really happy with what I was doing. Tutoring is definitely much more fulfilling. So we can call it the first thousand dollars per month to do something I found much more fulfilling than my security gig. That was a major tipping

point for me. I knew that working security wasn't a permanent job for me. Since then, I've raised my prices and restructured my business in countless ways. I'm happy that I left that job. Occasionally, I missed the stable income. However, as National Guard Lieutenant, I've got a bit of a safety net

to ensure that I make some form of stable income. Anyway, that's my story about my first thousand dollars. Hope you enjoy it. If anyone is wondering how to make their first thousand dollars, I recommend looking into something that gives you purpose and fulfillment. The money can be secondary. It's very likely that something you like to do can help people. It's not really about the

money. It's more about the positive impact you can have helping people. As you find more and more opportunities to help people solve problems, the money will show up. Thanks so much to Mickey for telling us about his first thousand dollars. I really appreciate his commitment to service and to making a difference in the world. We are all about that here too. We

just also want to help you make money. I think you can do all those things together. And of course, he is an illustration of that. Listeners, I hope you found it encouraging. Check out Mickey's website, GammonalTutors.com. Gammonal is spelled G-A-M-O-N-A-L, GammonalTutors.com. He specializes

in the armed services vocational aptitude battery test, which as you heard in that update is also known as ASBAB. So if you know anybody going into the military, that can be a good resource for them. If you have a question or an update for us about your hustle, sidehustleschool.com/questions, let me know what you're up to, what you're working on, and how we can help. And also subscribe, follow, come back tomorrow. New episode every single morning.

My name is Chris Guillebeau. This is Side Hustle School. From the Onward Project.

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