946
11 min 36 sec

WEEKLY RECAP: Warren Buffet’s “Five Goals” Rule

In our thirty-first recap of Season III, we'll highlight the lessons learned in this week. Also: an audio update from a previous case study!
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Notes from Chris

Episode 946
THEMES & TAKEAWAYS:

We’ve just finished week 31 of Season III! This week, we featured a Toronto powerlifter who bakes custom cakes, a Texas couple who turn test scores into treasure, and my favorite: a Reddit “Secret Santa” who delivers a sack full of adventure.

It’s also a new month!

Warren Buffet’s “Five Goals” Rule...

This week I've been thinking a lot about an apocryphal story attributed to Warren Buffet.

The short version is that he suggests you make a list of your top 25 goals, then select your top 5. From there, instead of merely "prioritizing" your top 5 and working on the others whenever you can—an approach that seems logical, and what many of us would do—you consider the 20 to be the enemy of the 5.

In other words, according to this theory you should focus ONLY on your top 5 goals, ignoring all the others even if they seem like good ideas.

The 5 Goals strategy is a reminder that it’s not what you do, it’s what’s you don’t do, that drives your productivity and performance.

Listen to the Weekly Recap to learn more on this topic and to hear from a side hustler we featured in our second year!


WHERE ARE THEY NOW:

Today, we have an update from Reena Goodwin who was featured on the show in Ep. 313.

Listen to the Weekly Recap to hear from Reena!

You can also check out her website, FACTEUR PR!
EPISODES FROM THIS WEEK:

Here's what we heard this week on Side Hustle School! Listen to this week's recap for a more comprehensive highlight reel.

  • Ep. 940 - A couple’s love for helping students succeed turns into a profitable consulting firm
  • Ep. 941 - A science and technology consultant becomes a successful sports, motorsports, and luxury lifestyle artist
  • Ep. 942 - When two identical twins start self-publishing ebooks, they build an $8,000/month income stream while traveling to twelve countries
  • Ep. 943 - After creating an unforgettable scavenger hunt for an anonymous Redditor, an account manager stumbles across his own buried treasure
  • Ep. 944 - A Toronto startup employee (and powerlifter!) ices her way into a sweet, profitable side hustle that bakes up an extra $600 per month
  • Ep. 945 - Long before Upwork and Fiverr, this marketer knew that outsourcing was the way to go—and he went all the way to the Philippines to make it happen
Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

We want to hear from you!

The best part of Side Hustle School is our community, and around 20% of our episodes come from listeners. Are you working on something and want to share it with us and our audience? If so, we want to hear from you!

Head on over to our online submission page, and we'll be in touch if your story is chosen.

And if you're still working on something but have some questions, we want to hear from you too! Most Weekly Recap episodes include Listener Q&A.

Call the Side Hustle Hotline at 844-9-HUSTLE (844-948-7853), record your question and send it to podcast@sidehustleschool.com, or just send us an email!

Here's what's coming up next...

Each week I'll feature more stories from people who are starting side hustles without quitting their job. Here's a sneak peek of what's coming next week:

  • Fed up with a lack of vegan options in New Jersey, two women help plant-based food festivals take root in the Garden State
  • A graphic designer falls in love with scotch—building an international whisky brand with money she’d originally saved for couples counseling
  • And much more!

Do you have a side hustle story you'd like to share? Fill out the Side Hustle School submission form and your story may be featured on the show!

Also, if you're interested in joining the Side Hustle Society, visit our Society page to get notified when it goes live!

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Quote of the Day
"Make a list of your top 25 goals, then identify which 5 are the most important to you. Everything else is the “avoid at all costs” list. Give no attention to that list until you’ve achieved the top 5.​"
—#SideHustleSchool

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To infinity and beyond,

Chris Guillebeau