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My Personal Masters in Lifestyle Business Program

Recently I came up with a crazy idea, or maybe not so crazy idea, to create my own “personal” masters program in Lifestyle Business. Yep, I’m going to have a Masters in Lifestyle Business. Read on to see how I pulled this out of my ass…

During the last couple of months I’ve been going through the process to start a Masters in Information Security and Assurance. There are a few reasons I thought this would be a good idea. One, I’m in IT and I’ve been working towards a career in Information Security. Two, it would be working on my continuous improvement in my skills and education. Three, the company I work for would essentially pay for all of it.

Why wouldn’t someone jump all over this? The only thing that I could potentially lose is the time commitment.

Why indeed…  After a couple of hurdles in getting all of the financial aid paperwork squared away, paired with the coincidence that I just finished reading a book on building a lifestyle business, “Click Millionaires: Work Less, Live More with an Internet Business You Love,” by Scott Fox, I started asking myself a few questions.

  1. Am I afraid to take the masters program and just looking for a way out?
  2. What is one of my most important goals in my life? Is the Masters in Information Security and Assurance going to help me achieve that goal?
  3. What if I spent the amount of time I would devote to studying for a Masters in Information Security and Assurance into my very own “unaccredited” or  “personal” Masters in Lifestyle Business?

Let’s look at the first question. Yes, I’m not sure what the masters program will be like. Will it be difficult? Can I do it? My answers to this fall with the point I made above. All I really have to lose is the time commitment. If I find that a class is just way over my head, I’ll know this fairly early into the class and I can drop it without having to pay for it. That would be another consideration; if I don’t pass a class my company will not pay for it. I really don’t think the first question is keeping me from moving forward with the “official” masters program.

Moving on to the second question. One of most important goals in my life is to be able to work from home, either by having a job that allows me to do this, or having my own business. This has been a goal of mine since my late teens and early twenties. Can the “official” masters help me achieve this goal? Maybe. My company does let people work from home, but will this seal the deal for me. I’m hesitant to believe this is a slam dunk. Also, I’d really like to get to the point where I’m not working for “the man,” and have more freedom in my career. Again, the official masters could lead to that, but I just don’t know if it is really the path I should be taking to achieve one of my most important lifetime goals.

Now, I’d like you to think about the third question with me. I pulled this out of my ass, and I think my friends and family may think I’m off my rocker just a little bit; maybe even a lot. Of course they don’t say that directly to me, but I sure as heck wouldn’t be surprised if they felt this way. I don’t blame them or hold it against them. I kind of wonder this myself. I very well could be off my rocker. I’m secure in my off-my-rockerness!

What if I spent the amount of time I would have to commit to for an “official” Masters in Information Security and Assurance, and I put that into my own personal “masters program” in Lifestyle Business?

The recommended number of hours they say you will need to commit in order to be successful in the masters program is 15 to 20 hours per week. I don’t know about you, but I think putting in 15 to 20 hours per week towards my own Masters in Lifestyle Business would eventually lead to SUCCESS. The whole point of a “Lifestyle Business” is to do what you love, while not working yourself into the ground. You want to be able to work when you want, how much you want, and actually earn a decent living at it. This includes not having to work 40 or more hours a week, 50 weeks out of the year in order to just get by.  Many people who have created a lifestyle business work much less than 40 hours a week, take a whole lot more time off for vacations than a measly 2 weeks a year, and are doing much better than just getting by. It can be done.

So what is the Game Plan?

  1.  Start putting in 15 to 20 hours a week in learning how to create my Lifestyle Business.
  2. Find the resources I’m going to use in my Masters Program.
  • Get a membership to Safari Books – $19.99 per month for the 6 months, and then $27.00 per month after that.
  • Join lynda.com – Basic is $25 per month or $250 per Year. Premium is $37.50 per month or $375 per year.
  • Get an Audible Account.
  • Go to Udemy and take courses there.
  1. Create a schedule. Make it a point to study every single day. Using the idea of 10,000 hours that Malcolm Gladwell states in his book, Outliers: The Story of Success, work towards mastery by whittling away at your 10,000 hours.
  2. Create a table or chart to monitor the hours you put in. Research has shown that the simple process of monitoring a goal helps you stay on task to achieve the goal. See an example of the chart below!

Masters in Lifestlye Business

Goal Monitoring Table

Table to Monitor Your Goal

 

 Feel free to leave comments.

  • Do you think I’m off my Rocker?
  • Should I stick with the “safe” route and keep working for “THE MAN”?
  • Could you use this approach for one of your lifetime goals?

 

 


One Comment

Masters in Lifestyle Business - 2nd Month Update | Continuously Improving You  on September 24th, 2014

[…] July 2nd, 2014 I wrote a blog post titled “My Personal Masters in Lifestyle Business Program” where I share this crazy idea I had to go out and learn what it takes to start and succeed […]

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