Hola Mustache People... would love any feedback from you more experienced Staches.
Here's the deal: I'm 35/F living in NYC and I teach yoga full time. I also lead trainings and workshops locally/internationally. I also just launched my own online yoga biz last November. The online biz is just starting to break even, but needs a LOT more attention. So I recently quit teaching 4 (out of 13) classes to free up work hours with my business partner to grow the online biz.
With some mustachian budget cuts (no more eating out/buying clothing/taking cabs, reduced cell plan, biking everywhere -seriously I biked over 100 miles this week, left therapy -don't worry shrink said I was ready...), I would have been able to squeak by and break even with my reduced income. BUT THEN my landlord raised my rent $400 to $1500/mo. I would consider moving in with roommates except I use my apartment for my video shoots and also I live right next to a park where I'm doing all my socializing now that I'm not spending $$ out, plus it's kind of imperative for my mental health to live near trees and alone. (This is actually decent rent for a NYC studio apt in a safe neighborhood/)
Anyway, I now need to sub a couple extra yoga classes a week just to break even. But I don't want to just break even! I want to knock out my 45k in student loan debt and bust my ass to be FI within 8-10 years. I will make a little extra money in coming months leading trainings, which I plan to dump straight into my debt (one of them for over 20k is at 6.5%).
My real question is: Should I dial the subbing WAY up? Sub early morning classes, all weekend, make that extra $75/pop to hurl more cash at my debt? Or should I pour my energy into my online biz? Should I try to do both? Teaching lots of classes can be tiring, but I'm so experienced at this point, it's really not so bad. Plus my meditation practice seems to keep me pretty potent throughout the day no matter what.
Other info: I'm single and don't have kids. So aside from wanting to be able to babysit my nieces regularly, I'm pretty free to do what I want.
Would love your sage advice....