Then you’re going to love the practical ideas outlined in the contributed post below. There are ways to take back your independence. This post ties in beautifully to my recent post: How to Start a Side Hustle that Rocks 2018.
Living Independently: Alternatives To The Common Career
The permanent, full-time career under an employer is not the only option you have. In fact, as permanent job positions fluctuate, going up and down, many are questioning the reliability of such a career path.
Here, we’re going to look at your alternatives. What are the ways of making your own way when you don’t want to be entirely reliant on an employer?
Sharing those resources
One thing you can always rely on to help you make money is the assets you already have. The most valuable assets a person is likely to own is their car and their home.
If you have a car, you can join the sharing economy through apps like Uber and Lyft.
If you’re fortunate enough to have bought your own home, you can make money renting it out by the hour, whether it’s letting others use your driveway or by providing storage or even office space.
Sharing your knowledge
Do you have industry experience and insights that others could potentially benefit from?
Nowadays, education is no longer confined to the classroom. People are going online to learn all they can and if you have the knowledge, you could be valuable to them.
There are platforms that allow you to create online courses and resources that students can then go on to pay for.
Of course, you need a comprehensive knowledge of whatever you endeavor to teach, but you can also go on to share your knowledge through blogs, eBooks, and more with plenty of opportunities for monetization.
Investment is one of the key pillars of any strong personal financial plan.
But you can make a full-time career out of trading, as well. Learning about markets like Forex and CFDs and getting more detailed information on how to join the market and start using trading platforms can take time. It also takes money, which will mean you need an interim job to help you raise your initial capital.
However, if you’re able to learn your way around it and you keep reinvesting your winnings, investing can become a highly lucrative activity to take on long-term
Adjusting to the gig economy
One of the reasons that many worry about the number of permanent employment options out there is thanks to the gig economy. Business owners are proving more willing to rely on short-term contracts with freelancers as opposed to permanent employees.
The key to working within this gig economy is to ensure that you’re not tied down to one “employer”.
Building a side-incomethrough freelancing is all well and good, but you need to diversify the source of your earnings.
Take on more than one freelance position at a time, for instance, ensuring you have enough hours in the day for both of them. If one falls through, you still have the other to rely on while you find a replacement gig. If there’s one thing worth knowing, it’s that there is always another gig.
There’s no denying that making your own way and making your own career can be risky.
However, in the current market, it’s not unreasonable to see the risk of looking for a permanent position that might not be there in the future. The world of employment is changing, so it might be worth considering changing your strategy, too.
Over to You
Are you ready to take that leap of faith? Escape the rat race and fire your boss so that you can become your own boss?
Or are you already working independently? Are you already an entrepreneur or freelancer?
Or do you already have a side hustle that’s generating some income?
We’d love to hear your story. Please go ahead and join the conversation below.
When I think Side Hustle, I think of something that you can start small, in your spare time that could turn into a real business over the years.
It’s not uncommon for working Moms or stay-at-home Moms to start something on the side that they are truly passionate about and find that it develops into something awesome. Something way bigger than originally planned. A full-on business. An empire.
A side hustle can be just that, something you do in your spare time for some spare cash.
Either way, it all starts with YOU and your passions, your interests, your strengths.
Why start a Side Hustle?
If you’re stuck in a dead-end job, bored out of your mind, you’ll be looking for something that makes your heart sing, something that suits your personality.
Or you may be in the right job right now but you feel you’re running yourself ragged for a boss and you’re looking for something for a bit of flexibility and time freedom.
Or maybe you’ve just got from maternity leave and realised you’d rather be home with your baby. You’re looking for something you can do from home.
Or you’re just plain done with the daily grind and the daily commute.
Or you might be where I was a year ago, you’ve started working on your main hustle but it’s taking longer than you expected to bring in money so you try out a few side jobs for extra cash.
Whatever your reason for starting a side hustle, you’re going to want to choose something you’ll enjoy.
So here’s where I suggest you start. First, find out your Wealth Profile.
Huh? What’s a Wealth Profile?
Glad you asked.
Do You Know Your Wealth Profile?
Roger Hamilton identified 8 Different Wealth Profiles and created the nifty Wealth Dynamics Profiling Test so that you can discover your own personal Wealth Profile.
The test works very similarly to any other Psychometric Profiling Test, except this one is to help you uncover which path to wealth would be best for you.
To put it simply, you’ll learn what type of entrepreneur you are. Once you are armed with this knowledge, you’re going to be able to make money faster because you’ll be working within your own strengths, passions and interests.
Do what you love and the money will follow.
Very briefly, here are the 8 Wealth Profiles.
Creators are best at creating. They love new ideas and starting new projects.
Stars love to shine brightly or promote something or someone.
Supporters are great team leaders.
Dealmakers are matchmakers, often matching investors and opportunities.
Traders know how to strike when the iron is hot. Timing is everything to them.
Accumulators build their wealth by building their asset base.
Lords rule quietly, behind the scenes. Their focus is on money, not people.
Mechanics create systems or franchises that work. Perfectly.
I found most of these Side Hustle ideas in this book and there are so many more.
Over to You
Which side hustles have you tried?
And have you ever started a side hustle and found it turned into your main hustle?
Do let me know if you try any of these. I’d love to know how they’re working out for you.
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