You might be familiar with the concept of the new economy, or gig economy. This is the idea that we have moved from manufacturing into a service-based economy. Often times it is labeled as Airbnb or Uber economy.
People are now finding different paths to generate income to either supplement or replace their 9-5 or office jobs.
This concept has always interested me. Even though I’m a teacher, I try to find other ways to make extra cash. It all began as a way to pay off our $36,000+ in debt. Recently, It has become an even more attractive idea.
The desire to work for yourself, the daily grind, the dependency on you and you alone, the not HAVING to do something, but NEEDING to do it because your business depends on it…the freedom…oh sweet freedom. These are just a few of the many reasons why it sounds so appealing to me.
What are you doing in the meantime?
It’s easy to jump ship and begin working full time for yourself. I have heard and know people that take this route. That’s great, personally, my risk level is really low. I like having a plan and results before making any decisions.
However, this doesn’t mean that you can’t be exercising your passion or working in your business while also working your regular day job.
DreamerMoney.com is part of my side hustle. I am also trying to create my own marketing business and help small business owners with content and social media. All this while being a full-time teacher.
Check out the Make Money Marketing course created by Bobby from MillennialMoneyMan.com. This is an affiliate link, which means I receive a small commission if you click on it, but you won’t pay any more than the actual cost. I took this course in two days and this is how I plan to launch my small business and hopefully transition from teaching. I think you will enjoy it if this is something you have been thinking about!
Like I said before, I like to get the ship close enough to the harbor before making the jump. This might mean getting a job in your field of interest while still running your own business. This is what I will most likely do unless I see results before making the full transition away from teaching.
Kevin from FinancialPanther.com has a great article about how he made over $14,000 being part of the sharing economy. With the new economy, there are so many opportunities for people to make money and schedule their own work time.With the new economy, there are so many opportunities for people to make money and schedule their own work time Click To Tweet
Wanting to ditch the 9-5 does not mean you get to stop learning. It might even come with more work, but at least you are in control of how much you hustle. In a regular job, you might be the hardest worker, but it is likely that the person who is sitting next to you doesn’t work as hard. Yet they still make the same amount of money as you.
Am I speaking from experience? No, I still have a full-time job, so this is as much of a thinking aloud moment as it is putting into writing what I am hoping for myself. I do want to look back to this post and actually say I did it. Perhaps your next move is to put your hopes and goals into writing, share it with whoever reads it and make yourself do it!
Episode 059 of the ChooseFI podcast triggered this post. It is a topic I had been contemplating for a while now. In this episode, their guest Vincent Pugliese talks about freelancing your way to freedom after quitting his job and starting his own photography business.
I was truly inspired by his story and going from being deeply in debt to building a business from the ground up. There are so many knowledge nuggets in there, and even though I would not follow the same path as Vincent, it has challenged me to rethink my job transitioning strategy.
On a perhaps completely separate note I have been binge watching Noisey films. This company, an affiliate of Vice news puts out short clips and documentaries of up and coming rappers who are trying to get their music out for people to hear.
Sounds kind of crazy, but let me explain because I do think there is something to be learned from these guys.
The hip-hop industry has long been held by large production companies and music labels. Yet, many rappers are finding themselves unable to pay back the money these large industries loan to them when one of them gets a record deal. Therefore, rap artists have taken it upon themselves to create their own record labels or go independent.
They work for themselves, profits don’t have to be shared with these large companies, and they rely heavily on marketing this music through sites like youtube or Soundcloud. However, this requires them to put out content on a consistent level. Since many of them can’t afford studio time in a fancy recording studio, they end up creating their own.
That being said, I couldn’t help myself to somehow tie this into self-employment. No, I’m nowhere close to wanting to be a rapper. The inspiration is there none the less.
Do what makes you happy
And I am very happy, but I also feel like I’m settling, I’m comfortable. I do not want to be comfortable. I want to be challenged.
Personally, I don’t want to look back at my life and think that I did something for 20, 30,40 years simply because it was cozy and comfortable.
I won’t lie, sometimes it is about the money. However, it’s also about the service. When you control more time you can optimize that time to serve more without having to clock in and out.
You make the rules. The victories and failures are yours. Although that might scare some, it’s where others thrive.