Unless you grew up in a family with a generation of entrepreneurs, you were given the same advice as I did...
“Go to school and get a good job…” That’s where I learned about the so called American Dream.
I graduated with my bachelors in 1997, Masters in General Management in 2008, and Masters in Project Management in 2011. All with the goal acquiring the knowledge to climb the corporate ladder.
During the financial crisis of 2008–2009 I learned pretty quickly what lack of job security felt like. I was laid off right before receiving my bonus.
“To me, the American Dream is being able to follow your own personal calling. To be able to do what you want to do is incredible freedom.”
—Maya Lin, architect
I had a car payment, mortgage, student loan debt, and bills which left me wondering what did I do wrong.
I’m sure you likely had a similar experience and felt the same way.
My dad worked on the railroad for 37 years, never once thought about taking another job.
Here I was, living in Charlotte, NC… bouncing around from one job to the next in search of the American Dream.
To me and many others the America Dream is dead. The numbers below supports that:
1. A child’s chance of earning more than his or her parents has plummeted from 90 to 50 percent.
2. Earnings by the top 1 percent of Americans nearly tripled, while middle-class wages have been basically frozen for four decades, adjusting for inflation.
3. Based on the most recent trends, it is estimated by 2023 about 40% of student loan borrowers may default on their student loans, amounting to about $560 billion in unpaid debt.
In 2016, I came across a guy who always popped up on my YouTube ads Tai Lopez. It’s very likely you’ve seen him. He would appear in his garage with a bookshelf full of books wall to wall along with his fancy cars.
He talked about how to make money from home and become financially independent.
This sparked my interest to so I looked further into it.
The advancement of technology has made it easy for ordinary people looking to make more money easier.
The days of depending on your primary job as your sole source of income is over. The gig economy has made is simple for a person to work their 9-to-5 job then earn income doing something they love without the hassle of creating a business.
Companies like Uber, Fiverr, Lyft, Wag, and many others allows you to sign up, create a profile, and they bring customers to you to earn supplemental income.
A 2017 survey from Prudential found that “gig only” workers earned an average of $36, 500 per year while traditional full-time workers earned $62,700 (combined).
Keeping your full-time job while earning supplemental income through a gig platform of your choice has it’s advantages:
- Eliminate debt
- Down payment on a house
- Savings for retirement
- Pay cash for your next car
Earning supplemental income use to mean taking on a second job, working third shift to make ends meet.
The gig economy is the ultimate side hustle and I love everything about it.
Of course it comes with some negative consequences as well. Time away from free time, family, and other sacrifices.
But if your goal is to revive The American Dream, this is the best way to do it with little overhead and risk.How The Gig Innovation Change My Life
I came across a website called Fiverr, which is a marketplace site for customers to buy services from professionals all around the world.
Things like logos, websites, voice-overs, customized coding, etc. I use this site frequently for my blog and other projects I’m working on.
Then I realized a lot of the services being offered I have the skills and talent to offer myself. I created a profile and something amazing happened.
My first year I made over $2500, then the next year I made over $6000. This led to the excitement of me learning other skills to offer as well.
I now offer services to create logos, landing pages, websites, set up social media platforms for business, and marketing.
I still maintain my full-time job, but also able to work when I want, where I want, and charge what I want with my side hustles.
This has allowed my wife and I to feel more secure with our finances, eliminate debt, feel more confident with our retirement.
While The American Dream may be dead, people around the world have options to make it come true for them personally again.
If they take the steps to make it happen….
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