How Did That B*tch Get Rich?

The big question on my mind.  On everybody’s mind, really.

As I start to make my transition to my 30s, the money question seems to be everywhere.  We’re all so proud of the 401ks we started and the money moves we’ve made.  It’s all so nice to flash cash on Instagram and Snapchat.  Just like how (in our early 20s)  we used to show off how many times we went out in a week or all the people we knew, now the trend is to show off how we’ve got it like that.

I was meeting a girlfriend for lunch last Saturday and as we strolled around Chelsea we chatted about all the good things we were doing for ourselves.  Allie was a teacher and after years of partying and living with her parents was tired of being broke.  So she was taking things into her own hands and making moves of her own.  She got a new job that gave her benefits, she had a tutoring job on the side, and planned to work the after school program.  She was ready to make $$$ and I was really happy for her.

I said, “You’ve got to get if for yourself, no one’s going to give it to you.”

She was like, “Absolutely, but sometimes I look at some people and I’m like, how did that Bitch get rich?”  “Like really, of all people.”

I didn’t really know what people or bitches she was talking about but it was a question that I had been determined to answer since before we were really even friends.

I remember being in High School and watching MTVs “My Super Sweet Sixteen” and it was this stupid reality show about rich teenage girls planning their over the top sweet sixteen.  It would literally be 50K and up type parties.  Mini weddings.  At the end they would get a new Mercedes or Ferrari or whatever they wanted and I was like WTH how do people live like this?

My super sweet 16

I became obsessed with understanding how rich people come to be and thats kind of how I got into NYC real estate.  I wanted to understand how do people get rich.  Maybe if I got close to it, I would be able to understand it and create wealth in my own life.

Well, being a NYC rental broker, you get to see the intimate details of someone’s wealth.  You see their tax returns, their employment letters, the professions they chose, the co-signers that they use to get an apartment, the assets in their bank accounts and more!  It blew my mind at first, how much wealth was needed to live in NYC.  It’s literally wealth I still don’t have but understanding it and seeing how wealth exists in our world helped me accept the fact that I’m not wealthy, at least not in the sense that “My Super Sweet Sixteen” portrayed.  Here are the top ways that I noticed people were able to live a wealthy lifestyle.

Generational Wealth

This is the most common way that wealth is accumulated for most people.  I call it, “Getting A Leg Up.”  People who come from generational wealth are already starting at 10.

To be generationally wealthy is a true privilege.  People with generational wealth not only have the resources and assets to seize more opportunities, they are already raised to use money in a way that works for them and are less likely to fall into debt and other problems that would detract from be wealthy.

Example: Jerry is a 3rd generation American.  His grandfather came to the USA and hustled 3 jobs to buy a house and raise his family of 3 children.  One of the 3 children starts a business and it becomes successful.  Meanwhile the house that their grandfather bought is now worth 3X as much due to inflation caused by the booming tech industry.  The grandfather allows one of the other children to take a loan against the home and flip 3 other houses.  Another child is successful.  The last child was able to go to college and build a career to manage to become a middle manager and make a good living.  All three of this grandfathers children were able to make it to middle or upper class. These children have 2 of their own children.  Jerry is one of those grandchildren.  The original siblings help each other out in raising their children by babysitting and offering advice on best school district.  They share resources with each other like baby clothes and books.  Grandfather dies and leaves his fully paid off house, pension, and other assets to all the 6 grandchildren in a trust.  Each child gets $150K each in a trust to use when they turn 25.  Each child has the means to go to college, two of them specialize in a profession like medicine or law, two others start a new business with their trust, and the remaining 2 go into the family business.  Jerry is 30 years old, has an Ivy League degree, $150K in a trust and is a partner at his family’s company.  That is what generational wealth looks like. 

Beauty

They say beauty is in the eye of the beholder.  And while that’s true, there is a variety of beauty in this world.   But we must admit that conventional beauty has so much power in our society. To be beautiful is to have doors literally opened for us.  Now this section isn’t just about women being beautiful.  Men can be beautiful too.  Just yesterday my 20 year old intern with stunning blue eyes and a linebacker’s build was telling me how the girls at Chipotle gave him free Chipotle.  And that won’t be the last freebie or leg up he gets for being extraordinarily handsome. I swear he looks like this actor:

Regardless, doors will open for him because beauty is attractive.  And people are drawn to what is attractive.  But this won’t necessary result in wealth.  Unlike generational wealth, people won’t hand you money just for being beautiful.  Often, beautiful people have to leverage their youth and beauty for opportunities for wealth.  I once had these model clients.  They were REAL models.  The types that walk runways for Gucci and Balmain.  They made well over six figures just in the US for their beauty.  One girl showed 200K from her contract with IMG Modeling. These girls also worked for other modeling agencies in Europe.  But wealth is real for these beauties. Once their modeling days are behind them, they could easily marry well to do men in finance who want a wife with good genes and beautiful skin to match. I don’t think many women have that kind of opportunity just handed to them.

The good thing is that the genetic lottery isn’t the only way to cash in on beauty.  With youth comes natural beauty.  Men and women are realizing this and capitalizing on their youth, building online businesses and brands for their youtube channels and Instagram accounts. From ages 16-35 women are at the peak of their beauty/youth.  For men that time frame is 20-40.  Just imagine how big of a business you can build in 20 years.  You can build an empire.  I could go on and on about how pretty privilege is a thing but I think I’ll save that for another post.  The good thing is that beauty and youth can truly be the stepping stone to success for those willing to step out of their shell and grab it.

Hustle

Some people are more hustlers.  I think I fall into that category over beauty.  I’m sure my youth has helped me a lot in gaining opportunities and getting my foot in the door.  But I’m not THAT pretty.  More like a girl next door type of look to me.   So I’ve had to rely more on my hustle and charm.  Hustle and charm are not easy skills to attain.  You need a mix of street-smart, hunger, people skills, charisma and intelligence to really win in this category of wealthy.  A talent or two won’t hurt either.

To be be clear, the definition of [hustle] according to Urban Dictionary is: To have the courage, confidence, self belief, and self-determination to go out there and work it out until you find the opportunities you want in life.

There are a million ways to make money hustling.  I truly believe there’s enough pie for everyone.  Hell, you can all bake your own pies. We live in a world that is rapidly changing with growths in technology and change in culture and opportunity.  Youtube star are making millions, Instagram Influencers are getting paychecks.  You can literally open a new store on Etsy and sell those handmade bracelets you always get compliments for or those handmade soaps.  You can become a motivational speaker.  Or you can be like me and do real estate and work your way up. Or start in any industry and work your way up.

This, to me, is the backbone for all wealth. There had to be someone to get the moneyball rolling whether it’s you or your grandfather. There really isn’t much substitute for grit, perseverance and grind when it comes to breaking socioeconomic barriers.

Smarts

Being book smart is important and if all else fails, you can’t go wrong with book-smart. It’s the type of hustle your parents always pushed for. “Education is everything,” my father said, “No one will ever be able to take your education away from you.”

And that’s true, I just wasn’t prepared to face the level of intellectual competition that I would face in that one year of law school.

My sister was, though. She finished her studies to become a doctor. After watching her go through 4 years of premed, 4 years of med school, 2 years of residency, another two years of fellowship and enough testing and studying to make your eyes bleed, I’m not sure I would say that I envy her life now. She truly earned it and now makes 250K a year working 32 hours a week. 32 hours a week!

Being smart is not just reading books and stating facts. It’s competing with all the other smart and intelligent people to be the best. I never felt more insecure of my own intelligence that I did during that one year of law school.

Think about beauty pageants that line women up according to their beauty and grace. Intellectual pursuits is kinda like that except with your brain and how smart you are.

No thanks, wasn’t for me.

Summary

I think the bulk of what I’m trying to get at is that obtaining wealth for a majority of people is not easy. But it’s not unattainable. And as long as it’s possible for you to get to the next level, you should be striving to make that happen. I’ve been broke and now I’m comfortable; I wouldn’t say wealthy but I anticipate maybe 10 years from that. Being broke sucks, staying broke is tougher. A lot of people don’t realize they can get up and change their situation. I’m here to tell you, YOU CAN.

I like to call it “bootstrapping it.” And IMO gaining wealth from your own hard work and grit is more satisfying than having it handed to you. Most of us reading this are not from generational wealth, it’s up to us to make our own wealth. It’s going to be a lot of trial and error, a lot of failure, but all you need is that one moment. All you need is one big win and all that failure will be erased.

I wish you all the best of luck on your journey for progress and wealth. Please share like and follow if you liked this post. I follow back!

Flashpass to Retirement: FiRE and LeanFiRe Strategies

“If only I didn’t have to go back to work.” I think this WAYY to often, especially on my Sundays before I have to clock back in for my work week.

My friends say, “Alex, I think it’s time for a new job. You’re burnt out. There’s another company that can be the right fit for you.”

But I think it’s much more than that. I think I just don’t like work. I don’t like feeling obligated to go and be somewhere at a certain time.  I don’t like commuting. I don’t like being on teams I didn’t choose for myself. I don’t like not being able to spend my time as I choose. And at the bottom of all those things I don’t like is the basis for a job. In college, I didn’t like not having money either so I went into the world and made a career for myself.

Sometimes I have to remind myself to grow up.  Like, having a job is just part of life. An absolute majority of our society NEEDS to work in order to put food on the table or clothes on their back. But then I started to wonder about an alternative. What if, I didn’t have to work? What would it take to live like that? Is it possible for me?

That’s when I came across FiRe or Financial Independence and Retire Early. I’ve been following Personal Finance on Reddit for a while and stumbled across the subreddit. It’s not just people retiring early at 50 instead of 63. It’s people retiring earlier and young at 35 and 40! I honestly can’t look through this subreddit without feeling a tinge of jealousy. I really want to be those people.  I want to know how to retire early. I also want to know how much I need to retire early.

The concept of FiRe goes beyond Personal Finance-which discusses getting out of debt, buying a house and paying for college.  As well as other difficult financial choices that neither high school or college ever prepared us for. FiRe is just specifically about retiring early and what it will take to get there and the kind of sacrifices you need to be willing to make.

Looking through the subreddit, I can’t help but feel…what’s the word for it? Ah yes, INADEQUATE. I feel inadequate because here are these 19 year old kids that are planning their hustle for the next 10-15 years to be totally independent off a job! At 19, I was buying Frappachino this and coach shoes that.  I was twiddling away my hard earned money because, at the time, I didn’t consider my minimum wage slave money to be……real money.  It was just money I was earning before I had a career; before I made a real salary.  Talk about regret over missed opportunity. Regardless, now that I’m aware this is possible maybe there’s time for me to turn things around.  I’m making 3-4X what I was making on minimum wage, so hopefully I didn’t miss too much of an opportunity.

Personal Finance and FiRe pretty much go hand in hand but FiRe is a long term game. Once you pay all of your debts and start really gaining wealth, FiRe commits to continuing to live a modest lifestyle until you reach your FiRe goal date. For people that are successful at FiRe, this means living at your parents home until you’re 30 or putting a $10K pay increase towards a portfolio option instead of taking a much needed vacation. It means couponing; living on a cash basis and giving up the convenience of the credit card.  It sounds so simple, “Just don’t spend money? I hate spending money, I only spend money when I need to!” But DO you? Do you REALLY??  Credit cards/subscriptions, Venmo are super convenient. For credit cards, any points you earn on the card are already spent on the overspending you did due to the “convenience.”  And we all like convenience. Retiring early means less convenience and less money spent on pleasures that we usually indulge in as a reward for hard work.

It takes an incredible amount of self control to retire early. Year after year, you’ll need to make sacrifices in your own indulgence, spending habits and choices. Vacation to Miami with friends? Nix that. Those really nice designer shoes? Nope. Weekly happy hour bar tabs with coworkers?  Um, no. Forget about the new car lease and living without roommates.  What you’re sacrificing in quality of life now, you’re planning to get back later when you’re able to retire 15-20 years early.

You’ll also need to be somewhat knowledgeable on tax laws. Should I invest in a 401K or IRA or both? What should I do after I max on my contributions? I’m about to surpass my income tax bracket, what can I do to minimize this years taxes? These are decisions you can’t just leave to the wind when planning an early retirement. Because year after year the wrong decision will cost you.

Once you start saving all this additional money, how do you optimize it to allow an early retirement? Well that’s entirely up to you. Some people invest in individual stocks, mutual funds or rental properties, or a mix of diversified options. The choice is yours depending on the skill set you have. Some people like to park their money and not think about it again until they need it, some like to be more involved in the trades, others like the idea of home equity. Some enjoy high risk, others low risk. To make FiRe truly effective you’ll need to take some risk to optimize your hard earned money.

Now let’s talk Lean FiRe. What is that? How could FiRe get any leaner, you’re already cutting out the pleasures of life! Oh it can get leaner.  Way leaner. Some of you may have read this article rolling your eyes, like “I don’t make that kind of money, Alex. I’m not overspending and there’s nowhere to cut.” Lean FiRe is early retirement for those who make an average or below average earnings. I swear, the Lean FiRe Reddit is no joke! They will make feel shame for your current lack of retirement plans. These are people making 40K -70k a year (or less!), and killing it with their retirement goals.

How do they do it? Incredible sacrifice and resourcefulness. These are people who really hate their job and are like, “Oh hell no! I can’t be doing this forever!”

I read about this one guy that ditched his car even though it was a 40 minute bike ride each way. Luckily he lived in a place where the weather was nice nearly all year round. He was saving money off of the weather! Other people are gardening and living off the literal fruits of their labor and land, thus cutting down food costs.

Then there are the people who are extreme in their housing solutions. One guy was homeless for a year! You heard that, homeless! Like, living in his car and showering at the gym while going to work every day and pretending he had a home. The moral of that story is that he really saved a lot at the time since housing is probably our largest expense. A lot of Lean FiRe people take to frugality and minimalistic living. There was one couple that bought a Tiny Home and lived in a trailer park. Their Tiny Home cost 15k and they bought it outright, then parked their home for a couple hundred dollars a month at a trailer park. They really didn’t need to earn so much money after that.

Theres also strategy to increase their income and put that money aside for retirement purposes only. These people were resourceful with their talents and skills.  They started blogging, and you-tubing to earn some extra cash. It’s a slow income stream but it’s cheap and easy to get into. Some opened etsy shops, making homemade soaps, balms, greeting cards, ornaments and whatnot. Some just did the good old fashioned way of getting a second job and driving Uber on the side.

Those Reddit subreddits really put me to shame. When I hear real life stories like that, I wonder WHY CAN’T I BE LIKE THAT?

Because I don’t want it enough. I’m not willing to sacrifice my daily pleasures or I do, and then I can’t stick with it long term. But practice makes perfect, and I’ll keep at it until I’m finally willing to make the sacrifice long term. In the meantime, I’m going to keep reading the inspirational stories FiRe and LeanFiRe have to share with me. Because with a little inspiration, who knows, maybe I’ll be able to retire early too.

Feel free to like, share and follow this post if you found it interesting.

Check out my other similar posts:

Why I Budget and How to Budget: Personal Finance In A Nutshell

and

Motivational Book Club: The Total Money Makeover by Dave Ramsey

 

Why Make A Blog: It Helps With Coping With Work

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Things have certainly changed a lot since I wrote my first post “My Job Is Killing Me.” I wrote that post and, subsequently, my blog because I was so sick of my work environment. Honestly, I’m still sick of it.  I’m feeling worn out from work and tired.  The one thing I can say is that I know I’m better suited for entrepreneurial pursuits.  Employment feels too much like modern slavery. Why make a blog? Where’s my time? Well, let’s just say it’s my way of coping with work.

I reached my breaking point and began to ask myself: can I really make a change in career? I really thought it over. My two talents that I have that are worth any salt are: real estate sales and writing.  I’m think I’m over real estate; the whole showing apartments in the city and renting homes is getting old. But can I really make a career out of writing?

I started my blog as a way to cope with work stress. I was also frustrated with not finding any solid advice on the internet. You can google, “Coping at Work,” and “Job Is Killing Me” and you find these BS answers to reducing stress. Like basically, suck it up and deal articles. Nobody really wants to say, “Hey! There’s something wrong with a work culture that forces you to be constantly connected, places unreasonable demands and gives you no job security.”  Specificially, American work culture is toxic with no means to negotiate work conditions, pitting employees against each other and manipulation.

I went into the workforce with a lot of hope and promises to myself that I would find purpose and happiness in my work. I envisioned work to have meaning, to make sense and to be a part of a team environment. Boy was I wrong. Maybe that’s not what I’ll find in a corporate environment but maybe I can coach people to find their way.  And even though that dream hasn’t happened for me yet, I’m determined to reach that goal of happiness and peace at work and not settle.  I mean, work takes up 40-50% of your “awake” time a year. That’s a lot of time devoted to one specific endeavor. And when I think of it that way, it’s like, you better make it count otherwise you need something to help with coping at work.

There are a lot of problems with my job. Mostly it’s caused by the bureaucracy and celebration of mediocrity. They literally hire people because they’re just sick of the whole hiring process and need to fill a role.  Rather then promote within and promote loyalty and hard work, they would rather hire outside and negotiate a lower pay rate. It stresses me out so much to think of how unfair it is, writing is my way of coping with work.

Since I’ve started my blog, we’ve lost a manager, two receptionists, two other managers in different departments, a director and two of the office staff. Like, 80% of our teams are gone! Due mainly to overwork and being overlooked for a raise or promotion. It’s horrible. Yet the organizational machine chugs on and continues to make a profit.

After my manager left, I confirmed she was cheating me out of my earnings for the past year. I also confirmed she was talking sh*t about me to upper Management.  She was a toxic manager.  That was pretty messed up considering she would tell me, “Don’t worry I’ve got your back.” I guess that teaches you to never take someone’s word for it and only look at their actions.  I learned that I needed to stand up for myself more in the workplace and not be afraid to rock the boat, even if it means there’s a period of discomfort.

I held the office together during her departure by working 6 days a week. My director was on site to help with the transition but she was a HOT MESS. Literally, barely getting by on her job and delegating her work to other people who are more knowledgeable and beneath her. She made sure she was getting her hourly lunch and leaving on time. She did NOT invest any time in helping me in the interim or doing more than her job required. I personally would not recommend working 60-70 hours a week like I was. And if I had to do it over, I wouldn’t have done the company a SOLID like that and worked myself to death. It was nice that I made some extra commissions, but still…no raise. And the recognition I got was pretty forced. “I can tell you put a lot of care in your work, and most importantly, it shows in your results.”

But I did learn a lot from her, her attitude about works was, “It’s only work.” She wasn’t going out of her way to make sure I was OK, she didn’t care that I was overdoing it. She actually encouraged me to take 2 hour breaks with her!!! I realized I needed to take a leaf out of her book and take a step back from work. Hard worker or slacker, you don’t get paid more for doing extra. Doing more, only causes burnout and anxiety, I need to care less about my job.

Now I’m in the middle of training our new staff, including our receptionist, intern and manager. It just feels so strange. I’m like the fake manager. I hired my receptionists and our intern. I’m training everyone, telling everyone what to do, overseeing all the work. But I’m not paid more and I’m not getting a better title. I posted on Reddit about this and they said that my career there is just going to stagnate and I should be looking for other work. I have put myself out there for other positions but I’m in such a niche industry right now. And the job offers I’m getting are not cutting it, in terms of benefits and pay.

Right now my solution is to keep building a side hustle (this blog) and try not to over invest in my job. It’s literally a circus like any other corporate machine.  It’s just hard to stay positive when you’re not recognized at work. They “promised” me a bonus and I decided that I would stay until the end of the year and see what happened. If things don’t progress, I can jump ship then.

For those of you who are in the same boat as me, stick with it until your next opportunity arises. Keep your head up and keep applying for better work. Start a new business idea! Make plans to back to school and grow professionally. But don’t give up! Things can be crap, people might treat you shitty but that’s just the path you’ll need to take before you’re next opportunity opens up for you! Trust the process and get going!  That’s the best way to cope with burnout and get back in the game.

I want to thank you all for following my progress and following where I’ve been. This blog has been a godsend and has helped me with coping with work.

Please follow, share, like and subscribe!  Check out these other posts

What To Do When You Dislike Your Job

The Power To Change And Have Good Thoughts

5 Amazing Types Of Freelance Work & Find Corporate Freedom

Build A Better Resume & Find A New Job

Build A Better Resume & Find A New Job
Build A Better Resume & Find A New Job

Want A Better Resume? Need Interview Tips To Find A New Job?

I’m currently offering resume review services to help people build a better resume but thought I would share some insights on what has helped me land interviews and land jobs for myself and my friends/family.  These tips are how I get my resume noticed and am able to find a new job.

This post is for people who have sent out resumes and:

  1. Have not gotten even a single response back,
  2. Have not updated their resume recently,
  3. Don’t know how to improve their resumes, and/or
  4. Want a job and don’t know where to start.

Ideally you’ll be well connected and able to to find a job through a friend or family who can recommend you for a position you really want, and win the opportunity.  But if you’re like 90% of the rest of us, then you are not well connected and have no clue how to get your first job. You’ll draft up a resume and send it out in a quick email.

Here are some ways to be successful and increase your chances of an interview.

A) Tailor Your Resume:

You might be applying for any job or a very niche job in your field. The biggest mistake I see is people do is not tailoring their resumes. They just slap all their experience together like, “Look how much I’ve done with my life. Hire me!” Nope, does not work like that. A recruiter or hiring manager might get hundreds of applications and spend 10-30 seconds reviewing applications for a specific job. The less specific your resume is to the position, the longer it will take a hiring manager to discern if your experience fits the role, making it more likely that they will cast your resume to the side.

You should be editing your resume for every single job you apply for. Yes, this is annoying and probably a very time consuming part of the search, but it works.  But this is how you make your resume stand out.

Ex: You previously had experience in retail, ringing up customers and meeting sales goals, keeping an area clean, and answering questions. Now you want to bar-tend and you just took a course in bar-tending. Your resume is tailored to retail, since that’s your previous experience. It would be a mistake to send it out to restaurants as is, because at first glance the hiring managers is going to be like, “this persons experience has nothing to do with the job.” They’re going to think about all the training they’ll need to invest in you, something they DON’T want to do. Rather, you should tailor your resume to show you graduated bar-tending school recently, education should be at the very top as most relevant and the work experience will be specific on what is transferable to bar tending. You’ll focus tailoring your retail experience to show you have customer service skills and sale skills to upsell drinks.

A resume for that purpose might look like this:

Resume 1

B) Keep It Simple

You want to keep your resume as digestible as possible. So that anyone scanning for specific information can find it. Resumes should be no longer than 1 page. You can adjust margins, text size and spacing but 1 page is enough to show your skills.

If you have limited work experience, add in any volunteer work that may be relevant

If you have a lot of experience in a specific area, you’ll want your experience to include ONLY what is both recent and relevant. You’ll want to include maybe 3-4 jobs you’ve had but be very detailed in the responsibilities you’ve had and tailor that to the job you are applying to.

Resumes don’t need to include ALL experience, just relevant experience.  You want your resume to be effective in showcasing your strengths.

If you’ve only worked at 1 company for a majority of your career you might want to break up your resume first by the company you worked for and then by the different roles you may have had in the company.

Resume 2

C) Write A Cover Letter In The Email Of The Job Post Response

This is essential. Too many people skip this step. They send out a generic “Hello, I’m interested in position X and am available X days. Please contact me via email or phone to schedule a visit.”

A message like that pretty much says you put zero to no thought into a message and are just hoping to land a job through mass mailing.  You need your the email message to get you the job and hired.

The body of the email is your opportunity! It’s the first thing a recruiter is going to read. It’s a great way to discuss your passion for the work you do or explain a gap in employment. It can captivate, inspire and get that recruiter to open up the attachment. Then your perfectly tailored resume is going to tell the story of why you should be hired.  Recruiters look at your resume for an average of 6 seconds, you need a better resume that gets you hired.

FYI- Never paste your resume in the body of the email. I’ve seen this before and it’s done to get recruiters to look at the resume right away. However it looks ugly, disorganized and is hard to share with other people if there are other decision makers. Don’t do it.

Hopefully you find this post useful in your job search.  Let me know your feedback and feel free to like, share and follow!

View my other posts:

How To Stay Motivated And Keep Your Goals

How To Get Ahead At Work Without Brown Nosing

What To Do When You Dislike Your Job

 

5 Amazing Types Of Freelance Work & Find Corporate Freedom

Different Types Of Freedom Work. Freedom From Corporate Culture
Different Types Of Freedom Work. Freedom From Corporate Culture

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There Are So Many Types Of Freelance Work That Will Give You Corporate Freedom

I chose to be a corporate cog. I have a husband and daughter and we need insurance and a steady paycheck….for now. But I still try to find ways to make money on the side and earn extra income. So I started looking into different types of freelance work because I wanted to find a life away from the office politics and find corporate freedom.

One thing we can all accept is that we all have to make a living but some of us choose to make money on our terms and determine how we want to spend our time. They say time is money so let’s discuss the different options out there to build an alternative career that’s both fulfilling and great for time management.

1)Blogging:

I’m a natural writer. But blogging is a long term game like any other business you start. You have to keep at it and write amazing content, work your SEO keywords, market through social media and (Gasp) even pay marketing/business costs. I think for the people who’ve made blogging a livable career, they’ve made a commitment to make it work and done whatever it takes to get there. The best part about it is that there are unlimited possibilities about what you can write about.  It’s pretty much the easiest way to make money from home, all you need is a computer and internet. It’s a great way to connect with people who have similar interests and motivations. If you’re serious about blogging, I would give it 2-3 years before you’re able to see livable-wage worthy income. It’s definitely something that can be a side hustle before you’re ready to make it your only income. Still, it 100% depends on you and how much time, money and effort you can invest.  It’s a real online job to be a blogger

2)Gigs

The gig economy is bigger than ever. People are stepping away from corporate life and enjoying being a free agent, representing themselves and their interests in the job market. Websites like UpWork and Fiverr have made it easier for people looking for work alternatives to build their own brand and client base. Of course, most businesses like this won’t come easy but people have stuck through it and have built incredible business models. I just saw an Ad on Facebook for a Harvard Grad on Fiverr that acts like a professional guidance counselor.  He offers writing, revising and editing your resume or LinkedIN account. Based on the comments and his ratings and reviews on Fiverr it seemed like he was making A LOT of money from there and was building a unique business. Some people were questioning, “Oh, if he’s a Harvard Grad, why is he freelancing?” Well, Mrs Debbie Downer, maybe it’s because freelancing can be awesome if you’re making a lot of money from it, have a great work/life balance and living with freedom from corporate red tape.

3)Temp Work

I have my qualms about temp agencies but it can be a great way to just fill in the gaps in income. Depending on the agency and your specialty you can work project to project or day to day. The company I work for uses temp agencies exclusively for our receptionist and admin positions. Even though the business relationship is, well, “temporary” that’s something that can go both ways. You don’t have to stay or even give notice if you have a better opportunity come your way.

4) Trade work or apprenticeship

There are sooooo many great jobs out there. And they are not all white collar jobs. I once knew a guy who worked for as an HVAC Technician. He worked with his hands on refrigerators and air conditioner systems. You know, fixing them and installing them for businesses. He had his truck and would work only like 40 hours a week. He was protected through a union and made $35 dollars an hour plus overtime! I’ve also seen electricians make $100k a year. And guess what, these blue collar jobs are in high demand mainly because a majority of our population decided they wanted to go to college and pursue white collar jobs. So now he can move from company to company looking for a new job, negotiate his earnings or work conditions because he’s a hot commodity worker!

5)Creative/Social media work

Social media has created such an incredible industry. Thousands of people are making money online with social media. What used to be a way to just connect with people is now a major business model as “Influencers” and “Bloggers” make their money selling their social media posts to sponsors as advertisements. Now having 10K or 50K worth of friends or followers can mean some major dollars. It doesn’t even have to be from an aesthetic standpoint of being an instagram model or twitter/YouTube celebrity. There are artists, scientists, dancers DIYers, etc. sharing their passions and building sponsorships and making great income.

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For these different types of freelance work, the key is to start early and just stick with it. If you want freedom from corporate culture, like any individual trying to build their own business, consistency is KING! I wouldn’t expect blogging or social media work to pay out initially but long term, the sky is literally the limit. There are bloggers and Influencers making $100k a month! And you don’t have to jump feet first, you can make any of these options a side hustle or part time work until you’re comfortable going all in.

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