Ugh, I'm so annoyed that some people still want to work for a "great Company" and eventually retire. While some may be able to have that life. That is becoming quickly outdated.
Jobs are disappearing very quickly. Because technology is moving forward. Becoming an Entrepreneur now can get you ahead of the game!
We have the best opportunities these days
We have fewer gatekeepers than ever before. We truly can become whatever we want! You can publish a book without a publisher. You can make money on youtube sharing tips, Or even travel. Your life is in your hands!
What is Entrepreneurship?
It's the ability to create, connect systems.
While a job is something that someone else created.
Should I get a college degree?
Even though college costs have risen, The ability to get funding like Pell grants, etc. have become easier. As more and more people have college degrees, The value in them has gone down.
We see a lot of college students Unemployed, Drowning in debt. Or Many of them aren't even working in a career in which they got their degree.
Why Information Smarts Won't help you
Education is geared more towards being information smart!
This doesn't matter anymore. We don't need to be information smart When we have Google in front of us. Things are changing. Our educational system is not keeping up.
This is another reason that college education is dropping in value.
Like James Altucher has said, We are transitioning into an idea Economy.
The Economies
This timeline was taken from the "End of Jobs" book that I reference at the end.
The Agricultural Economy 1300-1700
The Industrial Economy 1700-1900
Banks became the power groups
The Knowledge Economy 1900-2000
The economy didn't have enough knowledge to grow. Banks lost their power, and it went to corporations
Entrepreneurial 2000-
The limit has shifted from Knowledge to Entrepreneurship.
The Entrepreneur Economy
Because of Globalization, We have more competitors, As well as customers.
The Entrepreneur Skill set is more valuable now, And it can be acquired. Jobs are becoming less profitable everyday! And more competitive, As fewer people have an Entrepreneur skill set.
Entrepreneurship is safer than a job!
A lot of people tease me for being self-employed.
I am still learning everyday. But I do occasionally go through "rough times." Which do people like to comment "Wouldn't you rather have a job? It's safer".
They are wrong!
As an Entrepreneur, I am building Systems (businesses) That don't require much hands-on work, As they grow. I can outsource them to employees.
I am also able to create other things, Such as books. That are like assets that generate a regular stream of passive income.
With a job, You are trading your most value resource "Time." For a set amount of cash.
That work you just did, Will make the flat rate amount of whatever your employer pays you. You get nothing more.
My assets continue to generate revenue after weeks, Months, Years.
One book that took me less than 7 hours to write Has generated over 1,000 and it's still making money. It's not even a best seller. Right now I'm at 142 "Per Hour" on that one book.
What sounds safer to you?
With your job, I don't care if your in a union. The business could go under, Or you could get laid off. And you will be left with nothing.
Do you trust yourself, or your company more with YOUR future?
Entrepreneurship Is risky and random
A job is more known. You take less risks at a job. You may work comfortably for years and years and never have an issue.
Everyday as an Entrepreneur I have to make tough decisions that could eventually screw me over.
6 Months from now, Is unknown to me. I could be a millionaire I could be homeless.
We are taught that the unknown and risk is scary. But It keeps you on your toes, and it keeps you Learning.
But the moment you are "Most confident in your security is the moment you are most likely to be endangered.
- When We stay put we are often put on silent risk. "
This goes for Entrepreneurs too. If they get too comfortable with one source of income, They could lose it and have nothing. That is why no matter what you are doing, You need to diversify.
I had this happen to me. I was about to quit my job. I was making over 2,000 a month from just ONE source of income. I got news one day that they are making changes in the platform, Guess what? I lost that 2,000 a month in ONE DAY! This can happen to anyone.
"The longer the market goes without having correction the larger the correction will be when it happens. The longer we go in our careers and businesses without variation or randomness the larger the amount of underlying risk we accumulate. "
Some people lose their jobs, And because they never gained the skillset of creating systems, They are so used to following orders. They cannot sustain themselves. These people sometimes have more monthly expenses because they believe that steady paycheck will keep coming. They've made life decisions based on that.
Be flexible!
The Sharing Economy!
This is one of my favorite things about being alive today! We can share everything. Uber and Lyft drivers share their cars with you.
You can "rent" more stuff, and You don't have to buy it on your own!
Not only is this great for the environment but we save money. And those behind the "Sharing." Can make money by loaning their stuff to others. Like Airbnb. You can make money off your apartment when you leave out of town.
We also can share knowledge and books!
NEW Markets are being created everyday!
Don't be scared! With the new markets being created it's easier to get into things that you love!
Conclusion
Wow, this post is over 1,000 words now. So I'm going to cut it off.
Don't rely so heavily on your job income. Try starting a side hustle and move from there. Read all that you can! Don't rely too heavily on your paycheck! It can be extremely dangerous.
Jobs won't be very profitable in the future, And relying on someone else to make money is very scary.
For those of you who haven't read the book "The End of Jobs" By
Taylor Pearson
I highly recommend it; This blog post covers what I learned from this book, As well as my thoughts and insight into the subject.
