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Why So Many Are Looking For Extra Income....

Posted by Bobby Brown on July 01, 2024 - 1:55pm

 

For one, people are worried about inflation. As “The New York Times” reports, “And lately, inflation has provided an extra incentive. As the cost of rent and food soars, gig work can supplement primary jobs that don’t provide enough to live on or are otherwise unsatisfying.”

Others are worried about whether they’re skills will be employable in the near future. According to an Oxford study cited by Wonolo.com, “Although unemployment is low, automation is also a threat to many jobs. Another Oxford University study suggests that nearly half of American jobs will be threatened by automation over the next two decades. This is deeply felt in the workforce too, with 54% of the US workforce saying they were not confident their job would still exist in 20 years.

Here are just a few reasons people take on part-time work

A portfolio of clients is more reliable than a single employer: 63%

Earn more money and supplement income: 57%

Create and control their own work and schedules: 46%

Enhanced work and life balance: 35%

1% of freelancers surveyed said that they also have a permanent job in addition to their freelance work.

Finally, some are just focused on living life how they want to after the pandemic shifted their thinking on work. The tragedy is that employees, who are already in some of the most insecure positions in the economy—given an employer can fire them at any time—are now chasing after what appears to be entrepreneurship, but rather is owning a job with even more insecurity than when they were an employee.

If you want to get out of the rat race, the very rat race that allows employers to determine your financial future, you need to change the way you think about making money in the first place.

That, in the end, is what separates entrepreneurs from employees. Don’t get worked up about how unfair the system is and instead learn to use the system to your advantage.

Thomas Edison did his first public demonstration of the incandescent light bulb. But the reality is that the light bulb wasn't Edison's idea. As Wikipedia explains, "Many earlier inventors had previously devised incandescent lamps…” Many of these early light bulbs weren't functional for commercial use. Edison's genius was to discover the commercial application of the light bulb for the masses—and to find a way to make the light bulb commercially viable.

Fashion designers watch young kids to see what new fashions they are wearing, and then they mass-produce those fashions.

Bill Gates did not invent the operating system that made him one of the richest men in the world. He simply bought the system from the computer programmers who did invent it and then licensed the product to IBM.

Amazon.com simply took Sam Walton's idea for Walmart and put it on the Internet. Jeff Bezos became rich much more quickly than Sam did.

In other words, who says you need to have creative ideas to be rich? Usually, only those who are still poor.

So, what is the secret then for these entrepreneurs who take other’s good ideas and make millions? What separates them from the people who had the good ideas in the first place? Simply put, they understood how business works. Instead of having creative ideas…they get creative about ideas.

This is how we think at the Super Company..

Are You Ready For A Change

www.millionairedreams.com

Simon Keighley Excellent points to consider for understanding how business works and leveraging the system to your advantage.
July 8, 2024 at 5:20am