The Illusion of Job Security

One of the things that stops people from starting their own business and pursuing their dreams is fear of financial instability. They’re afraid of leaving the job security and stable paycheck of their regular job. And they let the fear of the unknown stop them from achieving their dreams.

Job security is a big fat myth…

I read an article years ago that talked about how job security and the financial safety of a steady job is actually a myth. It was the most powerful article I read at that time, and completely changed the way I think.


Imagine this…

Let’s say you’ve worked at the same company for 5 years. You have a good, steady income. You see your work as critical to the operation of the company. And you’ve attained seniority in your department. Life is good. You’re paying your bills, and can even stash a little money into savings here and there. It’s comfortable, safe, and will probably continue to be so.

The key word in that sentence is PROBABLY.

Your employment depends on the company’s ability to sell its products or services. If sales dry up, layoffs and downsizing are the result. So it is completely possible for you to walk into your financially “safe” job one day, and learn that your company just lost its biggest customer and has to lay you and several other people off. Or worse yet, the company you work for could suddenly go out of business.

And just like that, your financially “safe” job vanished into thin air…completely out of your control.

That is why the idea of a “stable” job with financial security is a myth. We are lulled into complacency by receiving weekly paychecks, and lose sight of the fact that at any moment that paycheck could disappear.

In other words, the company you work for faces the SAME challenges you would if you owned your own business.

The difference is that when you own the business, YOU have control of your destiny. You’re not leaving important decisions about your future in the hands of someone else. Decisions that determine if you will have the money to buy food next month or pay the rent.

No. Those decisions are controlled by you. And because of that, you have the opportunity to provide for yourself, protect yourself, and prepare for the future better than a mindless drone stuck in cubicle nation.

So…which one do you thing is more secure now? Leaving your fate in someone else’s hands, or taking control of your future yourself?


Ideas for Making Money Online

If you’re looking for ideas to generate extra income, or just supplement your current income, there are lots of opportunities for making money online that are legitimate, and not get-rich-quick schemes.

By now, pretty much everyone knows about how you can make money by selling stuff on eBay. But that is only one a VERY many ways you can make money online. Below are just s few examples of ways you can create an income using nothing more than your computer and the Internet…

1. Upwork
Formerly known as Elance, Upwork is a site where you can go create an online profile and then bid for freelance jobs in a variety of categories including design, writing, photography, websites, and many more. The client who needs the work done posts the job on the site, and freelancers post their bid for how much they would charge to do the work. If the client likes your bid, they hire you and you get paid for the work they requested.

2. iWriter
This is a site designed for writers. iWriter allows people to request copywriting services by completing a form that asks for information the writer will need to know. Then, if you’ve set up an account as a writer, you can view the projects that need text written, and do the job. If the client likes your work, they pay you and you move on to the next project.

3. Affiliate marketing
Many of the products and services you buy everyday have special affiliate programs that allow you to resell that company’s products or services and collect a commission on the sale. Even big companies like Amazon have these programs. Most of the time, you can find these opportunities on the very bottom of a website as a simple text link that says “affiliates” or on completely separate websites like ClickBank.

4. Blogging
Believe it or not, many people have been able to build a significant following via blogging and turn those followers into a source of income. This is usually done through coaching or consulting services offered on the blog, or by selling eBooks or other information marketing products which are my next item in this list.

5. Information Marketing
Another way you can make money online is by selling what you know. This is called information marketing, and it includes things like eBooks, online courses, etc. By packaging up your knowledge as a product and selling it to the world, you are able to profit from your years of experience and natural talents. Many people like Jeff Walker, Frank Kern, Brendon Burchard and others have made millions online using this method.

So there you go…5 ways you can legitimately make an income online to replace your day job. Once you choose which one you want to pursue, dive in and don’t give up. Many of these ways of making money online are difficult to get started. But there are many, many people out there who have done the same thing and made lots of money. You can too!


How to Start a Side Gig

One of the most critical tasks that needs to be accomplished for you to break free from your day job is to replace the income you are currently making. And one of the best ways to start doing that task is to start a business on the side….otherwise known as a “side gig.”

If you’ve never owned, or even managed, a business before, this can sound a little scary at first. But don’t worry, starting your own side business isn’t as complicated as it sounds.

Here are a few steps to get you started…

1. Decide what you like doing.
In order to build a successful business, you need to choose a business you’re actually interested in. I mean, imagine how quickly your business would fail if you hated it! So it’s important to do an assessment of your skills and compare that list to a list of things you love to do or topics that fascinate you. If you find a match between what you know how to do and what you like to do, you have the beginnings of a business. Chances are, you’ll find several such matches and will need to narrow the choices down to one that you run with.

2. Check the law.
Once you know what kind of business you want to start, the next step is check local laws to find out if you need to get a license for your business, or if there are any special requirements in your area for properly creating a company. Some places require licenses, other require just a form to be filled out with the name of the business. In either case, it is critical that you set the business up properly to avoid problems down the road. If this task scares you, don’t worry. You can get free advice from retired business people who will help you set your business up the right way by visiting SCORE.

3. Start small and work up.
When you first start your company, don’t feel like it needs to be the next right away. In fact, in most cases it’s best to start on a small scale so you can fine tune what you sell, and discover what your customers really want. It will also allow you to test and tweak your advertising without spending a fortune. By starting small and then scaling up, you can optimize your new business for success right from the beginning.

4. Have fun.
What is the point of escaping your day job of you’re just going to hate your new business? So relax, and have fun with your new venture. Turn it into something you love doing, and it will naturally fuel your inner hunger to succeed. More importantly, your enthusiasm will show and your customers will connect with you more easily…resulting in more word-of-mouth advertising (which is free by the way).

Follow these few steps, and you’ll be on your way to starting a side gig that will one day replace your day job, or just make you some extra cash on the side.