In years past the goal, the American Dream, was to go to college, get a good job with a good stable company, buy the house with the white picket fence, grow old with the love of your life, and after spending 30-40 years with your company you’d retire with a healthy pension.
Fast forward to 2015 and beyond and that landscape is drastically different. Instead of pensions, companies have opted for employee contributions into 401k programs. The idea of staying at the same company for 40 years to a majority of young employees seems crazy. And of course crippling student loan debt is causing young 20-somethings to postpone marriage and delay purchasing the house with the white picket fence.
The workforce is rapidly changing from W-2 employee’s at corporations to independent freelance contractors. With that in mind, having more than 1 way to earn money is going to be critical to the American Dream in the future.
This fancy internet thing has changed the entire landscape of the American workforce and it’s not necessarily a bad thing.
Now, if you’re a copywriter you no longer have to commute an hour a day to the office where you’ll sit in a cubicle for 40 hours a week waiting on your next assignment. You can basically do that job from anywhere in the world. Even better, you don’t have to just write for one company, but you could bring on 5 or 10 different companies to write for.
Now if you’re a personal trainer, you don’t just have to sit at the gym all day, 40 hours a week, trying to convince everyone there that they need your services. You can build an online audience that loves your training methods and seeks out ways to pay you for your advice, coaching, and support.
Now, if you’re a plumber you don’t just have to go fix leaky pipes all day. You can shoot Youtube videos of yourself doing the work, set up a Google Ads account, and get paid when people around the world are watching your videos on how they can do the job themselves.
Now, if you’ve built a successful lawn care business, there are other people around the world that would pay you for the knowledge you have of how you built that business.
I have friends making thousands of dollars selling things they create on Etsy. I know teachers making hundreds of extra dollars each month selling the curriculum they create on Teacherspayteachers.
This is the New American Dream. Getting paid for work you were going to do anyway, when you want to do the work, and from where you want to do the work. Finding more than one way to make money in the future is going to be critical. Why not start now?
Question: What are some things you could do to add an extra stream of revenue to your household income? Tell me your thoughts in the comments.