There is a sector of people who refuse to work for other people. Some of these people have gone on to become highly successful.
Others never make much financial progress, and here's why.
Not only do they not consistently work on their entrepreneurial dreams, but they don't do anything to obtain a job to create a steady income.
So they remain financially reliant on other people.
Not working for traditional employers is not a crime; it's best to go this route for many people.
But what are you going to do for income in the meantime?
Bumming off friends, family, the government, or barely getting by on meager part-time gigs doesn't produce financial independence in the long run.
Two suggestions:
- Get a traditional job and consistently work on your side hustle.
- Consistently work on your side hustle within a timebox. If you don't earn enough income by the deadline, get a part-time gig. Then set a new timeline; if you still don't earn enough income, move into a full-time gig that allows you to still work on your side hustle. Not every side hustle can be built overnight.
Not earning any income means one thing: You're not investing.
And when you're not investing, you're losing time.
When you're losing time, you're missing out on free money you could earn from compound interest.
Not only this, but if you have any debt, you're maintaining debt instead of decreasing those balances.
Idealists Listen Up
The idealists tend to fall into the "I'm only going to work the perfect job or no job."
The problem with these people is they frequently don't get a job until they're up to their knees in debt, behind on their bills, and overly financially reliant on others.
If you want the "perfect" job, actively seek it out by applying.
Don't wait for it to fall into your lap; this will most likely never happen — especially considering you'll likely need to take a more aggressive approach to find your ideal role since you are incredibly picky.
Time is of the essence; the longer you wait to acquire a consistent income, the farther away financial freedom will move from you.
I know several people today who consistently delay jumping into a role because they're waiting for ideal circumstances or "never have enough energy" to apply.
What I notice in these people is that they're all financially struggling, always need help, and can't afford necessities.
They're still financially reliant on people and can't afford to live on their own.
This is a red flag.
Find a way to pursue your dreams and support yourself.
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This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.
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