The Gig Economy is still in the early stages of disrupting how we work.
Only one generation ago, most workers could expect to be full-time employees in secure full-time jobs, working for just one or two companies over the course of their careers.
The generation retiring now built a life anchored around the expectations of a stable and rising income, a steady package of corporate benefits, and a corporate-financed retirement at the end of work.
How to Succeed in the Gig Economy:
The answers are broken out into 10 rules to succeed in the Gig Economy.
Define Your Success
Discover your personal vision of success, which might look very different from the traditional American Dream.
Ask yourself, “where do I see myself in 10 years?” then create a personal roadmap and implement incremental growth to see it through.
Diversify
Learn to identify and find gigs to increase your opportunities, improve your skills, and expand your network. Networking is everything this generation. Hence why I’m writing this article.
Connect W/O Networking
Decide if inbound or outbound connecting works better for you, and discover how to make great asks and offers. Everything is a cost-benefit analysis, and why should networking be any different?
Make meticulously calculated decisions with who you choose to let in your network and more importantly, how you spend your time allocated to growing said network.
This means paying special attention to those in your orbit and understanding them not just as assets, but connections to open doors that might not have otherwise ever had a chance of being opened.
Create Your Own Security
There is no such thing as job security. Understand how volatile the economy is, how to create income security, and improve your skills to develop an exit strategy if need be.
A financial safety net is quintessential to an early retirement and reduced stress.
Face Fear by Mitigating Risk
Tackle the big fears that are holding you back, break them into manageable risks: by micromanaging…they don’t seem all that scary, do they?
It’s much easier to overcome 10 simple tasks than one hard task.
Take Time off to Decompress between Jobs
I cannot stress this enough (no pun intended) that taking meaningful time to decompress is not only necessary for health reasons but is known to literally increase your work efficiency as sleep deprivation reduces output as we are all batteries who need recharging otherwise we fail to function.
Be Mindful About your Time
Spend time on what matters. Create a personal roadmap and categorize what needs to be done VS. what can wait.
Reboot your calendar to spend time on what matters and consider whether a maker or manager schedule works best for you.
Decide who you want to be. Don’t let someone make that decision for you.
Take Time off Between Gigs
Explained above.
Be Financially Flexible
Forget the save your pennies in a piggy bank approach and restructure your entire financial life by increasing your financial flexibility in scheduling, and workload and make sure to keep that balance healthy otherwise you will be overwhelmed.
Think Access, Not Acquisition
Owning is a thing of the past.
Access the things you want with less debt and more flexibility.
Examine the myths of home, car, and other rentals vs. ownership. Make a cost-benefit analysis using your quarterly budget with your quarterly growth factored into an equation subtracted by your quarterly liabilities.
After all, your net worth is simply determined by this equation: assets + liquidity - liabilities = net worth.
That’s all for today.
Happy Mother’s Day everybody!
If she’s still in your life, remember that you only get one, and try your best to show her how much you appreciate the fact she brought you into this world.
10 RULES TO SUCCEED IN THE GIG ECONOMY
10 RULES TO SUCCEED IN THE GIG ECONOMY
10 RULES TO SUCCEED IN THE GIG ECONOMY
The Gig Economy is still in the early stages of disrupting how we work.
Only one generation ago, most workers could expect to be full-time employees in secure full-time jobs, working for just one or two companies over the course of their careers.
Share 𝔠𝔯𝔶𝔭𝔱0ᗯ1ᘔᗩᖇᗪ's 𝔠𝔯𝔶𝔭𝔱o 🔮
The generation retiring now built a life anchored around the expectations of a stable and rising income, a steady package of corporate benefits, and a corporate-financed retirement at the end of work.
How to Succeed in the Gig Economy:
The answers are broken out into 10 rules to succeed in the Gig Economy.
Define Your Success
Discover your personal vision of success, which might look very different from the traditional American Dream.
Ask yourself, “where do I see myself in 10 years?” then create a personal roadmap and implement incremental growth to see it through.
Diversify
Learn to identify and find gigs to increase your opportunities, improve your skills, and expand your network. Networking is everything this generation. Hence why I’m writing this article.
Connect W/O Networking
Decide if inbound or outbound connecting works better for you, and discover how to make great asks and offers. Everything is a cost-benefit analysis, and why should networking be any different?
Make meticulously calculated decisions with who you choose to let in your network and more importantly, how you spend your time allocated to growing said network.
This means paying special attention to those in your orbit and understanding them not just as assets, but connections to open doors that might not have otherwise ever had a chance of being opened.
Create Your Own Security
There is no such thing as job security. Understand how volatile the economy is, how to create income security, and improve your skills to develop an exit strategy if need be.
A financial safety net is quintessential to an early retirement and reduced stress.
Face Fear by Mitigating Risk
Tackle the big fears that are holding you back, break them into manageable risks: by micromanaging…they don’t seem all that scary, do they?
It’s much easier to overcome 10 simple tasks than one hard task.
Take Time off to Decompress between Jobs
Be Mindful About your Time
Spend time on what matters. Create a personal roadmap and categorize what needs to be done VS. what can wait.
Reboot your calendar to spend time on what matters and consider whether a maker or manager schedule works best for you.
Take Time off Between Gigs
Explained above.
Be Financially Flexible
Forget the save your pennies in a piggy bank approach and restructure your entire financial life by increasing your financial flexibility in scheduling, and workload and make sure to keep that balance healthy otherwise you will be overwhelmed.
Think Access, Not Acquisition
Owning is a thing of the past.
Access the things you want with less debt and more flexibility.
Examine the myths of home, car, and other rentals vs. ownership. Make a cost-benefit analysis using your quarterly budget with your quarterly growth factored into an equation subtracted by your quarterly liabilities.
After all, your net worth is simply determined by this equation: assets + liquidity - liabilities = net worth.
That’s all for today.
Happy Mother’s Day everybody!
If she’s still in your life, remember that you only get one, and try your best to show her how much you appreciate the fact she brought you into this world.
Peace && Love,
Ahmed T.
@a1mtarabichi - Linkedin
Twitter
Thanks for reading 𝔠𝔯𝔶𝔭𝔱0ᗯ1ᘔᗩᖇᗪ's 𝔠𝔯𝔶𝔭𝔱o 🔮! Subscribe for free to receive new posts and support my work.