Did your parents ever encourage you to study hard, and then go to university so that eventually you can get a high paying job?
Maybe they encouraged you to be a doctor, or a lawyer, or something along those lines. I myself was told I should be a doctor!
Parents and family members mean well when they tell you this, but honestly it is bad advice. They think along the lines of how the world was when they were younger, how job security was a thing, and how student loans were far, far less consuming than they are now.
Nowadays, for a 3 year degree you’re looking at spending £27,000, and that’s if you don’t need help for housing and food. If you take out loans to cover living experiences, your debt can soar to well over £50,000.
And yet, after you get your degree, what are your prospects? Most definitely you will be looking at working 9-5 Monday to Friday, for 40-50 years (or until you are finally allowed to retire), with 20-30 days off a year as holidays.
And keep in mind that, if you want to buy a house, the market is tough for first time buyers. On top of student debt, you’ll be looking at paying a mortgage for the next 30 years. Oh, you’re having kids? Add that to the list.
I’m sorry for painting such a shitty picture, but that’s a reality for a big part of the UK, and begs the question, why do we keep insisting this is the way life should be celebrated?
We have all been blessed with life. We have won the lottery just by being born! And if you are reading this on a phone or laptop, then you are so privileged! Many people in the world still have no access to the internet, but here you are reading my rambling (and I am so grateful for you).
The point is, with all the blessings we have, do we really need to waste 40+ years in our life, working for someone else, wholly dependant on them paying you and not firing you? No! If someone is going to be in charge of you, let that person be you!
Who is going to take better care of your financial well-being, a boss, CEO, or yourself?
Relying on a job for 100% of your income is a dangerous move to make. Protect yourself by developing at least 1 other source of income.
Millionaires have on average 6 different sources of income!
Don’t feel overwhelmed though! Creating another source of income doesn’t need to difficult, all you really have to do is do some research and analyse what options are out there for you. Some examples of extra income are:
- Become an influencer on social media. Once you have a large following, you could get approached by brands and paid to market their products or services – pretty sweet!
- Do you enjoy writing? Why not pen a book or ebook? Create some passive income through selling your work!
- Sell on eBay – why not sell stuff you no longer use or need? The added benefit of getting rid of stuff you no longer use is that you can get your home and life more organised, so it’s a win-win.
- Start an e-commerce business. Like selling on eBay, but to a more professional level. You can start an Amazon, Etsy or Shopify businesses, all from the comfort of your own home, and not necessarily expensive! Let me know if you’d like me to go into further detail, I’ve got a proven step-by-step system on how to research products and sell on Amazon!
- Become an Affiliate Marketer. This eliminates the need to have your own inventory, you simply sell someone else’s! Click here to check a system that not only teaches you how to market online, but offers you the chance to make commission.
There are several other options, but that would make this blog too long!
Comment anything that I may have missed, or with any requests on blog posts that you want.
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