BE WHAT YOU MAKE YOURSELF: IN THE ERA OF SELF EMPLOYMENT A CAREER CAN COME FORM ANYWHERE

 

Person Holding White Paper and Typewriter

“Writing your own check.”


create your role

In America today, you are more than any other time able to write your own check. You can choose your own role and be your own boss. As a matter of fact, over the next few decades, more than half of working Americans will have some sort of self-employment income coming into their households. And this is necessary considering so many jobs that we have come to know and love are heading overseas to underdeveloped nations. The reason being that it’s cheaper to make the product over there because more people and the raw materials to build are cheap as well. Now what Americans have to do is come up with another income more passive to subsidize our living. But it’s not as easy a you think.

the climb to a dollar

If you want to make another income, you need to really hone in on a craft. You don’t just go outside and start making extra money. You have to work at something then go out and build from there enough to money. And the reason being is that it is very hard to consistently make money in this country. Because there is always the threat of competition and falling of the creative wagon. People want consistency you may not be able to bring to them. So go out and learn and learn then build. This is where people give up and quit because they want it now.

f u money

Ever hear of something called “fuck you money.” Most people in America will never know what this is like. Hell, in my position, I don’t have it. But F-You-Money is vey broad and ambiguous. You don’t need to be rich. The average person will be homeless in just a few weeks if they lost their job today. And this means having some sort of cushion of side money to hold you over is important. That is where F-You-Money comes into play. Doesn’t have to be much, just enough to last you until you find more work.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

GET RICH, LIVE POOR: WHY YOU SHOULD SPEND CONSIDERABLY LESS THAN YOU MAKE

Person Holding Debit Card

“Why go broke when you don’t have to?”


why we spend

We all love to shop til we drop. But when it comes to having money and retaining the money, we all have a hard time doing so. And that’s why I chose to discuss the idea of all of us spending less than we actually have in the bank. And the reason for this is that you don’t want to live beyond your means. As a matter of fact, you don’t want to buy anything toward the top of your budget. When you purchase something it should always be in context of the percentage of something you brought home. So if you make $40,000 per year, your car should be 7-10% of what you make in a year. But try explaining to someone that they should spend $2,800 to $4,000 on a car.

rainy day, better yet a hail storm

We have heard the phrase when it rains it pours. And that is this notion that when something bad happens it all falls down by the waist side. Sometimes the waist side is still too high for how bad things can get in life. So you want to have enough money saved up just in case something bad does happen. Never know what may transpire, so you want to give yourself some wiggle room. If you are living above what you make, then you will find yourself in a world of trouble if that time comes. And I don’t care if you make $75,000, live like you only make $30,000 to $40,000. You will be shocked by how much you save.

get out of your head

Remember I said prior that you want to spend less than what you make. People hear that they are about to make $100,000 in a year and go out and get a new car. Then they try to buy a condo, and vacation, and shop, and this and that. But what they should really be thinking is how can I save the most for when I need it. Doesn’t hurt to enjoy, but what you have to be thinking is long term. Especially if you are someone with children to support. You have to think about their futures in addition to your own. So spend wisely and cross the next few bridges even if they are there just in case something comes up.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe