We need to recognise that the “world of work” has changed and it will fundamentally impact a number of financial decisions we will make in the coming years.
Consider for a moment how much you depend on your salary arriving in your bank account on the 25th / 27th / 30th of each month. If that salary doesn’t arrive as expected, it impacts how you pay for your home, car, schooling or fund your retirement. In effect, you become a slave to that salary – and your employers know it and you are constantly trapped in a cycle of inflation-linked annual increases where you will be expected to work harder and harder, simply to maintain the salary coming in.
This focus on “What if I don’t have my salary coming in every month?” creates a fear cycle in people. As Joshua Lisec points out in the below TEDx talk, going the “Solopreneur” route means that you have no floor to your earnings … but conversely, you have no ceiling to what you can earn in a month.
The TEDx is powerful in that it focuses on the concept of monetising your skills rather than chasing the idea that you have to raise capital to fund your business. As a network, this is a principle that we believe in strongly – the world of work has changed and the idea of a steady salary is disappearing.
Enjoy the talk!