How to make more Money and create more Meaning

6 Jun

By 401K

Recently, in a career conversation with a friend we were discussing how to generate 2 things for her:

1)  More money

2)  More meaning

Obviously she is not alone in this quest.

The first thought for most of us is how to  merge the two areas to find meaningful higher paying work.

However, depending on your skills and definition of meaning, this may be easier said than done- especially in the short term and particularly for those who do not feel they quite fit into a neat and tidy lucrative box.

So, if you too are seeking more meaning or more money- or both –before you quit your day job or pursue a higher paying, potentially all consuming job, consider this possibility: create multiple streams of income by riding the freelance or starting a side business.

The internet has provided a plethora of opportunities for people to create revenue streams.  For example, I have a side business as an Independent Stylist for Stella & Dot which provides me: fun, cash and an enhanced accessories wardrobe. I set the pace and work when I want to and I meet lots of amazing women and have started new friendships and expanded my network.

I  know many people selling products or freelancing to pay for *extras*, or simply to provide fun and meaning. These side gigs can (and often do) turn into full time well-paying jobs that replace people’s previous income.

I think they are also a way to explore under developed or under used aspects of yourself , and build new skills on your own terms. This is also a way to make money while building new skills rather than spending money by re-training.

I had no idea I would love being a part of a company like Stella & Dot– but it has really brought me a risk free way to explore and enjoy my inner entrepreneur.

Maybe you are a writer, social media expert or graphic design guru- offer your services up to small businesses looking to farm out these types of projects.

Really, any skill or hobby can be turned into an income stream, meaningful side gig or preferably both.

The point of this story: the career ladder may not be for you- diversifying your income streams may end up being more interesting, more rewarding and actually more secure in this rapid change economy. If you lose your day job your income has simply lowered rather than vanished.

The rebel in me also likes this as it bucks the need to be defined by your day job, a title or rank and feeds self empowerment.

So claim your niche. No niche is too small…

So first ask yourself this:

What do you know best or think about most?  What do you love to do or read about?  How can this bring value to others?  What makes you and your skills unique and/ or remarkable?  Or even better:  What makes you come Alive?

Then ask your self this:

The big question is whether you are going to be able to say a hearty yes to your adventure.
Joseph Campbell

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One Response to “How to make more Money and create more Meaning”

  1. careerdetour June 7, 2012 at 1:52 pm #

    What is your side gig? Has it been able to make you a second stream of income?

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