Warren Buffet famously said, “if you don’t find a way to make money while you sleep, you will work until you die.”
It’s an incredible time to be alive where technology evolves faster than we can keep up with. As the population grows and develops so do the opportunities offered in the marketplace. Money is simply a means of exchange and people today want more of it and options on how to create multiple cash flow streams. We shouldn’t be looking at ways to cut back, but rather ways to creatively expand our means. The Financial Independence Community, is constantly looking for innovative ways to live fulfilling and meaningful lives on THEIR terms. It’s not that having a job is a bad thing, quite the contrary. What if we were working by choice, not out of necessity? How does that change our intentions waking up everyday? How would that make you feel?
Welcome to the sharing economy, the solution to creating additional cash flows into your personal economy. The largest personal transportation companies in the world don’t even own a rental fleet of cars and the largest short term housing companies own no real estate! Sound familiar? I’m sure you’ve heard of industry disruption Titans such as Uber, Lyft, AirBnB, and VRBO. The list goes on and on-Bird, Lime, Turo, and snapspace are just a handful of other apps that quickly come to mind. We are in a new world that allows everyday people to actually make money in their sleep! The concept is genius-allowing members to use something when you don’t need it has ignited innovation across the globe. The newest kid on the block is snapspace: a sharing network that offers inexpensive and convenient parking for drivers looking for a space. It makes you think, why wouldn’t I rent out my additional or unused parking? Why wouldn’t I want my driveway to make me money?
So ask yourself, are you trading your time for money? Here’s to your next side hustle.