For many who work jobs in the corporate environment you might feel stressed, overwhelmed, and anxious about your future. You’ll earn enough money to keep the bills paid on time and food on your table, but is working a 9-5 making you happy?
You’ll spend 40 hours per week generating revenue for someone else which can mean large sums of cash for the owner of the company you work for. What if you could utilize your resources elsewhere to build an empire for yourself? You’d most likely do it!
The truth is, you can. But you probably won’t. In this post, we’ll discuss why working a job you hate could be the best thing to happen to yourself, your family, your finances, and many other facets of life.
How Much Time Does Working a Corporate Job Really Consume?
Not only are you required to spend 40 hours per week at your job, but several other time-consuming activities come along with working a corporate job. Commuting, lunch, and company events will also bite into any remaining free time you have.
The true cost of time for your 9-5 jobs can quickly amount to 50 hours or more depending on your job and environmental factors.
You Could Be Laid Off at Any Moment
The reason so many choose the corporate lifestyle is the sense of security it provides. That is until you are laid off for something out of your control. Poor management decisions, economic factors, among many other things can lead to a job loss that has nothing to do with your performance. So why do “think” we are secure?
“You don’t know what you have until it’s gone.”
For many, we don’t think that will happen to use because it never has. Until you get laid off, the mindset of “it won’t happen to me” will linger, giving you a somewhat false sense of security.
You might be fortunate enough to never get laid off, but this isn’t something you should take advantage of.
The Dilbert Principle provides insight into some “bad actor” companies and how to deal with them.
Why Do People Get Stuck Working Jobs They Hate?
Millennial job satisfaction is historically lower than previous generations. 71% say they aren’t engaged at work and 60% say they’re open to new opportunities. So why do so many get stuck working jobs they dislike?
False Sense of Security
As mentioned above, working a corporate job can provide you with a somewhat false sense of security, leading many to stay unhappy.
Fear of Risk and the Unknown
Fear can lead some to stay at their current position no matter how unsatisfied they might be. The “what ifs” will sneak into their mind and keep them on the path they face.
With risk comes reward. Think of many of the most influential entrepreneurs, all of them have taken a risk at some point to reach where they are today. If you do not take a risk, the chance of obtaining any sort of reward will dwindle.
If you know anything about working int he corporate environment it’s that the longer and harder you work, the better your chances of landing a promotion which typically yields a bump in pay. This mentality can keep you climbing someone else’s ladder, instead of your own.
Yes, you can live a life with a sense of security and have a consistent flow of paychecks that increase over time, but is that your end goal?
Benefits of Working a Job You Hate
Working a job that you hate will light a fire under you to get out of your current situation. You will be enticed to work harder than you ever have climbing your way to alternative sources of income.
If you truly hate your job, you’ll do almost anything to get out. Take advantage by assembling this motivation towards your own aspirations.
By working a job you hate, you can save your money and use it to create your own income stream. You should use your primary source of income to generate cash and build your own empire.
How to Build Your Own Income Stream
Building an income stream comes in many different capacities. There are thousands of ways you can build different income streams. We’ll detail some of the most common passive income streams below.
A passive income stream requires little to no work, allowing you to work your primary job while supplementing your income with a second stream making it ideal for most.
Dividend investing is great for those looking to build a second source of income with virtually zero time required. The process is quite simple.
- Purchases a dividend-paying stock (Coca Cola, Pepsi Co, etc)
- Receive a dividend payment
- Use your dividend to purchase more stock
- Receive an even larger dividend payment
There are hundreds of dividend-paying stocks to choose from and it’s important to note that dividend investing will not make you rich quickly. You must utilize the effects of compound interest for your money to grow.
Create a Website
Creating a website, whether it is a blog, e-commerce store, or any other type of website is another great way to build your additional income stream. It requires little to get started and can produce income for a lifetime.
You should start by understanding your passions and harnessing them into your site. You should then outline your business plan to understand how you will generate income and grow your website.
Some people will choose to rent out their home or space in their home to build an income stream.
You could choose to rent out space in your home on websites like Airbnb or VRBO. If you have a place to stay, you could consider renting out your entire home to produce a larger cashflow.
Start a Business
A business can be one of the best income streams you can build. Why? Because of its endless income potential and various other benefits. Whether you choose to start a painting business or pressure washing business, there are thousands of businesses you can start with proven models of profitability. What’s holding you back?
Working a job you hate can be a blessing in disguise for some. It can motivate them to find another source of income or take a risk that can easily pay off tenfold, or more.
If you’re working a job you hate, have you thought about solutions to get out of your situation? If not, now is the time to start.