Want more money? There are two things you can do: spend less or make more. Personally, I’m a fan of the latter. Combine making more money with innate love of saving and you have an instant recipe for wealth. Okay, not instant wealth — but a better bank account and investment portfolio than a lot of your friends! One of the ways to be increasing the amount of money you make isn’t to go begging to your boss for a raise, but to invest in “the economy of you.” Evaluate your skills and use them to increase your profitability with a side hustle.
Kimberly Palmer, author of ‘The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life,’ decided to do just that.
Not only did Kimberly develop her own side business with PalmersPlanners – planners to help navigate major life events and reach goals – but she literally wrote the book on how to develop your side gig.
In her new book, ‘The Economy of You’, Kimberly tells her own journey into side hustling, profiles a variety of side giggers and details ways to use your unique talents to start earning money. One of my favorite stories features a meeting planner for a consulting firm who moonlights as a professional opera singer. She uses her lunch breaks to go into the parking garage at work and rehearse!
Kimberly takes you through the highs-and-lows of working an extra job (or jobs) in addition to your full-time employment. Her book also features Q&As with successful side giggers so it only seemed fitting to profile her in the same manner.
KP: I realized there was a massive trend afoot when it came to mastering the new economy — people were taking control of their careers, and financial lives, by launching side-businesses that generated extra income on top of their full-time jobs as well as a safety net in case their full-time jobs disappeared. Not only did I know I had to be a part of it by launching my own side-business, but as a writer, I wanted to document these incredible stories and provide a roadmap for people hoping to do the same thing.
KP: Luckily my own day job makes it pretty easy for me to meet new, interesting people all the time. As a reporter, I’m constantly looking for people to interview, and many of the side-giggers in my book were people I first met through my reporting at US News & World Report. Some of them also came from personal connections — as soon as I started talking about what my book was about, people would tell me about their friend, or brother, or father who was in the midst of launching a side-gig. I ended up with many more people than I could even hope to include.
3) Which profiled side gig is your favorite?
KP: Don’t invest in all tech stocks. Seriously, I did this. It was when I was first starting out with managing my own investments in the early 2000s. It did not end well. From then on, I’ve stuck with a much more diversified portfolio.
If you’re trying to figure out how to get started on that side-business then head over to Amazon and snag a copy of The Economy of You! (yes, that is an affiliate link my money-savvy friends).