1. You don’t need one
People get a job for stability. But companies are not loyal. They don’t care about you.
Nassim Taleb says, “The three most harmful addictions are heroin, carbohydrates, and a monthly salary.”
I’m adding one: stability is an addiction. So please, don’t be an addict.
2. Jobs make you depressed
“Nine to Five” is a myth. It doesn’t start at 9. It doesn’t end at 5.
I asked a friend once, “How many hours a week do you work?”
“Between 50-60 hours,” he said.
“I thought your contract was for 40hr/wk?”
Depression is highest in people who are fully overworked. We are simply not made to work 60 hours a week. Archaeologists figure that our paleo ancestors “worked” around 12 hours a week.
And then they would do other things to keep up with their foraging and hunting skills.
Why is your job depressing?
- Being bossed around by people you don’t respect.
- Office politics.
- Corporate regulations.
- Spending 6 a.m. to 7 p.m. getting ready for work, commuting to work, working, commuting back, and too exhausted to move when your back home.
- Business trips.
I’m sure there are others.
3. You hate your boss
Every time you create $1 in value, and you have a boss, who has a boss, who has a bigger boss, who has a board, who has shareholders... so how much of that dollar do you keep?
I hope you know the answer.
4. Jobs are going more and more obsolete
Amazon’s new checkout-free store, Amazon Go, is a new kind of store.
When you walk in, your phone beeps. When you pick up a bottle of milk, your phone registers. When you’re finished, you simply walk out. Then your phone automatically logs into your Amazon account and buys the milk in your basket.
They have 10 locations (as of this writing) spread over Chicago, San Francisco, and Seattle.
Where did all the cashiers go?
Wait, there’s more. JP Morgan has outsourced hundreds, if not thousands of legal decisions to AI. Why talk to a lawyer when AI can out-speed 10,000s of legal precedents in a micro-second. Tax and Accounting firms have downsized their teams, and instead, opted to AI. Why keep more accountants on a company’s payroll when AI can out-smart, out-productive, out-cost, and pretty much out- everything else?
Goodbye 90% of lawyers, accountants, cashiers.
5. The great shift
Every time someone writes a new line of software, a job is lost.
This is not a bad thing or a good thing. It’s just a fact. An example: when digital music started, music store died.
You may argue, “But Alibaba has created many new jobs.” And how many retail stores have been closed down because rent prices are increasing and they’re losing customers since it’s cheaper to buy online?
Robert Chase, founder of Zipcar, said, “When self-driving cars are everywhere, 90% of the auto industry will disappear.”
With 90% of the auto industry going away, the car insurance industry will collapse. The oil industry will tumble and turn upside down. The real estate industry will change. And so on.
6. Millionaires don’t have jobs
They have incomes.
According the IRS, the average millionaire in the United States has at least five different sources of income.
A job, which is basically from 6 a.m. (wakeup) to 9 p.m. every day, is only one source of income. And pays you less than 1% of the value you create.
Selling an app is one source. Being an entrepreneur is also only one source. This highlights the importance of freelancing and part-time work in the gig economy.
7. Now is the gig economy
The gig economy consists of taking up short-term, flexible, temporary work that can be completed according to your schedule. And thanks to the advancements in technology, it’s now easier than ever to scout one.
As explained by Harvard Business School: “Unshackled from managers and corporate norms, people can choose assignments that make the most of their talents and reflect their true interests. They feel ownership over what they produce and over their entire professional lives...”
Drive for Uber/Grab/Didi. Host on Airbnb. Buy from Alibaba, then sell on Amazon. Build subscribers on YouTube/Instagram. Get hired to design a book cover from Freelancer/Fiverr.
The gig economy is growing every year. Can you replace your monthly salary from it?
8. You’re losing your productivity
People work 2 hours a day TOPS in most 8-hour shifts. The rest is spent on meetings, chatting with co-workers you don’t like, breaks, commuting, doing nothing. You’re losing more than 30 hours every week.
30 hours a week for 50 weeks is 1500 hours. Do you know what you could do with 1500 hours? Build a business, write a book, travel around the world, acquire new crafts, be with family, whatever you want.
Productivity is not about sitting behind a desk so you can get a promotion.
Productivity is about using time to make a better you.
9. You sold your dream
If you love your job, stay. If you are working at your passion job, terrific. People are envious of you.
Unfortunately, many people don’t feel the same as you. They want to jump ship and and figure out life. I did that — twice.
Many people are on the treadmill of school, college, job, job, job, retirement, death.
Many people focus more on money than freedom.
Life is short. So obtain your freedom, pursue your passion, and start living your life.
10. Don’t quit your day job just yet
A year before I quit, I had started something on the side.
I built it up while I still had my full time job. I had to navigate so many things. Particularly how to provide what kind of service the market needed.
I had to learn how to balance a double-life. I had to work in the morning and work some more at night.
I had no rest. I had to work seven days a week.
Today, I don’t have a job. I have incomes. A little from here and a little from there add up to something greater than what I normally need.
Are you ready for the gig economy? Make sure you are when the shift happens. It won’t be too far in the future.