MONDAY BYTES — August 11, 2014
Jullien Gordon’s TED talk on “side hustling” millennials and why it’s dangerous to have just one source of income is especially applicable to musicians.
Granted most musicians have multiple income streams and project-driven careers: so that’s a non-issue.
But the question is: how well are we balancing our portfolio of work? How well are we managing our multiple income streams and projects, not to mention managing our time and priorities?
For tips and perspective, Jullien’s inspiring talk offers new ways to think about your work, your income, and your goals.
Some stellar quotes to listen for:
What we want from work:
“1. To create value
2. To be valued
3. To do work that aligns with our values”
“Over 50% of millennials have some sort of side hustle that they’re working on either before or after work or on the weekends. And these side hustles are making money consistently, occasionally, or breaking even. The other 50% have ideas” [for side hustling].
On being an entrepreneurial employee with side hustles: “Your employer is your biggest client. Not your only client.”
The talk is well worth the 18 minute investment: Here it is.
Challenge for the week:
Map your “side hustles”— your various income streams and projects. Draw them on an unlined piece of paper, representing each income stream as well as how the intersect. Do this as a schematic diagram of any kind you choose, representing each income stream kind of work and how they balance/intersect with each other.
Then stand back from your map and consider:
Which income streams are most connected?
Which are most in conflict?
How well do they balance each other?
Any changes you would like to make?
As always, I welcome hearing your thoughts and feedback!
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