Are you curious about becoming a freelancer? If so you aren’t alone. There are many Millennials today joining the gig economy. For many, it is desirable to be your own boss, set your own hours, and offer services you enjoy doing. Why spend your life making someone else rich? Many today just simply aren’t interested in traditional employment.
I came across this quote recently, “There are a lot of good reasons to consider running a business as an expat,” according to Ryan Paugh, the co-founder of the Young Entrepreneur Council. “Overhead can be significantly lower. Finding the right talent can be far less competitive. Not to mention, many foreign countries are welcoming foreign startups and entrepreneurs as an economic development opportunity — frankly, something the US could learn from.”
It’s true. Many freelancers are opting to live elsewhere instead of the US, because of the cost of living. If you are a digital nomad, there’s no need to stay somewhere expensive. You might prefer living somewhere that your income will go farther. Due to this, the US is losing a lot of talent. Millennials are finding that the American dream simply doesn’t exist for them, so they find it elsewhere. Major cities that might appeal to young Millennials are simply too expensive to live in from housing to even the cost of food. What good is being your own boss and having freedom if you can’t afford to do anything? This is why, among other reasons, Millennials are leaving the US.
In addition, there is also the desire to simply travel and see the world. There are tons of great places to visit that have cafes with wifi, for example. Why stay in the US when there is so much more to see? Cultures to learn from, food to try, and tropical beaches. (Although I have heard having your laptop at the beach is not all it’s cracked up to be.) Being location independent is an exciting opportunity especially for the young entrepreneur. There are so many great places to go that are beautiful with lots to do and aren’t expensive to live in.
You may be considering joining the gig economy and becoming a freelancer. You should do this with a plan and have savings in place before you launch your new business. You too can consider relocating once you don’t have ties to your current area. There are many services you can offer as a freelancer whether creative or technical. You can start a website, or even just do random gigs off freelancing sites that already exist. Freelancing is a great way to see the world and have new experiences that you would not have otherwise. There is no income ceiling, and you might find a place where the cost of living is more manageable. You only get one life, live it to the fullest. Once you go freelance you might never go back to traditional work again. It is life changing.
Are you an entrepreneur? You may be really busy putting your all into your business to get it off the ground. However, you need to make sure that you don’t just work through your twenties. There’s a lot of things that you should do while you are young to set yourself up for the future. There’s also things that you can only really do while young, while fit, and possibly before getting married and starting a family. Here is a to-do list of things to do before 30.
- Get an education. After 30 it can be hard to go back to school. You’ll probably have to work hard while doing so and have family commitments you don’t have now.
- Learn how to cook. Cooking is not only healthier but also generally saves you money. Check out recipes online and start learning what you like.
- Learn about your family. Especially grandparents if they are still alive. Hear their stories. They won’t be around forever.
- Get in shape. If you start an exercise regimen now it will be more likely to last a lifetime. You will live longer and have a more active lifestyle.
- Save money. It may seem a little early to think about retirement, but the little bit you invest now will grow to very large amounts by the time you retire. Put some away, even a very small amount like $25 a week.
- Nurture your friendships. As you grow older you will probably only have a handful of lasting friendships. Make sure you have a give and take with the people you care about.
- Follow your passion in the workforce. If you are already an entrepreneur, great, but if not get started.
- Find your cause. What do you care about? Consider volunteering. Make the world a better place.
- Learn to write well. Writing is a skill that will improve your ability to communicate and can also make you money.
- Read frequently. Reading keeps you sharp. You can also continue to learn about the things you are passionate about.
- Get organized. You’ll thank yourself later. Being messy is not the best way to operate.
- Fall and pick yourself back up. Sometimes you fail and it hurts but you need to learn to accept that it happens sometimes and you get back up and move on.
- Network with professionals. Learn how to network both in person and online. Figure out LinkedIn and contact people in your line of work. Learn how to cold email.
- When you are older and things start to hurt, you won’t be climbing mountains. Do it now.
- Get out of debt. Try as hard as you can to pay your college debt down. The sooner you do the sooner you have financial freedom.
- Brand yourself. Be on social media and consistent on all channels. Every entrepreneur needs a platform. Create yours.
There are definitely things that you can do to make your twenties memorable. The best thing to do is start now. Don’t wait. Ten years may seem like a long time but it will fly by, especially if you are already in business or in school. Try to take time for you as you only live once. You will be more successful and get more out of your relationships if you work on yourself first. Enjoy these tips of things to do before 30.