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The 10 Percent Self-Employment Solution

Amazing photo by Zara @ Flickr

Amazing photo by Zara @ Flickr

Despite the prodding of Tim Ferriss and Jonathan Fields, some folks don’t feel comfortable about quitting their day jobs, starting their own businesses, and traveling to Thailand to learn Thai stick fighting techniques.

We even talk about escaping the cubicle life.

That’s cool.

But the one thing that is true in the Wealth Singularity and the thing that drives us to create advanced Automated Trading technology is that lifestyle design is lifestyle design. You don’t have to shed your job. You don’t have to travel to exotic locales. You don’t have to become an Internet marketer.

You approach life on your terms and no one else’s.

If you’re ready to move toward lifestyle design, but aren’t prepared to dive in head-first, here’s a way to test your lifestyle design skills without a lot of risk.

I call it the 10 percent self-employment solution. Here’s how it works:

Just like financial experts suggest investing 10 percent of your salary in your emergency and retirement funds, you invest 10 percent of your time creating financial freedom and edging toward self-employment.

If you typically work a 40-hour week, take 4 hours of your own time to take steps toward self-employment and personal financial freedom. How you utilize this time is up to you, as long as the actions take you decisively toward your goal of escaping the cubicle.

It may mean you:

  • build a website
  • start a blog
  • research markets
  • brainstorm products
  • work on an eBook.

You can also use a portion of this time to improve your personal financial situation because that’s critical to feeling more confident in striking off on your own. You could:

  • shore up your finances
  • brainstorm ways to save money
  • start an emergency fund
  • network with entrepreneurs

I know what you’re saying: you don’t have four hours to spare. But check your schedule again. Can you wake up a half-hour early? Can you cut out four-hours of non-productive time during your week? Can you spend your lunch hour working on self-employment projects?

Once you’ve mastered the four-hour self-employment solution, you can add more time, until you feel you’re ready to make the big leap.

If you can–and you continue to make steady progress–you’ll be amazed at how far you can go.

Maybe even to Tahiti to study tradition native culture.

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  1. December 29th, 2009 at 10:29 | #1

    Excellent article, thanks!
    Did think about keeping the 9-5 and working 4 hours a week on business.
    But then again that was one of the lesson’s that Jim Rohn taught: work full-time making a living, work part-time making a fortune.
    “Formal education will make you a living; self-education will make you a fortune.”-Jim Rohn

  2. December 29th, 2009 at 14:24 | #2

    Work full-time making a living, work part-time making a fortune.
    “Formal education will make you a living; self-education will make you a fortune.”
    Those are great!
    Thanks!

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