We all want to contribute to the world and work for an organization that recognizes our contributions. This is especially true for the younger generations.
I have been a US Marine for 23 years and enjoyed my time in the service. I made a difference in thousands of men’s and women’s lives. However, things begin to change as you continue down the corporate path.
Managers don’t appreciate your leadership and hard work inside the organization. You’re recognized if you do the bosses’ work for them. Or if you remain in the office for an ungodly amount of time.
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The new dynamic. The new generation doesn’t want to spend 20-30 years in the same corporation. They want to feel like they make a difference inside the company every day. It’s challenging to keep employees satisfied nowadays, and it will only worsen from here.
As an employee, what are your best options to find a job or career that best suits your personality, lifestyle, timelines, and pay requirements? I have done a little reading to dig deeper into the topic of employee satisfaction.
A great book. I have been reading a few books in the Dave Ramsey collection. Over the last few months, I read “Know Yourself, Know Your Money,” “Baby Step Millionaires,” and “Debt Free Degree.”
I recently finished “From Paycheck to Purpose” by Ken Coleman. In the book, Mr. Coleman talks about pushing yourself to your dream position. Let me tell you; it is not an easy path. As I wrote in my five takeaways, finding your dream job takes the same skills as becoming a content creator or entrepreneur.
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The required skills. As I read the book, I was amazed at the similarities between finding a great job and becoming an entrepreneur (and content creator). You aren’t just going to happen in a dream position at a dream company.
No, you will have to refine your skill set, earn credibility in your profession, network, maintain contacts, and most importantly, add value. Adding value is a crucial staple of becoming an entrepreneur. Also, content creators need to produce valuable content.
As an employee, adding value means going above and beyond what the job requires. You have to think outside the box and show leadership that you are more than a standard employee.
Some examples of adding value are volunteering to gain credibility, building something in your off time that the company can leverage, or assisting around the company outside of your regular duties.
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A deeper question. As I read through the book, I kept asking myself, “why doesn’t someone just build their own company or become a creator?”
Seriously, if you will spend 4-10 years working towards a dream job, you can build a business or grow a platform in that same amount of time. It’s a tricky question, so I want to weigh in as an employee and entrepreneur/content creator.
I’m an employee. I have been working for 25 years, since age 16 when I started at McDonald’s. Over the last two years, I formed the mindset of an entrepreneur. Entrepreneurship is the best thing to happen to my personal life (outside of my family), but there are reasons why I stay at my day job.
First and foremost, I am a provider—I have a family to support. But, my wife and I are not wasting our time in the workforce. We are building a massive dividend portfolio that will allow us to buy our freedom.
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Sometimes being an employee is how we have to let our life unravel. If we don’t have a large cushion (i.e., we grew up poor), we have to get our financial footing before taking a risk.
Entrepreneur on the side. An excellent way to walk both paths is to build something on the side. In fact, I think this is the best way to have a family, a consistent income, and the upside potential of owning your own company.
“The 10% Entrepreneur” covers how to maintain a business while working full-time. If you are serious about working hard and growing, you will spend your best hours running your own business.
The metal ceiling. There comes the point in the workforce where your time isn’t worth the hassle. You begin to fight with leadership over things you know will or will not work. Leaders will underappreciate your experience and underutilize your knowledge.
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This moment is coming, so prepare yourself. Plus, the workplace is ripe with allegations and lawsuits. Even if you are working hard and playing by the rules, a jealous rival can take you down rather quickly with a false accusation.
These are things to consider. Trust me, I have been on the other side of false allegations, and any love you have for the company quickly dissolves. Having your side hustle (like vending machines, house hacking, or rental cars) can give you the upper hand if crap hits the fan.
Another way to find your dream job. Building an extensive dividend portfolio will allow you to find your dream job. Once you have, say, $4,000/month in dividends, you don’t need to worry about salary as much.
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My wife and I currently make $1,000/month in dividends and $2,000/month in rental income. This gives us the freedom to maneuver as we wish. The key to life is creating your own source of income.
If you can combine a decent job, a small business, and passive income, you’ll be on top of the world. Your job isn’t so bad when you can quit any time you wish; trust me.
Conclusion. So is it best to find your dream job or become an entrepreneur/creator? Our parents did not set most of us up to find our dream job out of the gate. We may have student debt or be supporting a family.
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We will have to maintain a job for a long time (20 years). Thus in the meantime, starting a business or creating content on the side will be a great way to hedge our career.
However, the best answer is to build passive income no matter what you do in life. Passive income will give you the freedom (and happiness) you may be seeking in the workforce.
Ultimately, we all work to pay expenses and provide for our families. When we have enough passive income to cover all of these financial responsibilities, then, and only then, can we truly understand what we want to become in life.
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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