How are we supposed to survive during inflationary times? The price of everything is going up, and our paychecks aren’t rising with these costs. What do we do?
Fret not; the world has solved this problem already. That is if you are willing to share. If we can overcome our brainwashing and individualism, we can make more than enough money to come out ahead.
Individualism to our own peril. We have become a country of individuals. We have praised individualism since the 1700s and the Revolutionary War.
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However, as humans, our higher beings created us to live in tribes and share. I just finished the fantastic book “Find Your People,” which details how we can reconnect to our relationships and friendship roots.
We love to have mega homes on large acres with big fences. This allows us to keep everyone out of our lives. We lock our doors and give our children their own rooms.
From the start, we train our children that true freedom is living and being alone. Then we wonder why they become addicted to drugs and medications or depressed.
We are meant to be together. We want our children to leave at age 18, get married, start a family, fund their children’s college, and save for retirement! All in a 50-year working career.
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The American Dream costs $5 million, and we send our kids out without anything to get them started. Worse, we trained them to do everything alone.
Their spouse better be perfect, or they should divorce them the minute they are not happy. If their job doesn’t make them happy, they should resign immediately. If their friends tell them the truth, they should quit them without remorse.
But the answer is already out there; it has always been here. When we work as a tribe, we all succeed. The Earth did not intend for one person to do it all or have it all. Let’s start sharing.
The sharing economy. The sharing economy has grown over the last few years. There have always been places like churches where the community can help one another.
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Over the years, it has been more transactional and streamlined, allowing strangers to share with one another. If you are willing to share, you can become wealthy beyond your dreams and, more importantly, fulfilled and content.
Today, I want to review ways you can share your home, land, car, time, knowledge, and energy to make money and add value to the world. I won’t go into detail about the various websites because you can Google them to find the latest and greatest. Let’s begin.
Share your home. My favorite way to share is by renting rooms. There is a multitude of other ways to share your home. You can rent a finished room over the basement or an additional dwelling unit.
Inflation Ate My Paycheck 103
You can put your home up for Airbnb whenever you travel or if you have a rental property. You can purchase a multi-family home like a duplex or triplex and rent to others. Don’t forget about running a Bed and Breakfast.
You can have your adult children live at home with you. Not only can they build a nice nest egg, but sharing allows you to save for retirement.
Share your land. If you have a half acre or more, you have plenty of options to convert this land to cash flow. If you have enough space, you can add a storage shed, mobile home, RV hookups, or tiny home. These will all generate significant rental income.
You can also share your parking spaces if you are near an important landmark or tourist area. How about converting your land into a dog park and allowing others to bring in their animals?
TSP vs. Dividends
Share your food. You can share your excess food if you love to maintain a garden. You can have a large garden, a community garden, a U-Pick-It farm, or even a herb garden.
If you love to bake, you can share your food with the neighborhood for a small profit. How about starting a meal prep business if you love living the physical fitness lifestyle?
Share your car. Beating automobile debt is tricky in America. Everyone is obsessed with their cars. However, there are ways to keep your fancy cars and even turn a profit.
You can start by driving for Uber or Lyft. However, let’s try to avoid exchanging time for money. How about creating a rental car business by renting your car on the weekends.
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If you drive a lot, advertisers will pay you to slap adverts on your car by using vinyl. It’s a great way to make $100-$250/month in passive income.
Share your knowledge. We all know something extraordinary that someone else wants to learn. You can share your expertise by becoming a consultant or becoming a content creator.
Share your time. If you want to give back, you can start a mentorship program in your field of expertise. For example, I could mentor high schoolers on the benefits of joining the military.
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Share your energy. If you have the physical health to volunteer, you can also do this. Yes, we volunteer out of the goodness of our hearts, but it is an opportunity to expand our businesses.
For example, I can bring my wares to the volunteer event if I have a small baking business. I can lay out the food and have contact cards next to the setup. People can give back by ordering my food.
The world needs people to help others; it makes us feel good. It also allows us to interact directly with future clients and customers.
Taking it one step further. The next step once you begin sharing is to invest the profits. By investing the additional revenue, you’ll create two income streams: dividends and the sharing economy.
No Freakin’ Way I Am Working Another 25 Years
Don’t begin depending on your sharing economy income because it will become a job. You’ll be indebted to this income, which will become a chore. No, convert this income into pure passive income via dividends.
Conclusion. Don’t buy the hype around individuals and independence. If you want to see what this looks like at age 80, go to a retirement home.
Via renters and roommates, I see firsthand what it looks like to grow old with nobody in your life. It’s sad. Freedom and independence look amazing when you are 30 and 40 years old.
As we age, our bodies become weaker, and our mind wanders. The people you helped earlier in life would come to your aid—if you helped anyone.
We thrive on human interaction and our value to society. Add to your value by giving back and receiving payment along the way. Remember, money is the exchange of value. Good Luck!
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