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This is the side hustle revolution

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    I can't think of anyone
    who just has one interest in life,
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    and that's all they want to do
    for the rest of their life.
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    [The Way We Work]
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    Around 15 percent of American workers
    don't have traditional full-time jobs.
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    They're half-time, part-time,
    contract workers or temps.
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    The term "side hustle"
    just seems to fit with this ethos
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    where people are putting together
    a few different things to make a living.
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    The word "side hustle" has its roots
    in popular African American newspapers.
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    In the 1920s, these papers
    used the word "hustle"
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    to refer to some kind of scam.
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    By the 1950s, they were
    using "side hustle"
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    to refer to legitimate work, too.
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    A side hustle is a little different
    than a second job.
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    A second job is about necessity.
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    While a side hustle can certainly
    bring in extra income,
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    it's a little more aspirational.
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    Side hustle captures a certain kind
    of scrappy, entrepreneurial spirit.
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    I've interviewed more than
    100 women of color
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    on Side Hustle Pro
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    who started successful side hustles.
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    Nailah Ellis-Brown started
    Ellis Island Tea out of her trunk.
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    Arsha Jones started her famous
    Capital City Co Mambo Sauce
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    with one product and a PayPal link.
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    All these women are running side hustles.
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    What exactly does this tell us?
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    First, that people are seeing opportunity
    within their communities.
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    The goal here isn't necessarily
    to be the next Coca-Cola or Google.
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    Scale is great, but there's also beauty
    in a successful business
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    that's built for a specific audience.
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    Second, people are increasingly interested
    in being their own boss.
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    Being your own boss takes discipline.
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    Self-made millionaires tend to have
    one big trait in common:
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    they make decisions,
    hold themselves accountable
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    and push through
    in the face of challenges.
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    A side hustle is a great way
    to try out being your own boss
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    and see if you have those skills
    before fully stepping out on your own.
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    Third, people are multipassionate.
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    I want to stress that not every
    side hustle is started
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    because someone hates their job.
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    Many are started simply
    because people are interested
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    in lots of different things.
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    Lisa Price, who started a hair
    and beauty company, Carol's Daughter,
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    was working in television production
    when she started side-hustling.
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    She says she actually loved her job.
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    It was the fact that she came home
    every day feeling good
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    that led her to start experimenting
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    with making fragrances
    and hair oils in her kitchen.
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    We're always being taught
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    that we're supposed to know
    what we want to do when we grow up.
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    But when you're multipassionate,
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    you want to dip and dabble
    in those different things.
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    It doesn't mean that you're not
    committed to your job,
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    it just means that you have
    other outlets that bring you joy.
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    And that brings me to the final thing
    the side hustle revolution shows us:
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    people want to make a bet on themselves.
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    Side hustles are appealing
    because it's easier to take that chance
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    when you have some kind
    of income coming in.
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    Even if a side hustle doesn't take off,
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    it's still an investment in yourself.
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    Forty-one percent of millennials
    who have a side hustle
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    say they've shared this information
    with their employers.
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    They're not worried about
    their managers reacting negatively.
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    They recognize all the learning and growth
    that comes with running a side hustle.
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    Everyone is looking to feel fulfilled.
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    Thirty-eight percent of baby boomers feel
    some kind of regret about their career.
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    No one wants that.
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    The truth is that there are
    many different ways to find happiness
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    through what we do.
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    Side hustles are about embracing that hope
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    that we can be the ones
    making the decisions
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    in how we spend our work lives.
Title:
This is the side hustle revolution
Speaker:
Nicaila Matthews Okome
Description:

more » « less
Video Language:
English
Team:
closed TED
Project:
TED Series
Duration:
03:32

English subtitles

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