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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:

Past generations found a company to work for and then stayed there for decades. But today, we rarely stay in the same job (let alone on the same career path) and we don't rely on a single income stream. The tools and resources are out there for us to do our own thing, and more of us are going with the entrepreneurial spirit -- even if it's on the side of a traditional job. Podcaster and marketer Nicaila Matthews Okome helps survey the scene.

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Video Language:
English
Team:
closed TED
Project:
TED Series
Duration:
03:32

English subtitles

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