This is the side hustle revolution
-
0:00 - 0:03I can't think of anyone
who just has one interest in life, -
0:03 - 0:05and that's all they want to do
for the rest of their life. -
0:05 - 0:08[The Way We Work]
-
0:10 - 0:14Around 15 percent of American workers
don't have traditional full-time jobs. -
0:14 - 0:18They're half-time, part-time,
contract workers or temps. -
0:18 - 0:21The term "side hustle"
just seems to fit with this ethos -
0:21 - 0:25where people are putting together
a few different things to make a living. -
0:25 - 0:29The word "side hustle" has its roots
in popular African American newspapers. -
0:29 - 0:33In the 1920s, these papers
used the word "hustle" -
0:33 - 0:35to refer to some kind of scam.
-
0:35 - 0:37By the 1950s, they were
using "side hustle" -
0:37 - 0:40to refer to legitimate work, too.
-
0:40 - 0:42A side hustle is a little different
than a second job. -
0:42 - 0:44A second job is about necessity.
-
0:44 - 0:47While a side hustle can certainly
bring in extra income, -
0:47 - 0:49it's a little more aspirational.
-
0:49 - 0:53Side hustle captures a certain kind
of scrappy, entrepreneurial spirit. -
0:53 - 0:55I've interviewed more than
100 women of color -
0:55 - 0:57on Side Hustle Pro
-
0:57 - 0:58who started successful side hustles.
-
0:58 - 1:02Nailah Ellis-Brown started
Ellis Island Tea out of her trunk. -
1:02 - 1:05Arsha Jones started her famous
Capital City Co Mambo Sauce -
1:05 - 1:07with one product and a PayPal link.
-
1:07 - 1:09All these women are running side hustles.
-
1:09 - 1:11What exactly does this tell us?
-
1:11 - 1:15First, that people are seeing opportunity
within their communities. -
1:15 - 1:19The goal here isn't necessarily
to be the next Coca-Cola or Google. -
1:19 - 1:23Scale is great, but there's also beauty
in a successful business -
1:23 - 1:26that's built for a specific audience.
-
1:26 - 1:29Second, people are increasingly interested
in being their own boss. -
1:30 - 1:32Being your own boss takes discipline.
-
1:32 - 1:35Self-made millionaires tend to have
one big trait in common: -
1:35 - 1:38they make decisions,
hold themselves accountable -
1:38 - 1:40and push through
in the face of challenges. -
1:40 - 1:44A side hustle is a great way
to try out being your own boss -
1:44 - 1:48and see if you have those skills
before fully stepping out on your own. -
1:48 - 1:50Third, people are multipassionate.
-
1:50 - 1:54I want to stress that not every
side hustle is started -
1:54 - 1:55because someone hates their job.
-
1:55 - 1:58Many are started simply
because people are interested -
1:58 - 2:00in lots of different things.
-
2:00 - 2:03Lisa Price, who started a hair
and beauty company, Carol's Daughter, -
2:03 - 2:07was working in television production
when she started side-hustling. -
2:07 - 2:08She says she actually loved her job.
-
2:08 - 2:12It was the fact that she came home
every day feeling good -
2:12 - 2:13that led her to start experimenting
-
2:13 - 2:16with making fragrances
and hair oils in her kitchen. -
2:16 - 2:17We're always being taught
-
2:17 - 2:20that we're supposed to know
what we want to do when we grow up. -
2:20 - 2:22But when you're multipassionate,
-
2:22 - 2:24you want to dip and dabble
in those different things. -
2:24 - 2:27It doesn't mean that you're not
committed to your job, -
2:27 - 2:30it just means that you have
other outlets that bring you joy. -
2:30 - 2:35And that brings me to the final thing
the side hustle revolution shows us: -
2:35 - 2:37people want to make a bet on themselves.
-
2:37 - 2:41Side hustles are appealing
because it's easier to take that chance -
2:41 - 2:43when you have some kind
of income coming in. -
2:43 - 2:45Even if a side hustle doesn't take off,
-
2:45 - 2:47it's still an investment in yourself.
-
2:47 - 2:50Forty-one percent of millennials
who have a side hustle -
2:50 - 2:53say they've shared this information
with their employers. -
2:53 - 2:56They're not worried about
their managers reacting negatively. -
2:56 - 3:00They recognize all the learning and growth
that comes with running a side hustle. -
3:00 - 3:02Everyone is looking to feel fulfilled.
-
3:02 - 3:06Thirty-eight percent of baby boomers feel
some kind of regret about their career. -
3:06 - 3:07No one wants that.
-
3:07 - 3:11The truth is that there are
many different ways to find happiness -
3:11 - 3:12through what we do.
-
3:12 - 3:14Side hustles are about embracing that hope
-
3:14 - 3:16that we can be the ones
making the decisions -
3:16 - 3:19in 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.
- Video Language:
- English
- Team:
closed TED
- Project:
- TED Series
- Duration:
- 03:32
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Brian Greene edited English subtitles for This is the side hustle revolution | |
![]() |
Brian Greene approved English subtitles for This is the side hustle revolution | |
![]() |
Brian Greene accepted English subtitles for This is the side hustle revolution | |
![]() |
Brian Greene edited English subtitles for This is the side hustle revolution | |
![]() |
Brian Greene edited English subtitles for This is the side hustle revolution |