#giggers #SelfEmployed #SoloPractitioners #NonEmployerEstablishments
South Florida is loaded with “giggers.”
Atlanta, Dallas, Washington and Boston have also seen a surge.
What are “giggers?” They are one-person shops or, in bureaucratic parlance, “non-employer establishments.”
“Between 1997 and 2015, the number of non-employer establishments – that is, self-employed, freelance workers and independent contractors that aren’t often counted in traditional government measures of job growth – in the Miami area rose 142 percent,” writes Nancy Dahlberg in an article for the Miami Herald. The article was also published Dec. 25, 2017, in The Atlanta Journal-Constitution.
That growth is more than twice the national average of 58.6 percent, Dahlberg writes. The other metro areas showing growth behind Miami include Atlanta (126 percent), Dallas (95 percent), Washington, D.C. (78 percent) and Boston (31 percent), according to the article.
This trend shows that people with imagination and a marketable skill who want to work, but don’t want to be employed or are having trouble finding a traditional W-2 job, are using their skill and imagination to help others, while earning money.
The article also quotes a 2016 McKinsey Global Institute report that found about 27 percent of working-age people in the U.S. and Europe engage at least partially in independent work. It also quotes a 2016 study by the Minneapolis Fed that found the engagement at 37 percent in the U.S. alone, and government estimates show that rate could rise to 40 percent by 2020.
The 2008 recession has had lots of effects on lots of people. Some chose to continue to look for new jobs, with varied success. One should consider himself or herself incredibly fortunate if he or she had lost a good job, but subsequently found a better one. For many, if they have found new work at all, it pays less than they were making before. Therefore, a lifestyle adjustment became necessary.
But suppose you have some imagination, but don’t have a really marketable skill that you can peddle on your own? Or, what if the skills that you have are difficult, if not impossible, to ply in an independent setting?
Fortunately, there are many ways out there that you can earn a potentially significant income – perhaps even more than you’d ever earned before – without having a W-2 job or any specific skill or background. To check out one of the best, message me.
Most of us dream of working until a certain age, then perhaps concentrating on a favorite hobby or hobbies to occupy our time after working. For some, retirement came before they wanted, or were ready, and they are using their hobbies or skills as a solo practitioner.
For some, a lifestyle adjustment was required. Many of us dream of the time when we make a lifestyle adjustment only for the better.
We are moving toward a more “you economy,” in which you call your own shots, you solve your own economic problems and you advance your lifestyle.
What if you could do all those things, and help others do the same?
What if the “you economy” were not forced upon you by necessity, but presented to you as a gift?
What if that bad situation – a job loss – became the best thing that ever happened to you?
To borrow from John Lennon, you may say you’re a dreamer, but you’re not the only one.


#CashFlowQuadrant #RobertKiyosaki #employee #BusinessOwner #investor
The Cash Flow Quadrant.
The concept was created by Robert Kiyosaki, author of the “Rich Dad, Poor Dad” series, among other works.
Basically, Kiyosaki divides all of us, financially, of course, into one of four squares, forming a quadrant. In the two squares on the left side are the people who work hard for their money. In the two squares on the right side are the people who have systems or money that work hard for them.
Let’s look at the left side. The top quadrant is labeled E, for employee. Here are the people who have jobs in which they work hard to make someone else rich. These folks basically trade their time and effort for dollars. The amount of money they get depends on what someone else is willing to give them.
The second quadrant on the left side is labeled S, for solo practitioner, or self-employed, depending on how you look at it. These folks, too, trade their time and effort for dollars, but the amount they get paid can depend on how much time they want to put in, and how much in demand their service is. Though they pay themselves, largely, few of these folks get rich. Hopefully, they are able to set aside some money for insurance, retirement etc.
Moving to the right side of the quadrant, the top square is labeled B, for business owner. Kiyosaki said his “rich dad” called this quadrant B for big business or Bill Gates. Kiyosaki defines a big business as having 500 employees or more.
“Unlike the S, they don’t want to run the company by themselves. They want smart people to run the company for them,” Kiyosaki writes.
The B folks also could have large networks that can help them put gobs of money in their pockets. They may not own a large, bricks-and-mortar business, but they have big organizations that they’ve cultivated, and not only get rich themselves, but do so by helping others get rich in the process.
The fourth square in the quadrant is I, for investor. These are the folks who’ve accumulated lots of money, and are watching it grow exponentially through investing. Think of the “Sharks” on the TV show, “Shark Tank,” as a good example of people who are I’s.
Obviously, the object of the economy, as we in the U.S. know it, is to move more people from the left side of the quadrant to the right side.
Easier said than done, you might ask? Obviously, one can’t move freely from the left to the right. Certain things have to happen – or, better yet, YOU have to make certain things happen.
First and foremost, a person must WANT to move from the left to the right. That desire must be powerful enough to make him do whatever it takes to move – and take however long it takes to move.
Wealth accumulation requires discipline and sacrifice. You might have to give up some of life’s pleasures to get where you want to be. Take your lumps now, and take your pleasure later, as it were. It also, often, requires patience. Sure, there are some folks who inherit a lot of money and become instant investors. Big lottery winners can become instant investors, but often don’t have the discipline to do so. Therefore, many just spend their winnings until they run out of money.
You can also spend years toiling on the left side of the quadrant, putting away a little at a time and never touching it. That requires a good deal of patience.
So, how do you get from the left to the right side of the quadrant in your current situation? You may not need 500 employees, but if you have a big enough desire to move, there are many vehicles that can potentially get you there. To learn about one of the best, message me.
Meanwhile, if you are among those who criticize those who have more money than you, and you continue to toil on the left side of the quadrant, you may need an attitude adjustment, f you want to go to the other side. You may also need a big-enough desire to join, rather than beat, those you now criticize.
A move to the right side of the quadrant could be possible if you BELIEVE you can get there.