SERIOUSLY!! I quit my job and have been a full time youtube creator for 3 years now but omg I don't recommend it for most people. It's much harder and stressful. I shared a video recently on my business channel that it's not a good idea. Most people should not quit to do this because it's definitely easier to just have a regular job.
Wow I'm fangirling here, I love your content so much 💓 thank you for sharing, it's so important for people to hear this from folks like you who have had so much success with content creation and still acknowledge just how hard it is!
Finally!!! Someone who’s not afraid to speak up. Big ups Kate. I’m not leaving my job, at least not yet. I absolutely love my job so why should I just leave that behind to hustle constantly with all the pressures and risks involved. This is a really dangerous “trend”
I agree 100% with your statement. Growing up my father was self-employed and had a real estate development business on the side, which I was involved in as a teenager. Believe me when I say this, being your own boss is not for most people. Not only did my father work every single day, but many times, there were dry spells where the paychecks weren't as consistent; my family went through periods of hard times, as a result. Unlike a 9-5 which provides a predictable paycheck, vacation time, and days off, an entrepreneur's lifestyle does not involve having days off. You are working ALL THE TIME. If you read The Millionaire Next Door, a book written in the 1990s, it analyzes and does a breakdown of self-employed people and their lifestyles. The book states that the vast majority of self-employed people do not end up making mega bucks and most break even, at best, to provide. Lastly, most businesses fail within the first year of starting (I think close to 80% of business start-ups). Yeah, this "trend" is a giant grift. Anybody who has been in business for themselves knows that manna does not fall from the sky into your lap; TH-cam content creation is no different.
Nice video - wise advice. My corporate job is becoming soul destroying - it’s not the work, it’s the people. I want to work for myself with my own brand one day, but financially can’t quit my job right now. I have decided to aim to up-skill, develop a side hustle and save up so I can be in a position to quit my job and work for myself within 3 years. Good luck everyone
I totally endorse this message. I'm an impulsive person but, I always reason out when it comes to quitting my 9-5 job, I enjoy stability and until I have that sorted out, I just can't jump out. Thank you for confidently voicing this out.
I understand the advice of having a side hustle, something an employer can't take from you, don't solely depend on your employer. I am in that spot now and trying to think of a side hustle I would enjoy.
Totally agree! I think it's a great idea to have something that just belongs to you, your own personal brand or side business. This is definitely part of why I started TH-cam even though I have no intention of ever taking it full-time.
It's where our society is now a days. It's all about social media and instant gratification. I worked for large corporations my whole life and am preparing to retire at 57. Not rich, but have enough to retire comfortably. Sure there were a lot of times I just wanted to walk out and there are things that I hated, but I knew that in the long run it would pay off. And here i am. Short cuts don't work. Even youtubers that are successful put a lot of work into it.
Love it and congratulations on your retirement! Agreed, becoming successful on TH-cam is so much work, I make a few bucks from it and can't imagine relying on it for income, I would be too stressed!
So glad this video popped up in my feed! Just subscribed. I'm a writer, freelance editor, and aspiring "creative entrepreneur," and I've also had the privilege of being a SAH/homeschool mom for the past decade, too. But a couple of months ago our son started attending public school, I started working for the school system, and it's been really great! However, just yesterday I ended up taking a personal day. I know how this is going to sound, so please forgive me, but the reality of not having my "free time to create" anymore hit me hard, and I was just really, really sad about it. I even briefly thought about quitting, but knew I wouldn't/couldn't actually do that, at least not right now. The financial stress wouldn't be worth it. Like you said, working all day for a steady income that helps us pay our bills doesn't actually rob me of my ability to create; it FREES me to create because I'm not stressed or worried or feeling guilty! Sure, the dream and goal is to be a full-time writer -- and maybe that'll happen eventually -- but maybe it won't. Or if it does, it might end up looking different than how I imagined it looking. So...I had my little "woe is me" moment, got it out of my system, and now I'm good and getting ready for another day at a job I genuinely enjoy going to. It's a privilege to have a job at all right now, and I'm grateful!
Amen I love my 95 job. I’m a debt collector and love chasing people down that can’t afford to pay their bills to pay off some five-year-old credit card debt is amazing. Going to work every day so fulfilling.
I think a lot of people aren’t educated on what is required to be an independent contractor/start your own business. I think there’s a lack of financial literacy regarding taxes, health insurance, retirement, investments into their business, and that they can’t just keep all of your profits. Whatever decision people make, it needs to be an informed one.
I love my 9-5 job (in the UK). I'm an engineer, I solve problems all day, get reliably paid on the reg, get paid annual leave, matched pension payments at 7.5% from my salary. I have reliable weekends and working hours, I have security. It's great.
Absolutely agreed. I was on a warpath of quitting my full time job to pursue my channel 100% but I had an epiphany this morning and I am not leaving my great job. I get paid very well, I work 4 days a week, I work from home, I have freedom and flexibility, great health benefits, and so on. I love what you said about doing the content thing over time and building that up while maintaining the full time job. Great video.
Thank you! Finally, someone willing to address the proverbial " elephant in the room": everyone can't be an entrepreneur, everyone should not be an entrepreneur. The reason they trash 9-5s is because it's popular and gets them views! I'm all for starting a business, I'm doing it myself. But you should start a business because you genuinely have something to offer the world that you cannot do with a W2 job. Otherwise, it's perfectly ok to go to work and get a check. Remember: if your business is not profitable, you're still broke!😂😂
Exactly! I love how people act as if starting a business is a cheat code but I know quite a few people who have really struggled to make ends meet as business owners, like just being able to pull an actual salary can take years. Good luck on your business endeavours, you've got this!! 💪
The reason they trash 9-5’s is because most people hate their 9-5 and don’t get any fulfillment from their mundane jobs. The idea that working a 9-5 for 50 years just to save up for retirement is the ideal path, is soul crushing for most people. Then for younger generations you had the 2008 financial crisis and then COVID, constant inflation, wage stagnation, student debt, broken healthcare system, young people are rethinking what’s really important in life. Baby boomers kind of screwed everything up for the younger generations.
I haven't even watched the whole video but I completely agree with you. I basically wrote the same thing on another platform. I think this "quit your 9 to 5" is dangerous advice because each person's financial situation and personal setup is so different. Often creators won't tell you that they are supported by their spouse or their parents while you, the listener/watcher, may not be. This is such a complicated topic. Thanks for covering it.
Exactly! Most (if not all) of the people I know who have started a small business, became self-employed or became a content creator have either 1. built it while working full-time or 2. have family money (ie a trust or inheritance) or were partially or completely supported by a parent or spouse during that time. And honestly it's mostly the latter. Because it's really hard to build something nights and weekends when you're already working full time! Nothing wrong with having family support whatsoever, but just please don't sell the dream to others if you have someone else paying your bills. I really appreciate the many people in the comments acknowledging this very thing.
I fell for that advice. I didn’t quit my day job but I checked out a long time ago. The truth is, I haven’t found my place in the working world yet (I shouldn’t be expected to-I’m only a year and a half out of college), and my current role is not a good fit for me. I’m part of a rotational program that could allow me to switch into a role I’d be more interested and fulfilled in, but I’ve also been placed on a PIP (as of yesterday) due to poor performance, which will prevent me from rotating into a desired role that I would be more driven to perform and work. I am waiting on results about a formal autism diagnosis that can qualify me for reasonable work accommodation. I definitely see the value in having and keeping a “9 to 5”, but if your specific role is taking a toll on your mental health and is a poor fit for you, staying at the job will do no one any favors, least of all you. Yes, I recommend staying gainfully employed, but not at the expense of your mental health. Protect yourself and your sanity, even if you have to go several rungs down the income ladder.
Agreed! I would advocate to stay in a job only for selfish reasons, not out of any loyalty to a company or because we should all just be good and loyal cogs in capitalism lol. The system absolutely sucks in many ways and I will be the first to admit that. If it's toxic or you are suffering because you are disabled, neurodivergent, etc, do what you can to gtfo. I really hope you are able to get your diagnosis and land in something that you are more excited about.
@@kateismostlygoodwmoney Thank you Kate! I wish I were able to push myself through the PIP without accommodation, but it simply isn't possible at this point (who knew engineers had to socialize with so many different people? That's one of the many things I didn't learn in college...or maybe they did mention that but it flew over my head. And now I know what work environments and type of work I can and can't handle/need accommodation for!). I've heard freelance work can be great for neurodiverse peeps/"lone wolf" types, but I also know the empowerment of being your own boss/brand/company comes with great responsibility, and ideally mentors to help you along the way. And a big reason on how I was able to get all my medical issues treated was the company I'm employed with. I hope my next role will be more fulfilling and something I feel more competent in and passionate about, just like you said!
Thank you! I run my own TH-cam channel as a SAHM. But my husband has a job that we have lived off for years with retirement and benefits. I have been super lucky with my growth and am monetized, but the pay is not reliable! And there is so much more that goes into it. So much unpaid time and effort. Hearing Dough Dash tell people to quit their job is stressing me out for those who would listen to that. 😅
I really like my 9-5. But I am also not in the US, have job security, raises a works council negotiates, 6 weeks vacation and very free options how and where I do my job. It's reliable, good income. I think finding the good employers is the biggest challenge, not the mode of work per se.
Well said. I couldn't stand working until I found remote work that let's me just stay at home. During the down time I can do all the things I would do if I didn't have to work - watch youtube videos etc - all while keeping the stable income. Remote changed everything for me.
!!! this big time! completely agree. i also hope the people quitting to go “all in” on things like content creation are still taking into account the basics like planning for retirement 😅and weighing the fact that if things don’t work out and they have to return to the ~dreaded~ 9-5, however long they were out of the workforce may impact how up-to-date their skills are, etc. even creators who “make it big” often have short career lifespans, similar to athletes - you may be set for 5 years, but then what? gotta plan for that possibility well
Omg this lives in my head rent-free, like when TH-camrs quit their day jobs bc they are making 300K a year on YT...but like, can you sustain that for 20 years? Cause then what?! And that's it, if I was out of my career for even a year or two, I think it would be incredibly hard to get back in. I could only see ever leaving my day job for content creation if I were FIRE 😅 I'm tempted to make a video about this now!
Not everyone is built to do a 9 - 5. I was let go from my job last Christmas having worked there for 2.5 months so I dont trust an employer to do right by me anymore. I uaed to have a permanent job years ago & the world didnt end when I left that job. Office politics & the people that work in those places can be extremely negative to a person's mental health.
I don't think we should trust employers. I also acknowledged that some workplaces and jobs can be toxic, and that people should leave toxic jobs. But freelancing, working 80 hour weeks trying to start your own thing, haemorrhaging money trying to get a business off the ground, constantly chasing clients, not having health insurance or being able to go to the dentist, not having retirement or a pension, etc can also be very stressful and toxic. But people don't talk about that, they romanticize entrepreneurship. If you have found another way to support yourself without working a 9-5, that's great! I think that's something a lot of people cannot, or do not want, to do.
im malaysian,im a construction worker & a part time forex trader..used to quit my job to persue the trader carrer but sadly it didnt work out and i fell to the glory & fam of it back then,now happily working again my 9-5 & doing my trade as it more secure since i have it both rather than only 1 income
I live in Germany and hustle/entrepreneur culture is not very comaptible to what it is in america, but its there and more and more people start dropshipping, coaching social media or brokerage etc. to become "independend". I would never quit my job because I can't imagine being any kind of happy to sell or do shit for people just for the sake to make money. I am a nurse so my job is very hard and in Germany not really good paid. But it rewards me in so many other ways because I know that what I do is valuable for my community and for me as a human. Doing things with a social and humanitarian impact gives me a kind of wealth and perspective that just having money makes away from you. But this is the kind of wealth we need more than ever in this day and age of capitalism and crazy senseless consumerism where most of the people are barely getting by and so fucking lonely. Selling Shit to them or selling an idea of a good life to them so you can make a ton of money and buy yourself out of every inconvenience is not just stupid but harmful and evil.
I agree with your message with the exception of calling working for someone else "A real job" - I think if you work for yourself and you can earn a living it is a real job. I own/owned a small business for 6 years and it was a "real job" because I had to go into the office every day, turn on the lights, open up and then at the end of 2 weeks I got a "real paycheque". So just because you work for yourself does not make it an "not a real job" - but I will agree with you that it is generally a bad idea to go and do that because I had to suffer for over a year before I got any traction.
Totally hear ya and that's why I used air quotes the first time I referenced because I don't actually think that, but I do think that's how it's perceived! But I def should have continued that throughout or just said a traditional job. Working for yourself is 100% a job! And I actually think making this more clear to people is helpful - when people imagine working for themselves, I think it's so romanticized now and they almost perceive it as "not a real job" but people would really benefit from hearing stories like yours where it's like nope, still had to go the office, switch on the lights, and hustle. Thanks for sharing and appreciate you mentioning this!
The new phenomenon and great awakening among young people is that you are an idiot if you are working. They feel that life is way too short to be in the machine and work for the system and getting screwed and abused. I'm an old guy and I think they have a damn good point.
@@kateismostlygoodwmoney Finding an avenue of income that is self reliant/work for yourself, use what money you do have after working for a bit then quiting in investments that pay you out over time, make money doing whatever you can outside of a part time job/your full time job till you can quit. No offense, the reality is, your work isn't as valued as it probably should be under companies today and the relentless fires that are put out with the common/minimal wage/Midrange workers aren't worth it anymore. They just aren't, sorry. I don't disagree with the idea that you need to work, or that work should be a priority/Being productive at something in life, but the reality is, working at places like this crush more then just your soul these days depending on where you live and what country because they now crush your pontetiality for more with financial income not meeting the needs, rent, groceries, utility bills, car payments, Subscriptions to health/necessities that're only going up while the disparity of pay isn't let alone anything extra for family or accidents that happen around you that you have to pay for. All of this culminates to, "Why would I work just to survive and not take a chance when I feel dead on my feet already sinking into quicksand?".
If you can't find a job you like, sure. But if you can find a career you like (I have) it's a nice to have security in my job doing what I like all day. Not sure I'd feel the same if I lived in the states though. I live in the UK, and we get plenty of annual leave and stuff.
@@Elspm I'm happy thats the case for you in particular and I imagine a small majority, again, depends where you live, what income your making for the necissities you're going to have to pay out for that, it's a lovely thing when you can attain what you have, now ask yourself how many people in the UK feel that way is the question, take yourself outside of your environment and experience. That's what I'm doing rn.
Hey Kate, so this video came up in my TH-cam and how enlightening it is for me lol. I'm a work from home 9 to 5er with two teenagers and a partner that makes more money than me (which is great by me---proud of her and her abilities she's my rock). I'm interested in doing something on TH-cam but would never quit my 9 to 5 because well I know it's needed for a variety of reasons. It's not my dream job (it's not really the worst job either) and really I've always wanted to do a podcast or TH-cam channel just for fun--to scratch an itch or fulfill a little part of my life (the creative side lol). I think when it becomes something that you NEED to make an income out of---I'm not quite sure I could do that---I'm a college radio/journalism guy so really I appreciate this kind of message!
Yes, most people spend their younger years following a path to get a 9-5. The skills required to be a successful entrepreneur are very different. It is horrible to see some TH-camrs running multi hour livestreams encouraging people to quit their job. Thank you Kate for this video.
I would never quit my job I just couldn't do it. I like that someone else is handling everything for me and all I have to worry about is my normal everyday life stuff.
I see the same.... its pretty scary.... being an entrepreneur is a greuling job. 24X7.... stress... Imagine going from 1 boss to all the viewers being your boss & all the hate... & HAVING to create videos weekly... that do keep getting views.. Id rather chew staples sprinkled with sawdust that having to rely on views for my daily bread...
😂😂 amen to that! As a content creator, I feel like taking it full-time would immediately crush me because you're right, then the the audience is the boss and you're subject to the whims of the algorithm. I think that's part of why TH-cam ends up feeling so stale because everyone is chasing views, so creators research trending topics, and then all create different versions of the same video with the same title and same thumbnail and then the content just feels...blah. But people have to do that because that is how they are making their living!
Yep, it turns something that could be a hobby into a constant grind - 24x7 thinking about your videos, why some get views, what topics might get better views etc.
Too late! My 9 - 5 quit me and replaced me with AI automation this week. True story! Pretty comical that this video shows up in my feed two days later 😅😂😭
Yeah I always thought it was interesting when those videos popped up. In my head I’m like “you realize that someone has to be in charge of all these platforms you use and the sponsors that give you money, right?” It feels so out of touch with the majority reality
YES this does not get considered enough. We can't all sling Amazon affiliate links online, we need like electricians and teachers and stuff 😆but even beyond that, to your point, we need ad tech, marketing, brand, product people, software engineers and developers, AI and ML and data folks - all the people who build and sustain the entire platforms we create on!! Such a fantastic point.
Something I've learned from working several 9-5's is there are 3 levels or 3 types of jobs. 1) A job you HATE. Usually the work sucks, the pay is low and co-workers and bosses are annoying, toxic culture. A job you dread going to, but you go cause you have to pay bills. 2) A job you LOVE. The work is enjoyable, pay is great, cool boss, fun co-workers, great culture, etc. These are the kind of jobs where people actually wake up and look forward to their day. 3) A job you can TOLERATE. This seems to be where most people fall in, and sometimes stay long term. The work is sometimes fun, but not awesome and not bad enough where you hate it. Pay is not great, but it's enough to pay bills, and live a normal productive life. Your average or above average job. For those who say they can't do 9-5. I can guarantee you their last few 9-5 jobs fell into the HATE category. If they actually had a fun job with great pay, they wouldn't be complaining. 9-5 isn't for everyone, but being an entrepreneur is not for the majority. And being and entrepreneur takes a hell of a lot more work to be successful.
It’s really as simple as not counting your chickens before they hatch. Job should be your main focus, entrepreneurship should be your gamble. If the dice roll in your favor, feel free to quit your job. Important thing is to at least see some traction before your blindly quit.
Totally! I think some people are so eager to get out of their current situations, they jump too early. Definitely not opposed to taking the plunge when it's well thought out!
The audience this advise is typically aimed towards is for people such as myself where we make more than our comp plan account for in lieu of a salary. Typically think about sales people, some construction or service workers, or marketers. Most people who want to be TH-camrs or influencers don't realize they are realistically desiring to be marketers and the face of the brand they represent.
I think it comes from the fact that a 9-5 does not work for a ton of people. Neurodivergence, rising cost of living, constant threats of layoffs, dissatisfaction with life. Looking at America over the past 50 years, lets not act like there aren't valid reasons to have greater control over your income.
I understand where it comes from. I'm disabled and neurodivergent. I'm a Millennial that graduated right into the Great Recession. My argument is that for many many people - who have no knowledge about what becoming self-employed actually entails but have been sold a dream that only includes the positives of entrepreneurship - it will in fact NOT give them greater control over their income and is a huge financial risk that many people are just not prepared for.
I’ve also had several career changes in my adult life. Went from being a cosmetologist/nail tech to working at a mortgage company, and now I’m in forensics. lol. I don’t wanna change again but this field will not make me rich that’s for sure.
Oh my gosh, you have such a fun career path, I had no idea you worked in forensics, that's so fascinating! I think I am also over career changes at this point 😅 you hit a certain age and it gets harder and harder to start over lol
What I fail to understand is how YT advertisers can possibly support the entire population with ad revenue. Is THAT why everything has doubled in price over the past few years?
My advice is do work what you like, take the initiatives. Have Grit. Don't let corps kill your passion if you gonna be an employee, switch to places that treat you right. Being TH-camr or anything isn't easy, know the pain points and knowing how evaluate risks and rewards which schools don't teach.
Exactly!! Have grit, be flexible, learn new skills, be ready to job and career hop if you aren't being treated or paid right. Yes yes yes to all of this, you're spot on.
I rather make 40k dollars per month then make 20 dollars per hour. I love luxury stuff & having lots of nice things. I don’t like being average or below average. I love nice things
I have a side hustle that I believe could cover my expenses if I took it full time, but I still haven't quit my day job yet. This also despite having 6 years worth of living expenses in savings too.
I always found the people quitting their stable jobs with no strategy reacting emotionally rather than realistically. Like do the side business and your stable job until the side business makes enough. Some of these people are making money by selling a dream as well with their scam courses.
Exactly! I feel like a lot of these creators are telling people to just manifest it or believe in yourself and it will all work itself out, and then monetizing this dream that they are selling people. And people are (very understandably imo) exhausted and disillusioned under capitalism so they buy into the dream.
Yes. This. This message is also on pretty much every podcast episode anymore now. I wouldn't mind working for myself in some capacity, but the thought of working a job without benefits is pretty unappealing. I have great benefits that are worth thousands of dollars per month, and a few of them are very tax-advantaged. Also, the routine of actually getting out of the house and going somewhere is good for me. I think there's a lot of conditioning regarding the 9-5 being a grind. It's not like that for everyone. My little baby channel is monetized, but I have no desire to turn myself into a brand. Any content I make that is not completely and authentically me is unacceptable. I create content because I love it. I don't ever want it to feel like a job. Eventually, I think I'd like to get to the point where my income is 75 percent W-2 and 25 percent side gigs/passion projects. I just don't see myself not having a W-2 job. Thanks for the channel mentions. I might have to check out some of these.
It's so good to hear from another small monetized channel that feels the same way I do! Love that we can both create freely ☺ and totally hear you on the 75/25 goal eventually, I have had similar thoughts like it would be rad to maybe eventually go down to a 4 day workweek and use that freed up time for youtube or other passions! Can't wait to check out your channel 💗
I've considered starting a TH-cam channel, but then don't know if I really want my face out there on social media like that. (I do have FB, but don't post often). I'm the breadwinner for my family, and also carry the insurance. It would be highly irresponsible of me to quit my job and start something like TH-cam when the financial hardship would surely endure. And quickly. My husband doesn't earn enough to carry us. If anything, I'm more worried about losing my job than to start a TH-cam channel to earn money. I think most growth on TH-cam takes time. Every now and then, someone grows quickly. While I don't particularly care for my job, it's 100% remote. I have the flexibility to leave if I need to run to the school for my kids, or the doctor, or just to take a quick nap. I don't worry about the weather or clothes for work, etc. At 54, I'm not looking to jump on the next band wagon. It's too salemany like when it's the 'you can earn money on TH-cam easily' gimmick. I always tell my daughter though that it would be fun to start a channel with her and I and how we view life from a teenager's perspective and a women in her 50's. Who knows.
I love this so much. Agreed, I think working remotely has given me so much flexibility that it gives me a lot of the work-life balance that I was craving. TH-cam does take time! I monetized my channel in about 8 months, but the average it takes is about 2 years 😳it's definitely a long game but I love the idea of eventually starting a mother-daughter channel!
...also i just early retired... from a career in corp america... fantastic salary huge bonus . 8 Weeks pto.... 2 pensions... 6% 401k match ... profit sharing...deferred comp plan... .. free health insurance and a wonderful severance package for fully funding r my early retirement... Corp america & saving investing... made me a multi millionaire... Nothing like it...
THIS. I always laugh when people act like you can't build wealth with a 9-5. Congrats on your early retirement, sounds like you had an amazing career 👏 and that's really inspiring to me so I appreciate you sharing! I have some videos on FIRE planned in the new year 😃
I'm in the same boat, 26 years to go. 😭 The only thing is you got to do that for like 30 some years dealing with people mean nothing to you on things mean little. Definitely gonna become multi-millionaire assume SP500 doesn't turn into Nikkei 225... or Fed bankrupt or OASDI dries up 🤞
Dough Dash got caught in a lot of lies and I don’t see her channel sustaining that level of success… and I love my 9-5 (paid vacations, sick leave, retirement, health insurance, cost of living raises, and the ability to advance… and best of all a consistent reliable paycheck) I am ever so grateful for it. I don’t think I’d ever leave even if my TH-cam got monetized and did well.
I agree about Dough Dash😬she has not built sustainably and she's eroding the trust she had with her audience by selling subpar products (after saying she would never sell anything). It just starts to feel scammy and it's not playing the long game. Love that you love your 9-5! 💗
If everyone was a content creator, there would be nobody to run the world around them 🤷🏻♀️ I like my job, but I also know I will never be able to retire even though I make decent money, so sometimes I wish I could do TH-cam on the side or something else but idk. I did a few videos like 10 years ago about makeup and fashion hauls, one of which was actually kind of successful, but it was so awkward for me and too expensive of a hobby.
Exactly! I love having nurses and baristas and teachers as part of our society, it's great 😂 ooohh you should totally revisit YT! I would sub in a heartbeat. As much as I think it's so hard to make a full-time living from it, I think it's perfect as a side hustle and totally reasonable to reach a point where you can make $200-500 a month from it. Though you really have to love it, it is definitely slow to build that following and can feel very cringe haha so I completely get it 💜 maybe decluttering/simple living content?!
God 1st, always. Happiness is innate. I never cared what people think about me. I’m happy to share. A retired woman(Boomer) here. Happily Debt free. NOT broke. NOT struggling. NO stress. NO regrets. Living frugally and being a minimalist, saved my hard earned money. 💰 I’m a saver. NOT a spender 🤑. I enjoyed working 10 years in the Graphics field(my 1st career); until my 3rd layoff due to company loss of contracts and revenue. I then earned my degree, passed my state licensure board exams and required certifications, became a (RT)Respiratory Therapist(my 2nd career), busted my butt 24 years working in healthcare and through the Covid/Delta pandemic 😷(Essential worker) earning a good income; then retired at 60 free of debt 💸 in 2021 with my employer matched and unmatched retirement accounts, my nice size savings and emergency fund; which will see me through at least 2 years of my expenses. Not to mention collecting my well earned Social Security benefits I paid into for decades. I’m thankful for all my blessings. Even in today’s volatile, inflationary economy, as a retiree I joyfully and successfully saved an additional $20K. Our family of retirees is gratefully blessed, thriving and enjoying a well earned comfortable retirement. God is providing. So no worries or fears here. Freedom, Abundance, Joy and Peace of mind. This is true wealth. In my early RT career, my brother who is a DJ commented “What you earn in 2 weeks, I can make in one weekend”. My response, “I have my Retirement, Healthcare, Vision, Dental benefits, (PSD)Paid Sick Days, (PTO)Paid Time Off and a steady income every 2 weeks. As well as collecting my Social Security benefits I paid into, when I retire. You don’t. Not to mention, when you are sick and can’t work, you earn $0, when you take time off/vacation, you earn $0. If you can’t get a gig, you earn $0”.😊 No retort from my brother. Today, I’m enjoying my retirement.
Quitting my job the last day of this year. Will be self-employed again in 2025. I'm good making extra income. I even did it a full year once and was able to live off what I made. My living expensive are super low. My house is paid off and taxes are cheap here. Going to obtain extra side jobs in 2025. I already know it's demanding, so will have no problem picking up extra clients for the new year.
I won’t advise someone who to quit their job for TH-cam. Key phrase that you said ‘making enough income for a sustained period of time!’. But on the other hand please be aware that people have different lives, a higher paid tech job vs horrible low paying job… people will jump at the opportunity of a better life.
Of course. I'm not talking about horrible low paying jobs. But even so - sometimes those horrible low paying jobs are what pay your bills. It usually takes a really long time to make money on TH-cam, it's not an actual option for most people.
I'm obsessed with this!! That starving artist lifestyle has been too romanticized 🙃Artists deserve stability and retirement and benefits and all the things too, I'm so happy you have found a way to have both!
I could never be an entrepreneur or work for myself. I like the job I have now and I’ve had it for a long time. The pay is decent the hours are flexible and I work from home. I also moonlight on the weekends as a CNA clinical instructor for extra pay. If I pick up 4 shifts that’s an extra $1,000 a month. I don’t want to have to figure out my own taxes etc. I like when I log off at the end of the day or leave the facility- I’m done. 😊
Yess this makes me so happy to hear, love this for you! Being able to just close your laptop or walk out of the office and not having to think about work anymore is amazing.
I think this perspective comes from having access to great jobs Plenty of people don't get sick pay, retirement benefits, or healthcare any way so the risk is more than worth it. (Ex. Service workers)
Totally. In that case, I get it. Pay, benefits, conditions need to be improved dramatically. And for people in the situation you described, they should have ZERO loyalty towards an employer. Put themselves first, whatever that looks like, hustling or working towards multiple streams of income or upskilling, and getting out when they can. We owe companies nothing.
Exactly! Lots of corporate shills in the comments section talking about how they love their jobs with their fancy 401Ks, pensions, sick pay, healthcare, etc. They out of touch, and don't realize most of us don't get none of that in the first place LOL. Corporate shills want you to believe you're a fool for quitting your crappy 9-5 and try to get you to believe that you have no chance of succeeding outside a 9-5. Companies want a large pool of desperate and willing participants to pick from. It's all about having leverage.
You know what else bothers me? When people say "I don't want to be part of the 'rat-race'" when quitting their job for social media. You're going from being beholden to your corporate boss to beholden to an algorithm.
And also the thing that I see especially now are people in their 30s and 40s making videos about how they’ve figured out the TH-cam algorithm and now is the time for people in 30 and 40s to make TH-cam channels but then people quit their main jobs start a TH-cam channel expecting it to take the place of their main job. I saw somebody that was in their 50s and they only worked part time but they wanted the TH-cam channel to take over the part-time job. They were able to get monetization and the first paycheck was decent so they thought it was always gonna be like that and it wasn’t it got smaller every month you gotta think of TH-cam kind of like royalties in the movie TV and entertainment industry that one viral video will not stay like that forever.
I mean, sure, but we all have to make a living no matter what. Work 40 hours a week for someone else or work 80 hours a week for yourself. Some people would rather do the 80 hours if it means they're never punching a clock for someone else and that's fine! They are entitled to that. This is about people suggesting or implying that entrepreneurship is somehow better or a pathway that most or all people should be pursuing. Which is wrong, in my opinion. And a lot of people DO argue that you can't make a good living or build wealth working for someone else, which is also just wrong.
Couldnt agree. I've been at a corporation since 1999 and get paid well. Always dreamed of being self employed, but the older I get, the happier I am with my 9-5 stability. Tried reselling and Etsy for a few years on the side. I was successful at both but made much less than at my real job and you ALWAYS have to hustle 24/7 when self employed like that. The internet buries you quickly otherwise. Stress!
@@yve2626 thank you for sharing, I love this so much! I totally agree - as I've gotten older, I just appreciate the stability and the fact that I can do fun side hustles if I want to but otherwise, my day job pays me well and lets me have my nights and weekends to chill, bake, play guitar, work on TH-cam, read books, work out, go the beach with my dog, see friends. It's not a bad life ☺It is crazy to think how MUCH you'd have to sell on Etsy to replace a day job!
I really want to quit my job. But I haven’t done it yet. I am training to switch careers but I want to wait until I’m closer to finishing my training before I quit. I don’t necessarily need to have the next thing lined up to quit. I know it’s not the smart move but I’ve been working night shift for the past 10 years and I’m just tired. This past year has been the hardest year, at my job. Could it have been worse, yeah. I just feel that I need to take a short sabbatical. I have very little responsibility (no kids, no pets, etc) and very little debt (around $6K) that I’m in the process of paying down. I could pay it off today if I wanted to but it’s important that I continue to put money aside in case I do decide to leave my job. I’ve seen dough dash she sure did blow up from trash talking jobs 😂 I don’t currently watch her content.
Ahh I love everything about this comment. You are doing everything right 👏and I get it, when I was getting toward the end of my bootcamp, I quit my job before I finished bc I was just so done. But it sounds like you are planning ahead and being so thoughtful about everything, I have no doubt you are going to have so much success. Wishing you all the best with your career change!
People like dothedash are coming from a sweet place. They want to put their subscribers on but the fact is, if everyone tries to do that, it will just oversaturate things further and cause creators who do make it to get paid less and of course even more will not have their videos seen at all. It's really just a case of right time right place
This narrative and the doomsday self-defeating way it's discussed absolutely upsets and scares me. As someone who has a 9-5 and is doing very well, I am baffled by people promoting this view point. I am planning on creating a TH-cam channel but I have no intention of leaving my job. I am well aware that quitting your job for unstable income is not conductive to good mental health. My stable check with benefits better than most western European countries that causes me no stress now that am not talking myself into depression just because I have to work a well paid job... yeah no, am not going anywhere.
Excellent points you raise. Sadly, a person like Dough Dash who literally just make videos with a grimacing face every five minutes posting photos of her ad revenue sell that ANYONE can do it and it's really just the oldest trick in the book. It's the same as all the ads I get for years - promoting some get rich quick thing that only costs $300 one time payment to learn about. Sometimes, just selling a dream is all someone needs to do, but I agree that there will be endless people that try the Dough Dash route only to see zero traction because people will only watch so much content like hers. To be fair, she is good at the OMG (cue face grimace) pan to youtube revenue for the last 7 days snip formula. It is somewhat hilarious to watch them and does offer some entertainment for some reason. And the algo probably just laps up her videos because they promote youtube - it's rather good content for youtube - someone promoting the very platform they're on. Free advertising!
You get money, you spend money, you stress about money, then you die with no money. Trying to “get ahead” in this world is pointless. Even Elon Musk and Jeff Bezos have problems. It’s all about the problems you want to have.
Hypothetically, what if the whole world became doctors? Where would the patients be? Do what makes you happy, as long as it does not negatively affect others. We need everybody. Find another way of income. God bless.
I’m concerned Dough Dash puts her financials out for public consumption. She could have gone about that differently, she doesn’t know the people who view her channel, it best to keep it to herself…
+1 for being a contrarian, but I'd say that this is incorrect. It's not so much that being a content creator is a silver bullet (it's not) or that that is the only kind of entrepreneurship (it's not). The problem is that the 9-5 is probably heading to a collapse and people are sensing that. Mind you, 9-5 is a relatively modern concept, it didn't exist before the late 19th century, and before that the vast majority of people were entrepreneurs of some sort. Craftmen, laborers, professionals, tradesmen, etc. The peak for corporate jobs was the 20th century, and it did have great perks at one point, and you could move up the ladder, and you worked there for life. The company took care of you, because there was a basis of mutual respect. Today? Nope, not only the wages are a lot lower, but you don't mean anything to your employer. The moment they can automate your job or outsource you to India, they won't hesitate for a single second. Ironically, I'd say that today, there are more stable and reliable ways of making money that working in a regular corporate job, and it's going to get worse.
Companies have never cared about their employees. It's always been a business transaction. The provision of pensions might have given the illusion of loyalty but companies have always ruthlessly laid people off the second they needed to and not lost a moment of sleep over it. And I'm not suggesting people should have company loyalty. What's more stable in your opinion?
@@kateismostlygoodwmoney Of course, but today is more ruthless than ever before. And this being the case, I'm not sure if there's any actual comfort long term. You get used to a stable paycheck and "perks" and lose sight of the actual fluctuations of real life, which is dangerous because once you get laid off you're left with nothing. You've invested all most of your valuable time into something extremely fickle. Now, I'm not suggesting all the "cool" entrepreneurship stuff, I agree that's a trend and not sustainable. But my goto example of old school entrepreneurship would be my in-laws who own a small convenience store. It's boring, predictable, stable, but they actually own it and can sleep at night.
Bravo sir you actually get it. I believe that many of these people with high-paying 9-5 tech jobs have a false sense of security. Like you, I believe most of these folks will get laid off and get replaced by cheaper labor sometime in the NEAR future...then eventually get replaced by AI/automation in the long(er) term. Tech jobs are vulnerable to this and it makes sense from a business standpoint. While it's true that companies never cared about employees, they were at least more compelled to offer perks to employees cause back in the 20th century the employees had more leverage on their side. In many ways, I see working a 9-5 these days as a risk as they will not hesitate to drop you like a sack of manure. A 9-5 is NOT inherently secure like so many believe. I'm starting to notice a new trend of content creators trying to discourage other people from being content creators and talk them out of quitting their 9-5 jobs. I want to believe that they are doing this in good faith but part of me believes that some simply do not want more competition LOL. I believe some Left-leaning people are afraid of more people getting into entrepreneurship because they think that it's inherently rightwing (IT's NOT) to be a business owner LOL. If you're a leftwing person why would you want all the future business owners to be on the right? Makes no sense to me. Like you said an entrepreneur can be someone that offers something that benefits society. Too many people these days equate entrepreneurship with content creators. All these people encouraging more people to work 9-5s are just playing into the hands of the establishment...this just increases the labor pool giving the companies the upper hand. During Covid when there was a labor shortage companies actually started giving raises to people for a change.....HMMMM 🤔
Wow, has anyone ever told you, that you look almost exactly like Maggie (Lauren Cohan) from the walking dead TV series. I seriously thought you were her.
@1:45 ... There are many ways to become rich, but definitely not as an employee. #Retirement Only 2/3 of the population makes it to the retirement. The rest dies before. #9-6 All of us are tired of that treadmill. If we want to change, we need to quit that system. That does not mean that our society will collapse. It will be different.
I know people who are multi-millionaires in their 30s, 40s, and 50s from being "just an employee". Is being a multi-millionaire enough? Stats for US, UK, Canada, etc are that 80%+ of people make it to retirement age. I live in Canada so that is my lens. The vast majority of people here will make it to retirement. Nobody knows who will live that long, but I'd much rather invest a small percent of my salary and turn 65 as a millionaire than do absolutely nothing because I might die young and in all likelihood, still live until 65 absolutely screwed because I haven't saved. I mean, yes. We're all tired. Currently, I live under capitalism so that is the system I am going to plan and work within. Good luck.
@kateismostlygoodwmoney I doubt you know employees who are multi-millionaires. Statistically it is impossible to save and to become rich. The exception might be CEOs, who are employees of their company, too, but have a multimillion income. We have left capitalism after 2007. We live in a socialist world governed by five(?) tech companies. That system wants to enslave people. Making it from a dishwasher to a millionaire was pure marketing from the very beginning. Wealth was built over several generations. Bezos, Gates, Zuckerberg ... none of them was poor, when they started their bizzness.
We can discuss the definition of rich of course, but it is possible with a 9-5 even without getting into management. You really have to start early with saving and investing and being disciplined around money. Small businesses fail all the time - have a friend who tried in his degree field and he got a steady income for quite a few years and then he couldn't fast enough invest in the new ways required - at 40, he had no savings, no retirement and started a corpo life.
@dacat8171 It is not statistically impossible. I didn't say making a multi-million income, I said became multi-millionaires. You can become a multi-millionaire being a lawyer, a doctor, an engineer, a big 4 consultant, a psychologist, an agent or manager, working in finance, oil and gas, marketing, brand, sales, product, this is literally just off the top of my head, the list goes on. Will everyone who does these jobs become a multi millionaire? No. But you're saying is that it's impossible and that's just wrong. Many employees of tech companies - who work in countless different roles like IT, product, marketing, etc - can make multiple six figures of salary AND get a shit ton of equity every year AND get big bonuses. If you are a great salesperson, it's crazy how much money you can make. University professors in Canada can make multiple six figures. Deans make more. We haven't even gotten to C-suite of corporations. But C-suite even in non-profits will also make multiple six figures. It doesn't take that long to become a multi-millionaire if you are making 300, 400, 500K or beyond a year and doing basic investing. I hate bootstrapping narratives as much as anyone and that's not what I'm arguing at all here, that's a totally separate conversation.
What kind of retirement system does TH-camrs have. They better prepare. Unless you have great content and it’s reliable, it’s best to get a job with benefits. All things are possible through Jesus Christ
@ Somewhat lol.I spent 24 years working and managing a ranch.I also work for a company running fiber optic cable for 15 years.The ranch owner and I are like family after working together for almost a quarter century.I inherited his ranch when he passed away and many millions.Sometimes plan c becomes plan a, amazing how things work but I think being a good person is the most important trait.Intelligence comes second.
I mean, I don't think so but I'm also not going to give people pep talks about capitalism bc it's legit horrible. If you feel trapped, I can understand why. But I also think working towards a situation where your work is at least more enjoyable and balanced and realistic and sustainable and achievable for you and your life is possible (and also fighting to change the system, advocating for better pay and conditions for all, etc). And fwiw I have absolutely no plans to do this until 65. There is just no way.
Ok Kate so I totally hear what you're saying. I agree about the doing two things at once --> diversifying your income streams so that if one falls through you have other means to fall back on (but also investing is actually really important). I feel like the pro "go for it/become a content creator" rhetoric is moreso about following your aspirations. So (too?) often we hear about people who stick to jobs that keep them miserable and with these technological advances there are so many new opportunities available now. Eg.: a social media manager is something that definitely wasn't around when I was a youngin' (😅 aging myself? lol) This younger generation is doing things differently. Eg. Where millennials might stay loyal to a job for years, his new gen will hop onto the next one in the blink of an eye. It's almost like a fearlessness? And while I agree, one should totally dot their i's and cross their t's, and have a plan, to me the convo is about fear and risk, and at what point are you willing to decide that it's worth just trying/taking a leap of faith? So yes, having a plan + being strategic is of the utmost importance but I do hope ppl continue to DARE. Hugs Kate 😘 -- Dani
Yes love this counterpoint and I absolutely hear you. I would completely agree that too many people stay complacent for too long, it it just scares me when I see rhetoric that is like oh if you're not happy for a few months, just quit and I'm like NO! 😂 But there are so many possibilities and ways of making it work now - if you are willing to hustle, work hard, do gig work, the possibilities are endless. I just don't want people to bail with no plan but I think we get each other 💗 thank you for your comment, I love dialogue about this and I think I can probably be TOO risk-averse sometimes so it's good for me to hear this POV as well.
SERIOUSLY!! I quit my job and have been a full time youtube creator for 3 years now but omg I don't recommend it for most people. It's much harder and stressful. I shared a video recently on my business channel that it's not a good idea. Most people should not quit to do this because it's definitely easier to just have a regular job.
Wow I'm fangirling here, I love your content so much 💓 thank you for sharing, it's so important for people to hear this from folks like you who have had so much success with content creation and still acknowledge just how hard it is!
Finally!!! Someone who’s not afraid to speak up. Big ups Kate. I’m not leaving my job, at least not yet. I absolutely love my job so why should I just leave that behind to hustle constantly with all the pressures and risks involved. This is a really dangerous “trend”
Yes I love this so much!! 💗
I agree 100% with your statement. Growing up my father was self-employed and had a real estate development business on the side, which I was involved in as a teenager. Believe me when I say this, being your own boss is not for most people. Not only did my father work every single day, but many times, there were dry spells where the paychecks weren't as consistent; my family went through periods of hard times, as a result. Unlike a 9-5 which provides a predictable paycheck, vacation time, and days off, an entrepreneur's lifestyle does not involve having days off. You are working ALL THE TIME. If you read The Millionaire Next Door, a book written in the 1990s, it analyzes and does a breakdown of self-employed people and their lifestyles. The book states that the vast majority of self-employed people do not end up making mega bucks and most break even, at best, to provide. Lastly, most businesses fail within the first year of starting (I think close to 80% of business start-ups). Yeah, this "trend" is a giant grift. Anybody who has been in business for themselves knows that manna does not fall from the sky into your lap; TH-cam content creation is no different.
Nice video - wise advice. My corporate job is becoming soul destroying - it’s not the work, it’s the people. I want to work for myself with my own brand one day, but financially can’t quit my job right now. I have decided to aim to up-skill, develop a side hustle and save up so I can be in a position to quit my job and work for myself within 3 years. Good luck everyone
See, this is the way - amazing! 👏Wishing you all the best
I totally endorse this message. I'm an impulsive person but, I always reason out when it comes to quitting my 9-5 job, I enjoy stability and until I have that sorted out, I just can't jump out. Thank you for confidently voicing this out.
Smart. Wise
Wisdom. Be smart. Be wise
I understand the advice of having a side hustle, something an employer can't take from you, don't solely depend on your employer. I am in that spot now and trying to think of a side hustle I would enjoy.
Totally agree! I think it's a great idea to have something that just belongs to you, your own personal brand or side business. This is definitely part of why I started TH-cam even though I have no intention of ever taking it full-time.
i know it’s so not in vogue but i love my corporate 9-5 hahah give me a steady paycheck and benefits please & thank you
Exactly I'm just here for the 4% match and free massages, thank you, carry on everyone! 😂
Good for you!
Same😉❤️
The most reasonable choice! I envy you could find such a job.
Thank you for telling us the truth and for also outlining what you, yourself did to transition.
It's where our society is now a days. It's all about social media and instant gratification. I worked for large corporations my whole life and am preparing to retire at 57. Not rich, but have enough to retire comfortably. Sure there were a lot of times I just wanted to walk out and there are things that I hated, but I knew that in the long run it would pay off. And here i am. Short cuts don't work. Even youtubers that are successful put a lot of work into it.
Love it and congratulations on your retirement! Agreed, becoming successful on TH-cam is so much work, I make a few bucks from it and can't imagine relying on it for income, I would be too stressed!
Completely agree with this.
So glad this video popped up in my feed! Just subscribed. I'm a writer, freelance editor, and aspiring "creative entrepreneur," and I've also had the privilege of being a SAH/homeschool mom for the past decade, too. But a couple of months ago our son started attending public school, I started working for the school system, and it's been really great! However, just yesterday I ended up taking a personal day. I know how this is going to sound, so please forgive me, but the reality of not having my "free time to create" anymore hit me hard, and I was just really, really sad about it. I even briefly thought about quitting, but knew I wouldn't/couldn't actually do that, at least not right now. The financial stress wouldn't be worth it. Like you said, working all day for a steady income that helps us pay our bills doesn't actually rob me of my ability to create; it FREES me to create because I'm not stressed or worried or feeling guilty! Sure, the dream and goal is to be a full-time writer -- and maybe that'll happen eventually -- but maybe it won't. Or if it does, it might end up looking different than how I imagined it looking. So...I had my little "woe is me" moment, got it out of my system, and now I'm good and getting ready for another day at a job I genuinely enjoy going to. It's a privilege to have a job at all right now, and I'm grateful!
Amen I love my 95 job. I’m a debt collector and love chasing people down that can’t afford to pay their bills to pay off some five-year-old credit card debt is amazing. Going to work every day so fulfilling.
It depends on what type of job are you quitting, that makes all the difference.
I think a lot of people aren’t educated on what is required to be an independent contractor/start your own business.
I think there’s a lack of financial literacy regarding taxes, health insurance, retirement, investments into their business, and that they can’t just keep all of your profits.
Whatever decision people make, it needs to be an informed one.
💯I can't like this enough. There is so much that people don't consider when pursuing self-employment.
I love my 9-5 job (in the UK). I'm an engineer, I solve problems all day, get reliably paid on the reg, get paid annual leave, matched pension payments at 7.5% from my salary. I have reliable weekends and working hours, I have security. It's great.
Yesss exactly, love this for you 👏
Absolutely agreed. I was on a warpath of quitting my full time job to pursue my channel 100% but I had an epiphany this morning and I am not leaving my great job. I get paid very well, I work 4 days a week, I work from home, I have freedom and flexibility, great health benefits, and so on. I love what you said about doing the content thing over time and building that up while maintaining the full time job. Great video.
Thank you! Finally, someone willing to address the proverbial " elephant in the room": everyone can't be an entrepreneur, everyone should not be an entrepreneur. The reason they trash 9-5s is because it's popular and gets them views!
I'm all for starting a business, I'm doing it myself. But you should start a business because you genuinely have something to offer the world that you cannot do with a W2 job. Otherwise, it's perfectly ok to go to work and get a check.
Remember: if your business is not profitable, you're still broke!😂😂
Exactly! I love how people act as if starting a business is a cheat code but I know quite a few people who have really struggled to make ends meet as business owners, like just being able to pull an actual salary can take years. Good luck on your business endeavours, you've got this!! 💪
The reason they trash 9-5’s is because most people hate their 9-5 and don’t get any fulfillment from their mundane jobs. The idea that working a 9-5 for 50 years just to save up for retirement is the ideal path, is soul crushing for most people. Then for younger generations you had the 2008 financial crisis and then COVID, constant inflation, wage stagnation, student debt, broken healthcare system, young people are rethinking what’s really important in life. Baby boomers kind of screwed everything up for the younger generations.
I haven't even watched the whole video but I completely agree with you. I basically wrote the same thing on another platform. I think this "quit your 9 to 5" is dangerous advice because each person's financial situation and personal setup is so different. Often creators won't tell you that they are supported by their spouse or their parents while you, the listener/watcher, may not be. This is such a complicated topic. Thanks for covering it.
Exactly! Most (if not all) of the people I know who have started a small business, became self-employed or became a content creator have either 1. built it while working full-time or 2. have family money (ie a trust or inheritance) or were partially or completely supported by a parent or spouse during that time. And honestly it's mostly the latter. Because it's really hard to build something nights and weekends when you're already working full time! Nothing wrong with having family support whatsoever, but just please don't sell the dream to others if you have someone else paying your bills. I really appreciate the many people in the comments acknowledging this very thing.
@@kateismostlygoodwmoney Completely agree. I lived in NYC for a long time and I used to see this a lot.
Love my 9-5. My parents were entrepreneurs and all I saw was struggling. No savings. Nada.
Yess I am so happy you love your 9-5 and hopefully have more stability too, you deserve it! 💜
I fell for that advice. I didn’t quit my day job but I checked out a long time ago. The truth is, I haven’t found my place in the working world yet (I shouldn’t be expected to-I’m only a year and a half out of college), and my current role is not a good fit for me. I’m part of a rotational program that could allow me to switch into a role I’d be more interested and fulfilled in, but I’ve also been placed on a PIP (as of yesterday) due to poor performance, which will prevent me from rotating into a desired role that I would be more driven to perform and work. I am waiting on results about a formal autism diagnosis that can qualify me for reasonable work accommodation. I definitely see the value in having and keeping a “9 to 5”, but if your specific role is taking a toll on your mental health and is a poor fit for you, staying at the job will do no one any favors, least of all you. Yes, I recommend staying gainfully employed, but not at the expense of your mental health. Protect yourself and your sanity, even if you have to go several rungs down the income ladder.
Agreed! I would advocate to stay in a job only for selfish reasons, not out of any loyalty to a company or because we should all just be good and loyal cogs in capitalism lol. The system absolutely sucks in many ways and I will be the first to admit that. If it's toxic or you are suffering because you are disabled, neurodivergent, etc, do what you can to gtfo. I really hope you are able to get your diagnosis and land in something that you are more excited about.
@@kateismostlygoodwmoney Thank you Kate! I wish I were able to push myself through the PIP without accommodation, but it simply isn't possible at this point (who knew engineers had to socialize with so many different people? That's one of the many things I didn't learn in college...or maybe they did mention that but it flew over my head. And now I know what work environments and type of work I can and can't handle/need accommodation for!). I've heard freelance work can be great for neurodiverse peeps/"lone wolf" types, but I also know the empowerment of being your own boss/brand/company comes with great responsibility, and ideally mentors to help you along the way. And a big reason on how I was able to get all my medical issues treated was the company I'm employed with. I hope my next role will be more fulfilling and something I feel more competent in and passionate about, just like you said!
Thank you! I run my own TH-cam channel as a SAHM. But my husband has a job that we have lived off for years with retirement and benefits. I have been super lucky with my growth and am monetized, but the pay is not reliable! And there is so much more that goes into it. So much unpaid time and effort. Hearing Dough Dash tell people to quit their job is stressing me out for those who would listen to that. 😅
I really like my 9-5. But I am also not in the US, have job security, raises a works council negotiates, 6 weeks vacation and very free options how and where I do my job. It's reliable, good income. I think finding the good employers is the biggest challenge, not the mode of work per se.
Well said. I couldn't stand working until I found remote work that let's me just stay at home. During the down time I can do all the things I would do if I didn't have to work - watch youtube videos etc - all while keeping the stable income. Remote changed everything for me.
!!! this big time! completely agree. i also hope the people quitting to go “all in” on things like content creation are still taking into account the basics like planning for retirement 😅and weighing the fact that if things don’t work out and they have to return to the ~dreaded~ 9-5, however long they were out of the workforce may impact how up-to-date their skills are, etc. even creators who “make it big” often have short career lifespans, similar to athletes - you may be set for 5 years, but then what? gotta plan for that possibility well
Omg this lives in my head rent-free, like when TH-camrs quit their day jobs bc they are making 300K a year on YT...but like, can you sustain that for 20 years? Cause then what?! And that's it, if I was out of my career for even a year or two, I think it would be incredibly hard to get back in. I could only see ever leaving my day job for content creation if I were FIRE 😅 I'm tempted to make a video about this now!
Great topic and video!
Thank you so much! 😊
Amazing video Kate well said 👏🏾
Thank you for saying this.
Not everyone is built to do a 9 - 5. I was let go from my job last Christmas having worked there for 2.5 months so I dont trust an employer to do right by me anymore. I uaed to have a permanent job years ago & the world didnt end when I left that job. Office politics & the people that work in those places can be extremely negative to a person's mental health.
I don't think we should trust employers. I also acknowledged that some workplaces and jobs can be toxic, and that people should leave toxic jobs.
But freelancing, working 80 hour weeks trying to start your own thing, haemorrhaging money trying to get a business off the ground, constantly chasing clients, not having health insurance or being able to go to the dentist, not having retirement or a pension, etc can also be very stressful and toxic. But people don't talk about that, they romanticize entrepreneurship.
If you have found another way to support yourself without working a 9-5, that's great! I think that's something a lot of people cannot, or do not want, to do.
im malaysian,im a construction worker & a part time forex trader..used to quit my job to persue the trader carrer but sadly it didnt work out and i fell to the glory & fam of it back then,now happily working again my 9-5 & doing my trade as it more secure since i have it both rather than only 1 income
I live in Germany and hustle/entrepreneur culture is not very comaptible to what it is in america, but its there and more and more people start dropshipping, coaching social media or brokerage etc. to become "independend". I would never quit my job because I can't imagine being any kind of happy to sell or do shit for people just for the sake to make money. I am a nurse so my job is very hard and in Germany not really good paid. But it rewards me in so many other ways because I know that what I do is valuable for my community and for me as a human. Doing things with a social and humanitarian impact gives me a kind of wealth and perspective that just having money makes away from you. But this is the kind of wealth we need more than ever in this day and age of capitalism and crazy senseless consumerism where most of the people are barely getting by and so fucking lonely. Selling Shit to them or selling an idea of a good life to them so you can make a ton of money and buy yourself out of every inconvenience is not just stupid but harmful and evil.
I agree with your message with the exception of calling working for someone else "A real job" - I think if you work for yourself and you can earn a living it is a real job. I own/owned a small business for 6 years and it was a "real job" because I had to go into the office every day, turn on the lights, open up and then at the end of 2 weeks I got a "real paycheque". So just because you work for yourself does not make it an "not a real job" - but I will agree with you that it is generally a bad idea to go and do that because I had to suffer for over a year before I got any traction.
Totally hear ya and that's why I used air quotes the first time I referenced because I don't actually think that, but I do think that's how it's perceived! But I def should have continued that throughout or just said a traditional job. Working for yourself is 100% a job! And I actually think making this more clear to people is helpful - when people imagine working for themselves, I think it's so romanticized now and they almost perceive it as "not a real job" but people would really benefit from hearing stories like yours where it's like nope, still had to go the office, switch on the lights, and hustle. Thanks for sharing and appreciate you mentioning this!
The new phenomenon and great awakening among young people is that you are an idiot if you are working.
They feel that life is way too short to be in the machine and work for the system and getting screwed and abused.
I'm an old guy and I think they have a damn good point.
I'm a millennial. I get it. But if you are an idiot for working, what is the alternative?
@@kateismostlygoodwmoney Buy real estates, gold and bitcoins. lol. I'm just joking.
@@kateismostlygoodwmoney Finding an avenue of income that is self reliant/work for yourself, use what money you do have after working for a bit then quiting in investments that pay you out over time, make money doing whatever you can outside of a part time job/your full time job till you can quit. No offense, the reality is, your work isn't as valued as it probably should be under companies today and the relentless fires that are put out with the common/minimal wage/Midrange workers aren't worth it anymore. They just aren't, sorry. I don't disagree with the idea that you need to work, or that work should be a priority/Being productive at something in life, but the reality is, working at places like this crush more then just your soul these days depending on where you live and what country because they now crush your pontetiality for more with financial income not meeting the needs, rent, groceries, utility bills, car payments, Subscriptions to health/necessities that're only going up while the disparity of pay isn't let alone anything extra for family or accidents that happen around you that you have to pay for. All of this culminates to, "Why would I work just to survive and not take a chance when I feel dead on my feet already sinking into quicksand?".
If you can't find a job you like, sure. But if you can find a career you like (I have) it's a nice to have security in my job doing what I like all day.
Not sure I'd feel the same if I lived in the states though. I live in the UK, and we get plenty of annual leave and stuff.
@@Elspm I'm happy thats the case for you in particular and I imagine a small majority, again, depends where you live, what income your making for the necissities you're going to have to pay out for that, it's a lovely thing when you can attain what you have, now ask yourself how many people in the UK feel that way is the question, take yourself outside of your environment and experience. That's what I'm doing rn.
Hey Kate, so this video came up in my TH-cam and how enlightening it is for me lol. I'm a work from home 9 to 5er with two teenagers and a partner that makes more money than me (which is great by me---proud of her and her abilities she's my rock). I'm interested in doing something on TH-cam but would never quit my 9 to 5 because well I know it's needed for a variety of reasons. It's not my dream job (it's not really the worst job either) and really I've always wanted to do a podcast or TH-cam channel just for fun--to scratch an itch or fulfill a little part of my life (the creative side lol). I think when it becomes something that you NEED to make an income out of---I'm not quite sure I could do that---I'm a college radio/journalism guy so really I appreciate this kind of message!
Yes, most people spend their younger years following a path to get a 9-5. The skills required to be a successful entrepreneur are very different. It is horrible to see some TH-camrs running multi hour livestreams encouraging people to quit their job. Thank you Kate for this video.
I would never quit my job I just couldn't do it. I like that someone else is handling everything for me and all I have to worry about is my normal everyday life stuff.
Yes I feel like that part of it is so underrated!
I see the same.... its pretty scary.... being an entrepreneur is a greuling job. 24X7.... stress...
Imagine going from 1 boss to all the viewers being your boss & all the hate... & HAVING to create videos weekly... that do keep getting views..
Id rather chew staples sprinkled with sawdust that having to rely on views for my daily bread...
😂😂 amen to that! As a content creator, I feel like taking it full-time would immediately crush me because you're right, then the the audience is the boss and you're subject to the whims of the algorithm. I think that's part of why TH-cam ends up feeling so stale because everyone is chasing views, so creators research trending topics, and then all create different versions of the same video with the same title and same thumbnail and then the content just feels...blah. But people have to do that because that is how they are making their living!
Yep, it turns something that could be a hobby into a constant grind - 24x7 thinking about your videos, why some get views, what topics might get better views etc.
Too late! My 9 - 5 quit me and replaced me with AI automation this week. True story! Pretty comical that this video shows up in my feed two days later 😅😂😭
Omg noo!! I am so sorry to hear that 😭wishing you all the best with whatever comes next!
Yeah I always thought it was interesting when those videos popped up. In my head I’m like “you realize that someone has to be in charge of all these platforms you use and the sponsors that give you money, right?” It feels so out of touch with the majority reality
YES this does not get considered enough. We can't all sling Amazon affiliate links online, we need like electricians and teachers and stuff 😆but even beyond that, to your point, we need ad tech, marketing, brand, product people, software engineers and developers, AI and ML and data folks - all the people who build and sustain the entire platforms we create on!! Such a fantastic point.
I quit mine 3.5 years ago and have never looked back. To think about going back to a 9-5 literally gives me chills up my spine.
That's great, you've obviously been able to provide for yourself the last 3.5 years without a 9-5, congrats!
@kateismostlygoodwmoney I don't have any other choice 😅
Something I've learned from working several 9-5's is there are 3 levels or 3 types of jobs.
1) A job you HATE. Usually the work sucks, the pay is low and co-workers and bosses are annoying, toxic culture. A job you dread going to, but you go cause you have to pay bills.
2) A job you LOVE. The work is enjoyable, pay is great, cool boss, fun co-workers, great culture, etc. These are the kind of jobs where people actually wake up and look forward to their day.
3) A job you can TOLERATE. This seems to be where most people fall in, and sometimes stay long term. The work is sometimes fun, but not awesome and not bad enough where you hate it. Pay is not great, but it's enough to pay bills, and live a normal productive life. Your average or above average job.
For those who say they can't do 9-5. I can guarantee you their last few 9-5 jobs fell into the HATE category. If they actually had a fun job with great pay, they wouldn't be complaining.
9-5 isn't for everyone, but being an entrepreneur is not for the majority. And being and entrepreneur takes a hell of a lot more work to be successful.
It’s really as simple as not counting your chickens before they hatch. Job should be your main focus, entrepreneurship should be your gamble. If the dice roll in your favor, feel free to quit your job. Important thing is to at least see some traction before your blindly quit.
Totally! I think some people are so eager to get out of their current situations, they jump too early. Definitely not opposed to taking the plunge when it's well thought out!
The audience this advise is typically aimed towards is for people such as myself where we make more than our comp plan account for in lieu of a salary. Typically think about sales people, some construction or service workers, or marketers. Most people who want to be TH-camrs or influencers don't realize they are realistically desiring to be marketers and the face of the brand they represent.
I think it comes from the fact that a 9-5 does not work for a ton of people. Neurodivergence, rising cost of living, constant threats of layoffs, dissatisfaction with life. Looking at America over the past 50 years, lets not act like there aren't valid reasons to have greater control over your income.
I understand where it comes from. I'm disabled and neurodivergent. I'm a Millennial that graduated right into the Great Recession. My argument is that for many many people - who have no knowledge about what becoming self-employed actually entails but have been sold a dream that only includes the positives of entrepreneurship - it will in fact NOT give them greater control over their income and is a huge financial risk that many people are just not prepared for.
Too late but thank you😭
I’ve also had several career changes in my adult life. Went from being a cosmetologist/nail tech to working at a mortgage company, and now I’m in forensics. lol. I don’t wanna change again but this field will not make me rich that’s for sure.
Oh my gosh, you have such a fun career path, I had no idea you worked in forensics, that's so fascinating! I think I am also over career changes at this point 😅 you hit a certain age and it gets harder and harder to start over lol
What I fail to understand is how YT advertisers can possibly support the entire population with ad revenue. Is THAT why everything has doubled in price over the past few years?
Imagine being despective to people because they work, come on
My advice is do work what you like, take the initiatives. Have Grit. Don't let corps kill your passion if you gonna be an employee, switch to places that treat you right. Being TH-camr or anything isn't easy, know the pain points and knowing how evaluate risks and rewards which schools don't teach.
Exactly!! Have grit, be flexible, learn new skills, be ready to job and career hop if you aren't being treated or paid right. Yes yes yes to all of this, you're spot on.
And don’t forget TH-cam can turn your channel off or cancel your account at any time.
Till then 😂
I rather make 40k dollars per month then make 20 dollars per hour. I love luxury stuff & having lots of nice things. I don’t like being average or below average. I love nice things
Then you should start crypto investments
Thank you
I have a side hustle that I believe could cover my expenses if I took it full time, but I still haven't quit my day job yet. This also despite having 6 years worth of living expenses in savings too.
Wow this is so impressive - bravo!! 👏
@kateismostlygoodwmoney Thank you! And thanks for your video
Quitting your job seems to be a bit of a trend just like living in your car. It's not for everyone through.
I always found the people quitting their stable jobs with no strategy reacting emotionally rather than realistically. Like do the side business and your stable job until the side business makes enough. Some of these people are making money by selling a dream as well with their scam courses.
Exactly! I feel like a lot of these creators are telling people to just manifest it or believe in yourself and it will all work itself out, and then monetizing this dream that they are selling people. And people are (very understandably imo) exhausted and disillusioned under capitalism so they buy into the dream.
Yes. This. This message is also on pretty much every podcast episode anymore now. I wouldn't mind working for myself in some capacity, but the thought of working a job without benefits is pretty unappealing. I have great benefits that are worth thousands of dollars per month, and a few of them are very tax-advantaged. Also, the routine of actually getting out of the house and going somewhere is good for me. I think there's a lot of conditioning regarding the 9-5 being a grind. It's not like that for everyone. My little baby channel is monetized, but I have no desire to turn myself into a brand. Any content I make that is not completely and authentically me is unacceptable. I create content because I love it. I don't ever want it to feel like a job. Eventually, I think I'd like to get to the point where my income is 75 percent W-2 and 25 percent side gigs/passion projects. I just don't see myself not having a W-2 job.
Thanks for the channel mentions. I might have to check out some of these.
It's so good to hear from another small monetized channel that feels the same way I do! Love that we can both create freely ☺ and totally hear you on the 75/25 goal eventually, I have had similar thoughts like it would be rad to maybe eventually go down to a 4 day workweek and use that freed up time for youtube or other passions! Can't wait to check out your channel 💗
They are making those videos because that's what gets clicks. People escape into those fantasies.
Yea you're absolutely right.
I’m grandfathered into a defined benefit pension that I am less than 10 years from. I don’t care how much I can make on TH-cam.
i quit my 9-5 and work part time. never going back to 9-5 just cant do it anymore, too much
That's totally fair, if you can support yourself on a part-time job, that's amazing 💗
I was laid off. But before that, we didn't have any STO, the only thing our company provided was ptos
Ugh I'm so sorry, the layoffs have been just awful 😭wishing you all the best with whatever comes next!
I've considered starting a TH-cam channel, but then don't know if I really want my face out there on social media like that. (I do have FB, but don't post often). I'm the breadwinner for my family, and also carry the insurance. It would be highly irresponsible of me to quit my job and start something like TH-cam when the financial hardship would surely endure. And quickly. My husband doesn't earn enough to carry us. If anything, I'm more worried about losing my job than to start a TH-cam channel to earn money. I think most growth on TH-cam takes time. Every now and then, someone grows quickly. While I don't particularly care for my job, it's 100% remote. I have the flexibility to leave if I need to run to the school for my kids, or the doctor, or just to take a quick nap. I don't worry about the weather or clothes for work, etc. At 54, I'm not looking to jump on the next band wagon. It's too salemany like when it's the 'you can earn money on TH-cam easily' gimmick. I always tell my daughter though that it would be fun to start a channel with her and I and how we view life from a teenager's perspective and a women in her 50's. Who knows.
I love this so much. Agreed, I think working remotely has given me so much flexibility that it gives me a lot of the work-life balance that I was craving. TH-cam does take time! I monetized my channel in about 8 months, but the average it takes is about 2 years 😳it's definitely a long game but I love the idea of eventually starting a mother-daughter channel!
...also i just early retired... from a career in corp america... fantastic salary huge bonus . 8 Weeks pto.... 2 pensions... 6% 401k match ... profit sharing...deferred comp plan...
.. free health insurance and a wonderful severance package for fully funding r my early retirement...
Corp america & saving investing... made me a multi millionaire...
Nothing like it...
THIS. I always laugh when people act like you can't build wealth with a 9-5. Congrats on your early retirement, sounds like you had an amazing career 👏 and that's really inspiring to me so I appreciate you sharing! I have some videos on FIRE planned in the new year 😃
I'm in the same boat, 26 years to go. 😭 The only thing is you got to do that for like 30 some years dealing with people mean nothing to you on things mean little. Definitely gonna become multi-millionaire assume SP500 doesn't turn into Nikkei 225... or Fed bankrupt or OASDI dries up 🤞
Dough Dash got caught in a lot of lies and I don’t see her channel sustaining that level of success… and I love my 9-5 (paid vacations, sick leave, retirement, health insurance, cost of living raises, and the ability to advance… and best of all a consistent reliable paycheck) I am ever so grateful for it. I don’t think I’d ever leave even if my TH-cam got monetized and did well.
I agree about Dough Dash😬she has not built sustainably and she's eroding the trust she had with her audience by selling subpar products (after saying she would never sell anything). It just starts to feel scammy and it's not playing the long game. Love that you love your 9-5! 💗
@@kateismostlygoodwmoney I switched careers and then I switched around different nursing jobs and found one I absolutely love ❤️
If everyone was a content creator, there would be nobody to run the world around them 🤷🏻♀️ I like my job, but I also know I will never be able to retire even though I make decent money, so sometimes I wish I could do TH-cam on the side or something else but idk. I did a few videos like 10 years ago about makeup and fashion hauls, one of which was actually kind of successful, but it was so awkward for me and too expensive of a hobby.
Exactly! I love having nurses and baristas and teachers as part of our society, it's great 😂 ooohh you should totally revisit YT! I would sub in a heartbeat. As much as I think it's so hard to make a full-time living from it, I think it's perfect as a side hustle and totally reasonable to reach a point where you can make $200-500 a month from it. Though you really have to love it, it is definitely slow to build that following and can feel very cringe haha so I completely get it 💜 maybe decluttering/simple living content?!
God 1st, always. Happiness is innate. I never cared what people think about me. I’m happy to share. A retired woman(Boomer) here. Happily Debt free. NOT broke. NOT struggling. NO stress. NO regrets. Living frugally and being a minimalist, saved my hard earned money. 💰 I’m a saver. NOT a spender 🤑. I enjoyed working 10 years in the Graphics field(my 1st career); until my 3rd layoff due to company loss of contracts and revenue. I then earned my degree, passed my state licensure board exams and required certifications, became a (RT)Respiratory Therapist(my 2nd career), busted my butt 24 years working in healthcare and through the Covid/Delta pandemic 😷(Essential worker) earning a good income; then retired at 60 free of debt 💸 in 2021 with my employer matched and unmatched retirement accounts, my nice size savings and emergency fund; which will see me through at least 2 years of my expenses. Not to mention collecting my well earned Social Security benefits I paid into for decades. I’m thankful for all my blessings. Even in today’s volatile, inflationary economy, as a retiree I joyfully and successfully saved an additional $20K. Our family of retirees is gratefully blessed, thriving and enjoying a well earned comfortable retirement. God is providing. So no worries or fears here. Freedom, Abundance, Joy and Peace of mind. This is true wealth. In my early RT career, my brother who is a DJ commented “What you earn in 2 weeks, I can make in one weekend”. My response, “I have my Retirement, Healthcare, Vision, Dental benefits, (PSD)Paid Sick Days, (PTO)Paid Time Off and a steady income every 2 weeks. As well as collecting my Social Security benefits I paid into, when I retire. You don’t. Not to mention, when you are sick and can’t work, you earn $0, when you take time off/vacation, you earn $0. If you can’t get a gig, you earn $0”.😊 No retort from my brother. Today, I’m enjoying my retirement.
Quitting my job the last day of this year. Will be self-employed again in 2025. I'm good making extra income. I even did it a full year once and was able to live off what I made. My living expensive are super low. My house is paid off and taxes are cheap here. Going to obtain extra side jobs in 2025. I already know it's demanding, so will have no problem picking up extra clients for the new year.
This is incredible! You sound super prepared and having low fixed expenses is a game changer. Congratulations! 👏
I won’t advise someone who to quit their job for TH-cam. Key phrase that you said ‘making enough income for a sustained period of time!’. But on the other hand please be aware that people have different lives, a higher paid tech job vs horrible low paying job… people will jump at the opportunity of a better life.
Of course. I'm not talking about horrible low paying jobs. But even so - sometimes those horrible low paying jobs are what pay your bills. It usually takes a really long time to make money on TH-cam, it's not an actual option for most people.
I'm a pianist, having a 9-5 means I can get the bills paid and do performances without going into debt. Alot of artists owe someone debt.
I'm obsessed with this!! That starving artist lifestyle has been too romanticized 🙃Artists deserve stability and retirement and benefits and all the things too, I'm so happy you have found a way to have both!
@kateismostlygoodwmoney I'd rather flip burgers or stock shelves to build business before being trapped by the music industry.
I could never be an entrepreneur or work for myself. I like the job I have now and I’ve had it for a long time. The pay is decent the hours are flexible and I work from home. I also moonlight on the weekends as a CNA clinical instructor for extra pay. If I pick up 4 shifts that’s an extra $1,000 a month. I don’t want to have to figure out my own taxes etc. I like when I log off at the end of the day or leave the facility- I’m done. 😊
Yess this makes me so happy to hear, love this for you! Being able to just close your laptop or walk out of the office and not having to think about work anymore is amazing.
I think this perspective comes from having access to great jobs
Plenty of people don't get sick pay, retirement benefits, or healthcare any way so the risk is more than worth it. (Ex. Service workers)
Totally. In that case, I get it. Pay, benefits, conditions need to be improved dramatically. And for people in the situation you described, they should have ZERO loyalty towards an employer. Put themselves first, whatever that looks like, hustling or working towards multiple streams of income or upskilling, and getting out when they can. We owe companies nothing.
Exactly! Lots of corporate shills in the comments section talking about how they love their jobs with their fancy 401Ks, pensions, sick pay, healthcare, etc. They out of touch, and don't realize most of us don't get none of that in the first place LOL. Corporate shills want you to believe you're a fool for quitting your crappy 9-5 and try to get you to believe that you have no chance of succeeding outside a 9-5. Companies want a large pool of desperate and willing participants to pick from. It's all about having leverage.
You know what else bothers me? When people say "I don't want to be part of the 'rat-race'" when quitting their job for social media. You're going from being beholden to your corporate boss to beholden to an algorithm.
yes say it louder 👏
And also the thing that I see especially now are people in their 30s and 40s making videos about how they’ve figured out the TH-cam algorithm and now is the time for people in 30 and 40s to make TH-cam channels but then people quit their main jobs start a TH-cam channel expecting it to take the place of their main job. I saw somebody that was in their 50s and they only worked part time but they wanted the TH-cam channel to take over the part-time job. They were able to get monetization and the first paycheck was decent so they thought it was always gonna be like that and it wasn’t it got smaller every month you gotta think of TH-cam kind of like royalties in the movie TV and entertainment industry that one viral video will not stay like that forever.
One of the main risks of being self employee is you don't get sick pay
Unless you have passive Income coming in.
I love being a full time freelancer I love being on laptop all day long 💻💻💻💻 I have a iq 135
And if your job is TH-cam, you’re EMPLOYED BY YT. If any of theses platforms go under, guess what…the paycheck stops, just like any other job.
Exactly!! 👏
The chances of a high-paying 9-5 tech job going away is much higher than a platform like TH-cam going away..so meh.
Travel to work
Work 9 to 5
Travel home
Not so much about the fact you “can” make a good living
The point is what are you missing out on
I mean, sure, but we all have to make a living no matter what. Work 40 hours a week for someone else or work 80 hours a week for yourself. Some people would rather do the 80 hours if it means they're never punching a clock for someone else and that's fine! They are entitled to that. This is about people suggesting or implying that entrepreneurship is somehow better or a pathway that most or all people should be pursuing. Which is wrong, in my opinion. And a lot of people DO argue that you can't make a good living or build wealth working for someone else, which is also just wrong.
Couldnt agree. I've been at a corporation since 1999 and get paid well. Always dreamed of being self employed, but the older I get, the happier I am with my 9-5 stability. Tried reselling and Etsy for a few years on the side. I was successful at both but made much less than at my real job and you ALWAYS have to hustle 24/7 when self employed like that. The internet buries you quickly otherwise. Stress!
Couldnt agree more I meant to say 😄
@@yve2626 thank you for sharing, I love this so much! I totally agree - as I've gotten older, I just appreciate the stability and the fact that I can do fun side hustles if I want to but otherwise, my day job pays me well and lets me have my nights and weekends to chill, bake, play guitar, work on TH-cam, read books, work out, go the beach with my dog, see friends. It's not a bad life ☺It is crazy to think how MUCH you'd have to sell on Etsy to replace a day job!
I really want to quit my job. But I haven’t done it yet. I am training to switch careers but I want to wait until I’m closer to finishing my training before I quit. I don’t necessarily need to have the next thing lined up to quit. I know it’s not the smart move but I’ve been working night shift for the past 10 years and I’m just tired. This past year has been the hardest year, at my job. Could it have been worse, yeah. I just feel that I need to take a short sabbatical. I have very little responsibility (no kids, no pets, etc) and very little debt (around $6K) that I’m in the process of paying down. I could pay it off today if I wanted to but it’s important that I continue to put money aside in case I do decide to leave my job.
I’ve seen dough dash she sure did blow up from trash talking jobs 😂 I don’t currently watch her content.
Ahh I love everything about this comment. You are doing everything right 👏and I get it, when I was getting toward the end of my bootcamp, I quit my job before I finished bc I was just so done. But it sounds like you are planning ahead and being so thoughtful about everything, I have no doubt you are going to have so much success. Wishing you all the best with your career change!
People like dothedash are coming from a sweet place. They want to put their subscribers on but the fact is, if everyone tries to do that, it will just oversaturate things further and cause creators who do make it to get paid less and of course even more will not have their videos seen at all. It's really just a case of right time right place
Totally agree. I think she was very well-intentioned but that it is still setting unrealistic expectations for people.
This narrative and the doomsday self-defeating way it's discussed absolutely upsets and scares me. As someone who has a 9-5 and is doing very well, I am baffled by people promoting this view point. I am planning on creating a TH-cam channel but I have no intention of leaving my job. I am well aware that quitting your job for unstable income is not conductive to good mental health. My stable check with benefits better than most western European countries that causes me no stress now that am not talking myself into depression just because I have to work a well paid job... yeah no, am not going anywhere.
Excellent points you raise. Sadly, a person like Dough Dash who literally just make videos with a grimacing face every five minutes posting photos of her ad revenue sell that ANYONE can do it and it's really just the oldest trick in the book. It's the same as all the ads I get for years - promoting some get rich quick thing that only costs $300 one time payment to learn about. Sometimes, just selling a dream is all someone needs to do, but I agree that there will be endless people that try the Dough Dash route only to see zero traction because people will only watch so much content like hers. To be fair, she is good at the OMG (cue face grimace) pan to youtube revenue for the last 7 days snip formula. It is somewhat hilarious to watch them and does offer some entertainment for some reason. And the algo probably just laps up her videos because they promote youtube - it's rather good content for youtube - someone promoting the very platform they're on. Free advertising!
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You get money, you spend money, you stress about money, then you die with no money. Trying to “get ahead” in this world is pointless. Even Elon Musk and Jeff Bezos have problems. It’s all about the problems you want to have.
Nobody said billionaires don't have problems? Money doesn't solve all problems, but it solves many.
Hypothetically, what if the whole world became doctors? Where would the patients be? Do what makes you happy, as long as it does not negatively affect others. We need everybody. Find another way of income. God bless.
I’m concerned Dough Dash puts her financials out for public consumption. She could have gone about that differently, she doesn’t know the people who view her channel, it best to keep it to herself…
+1 for being a contrarian, but I'd say that this is incorrect. It's not so much that being a content creator is a silver bullet (it's not) or that that is the only kind of entrepreneurship (it's not). The problem is that the 9-5 is probably heading to a collapse and people are sensing that. Mind you, 9-5 is a relatively modern concept, it didn't exist before the late 19th century, and before that the vast majority of people were entrepreneurs of some sort. Craftmen, laborers, professionals, tradesmen, etc.
The peak for corporate jobs was the 20th century, and it did have great perks at one point, and you could move up the ladder, and you worked there for life. The company took care of you, because there was a basis of mutual respect.
Today? Nope, not only the wages are a lot lower, but you don't mean anything to your employer. The moment they can automate your job or outsource you to India, they won't hesitate for a single second. Ironically, I'd say that today, there are more stable and reliable ways of making money that working in a regular corporate job, and it's going to get worse.
Companies have never cared about their employees. It's always been a business transaction. The provision of pensions might have given the illusion of loyalty but companies have always ruthlessly laid people off the second they needed to and not lost a moment of sleep over it. And I'm not suggesting people should have company loyalty. What's more stable in your opinion?
@@kateismostlygoodwmoney Of course, but today is more ruthless than ever before. And this being the case, I'm not sure if there's any actual comfort long term. You get used to a stable paycheck and "perks" and lose sight of the actual fluctuations of real life, which is dangerous because once you get laid off you're left with nothing. You've invested all most of your valuable time into something extremely fickle.
Now, I'm not suggesting all the "cool" entrepreneurship stuff, I agree that's a trend and not sustainable. But my goto example of old school entrepreneurship would be my in-laws who own a small convenience store. It's boring, predictable, stable, but they actually own it and can sleep at night.
Bravo sir you actually get it. I believe that many of these people with high-paying 9-5 tech jobs have a false sense of security. Like you, I believe most of these folks will get laid off and get replaced by cheaper labor sometime in the NEAR future...then eventually get replaced by AI/automation in the long(er) term. Tech jobs are vulnerable to this and it makes sense from a business standpoint. While it's true that companies never cared about employees, they were at least more compelled to offer perks to employees cause back in the 20th century the employees had more leverage on their side. In many ways, I see working a 9-5 these days as a risk as they will not hesitate to drop you like a sack of manure. A 9-5 is NOT inherently secure like so many believe.
I'm starting to notice a new trend of content creators trying to discourage other people from being content creators and talk them out of quitting their 9-5 jobs. I want to believe that they are doing this in good faith but part of me believes that some simply do not want more competition LOL. I believe some Left-leaning people are afraid of more people getting into entrepreneurship because they think that it's inherently rightwing (IT's NOT) to be a business owner LOL. If you're a leftwing person why would you want all the future business owners to be on the right? Makes no sense to me. Like you said an entrepreneur can be someone that offers something that benefits society. Too many people these days equate entrepreneurship with content creators. All these people encouraging more people to work 9-5s are just playing into the hands of the establishment...this just increases the labor pool giving the companies the upper hand. During Covid when there was a labor shortage companies actually started giving raises to people for a change.....HMMMM 🤔
Wow, has anyone ever told you, that you look almost exactly like Maggie (Lauren Cohan) from the walking dead TV series. I seriously thought you were her.
I feel like I have gotten that a couple times before when my hair is this length! A new york taxi driver once was so sure I was her 🤣
@1:45 ... There are many ways to become rich, but definitely not as an employee.
#Retirement
Only 2/3 of the population makes it to the retirement. The rest dies before.
#9-6
All of us are tired of that treadmill. If we want to change, we need to quit that system. That does not mean that our society will collapse. It will be different.
I know people who are multi-millionaires in their 30s, 40s, and 50s from being "just an employee". Is being a multi-millionaire enough?
Stats for US, UK, Canada, etc are that 80%+ of people make it to retirement age. I live in Canada so that is my lens. The vast majority of people here will make it to retirement. Nobody knows who will live that long, but I'd much rather invest a small percent of my salary and turn 65 as a millionaire than do absolutely nothing because I might die young and in all likelihood, still live until 65 absolutely screwed because I haven't saved.
I mean, yes. We're all tired. Currently, I live under capitalism so that is the system I am going to plan and work within. Good luck.
@kateismostlygoodwmoney
I doubt you know employees who are multi-millionaires. Statistically it is impossible to save and to become rich. The exception might be CEOs, who are employees of their company, too, but have a multimillion income.
We have left capitalism after 2007.
We live in a socialist world governed by five(?) tech companies. That system wants to enslave people.
Making it from a dishwasher to a millionaire was pure marketing from the very beginning. Wealth was built over several generations. Bezos, Gates, Zuckerberg ... none of them was poor, when they started their bizzness.
We can discuss the definition of rich of course, but it is possible with a 9-5 even without getting into management. You really have to start early with saving and investing and being disciplined around money. Small businesses fail all the time - have a friend who tried in his degree field and he got a steady income for quite a few years and then he couldn't fast enough invest in the new ways required - at 40, he had no savings, no retirement and started a corpo life.
@dacat8171 It is not statistically impossible. I didn't say making a multi-million income, I said became multi-millionaires. You can become a multi-millionaire being a lawyer, a doctor, an engineer, a big 4 consultant, a psychologist, an agent or manager, working in finance, oil and gas, marketing, brand, sales, product, this is literally just off the top of my head, the list goes on. Will everyone who does these jobs become a multi millionaire? No. But you're saying is that it's impossible and that's just wrong.
Many employees of tech companies - who work in countless different roles like IT, product, marketing, etc - can make multiple six figures of salary AND get a shit ton of equity every year AND get big bonuses. If you are a great salesperson, it's crazy how much money you can make. University professors in Canada can make multiple six figures. Deans make more. We haven't even gotten to C-suite of corporations. But C-suite even in non-profits will also make multiple six figures. It doesn't take that long to become a multi-millionaire if you are making 300, 400, 500K or beyond a year and doing basic investing.
I hate bootstrapping narratives as much as anyone and that's not what I'm arguing at all here, that's a totally separate conversation.
Too late 😮
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I totally thought you were Lauren Cohan. Woah, my mind is blown.
Haha I'm not sure if you mean it this way but I will absolutely be taking that as a compliment so thank you!!
Everyone wants to be an entrepreneur till you go bankrupt.
YES exactly👏
What kind of retirement system does TH-camrs have. They better prepare. Unless you have great content and it’s reliable, it’s best to get a job with benefits.
All things are possible through Jesus Christ
Agreed, it's quite challenging to plan for retirement entirely on your own!
You look a lot like Alexa Chung!
omg that's so flattering, thank you 😭♥
You have to have a plan b before you get rid of plan a lol.
YES!!! Lol you get it🤣
@ Somewhat lol.I spent 24 years working and managing a ranch.I also work for a company running fiber optic cable for 15 years.The ranch owner and I are like family after working together for almost a quarter century.I inherited his ranch when he passed away and many millions.Sometimes plan c becomes plan a, amazing how things work but I think being a good person is the most important trait.Intelligence comes second.
So we’re trapped
I mean, I don't think so but I'm also not going to give people pep talks about capitalism bc it's legit horrible. If you feel trapped, I can understand why. But I also think working towards a situation where your work is at least more enjoyable and balanced and realistic and sustainable and achievable for you and your life is possible (and also fighting to change the system, advocating for better pay and conditions for all, etc). And fwiw I have absolutely no plans to do this until 65. There is just no way.
@ that’s a good way at looking at it. Sorry for coming off so doomer-ish
You're all good, I totally get it! ♥
Ok Kate so I totally hear what you're saying. I agree about the doing two things at once --> diversifying your income streams so that if one falls through you have other means to fall back on (but also investing is actually really important). I feel like the pro "go for it/become a content creator" rhetoric is moreso about following your aspirations. So (too?) often we hear about people who stick to jobs that keep them miserable and with these technological advances there are so many new opportunities available now. Eg.: a social media manager is something that definitely wasn't around when I was a youngin' (😅 aging myself? lol) This younger generation is doing things differently. Eg. Where millennials might stay loyal to a job for years, his new gen will hop onto the next one in the blink of an eye. It's almost like a fearlessness? And while I agree, one should totally dot their i's and cross their t's, and have a plan, to me the convo is about fear and risk, and at what point are you willing to decide that it's worth just trying/taking a leap of faith?
So yes, having a plan + being strategic is of the utmost importance but I do hope ppl continue to DARE.
Hugs Kate 😘 -- Dani
Yes love this counterpoint and I absolutely hear you. I would completely agree that too many people stay complacent for too long, it it just scares me when I see rhetoric that is like oh if you're not happy for a few months, just quit and I'm like NO! 😂 But there are so many possibilities and ways of making it work now - if you are willing to hustle, work hard, do gig work, the possibilities are endless. I just don't want people to bail with no plan but I think we get each other 💗 thank you for your comment, I love dialogue about this and I think I can probably be TOO risk-averse sometimes so it's good for me to hear this POV as well.
The best thing to do is to join the military. There are plenty of positions available. 😂
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