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Portfolio Careers Diversify Your Risk and Income

Diversify Your Risk & Income with a Portfolio Career

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A portfolio career strategy is a purposeful and strategic way to structure different types of earned income: part time employee, part time consultant, freelancer, independent contractor, independent business owner. Balance can be created by including volunteer work, and personal hobbies.

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Page 1: Diversify Your Risk & Income with a Portfolio Career

Portfolio CareersDiversify Your Risk and Income

Page 2: Diversify Your Risk & Income with a Portfolio Career

7.9 million jobs…

gone forever.

Page 3: Diversify Your Risk & Income with a Portfolio Career
Page 4: Diversify Your Risk & Income with a Portfolio Career

JOB SECURITY NO LONGER COMES FROM

AN EMPLOYER

Page 5: Diversify Your Risk & Income with a Portfolio Career

Skills.Marketable.

Transferrable.

YOURS.

Page 6: Diversify Your Risk & Income with a Portfolio Career

Yes, Y0U.

Page 7: Diversify Your Risk & Income with a Portfolio Career

TALENTS

VALUES

STRENGTHS

SKILLS

Page 8: Diversify Your Risk & Income with a Portfolio Career

REMEMBER…

YOU’RE MORE THAN YOUR JOB

Page 9: Diversify Your Risk & Income with a Portfolio Career

Portfolio Career ● noun 1. “A process you pursue purposefully and positively, as a way to achieve a mixture of financial and personal goals.”

-Penelope Trunk

Page 10: Diversify Your Risk & Income with a Portfolio Career

You .In a briefcase.By 2020, more than 40% of

the American workforce will be…

• Freelancers• Contractors• Temp workers

A.K.A

PRACTICING THEIRPORTFOLIO CAREERS

Page 11: Diversify Your Risk & Income with a Portfolio Career

…A suitable work-life blend.

(Remember…there’s more to you than your job!)

Page 12: Diversify Your Risk & Income with a Portfolio Career

Easier said than done?

Not necessarily!

Keep your eyes open…you’ll start seeing examples everywhere.

A LAWYER

A CHEF

AND A WRITER

Page 13: Diversify Your Risk & Income with a Portfolio Career

Part-time assistant manager at a

neighborhood yoga studioVirtual

assistant for several clients

Creative writing student

Volunteer with organizationsI care about

Page 14: Diversify Your Risk & Income with a Portfolio Career

“I love how these activities challenge different parts of me.”

Page 15: Diversify Your Risk & Income with a Portfolio Career

Internet technologiesSocial media marketingVirtual officesVirtual assistantsSkypeWebinarsDistance learning…

THE INTERNET HAS CHANGED THEWAY WE WORK

Page 16: Diversify Your Risk & Income with a Portfolio Career

People over 55 are almost TWICE as

likely to found successful companies as those between 20

and 34.

Page 17: Diversify Your Risk & Income with a Portfolio Career

Consider creating a portfolio career if……

Page 18: Diversify Your Risk & Income with a Portfolio Career

You want:

LOWER STRESS

STARTING OUT

BALANCE

CAREER CHANGE

PART-TIME

FLEXIBILITY

INCREASE YOUR VALUE

BACK-UP PLAN

OPTIONS

SELF-DIRECTED

Page 19: Diversify Your Risk & Income with a Portfolio Career

Can you afford a portfolio career?

Page 20: Diversify Your Risk & Income with a Portfolio Career

•Make an inventory of your assets•Know where your money comes from• Know your personal expenses•Keep an eye on your debt•You may need to cut back : what are “must haves” and what are “wants”?

IT’S ALL ABOUT THE CASH FLOW!

Page 21: Diversify Your Risk & Income with a Portfolio Career

Explore yourself.

Page 22: Diversify Your Risk & Income with a Portfolio Career

Strengths

Follow-throughPersuasive MotivatorDetail-oriented InitiatorProblem-solverInnovator

Page 23: Diversify Your Risk & Income with a Portfolio Career

ChallengingCreativeVarietyAdventureControlFlexibilityFreedomStructureCasualQuietCollaborationHumorAutonomySupportIntegrityAuthenticityBalance

Page 24: Diversify Your Risk & Income with a Portfolio Career

Successful portfolio careerists…

Are good at working under pressureHave good time management skillsLike taking risksManage stress wellEnjoy tracking new projectsLike variety and changeEnjoy networkingAre self-motivatedAre flexibleAre good at improvisingAre confidentDon’t get hung up on perfectionCan remain calm, even in a money shortage

Page 25: Diversify Your Risk & Income with a Portfolio Career

After getting to know YOURSELF, get to know the MARKET…

Where is the demand for your skills, talents, and strengths?

Page 26: Diversify Your Risk & Income with a Portfolio Career

Getting Started Strategies

• The “Starter Position” strategy

• The “6 Months of Savings” Strategy

• The “Part-Time in Your Current Field” Strategy

• The “Just Do It” Strategy

Page 27: Diversify Your Risk & Income with a Portfolio Career

Resources• And What do You Do? by Hopkins and Ledger• Roadmap to Success, Chapter 12 by Laura Schlafly• The Encore Career Handbook by Marci Alboher• Encore by Marc Freedman

Career Choices with Laura [email protected] 971-208-5852