The “New Economy” isn’t a new buzzword. It was born during the tech-bubble in the late nineties, heralding an age where data and the internet dictated how businesses were run. That was all nearly 30 years ago, but it’s only lead to even more disruptive developments in the workplace today:
- The gig economy
- The sharing economy
- The streaming economy
- Big data
- Artificial intelligence and automation
Most people in their 40’s and 50’s today think of the New Economy and its results as a disaster to their job prospects, and they’d be right. Jobs are being replaced by robots all the time, or outsourced to India and the Philippines.
The New Economy may be responsible for destroying your ability to retire the way you thought you could, but it’s also the very thing that can save your retirement.
An Opportunity of a Lifetime
People are just now starting to take advantage of the new opportunities available in the New Economy, and believe it or not, your corporate skills are in high demand. It may seem like every second Millennial has an MBA and way more tech skills than you, but you have on-the-ground experience.
That’s why so many late-career workers are able to start a side business consulting online in areas as diverse as resume writing, leadership, interpersonal communication, finances, and more. All you have to do is look beyond your job title and dig deep into your niche skills.
Consulting is just one of many routes you can choose. For example, I run successful ecommerce businesses, despite being a finance executive.
Starting a separate stream of income from scratch using traditional means leaves you struggling through a long buildup period.
But you don’t have time to wait for that return on investment.
Engage in the new economy and take advantage of this new way of doing business. You can easily enlist the help of others to do the heavy lifting for you.
The New Economy can be just the tool you need to develop new streams of income and build the nest egg you desire. You just need to know how to leverage it.