What is a “Portfolio Career”? 💼-
What we're covering..
Introduction 👋
These days it’s not very common to do the same job for your whole life.
You might hear people saying that “portfolio careers” are becoming more popular.
But what are portfolio careers? 🤷♀️
And why are more people choosing this way of working? ⭐
Today we’re explaining everything there is to know about portfolio careers.
What are portfolio careers? 🛠️
A portfolio career is when someone has more than one job or way of making money at the same time. 💷
Instead of sticking to just one full-time job, people with portfolio careers do a mix of things, like part-time work, freelance/contract projects, consulting, or starting their own businesses.
The cool thing about a portfolio career is that it lets you try out different things and use all your different skills. 🤹♀️
Instead of being stuck in one job, with a portfolio career you get to explore and do lots of different things that you enjoy. 🗺️
What does a portfolio career involve? 🤷♀️
A portfolio career can include lots of different types of work.
Here are some common things you might find in a portfolio career:
- Freelancing: Doing projects or offering services for different companies without being tied down to just one. 🛠️
- Part-time jobs: Working different part-time jobs for different companies to have more flexibility and variety in your work.
- Starting your own business: Creating and running your own business or startup, where you’re the boss. 👩💼
- Consulting: Giving advice and help to businesses or people based on your expertise and experience.
- Side projects: Doing things on the side for fun or to make some extra money, like blogging, making videos, or selling stuff online. 📽️
- Remote work: Doing work from home or from anywhere using the internet to connect with clients or employers.
- Teaching or coaching: Sharing your knowledge and skills with others through teaching, coaching, or tutoring. 👩🏫
- Volunteering: Giving your time and skills to help out with causes or organizations you care about.
- Learning and growing: Because you rely on yourself a lot for a portfolio career, it’s important to always be learning new things and improving your skills to stay ahead in your career. 🪴
- Networking: Because you get work from lots of different places for a portfolio career, it’s important to be building relationships and connections with other people in your field to help you find new opportunities and grow your career.
Why are portfolio careers becoming more popular? 🌟
There are lots of different reasons why portfolio careers are becoming more popular, such as:
- Freedom and control: Portfolio careers give you the freedom to choose what you want to do and when you want to do it, giving you more control over your work life. 🎮
- Adaptability: With a portfolio career, you can easily switch between different projects or jobs, which is helpful in a fast-changing world.
- Following your passions: Having a portfolio career lets you explore different things you’re interested in and do work that you’re passionate about. 💖
- Financial security: By having multiple sources of income, some people feel more financially stable in a portfolio career, and less reliant on one job or company.
- Learning and growing: A portfolio career allows you to keep learning new things and growing in your skills and abilities. 🪴
- Work-life balance: With a portfolio career, you can have more flexibility to balance your work life with your personal life and other interests.
What disadvantages are there to portfolio careers? 👎
Whilst portfolio careers are becoming increasingly popular, there are some disadvantages to the career path. This includes:
- Uncertainty: Juggling multiple income streams can lead to uncertainty about future earnings and job stability. 🌪️
- Time management challenges: Balancing various projects and commitments requires effective time management skills, and it’s easy to feel overwhelmed.
- Lack of benefits: Freelancers and self-employed individuals may miss out on benefits like health insurance, retirement plans, and paid leave. (21 perks at work you can get on top of your pay🎉) 🎁
- Financial inconsistency: The money you make from your portfolio career may fluctuate from month to month, making it challenging to budget and plan for expenses.
- Social isolation: Working independently or remotely can lead to feelings of isolation and loneliness without the social interaction of a traditional workplace. ☹️
- Difficulty establishing expertise: With a diverse range of projects, it can be challenging to establish a niche or expertise in a particular field.
Conclusion 👍
So that’s it!
A portfolio career is when someone has more than one job or way of making money at the same time. 💷
Instead of sticking to just one full-time job, people with portfolio careers do a mix of things, like part-time work, freelance/contract projects, consulting, or starting their own businesses.
The cool thing about a portfolio career is that it lets you try out different things and use all your different skills. 🤹♀️
Instead of being stuck in one job, with a portfolio career you get to explore and do lots of different things that you enjoy. 🗺️
Hopefully this article has helped you to understand better what portfolio careers are, and why they’re increasingly popular.
If you know any friends or family members who might benefit from learning about what portfolio careers are, share this post with them!
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