A Millennial’s Quick Start Guide to Financial Freedom

Photo by Katie Harp on Unsplash

The Millennial generation, defined as individuals born between 1981 and 1996, has faced an unprecedented number of economic challenges, including crushing levels of student loan debt, more than one horrendous market crash and subsequent fallout in the wider economy, a global pandemic and a lack of job security.

As bleak as things can seem, more than ever, Millennials are seeking ways of breaking free from debt and creating their own streams of income, with the goal of freeing themselves from the traditional 9 to 5 workday model.

Photo by Jon Tyson on Unsplash

Below, we will briefly touch on a few such ideas. Take a look — maybe one or more of them will ignite the entrepreneurial fire in you!

1. Affiliate marketing: Many brands operate a marketing arrangement by which they pay commission to an influencer for traffic or sales generated from that individual’s referrals. By partnering with companies and promoting their products or services through personal platforms such as a blog or social media account, individuals can earn commission on any resulting sales.
2. Running an Etsy store: Platforms such as Etsy allow individuals to create and sell their own products, including print-on-demand items such as clothing, mugs, home decor, and accessories.
3. Selling digital products: you can also create and sell digital products such as printable planners, organizers, stickers, and wall art through platforms like Etsy, or via your own website.
4. Selling original art and photography: Websites such as Redbubble allow artists and photographers to upload and sell their work on an almost endless array of physical products, including clothing, phone cases, and home decor such as throw pillows, duvets and shower curtains.
5. Creating and marketing an online course: With the rise of online learning platforms such as Skillshare, Coursera and Udemy, it has become easier than ever for individuals to create and market their own courses…