Quick notes

 

  • A portfolio career is a great way to diversify your income.
  • Generate more fulfilling and productive work with multiple interests.
  • Begin gauging your interests and skillset to get started on your own portfolio career.

 

 

Today’s workers are more diversified than ever. In fact, it’s estimated that 56.7 million people in the United States are part of the freelance workforce. What’s more, many Americans are taking freelance work one step further and establishing a valuable portfolio career.

A portfolio career is a career in which you have multiple streams of income from multiple projects. For instance, someone with a portfolio career could work a full-time job but also have a freelance gig on the side. Some individuals with portfolio careers even go one step further by having a full-time job and running their own small business.

Essentially, you have multiple money-making modalities to elevate you further than a traditional job or career ever could. Thanks to so much flexibility in the workforce today, the sky’s the limit when it comes to establishing a valuable, worthwhile portfolio career.

The perks of a portfolio career

The biggest advantage of having a portfolio career is flexibility. Your income stream is diverse. You don’t depend on just one job to bring home the bacon. What’s more, many people with portfolio careers take the leap into self-employment.

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Being your own boss is one of the most fulfilling careers. It takes a lot of time, energy, and discipline to get the job done. But at the end of the day, you answer to no one but yourself.

Eventually, you can mold your portfolio career into something very gratifying. When it comes to bringing on new clientele, you’re essentially learning to sell yourself versus selling all the hard work you’ve done for someone else’s company or brand.

How to get your portfolio career off the ground

The first step in establishing a portfolio career is to examine your skill set. What are you good at? Have you been in one industry for several years? Are you interested in other industries? Do you have any hobbies you could turn into a side gig?

Cataloging your skills and interests is integral, as you want your portfolio career to be fulfilling, engaging, and interesting. This type of career can be more time-intensive, which means you need to be inspired and motivated by the work you do.

If you’ve developed expertise in a certain industry, you could very well take that knowledge and apply it to an independent consulting gig. If you’re interested in taking on a new industry, get your foot in the door with part-time employment while your other projects financially support you.

Cataloging your skills and interests is integral, as you want your portfolio career to be fulfilling, engaging, and interesting. This type of career can be more time-intensive, which means you need to be inspired and motivated by the work you do.

The best thing about a portfolio career is that it is widely undefined. You can create your dream career by taking on multiple projects that you’re interested in and you’re highly motivated to accomplish. The single rule when it comes to a portfolio career is having a legitimate portfolio of multiple work projects to show off.

A portfolio career is a more well-rounded option than traditional employment. Now the only thing stopping you from developing a fruitful portfolio career is you.

A deeper dive — Related reading from the 101:

 

 

Access to information and technology has revolutionized how we work.

 

 

There’s no better way to diversify your income than by being your own boss. 

 

 

Turning your past-time passion into dollars earned has never been more rewarding.