Influencers Returning Back to '9-5' Careers | The Cons of Earning in the Creator Economy
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- Опубликовано: 14 июл 2024
- Today's video is was inspired by the personal finance lessons that I have learnt through my time as a creator about money and also advice that I have given to my younger siblings who are in the film and entertainment industry and earn in a similar way to creators in certain aspects. If anything, I want you to take this as encouragement to become a creator whilst protecting yourself against the potential financial risks 🤍
ABOUT ME:
Education - I studied Economic History at the London School of Economics
Work - I spent 4 years working in the Investment Bank in London & Dubai
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Chapters
0:00 Inspiration for this video
1:55 Reliance on popularity and trends
4:15 Changing platforms and algorithms
5:34 Inability to take a break
6:22 The Earning Curve
10:36 My perceived solutiond
Sub Count: 47.9k
I love you guys! Thank you so much for all the positive comments, I was actually quite nervous about publishing this video because it's quite different from my usual style and I really wanted it to come across in as something positive and not negative - so thank you for actually taking the time to watch through the video
Side note: If you see random blurs in the video, RUclips studio is not trying to cooperate with me! I didn't realise my mic would pull on my top, but we are mainly girls here anyways nothing new here 😅
I honestly believe it’s good to have various ways of income. Having a 9-5 as your main source of income then have a few other things you do to earn money. There should be a balance but this video was great
Thank you! And yeah I would agree that regardless of what your main stream of income is, it’s always good to diversify for your own protection. Im all for people taking their passions full time though, we wouldn’t have a lot of the great creators that we know today if they weren’t full time but even then as you said, it’s worth striking a balance with some other streams of income too
Agree with this, as someone who known quite a Few creators. My advise is for them to use their current big income to start a business and also invest income producing assets such as property and dividend paying stocks
Having multiple streams of income is important. Especially when it comes to passive income streams.
Love your work Lamide ❤ I think surviving the 9-5 vs Creator economy is about being agile and diverse. The 9-5 route is equally volatile with many job losses and, cut backs across industry due to disruptive and rapid technology advacement. The shift towards a 'porfolio career' will become the new norm for many people across the world. Where building personal brand, diversifying your skillset and service to the work place, community will be a necessity. Existing creators in the creator economy are learning how to pivot and spot trends early.
im very happy for them. content reation was their visual resume and it allowed them to pivot into something else that is sustainable for them in this new phase.
when Austin mcbroom mentioned that he wanted to pass his channel off to his kids I legit laughed, even I knew that it would be impossible trends change so much, he's essentially passing off debt or something that isnt as valuable anymore.
Great video 🙂I definitely agree about content creators who should invest in more traditional offline avenues. I started my own channel and while I don't know where this will lead me, I also invest in more traditional assets that don't require my personality or image. At the end of the day, it is all about enjoying the journey and learning as we move forward. I do like the stability of my 9-5 job so definitely a balance is needed.
Your content is really top tier! I appreciate the way you think! You can tell that you’re speaking about things from a place of genuine interest and knowledge!
🥹🥹 I appreciate this sooo much, thank you!
I like what you said about risk; deciding to be a creator full time is a risk and just like any other financial decision it's important that we discuss the pros and cons so that people can make informed decisions. Really enjoyed your deep-dive into this topic
Thanks girl, appreciate it 🫶🏽
Just hit when the iron is hot and save for a rainy day. Nothing is forever
This may be irrelevant. Lamide have you ever thought of modelling? You are so stunning. Always enjoy your content btw ❤
So sweet thank you girl but I’m barely 5’3 and I can’t walk in heels, I don’t think I’ll make a good model 😂😅
You could definitely be a model! There’s many different categories to modeling outside of traditional high fashion runway and print models.
@😂❤
You might, who knows
You might be the first model who wears low heels
I enjoyed this so much!
Such a good video and you made a great point about all that money being made in a specific time frame so it’s best to amortize it or start a business that doesn’t involve your face/you being physically present to make $$.
Yeahh & I love the use of the word ‘amortize’, are you an accountant 👀
@ Lmaoo I am !! I love beauty girlies in finance like you and Patrica bright ❤️❤️❤️
Love this ! Thank you for your quality content and you look so pretty 😍😍
Thank you ☺️☺️
Hey Lamide, this fundamentally is the lesson of the book ‘who moved my cheese’. This video shows you’re very reflective and strategic in your thinking. One life lesson, I always remind myself is ‘Move’ & ‘Change’. Anyone who gets too comfortable with where they are is bound to be ousted or overtaken. Keep being an inspiration ❤ @LamideElizabeth
Love your content. You inspire me 💕
This is so so good
Definitely agree with the offline investment
What a great video, great advice for someone like me starting out on RUclips.
Aww I’m so Glad it was helpful! Best of luck with your RUclips 🤍💫
Love this topic
☺️☺️
As a coach I tried B to C using social media and the overhead of commitment to understanding social media outlets was too much. I ditched it went back to traditional sales in B to B coaching for companies. The income is steady and I have my mind back and my socials and my work are delightfully separate.
MULTIPLE STREAMS OF INCOME ❤
Briliant, beautiful and humble. I just love you.
Thank you 💕
So true
Atp, I only want multiple jobs if they're all part-time. I want nothing additional if I have a full-time job. Too much work to sustain, & I'm over doing that.
I think lots of creators found it easy to make big money with lack luster or sub par content, but times have changed and the hustlers and go getters have upped their game and this market is over saturated. I see so many influencers that are lazy and their vlogs are not consistent and the content is boring and not informative at all.
It’s definitely become more competitive to become a successful influencer, barriers to entry as so low especially with platforms like TikTok
Lamide is a very smart and beautiful woman
Plus cancel culture. It’s a lot harder for girls cause boys don’t tend to cancel people, look at the Sidemen & Kai Cenat.
Beautiful black woman 🥰
Very useful information 🫶🏾👌🏾
Yay, I’m glad you found it useful 🤍
Social Media as platform is dying
LOVED this video, love this topic. Please keep speaking on this! 🤍🤍🤍