I remember years ago when I’m flying to Vegas. Sure, I’ll have some fun — but I’ve also lined up a business meeting with a well-known podcaster. Why? Because I believe every “vacation” is an opportunity to mix in a little business (and yes, my accountant agrees). https://youtu.be/jKFSwN-IUA8
Here’s the bigger lesson ⬇️
If you rely 100% on a job for your income, you really only have one customer: your employer. Lose that customer, and you lose all your income. That’s risky.
Compare that to a coffee shop: if one customer stops showing up, it’s irrelevant. Thousands more come through.
The way the world is moving — outsourcing, gig work, automation, AI — jobs are becoming less secure. CBRE even projects that 50% of today’s occupations could disappear within 30 years.
That’s why I think it’s critical to build a side business, even if you’re happily employed.
It diversifies your income streams.
It teaches you real-world business skills.
And if you lose your job, you can shift those freed-up hours into your own venture.
The future of work looks a lot more like the past — when tradesmen, cobblers, and blacksmiths lived off many small “gigs,” not one employer. The internet is making that possible again, but on a global scale.
I’d call that both a challenge and a huge opportunity.
👉 That’s why I wrote Invest Local. It’s about creating real investments and income streams in your own community, instead of depending entirely on a paycheck (or Wall Street). You can grab it atDavidCBarnett.com
👉 Want deeper dives like this? Join my email list at DavidCBarnettList.com for early access to videos, insights, and 7 free bonus gifts.
I’m happy to have Ashish join me on a live broadcast.
He’s got operational experience in making things go smoothly across a great array of business sizes and types.
Tune in and as we’ll be discussing how a growing business can take advantage of a fractional Chief Operating Officer while controlling costs vs. having a full time expert on staff.
This is a ‘must see event’ for anyone growing quickly in their business or who knows they suffer from bottlenecks and clients who regularly ‘slip through the cracks’ of how you would like them to be served.
Be sure to join live so that you can ask questions, replay will be available.
The other day, I was chatting with a lawyer’s client who runs a tech startup. They were talking about raising money from “investors.” https://youtu.be/QEACN_QVEvE
But here’s the thing: I don’t think that’s the right word.
👉 An investment means you put money in with a reasonable expectation of getting money out — usually from an existing flow of cash.
Example: A bakery. Customers come in, buy bread, money flows, and investors can get a share of that return.
👉 A speculation is different. You’re putting money down on something that might generate returns in the future — but only if a whole series of external conditions line up:
New money continuously flows in to cover expenses
The market decides the product is valuable (though no one has bought yet)
Eventually, a “liquidity event” (like an acquisition) creates a payoff
In speculation, there’s no steady cash flow to rely on. The bet is entirely on future possibilities.
⚠️ Why the distinction matters: Calling speculation “investment” blurs the risk. I’m not against speculation — as long as it’s informed, and only a small slice of your portfolio.
✅ Personally, I prefer actual investments in local businesses where cash is moving today. That’s what I cover in my book Invest Local — available on Amazon or at DavidCBarnett.com
👉 Want deeper dives like this? Join my email list at DavidCBarnettList.com for early access to videos, insights, and 7 free bonus gifts.