Hey guys, it's Ginny Silver, and today I'm going to talk
to those of you who are collecting unemployment benefits
who are reaching the September end date.
PUA, Fed Ed.
Many of your unemployment programs are ending and many of
you do continue to ask me if these programs will be extended.
Well, today I want to have an honest discussion with you
guys and I want to be real upfront about something.
I want you guys to switch your thinking as we reach the end
of the pandemic related unemployment benefits and there are
currently no extensions on the horizon.
I want to seriously encourage you guys to pivot your mindset,
pivot your thinking, and truly consider creating streams
of self employment income because I was in your situation,
but I was able to pivot my source of income with a lot of
hard work relatively quickly in order to change with the
times and make sure that I was able to still provide for
my family during an intense time of uncertainty.
I wanna encourage you guys as we reached the end of these
benefits to try to look for ways that you can generate your
own income.
If you can't find work, try to create your own.
Before the Pandemic, my family had moved out of the Bay Area
up to the Sacramento Area, Bay Area, living costs were too
high for us.
We had incurred quite a bit of debt and we had to move out
to a cheaper area.
We moved and moving out of additional expense.
To that, my business regularly took in a six figure income,
but that was not enough to sustain us in Silicon Valley.
When we moved, my husband's job was driving for Uber and
Lyft. When the pandemic hit, my husband went unemployed.
All of my wedding commissions for the next year and a half
were rescheduled for about two years later, an entire calendar
of income gone.
In addition to that, I also refunded several clients thousands
of dollars.
My average wedding Commission is anywhere between $6000 and
$10,000, and I refunded several of them because there were
pandemic related reasons that really just weren't anyone's
fault. In addition to that, we also have a significant problem
with medical bills.
We chose the wrong hospital.
I have selfemployed health insurance for myself and my children
had a huge medical bill for my son with our debt from the
Bay Area with medical bills.
With both of us unemployed with no savings in the mountain
of debt, we then entered into applying for unemployment.
We applied for unemployment.
We didn't know if we were going to be able to pay our rent.
We started looking at other options.
If we would have to move to a new house, et cetera.
We began to receive unemployment benefits.
At that same time, I decided that I needed to try every possible
Avenue to pivot my business model with the times to try to
actually replace my income stream.
Several different things to pivot within the niches that
I already was in.
But the one thing that stuck was the thing that I thought
I would hate doing, which was YouTube.
I am not someone that likes to be the center of attention.
I don't like having millions of people watch me on video.
It's something that as an introvert, makes me feel uncomfortable.
When I first started it.
That's no longer something that bothers me, and I quickly
got over that.
But I never thought that this would be my job.
My channel grew and for most of the pandemic, my channel
has been receiving an average of 1 million views per month.
Action to that, I've developed other streams of income as
well along the way or strengthened ones that were already
there. So why am I telling you this?
Because I was there too.
We had lost both of our incomes, my husband's income, my
income work on, we had debt, we had medical bills.
We didn't know exactly how we are going to come out of it.
I think it's really important that you guys see someone who
is in the same situation was able to pivot and is now flourishing.
I want to encourage you guys to consider streams of self
employment income.
For those of you that have never been self employed, I want
you to consider it.
I want you to think about what you do well, how you were
able to monetize it and earn income.
If you can't find a job, create your own job.
Now I want to show you just a couple of months from where
I started back in May of 2020.
You can see here that I had revenue total.
My total income from my business was $240.
However, my net income is in the red.
I made negative $$1,161.0.31 that month because I still had
to pay the expenses and overhead fees to keep my business
as a business.
And in the month of June 2020, I made a ropping $0.09 as
my total revenue.
And still those business expenses continued on.
So my net income was negative $551.71.
Now I'm just giving you a peek at a couple of months that
were impacted.
But you guys, because I was able to find new streams of self
employment income and pivot how I was earning money, I was
able to get off of unemployment within just a couple of months.
I was able to far surpass what I had previously made in my
business before the pandemic because of those pivots, and
because of the change in mindset, I was able to pay off our
entire mountain of debt.
I was able to provide for my family on that single income
and was able to grow beyond what I thought would be possible
during such an extremely difficult time.
Now this is a re edit of this video.
My original version of this video did show you my 2021 income
total, but I'm deciding that that's not in very good taste.
To share at this current moment.
Now I may share that information at a later point in time
if there's enough interest to take an actual real look at
that 2021 full pivot and see what it looks like because for
many of you, it may be motivational to see exactly what could
be achieved.
But for now I am re editing this video because I think that
the focus needs to be on your own personal journey.
How can you start exactly where you are at and figure out
which different creative outlets you can explore to try to
create streams of income for yourself?
How can we take a terrible situation and try to see all the
possible hidden opportunities to pivot and grow within those
terrible circumstances?
Now I also want to be realistic with you.
Selfemployment is not easy.
It's extremely hard.
Selfemployment always has ups and downs.
It can be extremely scary.
You have to plan for yourself.
You don't have an employer contract or anything.
Selfemployment can also be extremely scary, though, so I
want to be real with you guys.
It is not easy to set up a stream of self employment income
and maintain it.
It does take a lot of work.
Additionally, there are a lot of things that you're going
to have to learn, such as paying taxes, allocating enough
to pay those taxes and setting it aside all of the legal
Hoops you have to jump through, etc.
There's a lot there, but I do have a lot of content to help
you guys through this over on my channel homepage that has
already been created.
As you see end of pandemic related benefits.
Whether or not there actually does end up being an extension
later on down the line, I want to encourage you guys to shift
your thinking, change your mindset, try to figure out what
you do well and how you can monetize it as a stream of selfemployed
income. I want you guys to be encouraged to see what the
potential is.
The potential is here.
I created this income myself.
I saw where my talents lied.
I saw where there was need and I found ways in which I could
fulfill that need for information and services to others.
Anyone can do this if I can do this.
If I can go from a household with no income with a mountain
of debt with medical bills, we lost both of our cars at one
point because they broke down.
We couldn't replace them.
If I can go from that to this this quickly, I want to encourage
you guys to do the same.
Now, my channel homepage has resources already available
there on how to start your business in the state of California,
where I walk through all the steps that you need to take.
I talk about sellers permits.
I talk about how to get your business license.
I talk about how to plan for taxes.
There is already a wealth of content over on my channel homepage
because some of them are old videos that need an upgrade.
But the information content and the help is all there moving
forward. I'm going to be sharing a different selfemployment
ideas for you guys and how to actually get them started.
If you have never considered self employment, I want you
to know that it is a difficult journey.
It's extremely hard.
Sometimes it can feel very similar to battling getting your
pending payments paid with the Edd.
There's a lot to manage.
There's a lot of things to know.
It can be extremely challenging.
But right now, if you are unable to locate work, if your
benefits are ending, I want you to seriously consider how
you can make money, doing what you are good at and what makes
you unique and what your own skill set is.
Take those interests, take that knowledge and figure out
a way to monetize it.
If I can do it, then you can do it too.
Okay, you guys.
I hope that was helpful.
Please click like subscribe and leave me a comment down.