The Economy of You Book Summary - The Economy of You Book explained in key points
Listen to the Intro

The Economy of You summary

Kimberly Palmer

Discover Your Inner Entrepreneur and Recession-Proof Your Life

3.6 (14 ratings)
11 mins

Brief summary

The Economy of You by Kimberly Palmer is a guide to establishing a successful side hustle. Drawing on her own experience, Palmer offers practical advice and inspiring stories to help readers transform their passions into profitable careers.

Table of Contents

    The Economy of You
    Summary of 5 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 5

    Going through financial struggles isn’t the only incentive for finding a second job.

    It seems like all we ever hear about is how volatile the global economy is. Since the 2007 financial crisis, many individuals have taken extra steps to protect themselves. Once thought of as a last resort, working two jobs is becoming a norm today.

    A 2012 study conducted by the University of Michigan revealed that as many as 50 percent of participants described themselves as financially worse off compared to their situation five years ago. According to the US Bureau of Labor Statistics, 5 percent of the working population in the United States already has at least two jobs. What’s the relationship between these two pieces of information?

    Well, it’s easy enough to assume that people get a second job because of financial struggles, be it a growing debt, increasing rent prices or mounting medical bills. But while this is logical, it’s not the whole story.

    Take Joe Cain, for instance. A former cop, Cain built the website, a platform where police officers and firefighters could offer additional services, such as home repair work or legal consultation. He didn’t take on his website project out of financial desperation. Rather, Cain was determined to gain new skills and opportunities.

    Cain was able to become a certified tax specialist by taking classes while still working on the police force. He had success offering his accounting services to other people, and decided to continue focusing on tax consultation. Not only did this job pay better, it also afforded Cain more time with his two children. But not wanting to stop there, Cain also invested time into to secure yet another stream of income.

    Cain’s story shows how motivations for finding additional streams of income can be manifold. A need to earn more money often goes alongside a desire for changes in your professional and personal life.

    Want to see all full key ideas from The Economy of You?

    Key ideas in The Economy of You

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is The Economy of You about?

    The Economy Of You (2014) is your guide to establishing and maintaining additional sources of income. From seeking out opportunities and developing networks to finding your audience and facing new challenges, these blinks provide you with the tools you need to do what you love without leaving your full-time job.

    Best quote from The Economy of You

    One of the richest sources of side-gig ideas, in fact, might be your day job.

    —Kimberly Palmer
    example alt text

    Who should read The Economy of You?

    • Employees interested in entrepreneurship
    • Parents seeking to boost their financial security
    • Individuals curious about changing career paths but not ready to leave their current job

    About the Author

    Kimberly Palmer is a blogger for U.S. News & World Report whose expertise in money management has made her a sought-after guest on NBC, CNBC, CNN and other networks. Palmer has written articles for newspapers including The Washington Post and The Wall Street Journal.

    Categories with The Economy of You

    Book summaries like The Economy of You

    People ❤️ Blinkist 
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked these summaries

    4.7 Stars
    Average ratings on iOS and Google Play
    29 Million
    Downloads on all platforms
    10+ years
    Experience igniting personal growth
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial