From CNBC Make It.
When the pandemic shut down courts in 2020, attorney Derrick Morgan Jr. turned to Fiverr to offer trademark services to earn extra income. His side hustle quickly grew, leading him to start his own practice. Today, he pays himself over $350,000 a year.
Morgan is inspired by the principles of the FIRE movement — short for financial independence, retire early — and wants the option to stop working in his 40s.
For him, it’s less about building wealth and more about “being able to do what I want, when I want,” he says. When he does retire, he plans to focus on passion projects “instead of working to make money.”