This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
You don’t have to put all your eggs in one basket
Side Gig It Up: When you have a side gig or three, dependence on traditional income becomes less of a thing. Maintaining multiple income sources only gives you more options. You can stay at your traditional job if you want, but if you don’t want to, or the job doesn’t work out, you can gracefully exit without any financial fears.
Passive Income: Any passive income does require an initial investment of time and energy, but once you get the engine going, it’s smoother sailing. If you’re a writer, keep writing and building up your stack of articles and books so they continue producing income for you. Whatever your craft, business strategy, or skill is, continue producing products that will build more passive income for you. Work now, so your money works harder for you later.
Live Less: Staying within your means will prevent you from building a mountain of debt, living above your means, and increasing your bills to the point that puts you at a financial disadvantage.
Backups: Do you have to put all of your eggs in one basket? Nope. This is the day and age of options. How many people do you know who have a full-time gig and part-time gig? Some people have even more gigs. Some of us had parents who had to manage two full-time jobs just to make ends meet. It’s still not uncommon in this day and age. Many people do it for financial reasons; others do it to keep their options open.
Investments: Whatever you do, continue to grow your investments; those will be lucrative down the line when you build enough capital to earn livable interest.
Education: Continue putting time and energy into learning about personal finance: new strategies, new ideas, and new information. The more you know, the better your financial situation will be. The top 1% earners aren’t at the top because they know nothing; they’re there because they know information that average earners don’t.
Insurance: You might think you need an employer because of the insurance situation. Wrong. There are many ways to ensure your health situation is taken care of if you dive into some alternative strategies. Learn more in the following article:
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.