Multiple income source.

muliple jobs
I work for a pay check 12 weeks per year. My wife has a full time job, but that is because that is the choice she made..... I don't like working for other people and I do it just to make enough for a cushion the rest of the year. I supported my wife through her graduate education so she could get the job she has. I am in nursing school just as a back up plan, but have no intentions of doing any more than my three shifts a week once I get out..... I also manage to make money on the side without running a business 60-80 hours per week. There is alot more to life than working......and you don't even need all that much money to do any of it.

Making more money really doesn't change you quality of life that much. I made about $30k more last year than the year before. We save a little more money, maybe eat out a bit more, but our life hasn't changed that much (other than moving from PA to OK). Your expenses just seem to keep up with your income, are you any happier? If you live within your means, you can be happy with any income.

Real job. Easy, good money.
Cell tower. Really easy, good money for doing nothing.
Rental property. Only because I owned ground on three sides of the house and wanted to control "my" neighborhood. Increase in cash flow but negative income until it's paid off (5 year loan).
Sell lamb and eggs. Not much income but I enjoy the critters and it helps with the feed bill.
Teach puppy class. Won't get rich but it's fun.

Kathie

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www.littlebitfarm.net

Besides my retirement check, I sell on eBay and do occasional odd jobs, such as small welding jobs and hauling cattle or hay. I rent out fields to row croppers and have a farm hunting lease with a club. On my cattle, that's probably negative income.

Yesterday one of my neighbors had me weld up a replacement fire stove grate out of scrap 1" rebar. I charged him $15. Not much, but a little here and a little there adds up.

I do a little bit of tractor work on the side. I actually have more work lined up than I can do and I charge $50+ an hour.

At least around here, if the word gets out that someone does a great job at what they do and backs up what they do then they will make money and probably have more work than they can handle.

I have a friend that is a plumber and just build a 7000 sq foot house. He works for himself (with some helpers) and makes a killing (several hundred thousand a year). He actually has to turn down work. It is hard to find people now a days that will do a good job. I wish you were in my area, I have 3 electrical jobs I am looking for someone to do. I am willing to pay, but I don't want to have to babysit someone. That is the key. Babysitting. People want to be able to tell someone what they want and expect it to get done. This has become extinct...

If you live below your means and invest wisely, you don't need a second job...

When I said the phrase "somewhat wealthy" I didn't mean "Rich, Filthy Rich, or Snobly Rich". I'm just talking about always having enough money that when the needs arise you have it there to use without worry if you got enough. That would be wonderful in my point of view.

But I know there is already several members on the board here who have multiple sources of income. Many farmers and ranchers around here have a 8 hour job somewhere and then come home and do their ranching chores, cut hay, etc. etc.

What some land owners are doing around here is they buy a piece of property, set aside 2 acres in the corner somewhere. Usually next to the road, and place several cheap mobile homes on it for rent. After a few short years the renters have the mobile homes paid off and then their rent money takes over on the property payment.

I guess what I'm really asking here is besides one paycheck per week that might be your main salary, what else do you do to make money?

Yes, hubby has two income streams and I have two. Now if we could just win the lottery, we could get ahead!

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Alice
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"No great thing is created suddenly." ~Epictitus

duplicate

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"Let the beauty we love, be what we do. There are hundreds of ways to kneel and kiss the ground." Rumi

wow!! must be pretty miserable existence. When do you get to spend time together. Hope you don't have children caught up in this

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"Let the beauty we love, be what we do. There are hundreds of ways to kneel and kiss the ground." Rumi

You know it's really funny what conclusions people jump to.

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Alice
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"No great thing is created suddenly." ~Epictitus

I teach after school enrichment classes 6 hrs a day M-F. I do art commissions all year long, as well as growing and selling water plants for backyard fish ponds in the summer when school is out.

I see what you are saying RH.

I used to be self employed in the printing industry. I sold on ebay as a hobby, but wound up being great supplemental income.

It was nice to flip on my ebay, and found that I had made $35, even after I hadn't made a dime in the print business. $35 is nothing to some, but it all adds up for me.

Now working 80 hours a week at several incomes.....nah...not for me.

Clove

Multiple income streams:

Home-based business:

Massage work, slow in summertime supplemented by adding new skill ->
Lymphedema therapy, a condition that worsens in summertime. Also, acquiring skills to serve a wide range of massage needs, from relaxation to sports to medical. Branching out to accepting insurance cases, as well as cash pay.

When built up, will keep me busy year-round.

Other related acquired skill:

Soy candles, clients love them, big seller around the holidays, beginning to produce these during the slower times, and building up for the holiday interest.

Hubby's hobby:

Buys and resells fantasy fiction novels on multiple sights on-line

Hubby's job:

Temporarily our main bread and butter. But the goal is to eliminate the need/dependence on one stream of income to provide for our needs.

Other items:

Good old fashioned restricting spending, paying down debt without accumulating more, saving up to start investing in rental/foreclosure properties using cash as much as possible.

Gardening, preserving, conserving in every way manageable. Simple living.

Even with one business, a person can diversify enough to provide multiple streams of income, invest some profits in an account to begin acquiring property later.

What is surfacing here is that the individual must work the extra hours to have the extra money. That is where the mistake is made and the quality of life forfeited. What one needs is something that generates income when they are not working. Mull that over for awhile and see what you can come up with.

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Agmantoo
If they can do it,
you know you can!

Ive always made adequate income from doing whatever was paying that day.

i get SSI now but that only means I dont work as much or as hard, i used to be like a 24/7 gypsy trader/tinker... I can do a little bit of anything.

I have had 9 to 5 jobs they made me crazy. Ive run small businesses and they made me crazy.

muti-tasking to make an income is more flexable, I think.
and more interesting.

eveythings paid for and I dont owe anyoone anything so i musta done something right.

I always figured money is as only as good as the goods t can be traded for....
and ive always got a kick out of how a piece of paper can = a loaf of bread, its insane.
trading paper for material goods.... lol

but trade for me has always been more than paper, Ive made it a habot to trade labor for goods, goods for labor or goods for goods.

if I get paper, I try to trade it quickly for something valuable I need, or at least trade the paper for something thats actually valuable, like silver.

I never could get used to the idea that having a piece of paper that says I have 100000000 pieces of paper elsewhere = wealth.
I always thought of that as an illusion, not real wealth.

but I'm still poor so what do I know.
(but since everything here is paid for, lock stock and land, and I own it all, am I really poor?)

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"Let the beauty we love, be what we do. There are hundreds of ways to kneel and kiss the ground." Rumi

every once in a while You say something that just makes total sense.

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"Let the beauty we love, be what we do. There are hundreds of ways to kneel and kiss the ground." Rumi

I tend to look at it this way, at least one of us has the flexibility to juggle priorities to keep everything humming. Sometimes things go on the back burner, only to come back later and better.

As long as you can put your nose to the grindstone for a few years like this, and build up enough of a cash reserve, you can then start to use that reserve to earn money for you.

You have to start somewhere though. I was just sharing our path to getting there. It isn't complete, it's beginning. You have to have money to make money, as the saying goes.

Yes, we're busy people. But we also allow ourselves family time, and free time to do whatever we want. Maybe that's why we aren't quite there yet. But the plan is in place, and it's working.

You make a good point there agmantoo. The pastor and the dairy farmer I mentioned can take a week or two off and go on a cruise if they wanted. Cause they still have hired hands to keep running the business which would still generate an income while gone. I myself am only working for myself doing electrical. Not big enough and busy enough to hire help. so therefore if I take a week off, that will be one week of no income at all. Since I'm young in the self business world, that happens quit often. But I'm getting busier. Hopefully in another year or two I can start hiring apprentices and Journymens. Not sure if the hassle of insurance would be worth hiring help. But for right now a paid vacation is nothing but a dream.

From this vantage point, it appears that the good old days of relying on one steady job for your lifetime are pretty much over. They were over before I entered the workforce. Although many still had that old fashioned notion about working (including me).

Jobs don't pay what is required to get by on a slim minimum, unless you've inherited land, or forked out a fortune for an extended childhood in the higher education arena.

What's left?