Multiple Streams of Income

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When talking with John Mosby during down time at class the group discussion hit on some other things. One of them was that our empire is deterioration. A sub set of that particular problem is the economy.

He mentioned to the group that we should be thinking about ways to diversify our incomes. One guy was high up in a big city fire department so his job was probably secure and I am in the military so my job (especially since President Trump was elected) isn’t likely going anywhere. To the rest he said they should think about ways beside their normal job to earn some money.

I have been thinking about that myself.

A couple ideas come to mind.

First we have to consider when we are looking at this stream of income working. Do we want it to work now? Or are we angling for some sort of worst case scenario type thing?

Obviously a lot of stuff that could work now would not work in some worst case scenario, like say doing tax accounting part time or selling digital books on amazon. On the other hand lets say, as I am seriously considering doing, a guy takes up leather working. I could get really good at it and still not be able to meet the quality to price ratio of a lot of mass production shops like Bianchi or Galco. When a guy can get most imaginable items in 2-4 days on Amazon for a mass produced price how can I compete without being a legitimate master? I probably can’t, especially when true professionals are a  phone call and a UPS package away. Now lets say our world got a lot smaller in a hurry. Like walking/ bicycle distance smaller. How many guys are going to be making custom holsters for whatever handgun people pull out of their closet in a 5 mile radius? Probably not many. Figure you do mag pouches and sheathes also and it could be a decent job.

The point I am getting at is to figure on when you are looking for the income then make a plan.

I pay a lot in child support but I also make good money. Not like my expectations or lifestyle are too fancy so stuff works out just fine for now. Still I don’t like single points of failure.

So I want to have a couple other streams of income. Lets say 3. How much money do I want to make? Well I would like to make 500k a year. More realistically if I made somewhere between several hundred to a couple grand a month that would give me a lot of options. Even if my normal job fell apart somehow I would have something coming in. Maybe even enough to pay the no fail bills like power, fuel and food. On the high end of those figures I could even pay rent.

So how could I do this?

My first plan is to get the blog earning again. For a few reasons I plan to do it more on a commission basis than folks paying for advertising.

Writing. I have been writing fiction again. Hope to put a book out on Amazon in the first quarter of next year.

Also to ask you all a question. If I put together a nonfiction type work that is a mix of selected blog posts and some new stuff then charged say $5 for it would you all be interested? I’m definitely still framing this out in my head but it would give you my take on a lot of stuff in one place.

Both of those are in the works. If you have constructive ideas I would love to hear them.