I've been self-employed all my working life. I was doing "multiple income streams" before people had a name for it. That's because I wanted to be independent and just couldn't put all my eggs in one basket. Besides, I always have multiple interests. Years ago, I figured that the best way to live my life was to find a way to monetize all the things I'd be doing anyway. And this philosophy stuck. I've done well for myself. But one thing that absolutely needs to be mentioned - not only generating income but how to steward that income is just as important. I've done even better, considering that I've invested wisely, and at this point, the money I've invested makes more money for me annually than I generate from my multiple income streams. It takes financial uncertainty out of the equation.
Great piece. It's always interesting to see how everyone figures things out for themselves. Good luck.
Nice one! I too find it interesting to try to balance activities that "make money" vs. those I just intrinsically enjoy. It's a short-term vs. long-term thing in many ways. I'm quite clear on what I need to do to make money now but it's harder to judge what will be valuable in the future.
I've been self-employed all my working life. I was doing "multiple income streams" before people had a name for it. That's because I wanted to be independent and just couldn't put all my eggs in one basket. Besides, I always have multiple interests. Years ago, I figured that the best way to live my life was to find a way to monetize all the things I'd be doing anyway. And this philosophy stuck. I've done well for myself. But one thing that absolutely needs to be mentioned - not only generating income but how to steward that income is just as important. I've done even better, considering that I've invested wisely, and at this point, the money I've invested makes more money for me annually than I generate from my multiple income streams. It takes financial uncertainty out of the equation.
Great piece. It's always interesting to see how everyone figures things out for themselves. Good luck.
Yea! I should write about how I invest at some point.
Nice one! I too find it interesting to try to balance activities that "make money" vs. those I just intrinsically enjoy. It's a short-term vs. long-term thing in many ways. I'm quite clear on what I need to do to make money now but it's harder to judge what will be valuable in the future.