JAN’S IDEAS

Of course several streams of income will help assure a steady and consistent base income. Taking it a step further and doing what you can to make each stream as consistent as possible, will solidify your income stream.

First, when budgeting income, take an average of what an income stream brings in, and then reduce it by 10-20% to allow for unforeseen drops in income. When the income meets or exceeds the budgeted amount a portion can be used to save for times when income drops and a portion for reinvestment in the stream of income.

When creating a consistent  website/blog income, do some research and find out the following about traffic and income to the site:

• Days of the week
• Seasons
• Time of day

Gather the information and find the most and least traffic and income is. Try to have websites and blogs that have opposite traffic/income.

I found Jan’s Group Home Support has the most traffic and income during the week. My Orchid Plant Site has the most traffic and income on the weekend. They balance each other out and together create a consistent and strong income stream.

When it’s easy to buy a house, rentals/rent-to-own go down and vice-a-versa. These two balance each other out as the economy goes through changes.

Evaluate each stream of income and see where you can rearrange or add something to create a consistent and solid income per stream. Then of course have the streams each balance each other.

Yesterday I got a call to see if I could make it to orientation today! I am a good employee at my current primary wage earning job, and my supervisor is allowing me come in late and have someone else cover part of my shift so I can attend orientation today.

I’m nervous about the change, but excited because I know this is the first step to getting out of the cycle of working hard and working lots of hours and getting nowhere financially. I will have a rough 3 months. There will be about a week of working all three jobs so I can give my current second job 2 weeks notice. There will be 3 months of no days off, working every night, and a total of at least 71 hours per week. Once I’m eligible for benefits at the new job, I’ll cut hours at my current primary wage earning job and make it my second job. In a year I should be down to one primary wage earning job. At that point I will spend two years preparing for working 3 seasonal jobs and enjoying a lifestyle that includes mini-retirements. I don’t want to wait till I’m too old, too broke, and too burnt out to enjoy life!

So what is your plan? Don’t be stuck on a treadmill that gets you in shape to go nowhere. Work hard and fast on a plan that will provide financial freedom and mini-retirements as soon as possible! Don’t grow up like me!! Get moving today!