Multiple Income Sources – Day 35 of 365 Days to a Better You

Multiple income sources

Today’s post may or may not apply to you, in your estimation, but I’d contend it does apply to all of us today. There are a lot of us, to one degree or another, who are living in an old paradigm when it comes to money and financial security.

I’m 54. My parents generation had a mantra that you got a basic education (maybe including a college degree or maybe not), you got a job, you worked hard, you saved what you could, you stayed loyal to your company and they would take care of you. My generation came along and realized this abject loyalty to a single employer was not being returned by employers. Our belief was that you got an education that included at least a bachelor’s degree and maybe an advanced degree. You viewed jobs the way a monkey views branches on trees. You swing from one to the next, trying to advance as you go.

Both of these paradigms have one thing in common. They both rely on you allowing someone else – a single company or multiple companies – to determine your financial success.

The two newer generations coming up now get kind of a bad rap from the two previously mentioned generations. They’re lazy. They have no direction. They don’t really care about getting ahead. At least, that’s the perspective through the eyes of our old paradigms.

The reality is, they’ve accepted something that shatters the two previous generations’ paradigms. There is no security in a safe corporate job. Plus, it sucks your soul and damns your independence and creativity in return for a paycheck. They’re not playing.

What this has created is a rebirth of entrepreneurism. If you go back a few generations ago, people largely controlled their own financial destinies. They owned a business or a farm. Then factories happened and Walmart happened and that idea of making a go of the world on your terms was decimated.

However, today’s technology and this innovative young generation have turned the tables on that world view. They want to live their life on their terms and they’re finding ways to run “lifestyle businesses” that allow them to earn the money they need while living the life they want right now – rather than waiting for their allotted vacation or retirement time.

Power hack: OK, Ray, so why are you telling me this? The system on which the older generations (including mine) base their paradigm is gone. The corporate career is not safer or more secure. For most people it does not provide financial freedom and the lifestyle we’d choose.

I’m not telling you to quit your corporate job, but I am suggesting you find a way to augment your lifestyle and your income using the tools and ideas that are driving this new generation.

We’ve all learned not to put all your 401(k) investments in one fund. The best practice is to spread the risk. Only we don’t do that with our incomes. We rely on the job and if something happens to the job, we get another job.

What if you turned your passion into a viable revenue stream or multiple revenue streams to open the door to more options than you have today? What if you took a page from this younger generation and refuse to rely on corporations to decide your financial future?

Would it change your future more than another night of reality TV? Would it put the passion back in your day, your week, your year? I can’t tell you what that “side hustle” is for you. I can only tell you that the smart money for living your best life relies in having other sources of income beyond the J-O-B.

Brainstorm some ideas. How could you make a growing side income doing something you love? Need more help?

Checkout these articles with tons of ideas for side-businesses.

You are all the best!

Ray

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The Affirmation Spot – Affirmation of the Day Tuesday September 18, 2007

“Those who need my services are on their way to using them. I am thankful for the opportunity to serve them.”

Good Tuesday morning to everyone.

Stop. Look around you right now. Everything you see around you is there because someone somewhere sold something. Sales people, and their close cousins entrepreneurs, deal with a unique amount of rejection in their jobs.

To deal with it, they have developed aphorisms to stay motivated in the face of this constant negativity. One of my favorites is, “Some will, some won’t, so what!” I have no idea who coined the phrase, but it is ubiquitious and seems to sum up the mind set that a successful sales person must have to survive.

Now I know there are many burgeoning conscious business people who read this blog. Most of you are working to better the world through your products, services, or ideas. And as you venture out into the world, you are going to face many of the closing doors that other sales and business people face. Rejection can be very personal, especially when you believe the world is in desperate need of what you have to offer.

Some will. Some won’t. So what.

You are good with the “some will” part of the equation. The people who recognize the value of what you have to offer are obviously smart, evolved individuals. :o)

You may even understand that “some won’t”. It is the “so what” part that you have a hard time swallowing. What you are doing has so much meaning to you and could have such a positive impact on the world that you want everyone to benefit from it.

It’s easy to get stuck on why some people – sometimes those who need it most – refuse to see the value in what you have to offer.

You can invest a lot of energy wondering why “some won’t”, but all you really need is the wisdom to say, “so what!” It’s hard to do when you really believe in what you are doing.

Stop. Look around you again. All those things that someone sold to someone else began with an idea – an idea just like yours. In most cases, many people said no before someone said yes. Eventually, though, the right person said yes and the rest is history.

When you are bringing value to the world -and you know you are – the world will eventually say a giant “YES” to you.

In the meantime, take a page from the old sales sages and remember, “Some will, some won’t, so what!

Have a peaceful and prosperous Tuesday!

Ray
The Affirmation Spot

New Affirmation of the Week
“Magnificent You”

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The Affirmation Spot Affirmation for Wednesday September 12, 2007

Today’s affirmation is:

“Today I am molding my business into a success. I am creating prosperity for my family, my employees, my customers, and myself.”

As a business owner, an entrepeneur, or the executive in a large company, each day presents the renewed challenge of molding your own success and that of the people who rely on you.

Many successful people use affirmations and visualizations to help align their thoughts with the vision they have for reaching goals.

Remember today that you are a creator of prosperity and that your business is going in the right direction.

Here’s to a successful Wednesday!

Ray

The Affirmation Spot

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