One of the top three emails I get from readers is how to come up with ideas to make extra money. I often send readers to other websites for idea lists. But this week’s article has a bunch of suggestions for how to monetize your hobby. Monetizing a hobby is an ideal side gig because…
Viewing category: Entrepreneurship
Create Multiple Income Streams for Security and Wealth
When I lost my job last year, my former employer didn’t have the means to pay me a severance. Our family had emergency savings, but it was our multiple income streams that kept us afloat. Five years earlier, a job loss would have been much worse. But since I saved and invested while times were…
How to Invest in Websites for Extra Income
In a recent post about alternative investments, I wrote about how to invest in websites (#7 on the list). There are a few ways to do it and I barely scratched the surface. Another blogger read that post and offered to go further in depth with a guest post, specifically about buying niche websites for…
5 Things I’ve Learned from 5 Years of Blogging
Starting a blog five years ago changed my life. Before my blog, I watched too much television and lacked self-motivation. The blog empowered me to make better use of my time. I became more productive, more thoughtful about investments and money decisions, and eventually, I replaced the part-time income my wife once earned. Through the…
The Creation Mindset – Accelerate Your Wealth Trajectory
Buying compact discs (CDs) used to be a thing. That’s how we bought music back in the 1980’s and 1990’s. I spent a few thousand dollars on CDs throughout high school, college, and my early working years. One summer, I worked in a record store to earn money because my internship at a financial services company was…
10 Lessons I Learned From 4 Months Of Unemployment
The warning signs grew more obvious over the course of last summer. But I still thought I’d survive the impending funding cuts that my IT project was facing. By the time fall arrived, I had already dodged a few rounds of layoffs. But it wasn’t much longer before my number was up and I was…
Are “Smart” Money Moves Preventing Us From Becoming Rich?
Back in January of 2017, most personal finance professionals, advisers, bloggers, and just about anybody willing to give you money advice said to avoid investing in crypto-currencies such as Bitcoin. The price of Bitcoin at the close of 2016 was $963.74 per $1 USD. On the last day of 2017, the price was $14,156.40. That’s…
Build Income Streams. Explore The Unusual.
After choosing a domain name and starting my blog back in September of 2013, the software behind the scenes called WordPress asked me to declare a tagline. Unprepared, the first three words that came to mind were Invest. Retire. Travel. Those three words accurately presented the message I wanted to convey to my readers so I went…
Investing, Blogging, and Nine-To-Fiving – The Year In Review
2017 was an exciting year for me as an investor, blogger, and professional nine-to-fiver. The year started off as expected. But in the last quarter, I was let go from my job putting a halt to most new investments. The extra time has provided the opportunity to focus on my family and to work on…
What If I Don’t Go Back To Work?
Around friends and neighbors, I’m using the phrase “in between jobs” to describe my current employment situation. That’s a convenient euphemism to make it sound less bad. Most people aren’t familiar with my business so they only see a jobless Dad of three kids married to a non-working Mom, dealing with a mortgage and the same…
7 Income Streams I Earned While Unemployed
This article is about learning to protect yourself from a future job loss by creating sustainable income streams that will continue to pay you even if you’re not working. If you’re unemployed today, use this article to frame your strategy once the income is back. Of all the financial advice I read and practice, the one…
My Employer Just Liberated Me From My Job! Now What?
In the intro to a recently published blog post, I mentioned that there’s been some turbulence at my nine-to-five workplace. Funding was tight, but it looked as though I’d survive any downsizing. Well, things got worse. My project was hit hard, and the surrounding projects were hit even harder. I found out two weeks ago…
Don’t Need This Stinkin’ Job
Recent contractual turbulence at my 9-5 job has people nervous. Funding is uncertain. Job cuts are likely. Thanks to my expertise and training, I should be OK. But the situation reminds me that the pursuit of financial independence prepares us for corporate layoffs and recessions, even if we’re not 100% financially free yet. A potential…
The Best Summer Job Ever (And Why Lifeguarding Is For Suckers)
A few months before the summer of 1996, I committed to a lifeguarding job at a local pool. It was supposed to be my fifth consecutive summer as a guard. Lifeguarding was an easy and stable summer job in my youth, but it never paid well. This new gig was at a private club with…