10 Reasons To Start Earning An Extra Income

Home based business and other alternative earning methods have become widely accepted all over the world. In a world of uncertainty, it makes sense to create income not subject to potential downsizing, office politics, and arbitrary decisions by superiors. Imagine how it would feel to get up and not hurry to the office in heavy traffic, listening to your inspiration for the day and working with clients and activities you choose. If you are willing to do extra work or travel for your boss, you should be more than willing to do that for yourself, especially if it would improve the quality of life for you and your loved ones.

More options exist now than have ever existed, due to the internet and miracles of technology. Here is a short list of possibilities:

  • Retail Arbitrage (Ebay, Amazon Marketplace, etc.)
  • Affiliate Marketing
  • Digital Products
  • Service
  • Writing and Publishing
  • Network Marketing
  • Write online courses

Consider the benefits:

1. Be your own boss. Freedom of time, travel, goals, finances: everything left to you.

2. Work according to your own schedule. Flexibility is key to enjoying the important things in life. Some things only come once. Be there for them.

3. Keep your existing job until you make twice as much part-time as you do full time. You need the momentum and confidence that comes with longevity in your work. Sometimes, you need the friction of the daily grind to anchor you to your dream.

4. Eliminate job insecurity and fear of unemployment. How much is having increased confidence for the future worth to you?

5. Self confidence increases. This factor will help you face most hurdles in life with less heartache and stress.

6. Limitations of earning do not exist. You can earn as much as you want by outsourcing, duplication, or scaling up.

7. You may enjoy tax benefits since some of your activities and purchases will be deductible. Check with your tax accountant.

8. You can retire on your own timetable. Work with a planner to see what it will take to do that.

9. Many of us work for others because of the sociability, sense of accomplishment, or praise. You can replicate that elsewhere, and make more income as well.

10. You create an asset – a vehicle that pays you money, or that you can sell or leave to your survivors.

Outside income does not come for free. It involves hard work, but is a joy, especially when you are able to exercise your strengths and passions. Listen to podcasts, read books, and most of all, find your fit and go to work.


If You Can See It, You Can Move It

Poor people watch their paychecks and rich people watch their net worth. Learn. It’s part of financial education. Robert Kiyosaki talks a lot about that, and we highly recommend reading his his books and other materials. If you’re open to learning, he can change the way you think about money, work and everything.

How does this apply? In an earlier article, we asked you to assess your resources. Then you can have life play to your advantage. You make up a game where the winning score is realization of your ideal lifestyle.

Here’s an example: 

  • A couple, call them Bill and Sally, discuss their life together. They live far from work. She’s been laid off from her job and he’s busy with his job and has little time and energy to put any real juice into their time together.
  • Bill has been tracking the family finances for a few years and the two of them together see that their net worth is growing at a snail’s pace. Neither is in a position to use their talents and both feel unfulfilled.
  • Knowing where they are in dollar quantity and life quality, they discuss how they can improve their situation. They discover that they have more assets than they thought and that they need some training and insight into what they can do differently.
  • Bill and Sally research living elsewhere and realize that living closer to town and renting for a while will have real dollar advantages for them as well as providing better opportunities and more support for the work they really want to do. They sell the house, get a good offer and move close to town. She begins to teach lessons in her specialty, they save a lot of money in transportation and food, and their social life improves.
  • Bill and Sally take some of the money they received from the sale of the house and purchase assets: house rentals, etc. They do their homework and work together.
  • Bill eventually quits the 9 to 5 because now live by design. It took work and faith, but it was worth it.

 The model is simplistic, but more than one family has made such moves. It takes honesty, integrity, study, guts and lots of faith; it is possible. Like a helmsman at sea, you learn to navigate. You stay awake and you do your work, and you may enjoy developing new skills and honing old ones.

Remember, in any game, the most important part of the game is the part you haven’t played yet. That’s where the difference gets made.

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Work at Home Now – Review


telework (Photo credit: Roberdan)

More people than ever are  making a living from home. I’ve read some books on the subject, and this book stands out for me:  Work at Home Now: The No-nonsense Guide to Finding Your Perfect Home-based Job, Avoiding Scams, and Making a Great Living. The authors take on the subject in depth; there is a lot of detail and they update on their website: RatRaceRebellion.com. While there’s a lot of hype and deception in the world right now, accurate information will save days, months and money in your search for alternative income.

What the book is NOT:

  • MLM.
  • Advice on how to set up your work space.
  • Spammy links to fee-based “directories.”
  • A guide to running a local business from your home, such as piano studio, contractor’s office, etc.

What the book IS:

  • An exhaustive table of resources for jobs with established companies that use people who do their work from home instead of from a cubicle.
  • Exhaustive in teaching how to detect scams.
  • Full of advice on how to best use Aggregator sites to find your next employer.
  • A test to see if you are ready to take the step.
  • A guide to using the internet to secure free-lance work.

The book is easily readable and packs a lot of information into a small space. The “Jobs by Type and Where to Find Them” section is almost 100 pages of tables, making it easy to find companies which hire directly for your skill set.

The chapter headings best describe their content:

  • Chapter 1: Work-at-Home at a Glance
  • Chapter 2: Are You Ready to Work at Home?
  • Chapter 3: Convincing Your Boss to Let You Work From Home
  • Chapter 4: Developing your “BS” (Big Scam) Radar
  • Chapter 5: Good and Bad Work-at-Home Job Search Terms
  • Chapter 6: Jobs by Type and Where to Find Them
  • Chapter 7: Finding Work-at-Home Jobs on the “Big” Job Boards
  • Chapter 8: Finding Home-based Jobs on Job Aggregator Sites
  • Chapter 9: Networking for Jobs, Allies, and Friends
  • Chapter 10: Virtual and Telework-Friendly Companies
  • Chapter 11: Freelancing at Home Gig-to-Gig
  • Chapter 12: Making a Little Money on the Side
  • Chapter 13: Your Telework Resume and Interview
  • Chapter 14: Tips From the Trenches
  • Appendix: Websites Mentioned in This Book.
  • About the Authors

The book is available in paperback, on Kindle, and from Audible.com. I recommend the paperback version so you can dog-ear the pages, mark it up, and find things easily. Whether you’re folding your economic parachute or find yourself in financial free-fall, this book is THE must-have guide to locating a job you can do from home and be paid reliably.

Other resource: The Simple Truths of Service

Swimming with the Tide

I came across a story today by Patrick Martin on the World Socialist Website which asserts that 100% of U.S. job growth since 2005 is in “alternative work arrangements,” otherwise known as part-time, temp, contract, or on-call. The statistics he quotes are quite alarming, particularly for workers 55 and older.

“…the figure for those aged 55-74 rose to 23.9 percent, nearly one in every four workers in the oldest age bracket…figures were sharply up from 2005 and 1995.”

Read the whole story here.

Martin goes on to say that the proportion of contingent workers holding multiple jobs has quadrupled in the past ten years from 7.3 percent in 2005 to 32 percent in 2015. One out of three people working for wages only are working two or more jobs just to make ends meet.

What does this mean for us on a day-to-day basis?

Consider these actions:

  • If your current job has benefits (health insurance, 401(k), etc.) and you are capable and established, be grateful and be sure to continue to make yourself useful there for as long as it makes sense.
  • Create assets for yourself:  fund your IRA, seed your savings, explore other assets you can purchase or create such as real estate, business, and/or intellectual properties. Continue to improve and broaden your skill set. You may be packing your own parachute if employment trends continue in the way they’ve been going.
  • Supplement your personal protection:  buy personal Disability Income and Life Insurance, Annuities and investments. Learn about these vehicles to find the best products for you, and learn how you will use them in the future.
  • Keep your attitude positive and forward looking. Never leave something for nothing. Discover your strengths, set your priorities, and keep true to your ideals.

Life is interesting right now and will only become more interesting in the future. (Interesting is a polite way of saying “tricky” or “difficult.”)

Younger people should spend time with and learn from older people. Learn from those who made wise choices as well as from those who did not. It’s your way of skipping to the last chapter of your own book of life to see how it is going to turn out. Copy the strategies of those who chose well in order to avoid the regrets of those who did not.

Whatever you do, do not stick only with the “automatic” plan. (You have no guarantee that what you have through work alone will be enough.) The “automatic” plan is like going to Las Vegas with the notion “I’m Lucky” as your  plan of action.

If you need or want additional, supplemental, or replacement work, here is a resource that might be useful to you:  Flexjobs.com.

Here is what some reviewers have to say:





What are you doing today that will affect your tomorrow? We’d love to hear your comments!

10 Years, 5 Years, Next Month? What’s New?

I have asked this question of five people (counting myself) in the past day:  “How are things going to be for you ten years from now?”

The answers are, generally, “More of the same, unless something changes.”

My challenge today is:  “What decisions will I make in the next five minutes that will impact the future?” Today, I choose meaningful, creative, constructive work, rather than comfort.

And I choose to take my comfort in that.

How about you?