One of the greatest epiphanies I have had over the last few years is that a job is simply 1 revenue stream.
If your job is your only revenue stream, you should start to worry.
Those are the two most important sentences of this entire post. Memorize them. Write them on your bathroom mirror. Look at them every day.
I have multiple revenue streams. I’ve been working on them for at least 13.5 years. I could argue I’ve been working on them since I was a little kid.
They have never mattered more to me than in October when I had what was my dream job and my boss (who has since left that company) laid me off. I loved that job (most aspects of it). I didn’t want to lose it. I was excited about building the awesome program I was hired to build. And then she took it all away from me.
Like in 2006, when a committee of people, persuaded by one (wrong) person, took it all away from me. Thank goodness, because that started me on my JibberJobber journey.
But, there is one HUGE difference.
In 2006 I had 1 revenue stream: my job. That committee took away 100% of my income.
In 2018 I had at least four significant revenue streams. And while I made very good money at that job, she didn’t even take away 50% of my income.
I say that not to brag. I say that because getting laid off from a job where you walk away and can still pay your bills, where they weren’t able to destroy your income, where you could refocus on other streams, and you even have some breathing room, is FREAKING AWESOME.
I want YOU to experience that.
But you won’t, if your job is 100% of your income.
Have More Than 1 Revenue Stream
Something important to note is that I got laid off at the beginning of 2006, and then the end of 2018. That gave me 13 years to build up multiple revenue streams. This idea of building other revenue streams can take time.
Best time to plant a tree? 20 years ago. Second best time to plant a tree? RIGHT NOW.
Best time to work on multiple revenue streams? 20 years ago. Second best time to work on multiple revenue streams? RIGHT NOW.
I have empowered you with a networking and follow-up tool. I have empowered you with motivation, tips, stories, and ideas on my blog. I have empowered you with my book 51 Alternatives to a Real Job. If we ever talk, this will be my message to you.
Please, get on the path to multiple revenue streams. It is WORTH IT. You may fail sometimes. But as you learn, and some of them work out, and they grow, and you experience the sweet freedom that multiple income streams provide, you’ll never look back.
When I started JibberJobber my goal was this: to create $100 a month in income. Why? So that when I got laid off the next time, the person who did it would not be able to take away 100% of my income. And 13 years later, sitting in that room, I couldn’t help but think that I was losing less than half of my income, and it didn’t financially hurt.
That is freedom and independence. And I want that for you.
Join me in this journey of freedom and independence?
You do this by securing your first revenue stream (usually your job). But you work on getting away from 1 revenue stream. There’s no secret in this: you should have more than 1 revenue stream! It will take work, but it will be so empowering once you create your own portfolio of multiple revenue streams!