Multiple sources of income

In this economy where most people’s home equity is now negative, the retirement funds have been decimated, companies are outsourcing in increasing numbers, the states are cash strapped enough to start cutting the benefits and pensions of public employees, where living paycheck to paycheck have become the norm of majority of people and there is uncertainty regarding the job you have right now, would it not be nice that everybody had multiple sources of income coming in. although for most of the people it can be fantasy since they believe that you need a lot of money (which they already don’t have) to start a business, but for the truly adventurous and challenging person, it can be done.

Indeed it is true that sometimes you do need a lot of money upfront (like for a franchise or some manufacturing business) but you can still start small with less money and work your way up. Nobody has ever said that you should start your business in a grandiose way. Starting small means that you need less money and even if you lose that, you have gained some experience. Nowadays every little bit of help counts and if you can earn even few hundreds each week doing something besides your job, it can help in a long way in solving some of your financial problems, besides making you do something in your free time and at the same time making money in the process. In the next few posts, I will try to give a hint of what you can do to make some extra cash.