Diverse Interests Create Diverse Income Streams

cash-moneyThe more interests you have, the happier you will be. Imagine if one of your hobbies is analyzing clouds, or cumulonimbuses for the scientifically savvy. You could step outside any time during the day and entertain yourself for hours.  There are so many things around us that our minds tend to filter things out so we can focus on more important tasks.  If we stopped to admire everything, we’d probably never get anything done!

Income diversification is important during weak economic times since you never know when one stream might dry up.  However, the funny thing is that I’ve never purposely thought about creating new income streams for the purpose of diversification until this year.  Instead, my diverse interests have lead me to have a diverse amount of income!  It never occurred to me to count up my non-job income and figure out what percent it is of total income. But, as I started adding things up, I was amazed to realize some months would regularly achieve 25% and up to 50% of my gross base salary!

VARIOUS EXAMPLES OF INTERESTS THAT CREATE INCOME

If You Plan To Speak Forever, You Can Blog Forever

One of the best things about running your own blog is that you can write whatever you want, whenever you want.  There’s really no pressure to do anything really, and I don’t understand why some would feel otherwise.  Several blogging buddies have gone straight up cold turkey, not writing anything for months.  They tell me they can’t keep up with the schedule of writing great content.  Who says content has to be great?  They say new jobs lead them to not have the time.  Are you working 100 hours a week?  I’m sad because I miss their posts and our interactions.

Blogging shouldn’t be a chore, it should be easy.  Blogging is writing, and writing is like speaking, which comes as naturally as breathing.  Surely you speak everyday to people, whether in a fun or work setting no?  If so, why is it so hard to put some words together on paper and press publish?  Oh yes, we’re afraid of what people will think of our writing.  Yes, it’s sometimes a debilitating feeling.  We feel we should always try and write something meaningful and profound.  Gimme a break.  We’re bloggers for goodness sake, not the authors of Crime & Punishment and The Invisible Man!

Look around the blogosphere.  There’s hundreds of non profound posts out there.  There are posts about doing this and that when the author has no clue.  Boring makes up an extraordinary majority of articles on the internet, so don’t worry one bit if your post has the personality of a waxed figurine.  Although we’re only a small micro fraction of the web, I’m pretty confident that someone will find us interesting.  Don’t believe me?  Try putting the worst piece of crap on Craigslist, and I guarantee you tons of people will ping you to pick it up.

If you speak at all, you can write.  And if you plan on speaking forever, you can write forever!  Come back blogging buddies, come back.

Bloggers, what are your reasons why you don’t write more often?  Is blogging easy or hard?  Non bloggers, share with us your excuses as to why you’ve stopped working on some endeavors such as a New Year’s Resolution?

Regards,

Sam @ Financial Samurai – “Slicing Through Money’s Mysteries”