Thursday, December 8, 2016

Multiple Streams of Income

When talking with John Mosby during down time at class the group discussion hit on some other things. One of them was that our empire is deterioration. A sub set of that particular problem is the economy.

He mentioned to the group that we should be thinking about ways to diversify our incomes. One guy was high up in a big city fire department so his job was probably secure and I am in the military so my job (especially since President Trump was elected) isn't likely going anywhere. To the rest he said they should think about ways beside their normal job to earn some money.

I have been thinking about that myself.

A couple ideas come to mind.

First we have to consider when we are looking at this stream of income working. Do we want it to work now? Or are we angling for some sort of worst case scenario type thing?

Obviously a lot of stuff that could work now would not work in some worst case scenario, like say doing tax accounting part time or selling digital books on amazon. On the other hand lets say, as I am seriously considering doing, a guy takes up leather working. I could get really good at it and still not be able to meet the quality to price ratio of a lot of mass production shops like Bianchi or Galco. When a guy can get most imaginable items in 2-4 days on Amazon for a mass produced price how can I compete without being a legitimate master? I probably can't, especially when true professionals are a  phone call and a UPS package away. Now lets say our world got a lot smaller in a hurry. Like walking/ bicycle distance smaller. How many guys are going to be making custom holsters for whatever handgun people pull out of their closet in a 5 mile radius? Probably not many. Figure you do mag pouches and sheathes also and it could be a decent job.

The point I am getting at is to figure on when you are looking for the income then make a plan.

I pay a lot in child support but I also make good money. Not like my expectations or lifestyle are too fancy so stuff works out just fine for now. Still I don't like single points of failure.

So I want to have a couple other streams of income. Lets say 3. How much money do I want to make? Well I would like to make 500k a year. More realistically if I made somewhere between several hundred to a couple grand a month that would give me a lot of options. Even if my normal job fell apart somehow I would have something coming in. Maybe even enough to pay the no fail bills like power, fuel and food. On the high end of those figures I could even pay rent.

So how could I do this?

My first plan is to get the blog earning again. For a few reasons I plan to do it more on a commission basis than folks paying for advertising.

Writing. I have been writing fiction again. Hope to put a book out on Amazon in the first quarter of next year.

Also to ask you all a question. If I put together a nonfiction type work that is a mix of selected blog posts and some new stuff then charged say $5 for it would you all be interested? I'm definitely still framing this out in my head but it would give you my take on a lot of stuff in one place.

Both of those are in the works. If you have constructive ideas I would love to hear them. 





5 comments:

cryptical said...

I'd buy it, I enjoy reading your blog and I can't even get lunch for $5. Check into the Kindle store, I get most of my reading material from there these days.


Unknown said...

I'd be down for five bucks. Especially if it was around your line gear type posts, prepping related, survival stuff. You have a great way of breaking that down. Not cocky and willing to say where some selections went wrong.

--LC

The Displaced Louisiana Guy said...

Leatherworking is awesome. It's interesting: you can legitimately get really good in a short-ish time by doing it all the time, and constantly reading the forums. There are some really good tutorials out there, and there are some forums that have true master of the craft (like Matt Del Fatti) that frequent them and will answer questions. I've come a long way with it in the 2 years since I made you that holster, and am actually able to earn some decent pocket money at it. Yes, I can't compete with El Paso Saddlery but like you said, in a meltdown situation, it's a great skill to have.

Good luck if you decide to get into it, and if you have any questions I can help with, you have my contact info.

EagleSeagle said...

Mutltiple streams of income? Work smart, not hard...Goldtadise.com
My handle is EagleSeagle

Anonymous said...

Yes, I would be interested in your book. Also willing to pay $5 for it.
Annie Mouse

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