Why A Second Income Sometimes Isn’t Enough: April 2018 Budget Update

MORE THAN ONE INCOME STREAM DOESN’T MEAN YOU’LL BE RICH!   When people tell me that they earn a second income I’m impressed and nosey at the same time. Who wouldn’t be? I’m always keen to understand why people choose to earn extra money whether it be to get ahead or to stay afloat. A few months back I had a gentleman send me an email to ask about a third income stream because the money he earned wasn’t enough to make ends meet. As you know I worked two full-time jobs for many years just to get my foot in the door to where I am now a permanent employee but it’s not something that was easy. Sometimes I dread thinking back to all the time it took away from my family but it was something I did for all of us. A second income however doesn’t mean a second full-time or even part-time job it simply means earning extra money aside from your main money source. There are many of you reading this right now who probably have multiple money streams and YES that is awesome but as we all know the best money earned is that where […]

Should You Have More Than One Income Source? : Our August 2017 Budget Update

MORE THAN ONE INCOME SOURCE DOESN’T MEAN YOU HAVE TO TRADE HOURS FOR MONEY PROVIDED YOU KNOW YOUR OPTIONS. Someone asked me the other week how I was going to adjust to having only one income source now that I’ve resigned from one of my full-time jobs. I responded by saying that it won’t bother me one bit, at least not right away. Why? I can finally breathe and try to get my life back on track because I felt like I was on autopilot for all those years even though I enjoy what I do. Thankfully we have income sources that earn us some extra income such as this blog and our retirement investments, but are they enough? That depends on how much money we’d like to make and without much effort. Unfortunately the blog does take lots of effort so we do have plenty of room for improving our income source options. Having more than one income source sounds draining especially when you’re already working full-time and any available overtime. Some couples only have one income source because either/or become a stay-at-home parent until their children are in school full-time. My mum did this while my father worked in […]

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