Sunday, May 31, 2020
2019 Theme of the Year Income Streams
2019 Theme of the Year Income Streams If youve followed my blog for the last few weeks you know I recently lost my dream job. You also know that when I was told your last day will be November 30th, I was sad really sad. But I was also thinking about my other income streams. 13 years ago, when I got laid off and catapulted towards a new career direction, I had no other income streams. A small committee at the company I worked at voted to lay me off. No big deal, just a business decision. But they took away 100% of my income. I vowed to not allow any one person to take away 100% of my income ever again. My plan became to create JibberJobber, and hope to earn $100 a month. Thats not much money, but at least they wouldnt be able to take away 100%, right? And so there I was, sitting across the table from my boss, getting laid off. Weeks before Thanksgiving. Shortly before Christmas. Happy holidays to me! But, I had accomplished what I had set out to do. This person, who left that meeting with her title and salary and benefits and ownership intact, could not, did not, take 100% of my income away. And for that I was deeply grateful that all the work Id put in these almost-thirteen years paid off. What Ive been thinking about all weekend is that I want YOU to be as empowered as I was. I want YOU to be as prepared as I was. I want YOU to have multiple income streams. I dont know what is right for YOU, and I warn you that it might take thirteen (or more) years for YOU to create even one decent income stream (which might come after a number of failed attempts). Maybe youve heard this one: Q: When is the best time to plant a tree in my yard? A: 20 years ago. The second best time is NOW. Lets shift that to income streams: Q: When is the best time to create another income stream? A: 20 years ago. The second best time is NOW. How does a job fit into this? I want you to get to the point where, instead of saying I got a new job! you say I got a new income stream! Yes, jobs are (can be) great. Yes, most everyone should have a job. But I want you to get to a point in your career where you see your job as an income stream. Income streams are power. I want you to have that power. And that is why income streams is 2019s theme of the year. 2019 Theme of the Year Income Streams If youve followed my blog for the last few weeks you know I recently lost my dream job. You also know that when I was told your last day will be November 30th, I was sad really sad. But I was also thinking about my other income streams. 13 years ago, when I got laid off and catapulted towards a new career direction, I had no other income streams. A small committee at the company I worked at voted to lay me off. No big deal, just a business decision. But they took away 100% of my income. I vowed to not allow any one person to take away 100% of my income ever again. My plan became to create JibberJobber, and hope to earn $100 a month. Thats not much money, but at least they wouldnt be able to take away 100%, right? And so there I was, sitting across the table from my boss, getting laid off. Weeks before Thanksgiving. Shortly before Christmas. Happy holidays to me! But, I had accomplished what I had set out to do. This person, who left that meeting with her title and salary and benefits and ownership intact, could not, did not, take 100% of my income away. And for that I was deeply grateful that all the work Id put in these almost-thirteen years paid off. What Ive been thinking about all weekend is that I want YOU to be as empowered as I was. I want YOU to be as prepared as I was. I want YOU to have multiple income streams. I dont know what is right for YOU, and I warn you that it might take thirteen (or more) years for YOU to create even one decent income stream (which might come after a number of failed attempts). Maybe youve heard this one: Q: When is the best time to plant a tree in my yard? A: 20 years ago. The second best time is NOW. Lets shift that to income streams: Q: When is the best time to create another income stream? A: 20 years ago. The second best time is NOW. How does a job fit into this? I want you to get to the point where, instead of saying I got a new job! you say I got a new income stream! Yes, jobs are (can be) great. Yes, most everyone should have a job. But I want you to get to a point in your career where you see your job as an income stream. Income streams are power. I want you to have that power. And that is why income streams is 2019s theme of the year.
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