Jul 132012
 

Once In awhile we have to step outside of our comfort zone and try to learn something new. After all it’s the experiences we go through and how we interpret them that gives us our individuality and unique appeal. After my friend told me she recently had a baby girl it made me think about what I’ve been doing for the last year.  Reflecting on my current situation it really hasn’t changed much from this time in 2011. The stock market and my investments haven’t increased all that much. I still prepare meals for one. And still haven’t made a penny from my blog yet, haha. At least am on track to meet my financial goals for the end of this year, but maybe it wouldn’t hurt to mix things up a bit.

So starting next week I’ve decided to do the following.

  • Research alternative investments. In particular, farm land investing. That’s right, maybe I’ll have my own farm one day! I think agricultural land is a great low-risk asset which provides the benefit of a bond (yield) as well as inflation protection.
  • Go on a date. I have some of those 2-meal deal coupons for A&W. It would wasteful if I just let them expire   (o.O)
  • Make some online income, at least enough to cover the cost of running this site (^_^)

Image source: farmlandinvestmentpartnership.com/

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Random Useless Fact: Before 1975 the US dollar sign ($) represented foreign currency. Also the “$” symbol has never appeared on any U.S. currency. Not even the 1 dollar bill. (source)

Sep 202011
 

“How much income do teachers make?”
“He’s a book keeper? I wonder if his income can support his family.”

Sometimes we assume a person’s income level based on their line of work. But this mindset is dangerous and can limit our earnings potential. Because if we accept the idea that our jobs dictate our incomes, then our motivation to earn more income will be constrained by the limitations of our jobs. However, a job salary is just a piece of the income pie. So instead of getting stuck thinking about how to get a promotion, let’s focus on the bigger picture. How to increase our income, period. Which of course will include how to get that promotion.

Income can appear in many different ways. We can invest and slowly turn our savings into investment income. Or get a part-time job. Income can also come from rent.  If we had any technical skills, (writing, drawing, speaking) we could do freelancing. Or find online micro jobs from sites such as AmazonMechanicalTurk or MicroWorkers to make a few extra bucks.  Even recycling plastic bottles can be a small but stable source of income if we so choose.

So let’s avoid the income/career trap and think outside the box. Think about how we can increase our income from any source possible, rather than just how to increase our income as employeesヽ(´ー`)ノ