June 22, 2006

Multiple Streams of Income

I wrote once before about using multiple streams of income, preferably from sources that you have control of, to reduce your vulnerability to loss of income. Here's an example in action:

My wife is a great scrapbooker. If you don't know what it is, think of photo albums with fancy embellishments. She has recently made a new website, My Crop Room, that she's going to make into the scrapbooking resource for beginners. In doing so, she plans to make a small amount of money.

It may only be a few hundred dollars a month, but it makes us that much more self-reliant and independent. As Martha Stewart would say, "It's a Good Thing." Chalk up one more for the Payne entrepreneurs.

Filed under Blog Reviews, Entrepreneurship, Money Making/Saving Strategies by

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