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Archive for the ‘residual income’ Category

Money: Extra Income

09 Jun

I like money. I am unabashed about my appreciation for it. However, I lack the stereotypical cutthroat ruthless drive for it. Some people feel it’s necessary to step on others and damage people to make a living. I don’t feel that’s required.

Business-like should mean honest, respectful, reliable, and professional, not a grudge match that belongs in kindergarten or grade school. I also don’t mean one should work for free (unless you are volunteering out of a spirit of giving), or be exploited, but people should be fairly compensated for their time and effort.

Money brings up the ugly, dangerous, and scary in people. I often wonder if they understand what it is and the actual purpose of it. It’s a tool. It’s legal tender. It’s the satisfaction for the cost of goods and services. Not the root of happiness or evil.

My motto is to work hard, be masterful about it, and be as highly compensated as possible.

Nothing is free. The moment anyone spends time doing something somewhere, energy is being consumed / expended, which is cost. Time is passing and someone is using their brains to make, create, or contemplate, which is also cost.

On occasion, even as I work full time, I have always sought out extra income: be it part-time, or something I’m selling on the web, or in classified ads. What I’m mystified by are the reactions of some people once they see or guess the nature of my background – be it employment or education.

Their reactions have the air of: Don’t you make enough? What are you doing here?

I wonder why they feel entitled to have that kind of arrogance towards anyone WILLING and able to WORK. Years ago, I had one chick tell me she hopes my social experiment was successful. I just smiled at her. Money is money. I didn’t consider the job beneath me. That strange disappointment was on her.

I’ve worked since I was 10 years old. Even while I was in college working part time, I earned extra money typing up documents for people. Whenever there was an opportunity to make more, I grabbed it.

What’s different today is the opportunity for residual income has increased exponentially. There are so many opportunities via the web that time is the only handicap. These opportunities must be researched, tried, and constantly tinkered with, but once one is successful or satisfied with the outcome, there are only more opportunities to try.

I’m slow about it, but I think I’m finally catching up with my expectations.

 

Your Money or Your Life

28 Dec

Your Money or Your Life, is the non-fiction book by Joe Dominguez and Vicki Robin. It describes in a no-nonsense, hype-free manner, the step-by-step way to transform a life full of debt without direction to one of financial freedom and limitless possibilities.

It is not a get rich quick book. To me, it is a how-to on thriftiness, frugality, being poor (not really) and loving it. However, they answer a universal question (well, my universe): Where do I get the time and money to follow a few dreams? The authors flip a number of because-that’s-the-way-it’s-done on its head.

Freedom from debt is the goal. The solution they offer, goes up against a lifestyle of consumption, debt, and scrambling to keep up with the Joneses. Debt is a ball and chain. If it becomes big enough it distorts most decisions made in life.

I’ve read the book several times, it is one of the few I have dogeared. Most books I read are so pristine they look new. I’ve read (and still read) it religiously, but honestly, I am unable to follow all of their advice. In some areas, I can, but the whole kit-and-kaboodle? Nope.

Trying to manage my spending is like trying to watch my eating – it’s an eternal diet. I’ve tried to record my eating and spending. After a while I just forget (fatigue of trying) to tally every penny spent and every bite taken. I can follow most of the goals and hurdles set forth: it is the last steps that I can’t handle.

Your Money or Your Life, is great at emphasizing how to take back control of your life. It’s fantastic for all areas of any sort of money management you desire to follow. Get a different job, a change of “career”, move to a dream location and just be ready to make sacrifices.

It’s an excellent book because of that reason alone.