Comments on: Safeguarding Your Income http://www.consumerismcommentary.com/safeguarding-your-income/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 12 Feb 2012 20:01:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Jabs http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-196022 Matt Jabs Wed, 22 Jul 2009 18:21:15 +0000 http://www.consumerismcommentary.com/?p=7135#comment-196022 AMEN Enrique! AMEN Enrique!

]]> By: Enrique S http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-196020 Enrique S Wed, 22 Jul 2009 17:45:32 +0000 http://www.consumerismcommentary.com/?p=7135#comment-196020 My job is currently my primary source of income. I say currently, because just like Matt, I'm working on building my side income until I'm financially independent. My job is currently my primary source of income. I say currently, because just like Matt, I’m working on building my side income until I’m financially independent.

]]> By: Flexo http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-195768 Flexo Fri, 17 Jul 2009 06:42:58 +0000 http://www.consumerismcommentary.com/?p=7135#comment-195768 Interesting concept. For me, I'm looking at something like: <ul><li>Job: 50% time, 30% income</li> <li>Side job: 48% time, 70% income</li> <li>Hobbies: 2% time, 0% income (more outflow, actually)</li></ul> Interesting concept. For me, I’m looking at something like:

  • Job: 50% time, 30% income
  • Side job: 48% time, 70% income
  • Hobbies: 2% time, 0% income (more outflow, actually)
]]> By: jason http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-195749 jason Thu, 16 Jul 2009 19:37:42 +0000 http://www.consumerismcommentary.com/?p=7135#comment-195749 I have never really thought about making a chart like that. That is definitely a good idea. That way I know how my time is divided and where income comes from. Good points. I have never really thought about making a chart like that. That is definitely a good idea. That way I know how my time is divided and where income comes from. Good points.

]]> By: Beth Dargis http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-195740 Beth Dargis Thu, 16 Jul 2009 15:22:43 +0000 http://www.consumerismcommentary.com/?p=7135#comment-195740 What great ideas. I have multiple sources of income and don't always have an idea of how much is coming from where percentage wise. What great ideas. I have multiple sources of income and don’t always have an idea of how much is coming from where percentage wise.

]]> By: Matt Jabs http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-195739 Matt Jabs Thu, 16 Jul 2009 14:05:27 +0000 http://www.consumerismcommentary.com/?p=7135#comment-195739 All great points. Love the quote, <em>"wealth isn’t how much you make, but how much you save."</em> I do not make a ton of money from my side income... YET! So I rely on another consideration, namely the long-term benefit of sustained progress toward my side income. It may not be earning now, but if you keep at it... the payoff could be amazing. :-) All great points. Love the quote, “wealth isn’t how much you make, but how much you save.”

I do not make a ton of money from my side income… YET! So I rely on another consideration, namely the long-term benefit of sustained progress toward my side income. It may not be earning now, but if you keep at it… the payoff could be amazing. :-)

]]> By: Eric @ FPP.COM http://www.consumerismcommentary.com/safeguarding-your-income/comment-page-1/#comment-195738 Eric @ FPP.COM Thu, 16 Jul 2009 13:08:50 +0000 http://www.consumerismcommentary.com/?p=7135#comment-195738 Great post Jeff. I think the advice of having more than one income source is echoed in a lot of places. One of the places I first read it was in The Millionaire Next Door, which is an all-time favorite for me, even to this day. I think another definition of risk is having no ability to go out in the market somewhere and earn a living on your own - through your own skills or by having a solid network to leverage off of. Where so many people get caught unaware is when they get the pink slip and haven't prepared in advance. Great post Jeff. I think the advice of having more than one income source is echoed in a lot of places. One of the places I first read it was in The Millionaire Next Door, which is an all-time favorite for me, even to this day.

I think another definition of risk is having no ability to go out in the market somewhere and earn a living on your own – through your own skills or by having a solid network to leverage off of. Where so many people get caught unaware is when they get the pink slip and haven’t prepared in advance.

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