Top 5 Reasons On Why We Need to Look at Different Ways to Making Money
My intention of writing this blog is to discuss on the changing economic and financial scenarios and how they are influencing our lives and our future and why we need to come out of our shells of traditional money making ways and start looking out for other options available in the market. Here I present the “Top 5 Reasons Why We Need to Look at Different Ways of Making Money”:
1. Peace Of Mind/Backup Plan
We are always in the lookout for peace of mind in our day-to-day lives. We are in a financially uncertain world and it is increasing day by day. We worry about terrorism. We worry about war. We worry about earth quakes and tsunamis. We worry about losing our jobs. All this directly or indirectly is affecting our financial situation and peace of mind. As I hear from my friends “When our neighbor loses a job it is called recession, but when we lose a job that’s depression”.
This worry is understandable, given the state of the world at the present time, but there is no question in my mind that, with the right attitude, right tools all of us can rise above any situation that life hands us. All of us can live a fulfilling life in the middle of the turmoil provided we have a backup plan for our finances, something on which we can fall back on in times of need.
2. Dream Circle
When we were kids, we always dreamed of beautiful and ambitious things in life – huge lake front houses, sports cars, breathtaking vacations, grand parties and the list goes on and on. But when we grow up, start working on jobs and make money the reality of life hits us. We slowly start shrinking our dream circle to force fit the dreams into our income circle.
Nothing wrong with what we are doing, it is just that the way we are making money does not provide us those options. As Robert Kiyosaki says from childhood we have been always taught to get a good education, get a good job and our life is set. But in reality, making money and chasing big dreams does not come with the traditional jobs.
3. Happy and Balanced Life
How many of us get so lost in the mad race of daily routine and lose control over our lives? Life becomes like a treadmill, where every morning we are going to work, coming back in the night and repeating the same everyday but nothing changes in life, you are at the same place. We are guilty of letting our life control what we do instead of being in control of our own time and life.
The reason for working multiple jobs and making money is to create a happy and secure life and we end up putting so much time and effort in the process that we lose focus on why we are doing this. So where do we draw the line and how do we strike a balance?
We need to understand one harsh reality of a job is that it is an active income. Once we lose the ability to work or we lose a job, the income stream comes to a screeching halt. Creating an ongoing secondary income on the side will help relieve the mental stress of a job and helps us plan our priorities better and lead a peaceful and balanced life.
4. Fire The Boss
Given a chance, we always want to be our own Boss; we always want to work in our own terms, in our own ways, implementing our own ideas. Aren’t we sick of coming up with new excuses daily on why we are late to work or why a certain work was not done, so on and so forth?
A secondary income may not completely eliminate the boss right away but at least give us better chances. Something is better than nothing. If at certain point in time, once we see consistent success through the secondary income source and we can always decide to Fire the boss and walk away like a free man. A tiger in the jungle is always happier than the tiger in the circus.
5. Fight Inflation
In 2003, the gas prices were under $2 a gallon, how much is it now? Hovering around $4 a gallon? The gas prices have gone up 50% since 2003, how much did out salaries go up? Similar way, consider food prices, car prices, insurance prices, everything has gone up may folds; did our salaries go up in the same proportion? The answer is a big scary NO.
If we are putting all our eggs in one basket called JOB, our life style would in fact keep going down as time passes by and we will never be able to even catch up, forget about thinking of having a better lifestyle.