How to increase income or survive hard times?

Hobby

Common knowledge is if you stock in times of plenty, you will have a better chance to survive days in need. It is even more important to plan ahead in good times when being focused on things you really enjoy. Being relaxed and working out your passion will open new income opportunities. Everything needs its time to mature. That is very true when working on new ideas opening a new income stream. As soon as you feel financial pressure, your focus changes and it is much harder to make good decisions.

As they say you win or loose in your head! For instance if you treat each decision as investment, looking at the return on each Dollar you spent your will change quickly attitude. And that is exactly needed to increase income. For instance it is a lifestyle changing decision to choose to install a solar hot water system or a new car. Still the sun offers tax free income or cost savings.

It is your way of life renting by increasing rent towards your retirement or working harder, paying off a mortgage and retiring in a freehold property. You could convert native land around your house into a fruiting oasis. Invest in a wood-burner if you get as tradesperson firewood for free, or what do you think about a wind turbine at your hillside?

You might realize I don’t speak about rocket science, basis principles are applicable everywhere. When choosing your new family home is the roof suitable for installing solar panels? Can you convert your hobby into something that makes you happy but also pays for your enjoyment or leisure time like doing handmade stuff? Keep your brain going until – yes - you found something that works for you and your family. The result makes you bigger, bigger as you are today.

 

Be pro-active – prove yourself

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