It is a very popular question to ask these days in light of what’s going on these days.
Listening to the constant news of rising unemployment, exploding deficits, and weak economy growth can give us depressing thoughts about our futures But don’t worry. In today’s article, I am going to share with you some hopeful news! Yes, it is possible to make extra income!
No matter what is going on with the economy, you can recession proof your life! You can make money in a bad economy!
How? By creating a family economy!
What is a family economy?
It is creating several streams of income by each family member starting and running their own businesses.
It’s a lifestyle of entrepreneurialism.
What if you are single and have no spouse or children? Think about creating multiple streams of income.
Why does this matter so much to me? Because my husband and I have also needed to know how to make extra income. Last summer, we attended a homeschooling family economy conference. It was inspiring and confirmed for us that we are on the right track.
Then not long after that event he came home from the office saying, “That’s it!” It was another frustrating day of strange events and he decided he had to do something about it to advance his career. He contacted a possible freelance client and discovered that the best way to contact this company was through Facebook. He has never jumped on the social media bandwagon and he doesn’t even have a cell phone!
So he came home determined to do something about that. I helped him get a profile on Facebook and he connected with his prospect. The prospect wrote back and wants to meet with him to see how they can work together! Now he’s committed to developing a relationship with this potential client so he can eventually do freelance work for them. His plan is already working!
This was a little step he took to reach his goal of being self-employed.
Because our vision is for us to run several successful businesses out of the home. Not only that, we will involve our son and teach him to be an entrepreneur, encouraging him to run his own business at a young age.
There are many benefits to this, not just monetary. For one, we are all helping each other as a family unit. This makes us stronger and deepens our relationships. We will have the joy of spending time together working hard toward a common goal. Our family will truly be integrated, and our son will learn the value of hard work. He will be prepared for his future, whatever he decides to do.
Single? Create multiple streams of income. Think about cross-selling and upselling. For instance, if you provide a service where you blow out sprinklers using an air compressor, also provide pool service or sprinkler repair service.
Just make sure you don’t spread yourself too thin and not give 100 percent to each business!
Creating a family economy is an exciting endeavor! And the benefit is you will learn how to make extra income!
An endeavor that will enable you to have a dazzling future!
Want to learn more about how to make extra money? Download my free ebook on how you can create your own family economy.