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Re: Diversifying Income
I love reading Thrifty Ray's blog, and other blogs, where people do not have a full time single source if income. There is something very appealing about not having any single employer have you for too much time-I'd imagine it'd be freeing.
That said, I am pretty comfortable with my civil servant job. Even if there are lay offs, even if I am demoted due to restructuring or changing laws, I feel comfortable that I will have a least some position with the county. There is a fair amount of turnover, so at 6 years emplyment if they laid off 50% of people I'd be around. And, I like the idea that any ting I do that is helpful benefits the public not a corporation.
I do not want to "work" more hours than I do now, but it would make sense for me to look at an y hobbies in the light of income. If I lost my job, could I make and sell jam and bath salts? Could I help others budget? Could I learn more about investing? Could I work a "regular" job part time and do other things the rest of the time to increase income?
Good stuff to think on.
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