• Tweet
• Sharebar

• Tweet

Presents under the tree, courtesy of my residual income check

Late this year the US government finally admitted that there might be a recession going on, but some of us have known it for a long time.  I started this year with three streams of income  – a consulting position that led me to Russia back in January and provided a steady income through May; a customer service job that took up a lot of my time but paid weekly; and my home based business which I worked sparingly because the other two left me drained.

The consulting position began to fade away in April, and had disappeared altogether by late May, thousands of dollars in income just gone bye bye. But that was OK, because I still had the customer service job, I was working for an online Real Estate service providing instruction and a helping hand to their clients. Unfortunately, it was Real Estate and we know what happened to that market – the weekend before the 4th of July I got a call saying that my last check was in the mail, and they were really sorry and blah blah blah.

That left me with my home based business which I threw myself into working for a while, until I lucked into another consulting position which offered a great salary,long term income, and financial stability for me and the fam.  I was very busy working long hours, traveling quite a bit and again unable to work my home-based business because I could not be as available to my down line as I like to be. Well, as we all know shift happens and it happened to me again.  Another one bit the dust due to the gloomy economic outlook and the reluctance of many of our clients to invest in “frivolous” upgrades to their existing systems.

And that left only one leg of my three-legged stool /streams of income. Fortunately for me, the sporadic bursts of involvement in my business had produced three promotions within 8 months which meant a strong  and deep downline. The residual check that I receive from my business pays bills, buys groceries, allows me to donate to charities. In this season of  giving I worried that there would be no Christmas dinner and no presents under the tree (due to some other issues that I will discuss in another post, as well as the fact that recruiting is so difficult in December). While I searched for a job and worked on upgrading my skills, I also set a dollar amount of what I wanted my business to produce so that I could purchase a present or two. My  home based business came through for me again and… well every picture tells a story don’t it, so just check out the picture. If working my business in a part-time way can provide this much financial freedom , what could persistence and consistency bring us next year?

Tell me are you better off than you were a year ago? How many streams of income do you have going? Are you actually working your business or are you waiting for it to produce “income while you sleep”?