Multiple Income Streams
If FIRE is truly your goal, then consider creating multiple income streams.
That's right! Spark a fire. Then keep building it so it doesn't fizzle out.
The trend toward a gig economy is real. A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors.
Whether or not the study proves to be correct, the 9-5 lifestyle just might be a thing of the past for you. If so, what would you do if you never had to step into the office for a full day ever again?
Ideas for multiple income streams.
There are many ways to have a side hustle these days. You don’t even have to start a business to do so.
This includes freelance writing to renting out your car. Investing in rental properties is a great way to create cash flow too.
During my weekends, I taught yoga and wellness workshops at the local hospital. I also worked the front desk of a yoga studio at one point too.
8 Ways I Created Multiple Income Streams
- My 9-5 job
- Guest write for wellness websites
- Teach yoga
- Rent out my condo on Air BnB
- Rented out my car
- Invest in index funds
- Answer online surveys
- Run a blog biz: NotABondGirl
There are a gazillion more ways to reach financial freedom. But you don’t have to do it all! Try out 1 or 2 that get you excited and go from there.
As with everything in life, the fun part is the journey, not the destination.
I got to experiment with different types of side hustles. I eventually got to get a feel of what I enjoyed doing and let go of the activities that were not as enjoyable.
Got a few hours on the weekend? Answer online surveys at your own pace!
The more you sign up with different companies, the more surveys you receive and more opportunities to make money. Here are a list of trusted survey companies that are free to join, free to use:
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