Friday I reshared some ideas on creating multiple streams of income. I get emails from people who own a business saying they are doing the same thing – creating multiple products/services that can generate various types of income (passive, etc.).
I think some job seekers (or happily/unhappily employed people) wonder if they can have multiple streams of income, and if so, how do they do it?
Let me relate a story. Growing up I knew my dad, who worked for the government, could not have a side business. Not only did he work all the time (so he had no time to pursue something else), there were policies in place precluding him from having a side gig.
That, I thought, was normal.
I didn’t think too much of it. I was that typical worker-bee who wanted to do good stuff for the company and not have side distractions. No big deal.
Then, in my job search I had a really interesting interview. It was after I had launched JibberJobber and I had my mind set on having JibberJobber run as a little side project that might make a few hundred bucks a month.
I asked the interviewer, who was at the VP level, if there was a problem if I had this little side business.
His reply floored me:
“Not a problem – the manager across the hall has a movie theater and the one down the hall has a such-and-such business, and …. “
My thought? Why didn’t I get this memo???
Why was I trusting 100% of my income to one person when I could have had side gigs that were producing a few hundred, perhaps a few thousand dollars each month?
Talk about securing my own income!
I missed the boat on that one…. but I walked out of that room thinking NEVER AGAIN.
The funny thing is, most of the people who were involved in the decision to lay me off had their own side gigs – other income. Why was I so blind?
Can you have a side gig? Yes, you can. Don’t wait until you NEED the extra income, though.