I was recently at a wealth presentation. The person leading the presentation discussed the topic of MSI's or Multiple Sources of Income.
This was something that really hit home with me. The concept was that you work on building multiple sources of income, and over time they will eventually pay off. This way if one of the sources of income fails, then you have the others as your backup.
I realized that this was something that I had been doing over the last several years. My main focus was on gaining residual income out of the MSI's.
Recently I have started my own photography business. I have loved to shoot pictures, and have been doing so for over 20 years. My photography was never for the money, until now.
I discovered this interesting stock photography website that will sell your photos as stock photography.
Here is a link to my portfolio at Dreamstime.com
In either your day job, or an after hours job, are you able do make money doing what you love?
Do you love what you do, or do you work you job for the money to pay the bills.
Have you been involved with a home based business that failed?
If so, why do you think that it failed?
What could you have done differently to help it succeed?
If you currently don't have a home based business, could you answer the following questions.
1. Have you ever had a home based business?
2. Do you want to have a home based business?
3. Have you considered any home based businesses? If so, which businesses?
Thanks for the info.
I am looking for information on existing home based businesses.
If you have a home based business, please tell me what it is, and if it is something that you do full time, or part time, and how long you have been in this business.
Just add a comment below.
Is your home based business recession proof, or close to it.
I talked with a gentleman who ran a business of renting high end sports cars. His business is already being hit by the recession.
Are the products or services that you are selling in your home based business going to remain strong through a recession.
As I think about this, the thing that I notices is that I use just as much toilet paper if if I have a flush bank account, or if I don't. With travel, if my bank account is empty, then I will travel less.
