Free “Art Of Woodworking ‘ Guide

wood-projects-collectionAs a woodworker, you may have realized that finding the right detailed plans to build some custom projects to meet specific needs can be very difficult. This is among the most common problems woodworkers face today, but luckily for you, this and other related problem shouldn’t bother you.

At Teds Woodworking, Ted Mcgrath, a certified master woodworker, trainer, and author gives more than 16,000 plans, with step-by-step blueprints for various woodworking projects.

So what’s Teds Woodworking all about?

Building complex projects or even the simple ones to meet specific needs can be very difficult even to experienced woodworkers especially when you can’t find a detailed plan. And most of the so-called “step by step” guides found online and in various magazines make building some projects harder than it should be. This is because the plans are sometimes not specific enough or their instructions leave out crucial information assuming that you have enough experience to know what to do.

In addition, often, such plans don’t have enough detail. For instance, some don’t include pictures or the pictures they have don’t match what they are telling you. Still, some don’t even include cut sheets, so you are forced to “guesstimate” materials.

Ted Mcgrath spent over 25 years studying these problems and finding solutions. He put together a comprehensive collection of wood-working plans. Tedswoodworking.com is his website which offers woodworkers solutions to various woodworking problems, especially those related to finding the right plans for various projects. The site has detailed plans for over 16, 000 projects. Every plan comes with a step-by-step blueprint to make it easier for you to create stunning, professional wood-working projects hassle-free, quickly, and easily.

Who is TedsWoodworking for?

If you are a woodworker looking for detailed plans to start building your dream projects, or if you want a variety of plans for various unique projects, then tedswoodworking.com has you covered. The website has helpful insights for both beginner woodworkers and the more experienced ones.

Why you should check this out

Occasionally, you are presented with a challenging project, for instance, a customer comes and wants something custom-made for them. Without having a detailed plan, it may be very difficult to build such projects quickly and be able to meet your customer’s needs. TedsWoodworking comes in handy, providing you with a variety of plans with complete easy-to-understand instructions.

You will also get new insights and learn new tricks of completing projects even if you do not have expensive tools or a large woodworking workshop. And given the wide range of projects and complete plans available on the website, you no longer need to spend days or months looking for someone to complete a project for you. You will build even the most challenging projects yourself.

Here are a few things the site has to offer:

  • Easy-to-understand step by step instructions; Every plan has simple “hold-you-by-the-hand” instructions that will assist you to complete your projects quickly.

 

  • Materials and Cutting lists ensuring that you get the right materials and make correct cuttings. This saves you a lot of money. 

 

  • You get sharp, colorful and detailed schematics. No guesswork is involved, you will know what to do and how to do it and complete your projects within the shortest time possible.

 

  • The plans give you views from all angles. You will see how everything should look like before you start building. The intricate details for every joint, angle and corner make sure you are not left guessing.

 

  • Various lists of plans (16,000+). In addition, you will also get new plans every month for free.

 

  • The plans cover all levels of competence and skills. You don’t have to be an expert wood-worker or have expensive tools and machinery to use the plans.

 

  • Whether you are a pro woodworker, an amateur, or a beginner with hand tools, you will find several projects suitable for you.

 

What You Won’t Like about Teds Woodworking?

Although Teds Woodworking has a lot of good things to offer, it has also some flaws. Since this contains thousands of plans, it takes time to download it, particularly if your internet speed isn’t up to mark.

Nevertheless, this advantage may be nullified if you choose the DVD version of Teds Woodworking. You’ll have every plan in a portable DVD and you don’t need to spend time in front of your computer to download the pack.

But, if you pick the DVD version, you’ll have to wait several days for the shipping. Aside from that, organizing a total of 16,000 plans isn’t a simple task. You do need to utilize the search option to locate the plan you’re looking for.

Why Should You Choose Teds Woodworking?

If you are planning to purchase 16,000 plans individually, it’ll cost you loads of money. However, Ted is offering everything for a limited Launch Price of Only $67.

Thousands of woodworkers are using his plans to create awesome stuff out of wood. It’s now you turn to get in on the action

So check it out with the links below:

Get the FREE Art Of Woodworking Guide PLUS 40 FREE Plans. 

OR……………………

Get Teds Woodworking, Containing Easy To Understand Instructions and 16,000 Plans.

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Monthly Dividend Income

space grey ipad air with graph on brown wooden table

I’ve been interested in making money with dividends for a while (in a casual way), but I didn’t really look into the details until recently. I had an idea that by buying stocks that have a good dividend payout, I could receive a monthly income was intriguing. This does work but the drawback is that you have to watch the stocks that pay dividends because the dividend yield can go down. It all depends on the company.

Unfortunately, the more money that you can invest, the more you can make. I have received dividends but my investments are so small that they are not worth claiming and I just reinvest the dividends back into the account. The reason that I have small account is that I am very risk averse, so it is my own fault. I bought some stocks in a Canadian company a few months ago, while they were cheap. The price per share has increased 102% since I bought the stocks. I had an instinct that the value would rise significantly but I didn’t invest enough money. If I was 100% certain (and less risk averse) I would have been willing to borrow as large a sum of money as I could, used it all to buy stocks in the company, sold them today and doubled my money in a matter of months.

The news being circulated in the mainstream news outlets regarding stocks and shares is not always accurate and could lead a person to make bad decisions. It is better to research this subject in a more detailed way with information coming from less mainstream personalities.

The way to generate dividend income is by building a portfolio of high yield dividend stocks that pay out at different times throughout the year, ideally getting a worthwhile income every month. The stocks that you pick should also have a history of raising their dividends regularly. To get a worthwhile monthly check would require a substantial investment. I saw one plan that claimed to return $1000 per month, throughout the year but it required a $50,000 investment and if that accounts for your total savings, then I expect that you would be too risky for most people. According to a 2018 GOBankingRates survey, 58% of Americans had less than $1000 in their savings accounts.

The basic idea of dividend income is sound and you can always start the process in a small way and reinvest the dividends that you receive. It will be a learning experience.

Think And Grow Rich

One of the most reccommended self help books ever

The Napoleon Hill Foundation received many requests from people wanting the original, unedited, 1937 copy of Think and Grow Rich. To satisfy those customers the Foundation reproduced Napoleon Hill’s personal copy of the first edition, printed in March of 1937. The book has the notation, not to be loaned, and signed: Annie Lou Hill (the wife of Dr. Hill). This personal copy of Dr. Hill’s was given to me by Dr. Charles W. Johnson, Chairman of the Napoleon Hill Foundation and a nephew of Napoleon Hill. It was Napoleon Hill who sent Dr. Johnson to medical school, and today he is a practicing cardiologist. Charlie refers to Napoleon Hill as Uncle Nap, and will often makes the statement, Uncle Nap would be proud of the Foundation today. The original 1937 manuscript was written and edited with the assistance of Napoleon’s wife. In later years, the existing document was again edited by Dr. Hill. For example, the Foundation owns a 1958 edition that Hill edited personally. This did not lessen the books value in Hill’s judgment. Hill made the editing remarks in his own handwriting and the resulting 1960 edited edition has sold over 100 million copies making it the most read self-help book of all time. Think and Grow Rich sells more copies today than before Dr. Hill died in 1970. Now, a new and authoritative recording of this original, unedited, one-of-a-kind work, authorized by the Napoleon Hill Foundation is available. By purchasing this audio edition, you will be supporting the nonprofit Napoleon Hill Foundation. The entire philosophy of Napoleon Hill is based on the Golden Rule. The Foundation deeply appreciates the support of those of you who only purchase Napoleon Hill authorized books. You can identify these materials by the Foundation Logo and by looking inside for Napoleon Hill copyright.


Think and Grow Rich (1937 Edition)

Create Your Own Furniture And Wood Crafts For Fun Or Profit

man hold wood planer

Whether you are thinking of starting a hobby, or gaining skills for a business, being able to create wooden furniture is an absorbing and potentially lucrative way to spend your free time. A practical skill is a wonderful thing to develop and working with wood could even be seen as artistic. This skill could set you free from the employment rat race if you want it to, although if you are a beginner, it takes time to develop the skill.  Woodworking skills need attention to detail and patience. If you already know that you are a practical person, then you have an excellent chance of developing the skill set fast. If you aren’t sure that you can master the skills……..you will never know unless you try

“Whether you think that you can, or you think that you can’t……..you are right” (quote from Henry Ford).

To help you get started, check out FurnitureCraftPlans

What Is FurnitureCraftPlans All About?

The package contains over 9,000 premium woodworking furniture and
craft plans that you can easily follow at home. These projects
cover a variety of different projects you can work on at home; –
mostly focusing on furniture and small crafts.

It contains all the necessary info which includes drawing out clear
diagrams, accurate dimensions and gave detailed explanations on the
plans design .

We think this is extremely important because we have seen plenty of
free woodworking plans on other sites that are created
recklessly.

Some have inaccurate dimensions, some did not explain what
tools are needed during the woodworking process while some only
provide the diagrams without proper step by step instructions
on how to do it. You know what I mean if you’ve paid for those
lousy woodworking plans in the past.

Well fortunately, these flaws and mistakes are hardly to be seen
in FurnitureCraftPlans

The good stuff:

– All materials and tools needed for a project are properly listed.
– Diagrams are clear and with accurate dimensions.
– Photos are also included; nothing was left to the imagination.
– Detailed explanation of plans will guide you from the beginning
to the end.
– Everything is ready to be printed, with proper categorization

Bad stuff:

Only thing I could complain about is that there are too many plans.
After downloading, you can sometimes feel overwhelmed. But as you
can imagine, it is difficult to go through over 9,000 plans.

My suggestion is to focus on the projects you want to work with first.
As it is categorized, all you need to do is to search and/or go to the
category you want. Eg: I started with a simple birdhouse so I went to
the “outdoor small crafts” section to look for related plans.

In Conclusion:

I highly recommend this package if you already enjoy working with wood or you are interested in exploring the possibilities. It offers fantastic value for money. The woodworking plans are not complicated, they are straightforward and extremely easy to follow .
Even a complete newbie is able to master the woodworking skills and
techniques within minutes by following the clear and concise
instructions.

One thing I really enjoy are the free updates. From what I’ve seen,
they are consistently updating their members’ area with new woodworking
plans, all for free without additional charges.

As of writing today, the site is giving away a free bonus called
“Woodworking Made Easy”. So if you want to grab the free offer, click
here to visit the site now.

Thinking Power

man facing sideways

Maybe you have heard of  affirmations. The word can conjure up several images in the mind but this post is specifically about self help and self improvement. The dictionary definition of AFFIRMATION is – The action or process of affirming something – A formal declaration by a person who declines to take an oath – Emotional support or encouragement.

 

This post is going to look at the type of affirmation used to improve or change a person’s thought process. The habit of negative thinking is unproductive and can become a habit, almost an addiction. Positive affirmations can be used to break the habit. The affirmations can be specific to a particular aim, or more general, such as “ I am always happy and contented”. The positive affirmations can be written, spoken or listened to and can be produced by the individual or another person.

 

Most people have similar aspirations, happiness, wealth, health, happy relationships etc. and so it is easy for one person to create an audio file with multiple affirmations that would be useful to many people. The one important point when using affirmations is to repeat them. Affirmations are also used by many business and sports people to improve performance in whatever field they may be involved in, sales, soccer, MMA, running etc. Sometimes they don’t even know that they are using the technique.

 

Subliminal affirmations work by bypassing the conscious mind and speak directly to the subconscious. I have found these are very good for changing habitual negative thought processes.The affirmations are usually embedded in music or other sounds and cannot be consciously heard by the listener. This allows the subliminal messages to access the unconscious mind in a powerful way.

 

Another method is to repeat the affirmations to yourself as as many times as you can throughout the course of the day. The theory is that the repetition will eventually encourage you to believe the message and embed the thought in your mind.

 

I have heard of people who place Post-It notes with a written affirmation in prominent places throughout their home so that they will read the message frequently every day.

 

It is the repetition that gets the message across to you. There is software that allows a person to write or create an audio file of positive affirmations that will play in the background on the computer while you are working or browsing. The text and audio is not noticable, it is subliminal and can be very beneficial if you spend a lot of time looking at a computer screen.

 

It could be seen as brainwashing yourself, (for positive effects of course). Some messages are paired with binaural sound beats for a more powerful effect. Binaural audio can be simply described as 3D hearing, binaural beats are basically two different frequencies,one to the left ear and one to the right.The brain will process the two frequencies and perceive the sound as one new third frequency. There are several frequencies that are said to allow the brain to accomplish things such as relax, concentrate, sleep, meditate etc. The binaural beat is thought to help the brain/mind absorb the message of the affirmation(s).

 

You can buy affirmation software which allows you to record your affirmations and then play them back to you throughout a session. To test the power of affirmations, there are plenty of free resources on sites such as YouTube, just search for the affirmation that you want and play it.

 

There is also the theory, mixed in with stuff like quantum physics, belief systems and the like, that suggest we all have the power to create everything that we need and want and that thought itself is the creating force. In general terms, it suggests that everything that exists is energy, or a frequency and that if we concentrate our thoughts on a particular outcome, item, wish and so on that we send out our intentions into the world, and because of this, the desired result must materialize. It is said that this takes a concentrated effort over time. It is also believed that what we think about most will materialize, so it is very dangerous to think negative thoughts all of the time because if this is true, you will ensure that negativity materializes.

 

Whether you think that this is all hippie nonsense or not, it is more healthy to think positive thoughts than negative, so experiment and see what happens. If you wonder why you see or hear the same advertisement over and over again on every TV  commercial break then you may now begin to see why. The same goes for political messages and more. People are attempting to influence us to take a certain course of action by repetition. The same is true of pop songs. The first time that you hear the song, it may sound unremarkable but by the time that you have heard it 50 times in the last 2 days, is begins to “grow” on you and you start to think that it is great, has that ever happened to you????.

 

Positive things can’t occur without action from the individual. Affirmations and positive intentions that are embedded in the subconscious tend to move a person toward taking actions that will lead to the desired outcome as stated in the affirmation, so there is a more down to earth element to affirmations that may be attractive to people who have no interest in anything other than what their senses convey to them.

 

As long as you are in control of your affirmations and intentions, and you make sure that they are positive in some way, there can only be 2 outcomes, either nothing or a good outcome. We are exposed to many influences and influencers in the world, some of these may not be too interested in improving us as a person, many just want to sell us something. Why not use these techniques to improve your life.

What Is Money? How Can You Attract It?

business close up commerce conceptual

What is money?

And how can you attract money?

Is money is just paper, metal or figures that give a person the ability to obtain goods and services or is there more to it?.  

Money has been described as energy, the transfer of energy, energy storage and many more definitions. People have different ideas on what money actually is, but it is a fact that money is a convenient form of exchange for services and goods. Money is more convenient than a direct exchange of goods or services between people. Having as much money as you need is good, having more money than you can use is freedom.

money pink coins pig

Money is a form of energy storage, nobody can obtain it without some effort, expending some energy. People don’t exchange their energy for pieces of paper or cheap metal disks, they exchange their energy in order to acquire the items that they need or desire. The paper, metal disks and numbers showing a credit on a bank account store the energy until the owner is ready to exchange it for goods and services. There are of course, positive and negative energies that one can choose to use to accumulate money, and if you believe in the big picture principle that what you send out into the universe is what you will receive (reap what you sow), then it would be wise to expend good, honest energy in your quest for money.

bullion gold gold bars golden

Money was once aligned with gold and the value of money was dictated by how much gold was held to validate the currency. For various reasons, this is no longer used and is seen by many people in the financial world as a limiting factor. There would have been no “quantitative easing”  if the value of the dollar was backed by gold.

 

What we have now is the fiat system where a government orders that a currency is legal tender and makes it law that the currency must be accepted as payment for goods and services with no underlying commodity of value to back the currency. When other countries also agree to accept each other’s currency for exchange, you have the current global system. The value of one currency to another varies daily for many reasons, and to give an example, not so long ago you would get two U.S. Dollars (USD) in exchange for every Great Britain Pound (GBP) that you exchange, but at present, you may get around $1.30 for every pound. This is a very simplistic explanation.

 

Whatever you think of money and it’s systems, you need it to survive in the world, if you think that you don’t, then someone is supporting you and you only need to look at the reason that they are able to support you for your answer. You will find that money is being supplied to you by someone.

sky space dark galaxy

Quantum physics suggests some very interesting theories on many topics. The basics are that at their core, all things and living beings are vibrating frequencies which give the illusion of solid objects, and give form to the universe. Along with this goes the theory that we are spiritual beings living in a physical body and world, and that we can influence our environment by what we think. The phrase  “ what you think about is what you become” springs to mind.

 

If the above theory is true, then money is just a frequency and one must harmonize with the frequency of money in order to attract it. The world that we live in demands that we have to give something of value in order to receive money in exchange. It is believed by many, that the act of giving money to people in need of it will ensure that the donor will receive money in return somewhere down the line, and not necessarily from the person who originally received the money.  There is a theory that we live in a kind of elaborate computer game or matrix, created by our spiritual selves in order to give us experiences and teach us lessons. The theory suggests that we can “will” anything that we desire into existence by the power of the mind but we just don’t know it and we have been stripped of the memory of this ability because if we knew of it from birth, then life would be too easy and it would not fulfil it’s function of furnishing experiences and lessons.

 

Money is not good or evil, it just “is”. People can use money for good or evil and some of the acts that various individuals will commit in order to accumulate money may be evil in certain cases. Money does not cause people to act in a bad way, people decide to act in bad ways for themselves. Gold fever is really greed and fear.

 

I see money as a convenient method of exchange for goods and services. There are people who do manipulate the system for personal gain but if you allow yourself to be negatively influenced by hearing, reading and thinking about such people, you will not attract any yourself. Accumulate money for yourself and do good with it.

person holding string lights photo

We all want money, so what is the frequency of money?

Well, it’s not so much about the frequency of money as the frequency that you broadcast from your mind in order to attract it. Your brain produces an electrical field and it would not be so far fetched to believe that you thoughts are a sort of radio broadcast that interact with other frequencies outside of your body.

It is generally accepted by practitioners of the use of thought to manifest desires, that in order to attract your desire, you must go as far as to  truly believe that you already have your desire. To use you mind to “want” something is to attract the “wanting”, so you will be left continually wanting your desire. If you use manifestation techniques to make yourself believe that you already have your desire, then you will attract the desire. The theory is that the “universal field” will pick up on your broadcast, it will see that you believe that you already think that you have your desire and will therefore be obliged to supply the desire.

There is also a belief that people limit themselves financially by the way that they think. A person who earns $50,000 a year and believes that this is the maximum amount that he/she is worth will never earn more than that. Unconsciously, they will limit their job searches to $50,000 as a ceiling or maybe they won’t attempt to start a business because they “know” that they won’t make any money.

 

Many people who study manifestation techniques suggest that a mindset of general abundance already attained and gratitude for that abundance are the correct approach to get to be on the frequency that attracts money.

 

Do something positive to achieve abundance. Some people believe that nothing is required in order to attract abundance except to get into the mindset, but the mindset produces ideas and ideas put into action (brought into physical being) are what produces results.

 

Conclusion

Don’t let yourself believe that money is bad and that it is not attainable by you. Have faith in yourself, develop your skills and go and get some. The existing system is not perfect but it is what we have to work with. We need to find ways to achieve wealth honestly, from within the system.

A person must have faith in their ability to earn an abundance of money in order to make money.

 

The ideas discussed here are all elements of large areas of study in their own right and there is an abundance of information about all of the ideas online and in books. Each idea would be worth further investigation. I can’t say whether manifestation produces results, but most of the alternatives are not positive, and practicing some of these ideas would not do any harm and may produce something positive.

The Cost Of Living

grocery cart with item

The amount of money needed to live comfortably differs from City, State, country and region. I have been aware of this for a long time as I have traveled quite a lot, but I still haven’t managed to completely answer the question of why the cost of the same service or product differs so much according to location.

I remember travelling to Norway several times and the price of alcohol was about 6 times more expensive than it was in the U.K. When I first moved to the U.S.A., I could buy a carton of cigarettes in my State for less than the duty free price at the airport.

The most affordable State in the U.S.A. according to studies is Mississippi, followed by Indiana, and Michigan. Most studies use housing costs (rent and ownership), essentials such as food, healthcare and clothing. The studies also take taxes into account. The most expensive State to live in is Hawaii, followed by New York and California.

Unless you are independently wealthy or funded by other means such as pensions, self employment, passive income etc, then the amount that can be earned from work needs to be considered before moving to a more affordable State.

As a rough guide, the median household Income for the above States in 2015 was –

MS $40,593 (The least expensive State).

IN $50,532

MI $51,084

CA $64,500

NY $60,850

HI  $73,486 (The most expensive State).

A more in-depth study can be found HERE

 

The issue is that the same goods and services can differ in price, either higher or lower depending on each State, this difference adjusts the true national value of your household income. I understand that many people from the higher paid States move out to a State with a lower cost of living when they retire with a decent occupational pension, and this effectively gives them a pension raise. As house prices are usually in line with the cost of living, the new pensioner can sell a house which is probably paid for, or mostly paid for, take the cash and buy an upgraded house for the same price in the cheaper State.

 

People with more modest pensions can do the same, but the interesting thing is that these people would be even better off financially if they moved abroad. Some studies state that after looking at the cost of living in various countries, a couple with approximately $1200 per month pension could live a reasonably comfortable life in several desirable countries around the world, including some in Europe. A person could live very well on $1200 a month in the 3rd world but I doubt that this would be attractive to most.

Popular and emerging locations include Slovenia, Crete, certain places in France and Italy, Hungary, Portugal, and Malta. This is not an exhaustive list. All of the countries listed have been reported to be friendly to foreigners.

I find it interesting that a person on a modest fixed income from the U.S. could move to a desirable Mediterranean/ European location and live comfortably. I would think that learning the language would help with integration, especially in France as I have found that the French mostly know English but refuse to speak it. I suppose that is fair, as we expect people to communicate in English in the English speaking countries.

Why is there such a difference in the cost of living between countries and even our own country to a lesser degree?. I am still trying to figure this out,  I suspect that it may have something to do with control and exploitation, but i’m open to all opinions.

We are paying much more for the same services and goods in the U.S.A. than some other countries,  but we are still much better off price wise than Northern Europe and the U.K. in most respects.

We are lucky if we have independent funds, however modest, as according to studies the global median income is $1,225 per year and to make it into the top 1% of earners worldwide you only need $34,000 per year. This still doesn’t answer the price disparity question but it does give a lot of us more options than we originally thought that we had.

My Trading Style

GBPCHF Blog ex best2

Here is a quick breakdown of my style of trading (Forex).

The red horizontal lines are support and resistance. These are prices that have been hard to get above or below in the recent past. When a price approaches support or resistance, there is more chance that the price will reverse it’s current trend, so it should be watched.

The chart uses Japanese candlesticks to record price. There are other styles of displaying price available. A red candle indicates that price is falling, a green candle indicates price rising.

My profit to loss ratio is a minimum of 1.5. If I can get more, I will, but I will not take a trade lower than this ratio.

Chart

  1. The candle approaches the support line, and the 2 candles with the long lower tails indicate to me that prices are likely to rise.
  2. I place a long trade to buy at 1.23856, with a stop/loss at 1.22119 and an initial “take profit” target at 1.25957.
  3. I place my stop/loss below the long tail on the last candle before price rises to make it harder for it to be reached but still keep to my profit to loss ratio.
  4. The price falls after the initial rise and makes me nervous but it doesn’t stop me out and I leave it alone to see what price will do next.
  5. Price rises again, falters for a couple of days, but eventually continues on up and triggers my “take proft” (sell order).

Any candles that are in the green area between the times that I bought and sold mean that I have profit. If they are in the red area, I am at a loss, but unless price goes lower that my stop/loss order I stay in the trade.

As you can see (in hindsight), price continued to rise significantly after I took my profit and closed out the trade and would have made me a huge profit if I had stayed in the trade but I decided to take my profit before price hit the next red resistance line.

The actual profit all depends on how many units you are trading, for example 10,000 units could have made about $200 profit, 100,000 could have made $2000. The chart is showing daily prices where each candle represents one day of price movement. This trade took 10 days to hit my sell order and produce the profit that I desired. $200 profit for 10 days is ok, $2000 for 10 days is great. The size of the contract can be scaled up or down depending on the size of your trading account.

Traders usually trade on margin which basically means that the trader only needs a small percentage of the total trade value in their trading account in order to place the trade. This allows the trader to have much larger trades than would be possible without margin. Each broker has their own limits and policies for margin trades.

I caution you not to trade anything until you have found, and you are comfortable with a trading style. It does not really matter which style/system you use as long as it works for you and keeps you in profit. You will have to investigate different systems  in order to find the one that you like. If you don’t know where to start CLICK HERE for several trading styles

Don’t Have All Of Your Eggs In One Basket

brown bird nest

 

Most of us have heard this idiom before but many people still rely on one place to supply all of their income. Doing this is a most dangerous example of putting all of your eggs in one basket.  Many of us are now aware that the conventions of the 1950’s and 1960’s don’t apply to the world of work anymore. Most employers will get rid of an employee for any reason that they deem advantageous, even the most loyal and hard-working of employees are subject to this, especially in the so-called “Right to work” states. The phrase “Right to work” sounds so great, insinuating that this law is about worker’s rights when in fact it is a union busting tactic and allows employers to dispense with an employee at will. The employee therefore should feel that he/she has the right to dispense with the employer’s employment at will, although you will not find this prominently displayed in any workplace.

Every person needs to evaluate their financial circumstances at regular intervals, which brings up another common phrase, that of saving for a rainy day. Everyone should save money from their income, even if it is only a couple of dollars a month. The act of saving will get you into the habit and hopefully the savings will dramatically increase as earnings increase.

Acting now to diversify your income will save you the potentially devastating consequences of losing your one job, that pays all of your bills, that puts food on the table and a roof over your head. I can think of several ways to take some of those eggs and put them into different baskets. One great way is to complete some contract work online. The work is not permanent and you need to work with multiple websites to ensure that cash keeps rolling in, If nothing else it may supply the money for a savings plan and if you keep at it, the jobs get more interesting and the pay can increase. Working “gigs” on websites like Fiverr is along similar lines, except for the fact that you are using your particular skills such as typing, internet marketing, graphic design etc. Both of these ideas have the potential to generate a full-time income and even a business. I have more information on my “Generating Money” page.

Part time work, after completing your full-time job puts another egg into another basket for you, if you have the energy. Some are well paid, it all depends on your skill set. In theory, this is a great way to diversify your income, the problem is that it is time-consuming and potentially very hard, but it is an option.

Starting your own business is a dream for many people. To be your own boss and reap the full rewards for your efforts is a wonderful and motivating goal. A business can be started while you still have a full-time job, this makes the transition into self employment a whole lot easier. The general advice for starting your own business is to pick the thing that you love to do and go for it. Failing that, use your individual skills to generate money for yourself.

The goal is to have multiple baskets, each containing one egg. Each basket represents an independent source of income. The dream of course is to receive passive income, the basket that holds the golden egg.  This is income that generates an inflow of cash month after month without a need for any labor. It requires an initial effort, but after that, you are enjoying another independent income stream, labor free.  Royalties from artistic works, affiliate marketing and pensions fit into this category.

This is a large topic and it is of particular interest to me. I will write much more about this area of interest frequently and give you insights into my experiences. My goal is to produce a comprehensive list of reliable leads for you in the near future, especially in the area of working online.

Until next time, take care and invest wisely.