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It’s Good to be Diversified!

by Darwin on March 23, 2012

There have been a lot of ups and downs in my various income streams and some changes in risks and opportunities of late. A recent article at Yakezie (What Would You Do if a Major Income Source Went to Zero) made me think about this some more.  On the “real” job front, things seem to be pretty steady, but my salary increases aren’t meeting what my old assumptions were when the economy was booming (I realized my salary will never increase again in terms of real dollars).  On the real estate front, we’re having a bit of a challenge with some tenants looking to break a lease for next year (lots of advice and comments on how to handle).  Since these are full-year rentals, it’s not like a residential property where you’re empty for 2 months and you just find a new tenant – we may literally be empty for a full year!  On the blog front, things have been going pretty well over the years and I can’t complain about the side income, but so much success is dependent on mother Google and her search algorithms, which can change in an instant (and have!).  Lastly, our AutoCAD Outsourcing business is really taking off, so that may help fill some gaps in my other income streams once we start taking some distributions.

Are You Diversified?

With that in mind, here are some reads I enjoyed from the week, as well as a thanks to outlets that featured my content recently:

Cracked.com – (funny) – Lessons Learned Growing up Rich

Zero HedgeOil Conundrum Explained

Arbor Investment – Operating Cash Flow Explained

Money Mamba – Expensive Clothes as an Investment

Money Crashers – Free Stuff You Should Take from Hotels

The Burning Platform – Asleep at the Wheel

Retire By 40 – Staying Productive While Working from Home

SquirrelersMonetize Anything!

Consumerism CommentaryPrenups for Cohabitants

Money ConeCompanies NOT to do Business With

Oblivious Investor – Changing Asset Allocation of Time

My Journey to MillionsWhat is an Elective Share?

Len PenzoDon’t Confuse Equal Opportunity with Equal Outcome

101 Centavos – Investing in Farmland

Sweating the Big Stuff – Company Trips – Best Perk Ever?

 ThousandaireTime to Legalize Pot

Investor Junkie2 Ways to Maximize Roth IRA Returns

Carnivals:

Carnival of Personal Finance

Yakezie Carnival

Carnival of Retirement

Canadian Finance Carnival

Carnival of Financial Planning

Self-Directed Retirement Carnival

Carnival of Personal Finance

Totally Money

Carnival of Personal Finance

Best of Money

Carnival of Wealth

Carnival of Financial Planning

Carnival of Personal Finance

Carnival of Financial Comraderie

{ 8 comments… read them below or add one }

Financial Samurai March 23, 2012 at 12:06 pm

Would love to learn more about this CAD outsourcing business. Sounds like it’s taking off! Retireable income you think in a year or two?!

Reply

Darwin March 23, 2012 at 6:54 pm

It is; we landed a six-figure client last week. Not sure about retireable income, since we’re afraid to count our chickens before they hatch, but if things keep progressing the way the are, we could reasonably be taking very nice distributions by summer.

Reply

MoneyCone March 23, 2012 at 2:31 pm

I commend you for looking beyond Google and exploring alternative sources of income. Good luck on the CAD gig!

Reply

Darwin March 23, 2012 at 6:55 pm

Thanks – I have my plate full for sure now! 4 gigs to manage is enough.

Reply

AAAMP Blog March 23, 2012 at 4:45 pm

Thanks for the mentions!

Reply

Darwin March 23, 2012 at 6:55 pm

Any time!

Reply

cashflowmantra March 29, 2012 at 12:57 pm

Congrats on the business taking off. A summer distribution sounds nice. Hope the rental thing works out as well and you don’t miss a year of rent.

Reply

Andrew @ 101 Centavos April 8, 2012 at 11:02 am

Thanks for the link, Darwin!

Reply

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