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When you're
starving, it's too late to go hunting.
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Or...
Get A Second Income Or Else!
Copyright ©
Spatch Merlin
If you find that thought provoking read on ,
I've got a few sobering thoughts to express together with some
solid, constructive advice but, before I go on, a bit of
priceless Mark Twain, who wrote: “A banker is a man who lends
you an umbrella when the sun is shining, and wants it right back
when it starts to rain.” These days, he wants half our taxes
too!
There's a lot of truth in those
sentiments, but…
Will you do anything with that truth besides
acknowledge it? Will you consider it carefully and adapt it to
your own life and that of your family or future family, for that
matter?
Thank God that we no longer have to go hunting
for food. Very few people in the industrialized world run the
risk of being hungry due to a lack of food.
There are other risks, though. Something we
all have in common is that we run the risk of losing our income
for one reason or another, and that's why we should be concerned
with how long it could take to replace a lost income.
In other words, how long might it take to
refill the refrigerator / freezer or get the mortgage payments
back on schedule?
A second
income ensures safety...
But, a primary income cannot! Generally, hard-working
people haven't enough money saved to be able to cope with the
loss of a primary income, for even a short time, without going
into debt in order to provide basic necessities that families
and individuals require. If you wait until you lose your primary
income before you make plans for survival, you could be in for a
very nasty shock.
Is it worth considering what you can do today
to ensure that you are ready for tomorrow's pitfalls? Having an
additional income could mean the difference between your family
receiving a frightening experience or continuing to live a
comfortable life.
That's what the SpatchMerlin.com
website is all about. It’s where you can learn about and
evaluate ideas and concepts that are designed to help you to
establish an investment income in addition to your primary
income. A secondary income insures against the challenges of
losing our primary income, and helps us to weather life's storms
with less pain and disruption. In addition, a second income not
only ensures safety, but it is also likely to lead to wealth.
First, you should have a primary income.
You will certainly need to have a primary income in place
before you contemplate a secondary one, and you shouldn't even
consider spending time on your second income until you have.
That would be an unnecessary distraction and would hold you
back. If you haven't put your primary income in place, you
should focus all of your energy on doing so.
If you have your primary income in place
already, don't make the mistake of stopping there! Start pumping
up the reserves! Start working towards creating the additional
income; start getting the security that only a solid secondary
income can provide.
The sort of secondary incomes derived from
the programmes and plans advertised here can only keep
increasing. When your secondary income becomes twice the size of your primary income, you’re
presented with other options which I will leave to your
imagination, as the options need no description from me.
Why is it so important to have a
secondary income?
There was a time when many citizens of the free world
could rely on one job with one company for life, with all the
security that goes with it. Things have changed. Statistics show
that people graduating today will work for fourteen different
employers in six different industries over the course of their
careers.
Well, there's a thought! Here's another one:
Would it be unreasonable to assume that those transitions would
go smoothly? You bet it would! Such transitions are likely to
cause problems, if not disasters, almost every time.
When you accept that life is going to present
you with some serious challenges that only an extra income can
address, and you make the effort to create that extra online
business income, you position yourself to benefit in more ways
than you might expect.
Why? Because
secondary income is different from primary income.
For most people, primary income is generally
pretty tight. Primary income pays for essentials: food,
clothing, repairs, transportation, vacations, etc. If you have
enough primary income to cover emergencies and unexpected
expenses, you're doing well. If you have enough primary income
to do all that and save for college and retirement, you're doing
very well indeed.
On the other hand, secondary income is
discretionary income. It gives you options. With secondary
income, you can accumulate money which will protect your primary
income from unexpected expenses, and also earn interest as it
waits to provide that protection. If your primary income is
insufficient, your secondary income can be used for outgoings
such as college bills and/or retirement.
And there is this to consider...
If you have no money when an investment
opportunity comes along, you can lose out, big-time. Secondary
income can position you to take advantage of investment
opportunities that come your way. Having enough income from an
online business to be able to invest in other income-producing
assets can be the beginning of a substantial investment
portfolio that grows larger all the time.
So, while primary income is vital, secondary
income can provide and enhance protection for your lifestyle,
and provide the flexibility necessary to create long-term
financial security.
Which is more important?
While primary income is more urgent, both
primary income and secondary income are equally important to a
safe, secure, and intelligent financial future.
I frequently refer to 'online income', because
that’s what I concentrate on, but all the above applies to any
secondary income source, be it property or equity investment,
currency trading, etc., etc.; fields, I might add, that are best
avoided until you've made lots of money, because of the high
investment requirement. Online business, on the other hand,
requires minimum start-up expenses.
The one proviso I’ll add is: If you are
working full-time, keep your secondary activity to a few hours
per week until the income from it eclipses your primary income.
Oh, yes! With consistency on your part, it will!
To your success,
Spatch Merlin.
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