Ever since the Google face slap in March, 2012, I’ve been working overdrive to ensure the survival of our species. If there’s one thing I’m good at, it’s pretending that I have nothing, and that each day is a challenge to put biscuits on the table. Every time there is an assault on my existence or a potential reduction in income, I think back to the days when I worked at McDonald’s from 6am until whenever for $3.25 an hour and I get motivated!
The first step is to pontificate: “What If A Major Income Source Went To Zero?” From this post, we are reminded to be grateful for what we have, diversify, and be grateful some more. There are some great comments in the post which I encourage you all to read.
The second step is to go back to the beginning, and ask ourselves, “What is our value proposition to our readers and clients?” ”Why would someone want to visit my site over the millions of other sites out there?” From these questions, came The Yakezie Value Proposition and The Financial Samurai Value Proposition. These are back to basics posts which re-anchor why it is that we do what we do. After doing anything for a while, we sometimes forget what is most important to us, and we lose focus.
The third step is to analyze one’s own income streams and figure out areas for improvement. In “Achieving Financial Freedom One Income Slice At A Time“, I go through step by step the various passive and active income streams, and potential bonus income streams. The process has helped alleviate any irrational fear that I will end up begging on the streets. In fact, through a deep dive analysis I’ve come to realize I have more income streams than I originally thought because I totally forgot about my private equity and private real estate investments. An even greater reward is that several readers have commented similar findings!
The final step is actually putting pontification into motion.
