--- [EMAIL PROTECTED] wrote: > > I'm on a single income, I get paid well now, and > could > > afford mortgage payments a house in the south bay > area > > (although it would take most of the income). But > I'm > > afraid if I loose a job, I will not be able to > find > > one in IT locally that pays as well. > That will probably happen. Plan for it. I would > recomend not living in the > biggest house you can afford. Don't swell your > possessions to match your > income. Build assets with that income you save. (A > house is not an asset). > > Read "Rich Dad Poor Dad" > > > My only solution is to find a woman who makes > roughly > > the same so we can support each other when one of > us > > it out of work, > > Call me old fashioned, but I think one parent should > be dedicated to raising > kids. Single/Young married people plan with both > incomes, therefore, can't > make the choice to raise their kids when the time > comes. > > > or to start my own business and > > hopefully make the same amount of money at it. > Ask people who own businesses. The cash flow of a > business is much less > constant than that of an employee. Much less. Long > deep droughts. Do like > businesses do. Plan to be unemployed half the time. > When you're working, put > away money in preperation for being unemployed. > Protect your monthly > expendatures. Never let them go above a certain > amount. Try to build > savings/investments/assets that cover your monthly > expenses. Build a wide > range of assets. I would much rather have 25 small > sources of income than 1. > What are the odds that all 25 sources of income will > stop at the same time?
That's a great idea. I'm starting to do that now with adsense, although it's not much now, over the next few years it'll grow. ===== Anthony Ettinger [EMAIL PROTECTED] http://www.apwebdesign.com Instant Messengers: 1) yahoo im: apwebdesign 2) aol im: apwebdesignxl 3) msn im: [EMAIL PROTECTED] 4) icq im: 659139 __________________________________ Do you Yahoo!? Yahoo! Small Business $15K Web Design Giveaway http://promotions.yahoo.com/design_giveaway/
