After my grandfather died last year, I ended up thinking quite a bit about the future of my family. I had the usual thoughts of mortality but when it got down to brass tacks I accepted something that I’d known all along.
The modern model of life is broken in so many ways. We live in a consumption based culture which is driven by hidden inflation, keeping up with the neighbors, and a constant need to chase that brass ring. Most families are dual income families with kids in day care or some other child care.
Even those of us who have a more … enlightened view on the viability of our economic situation can fall prey to the consumption traps. I know we do it from time to time, and honestly, as long as it’s planned for, I think it’s entirely possible to consume in a healthy way.
But we all recognize (hopefully!) that our economic model is destined for failure. Some people predict a slow decline into oblivion, while others believe we will have a massive hyperinflationary event that will destroy our country as we know it today. I’ll share my views on a different post, but for now, let’s assume that we need to do something about our economic future.
Our mid term goal is to build a home for cash on our land and move out there as soon as possible. Since my profession typically requires me to be in a urban area, this means that I’ll need alternative income streams to pay the bills. Luckily since we’ll build for cash, that means the monthly outflow of cash is actually quite low.
So What Have You Done About It?
To get there, I am leveraging the income I have from my (currently) steady full time job with a fairly stable company to create diverse income streams that do not depend on that company. Here’s a sample of some of the income streams I’ve built over the last year:
- I founded a small publishing company that provides books, classes, and seminars oriented towards preparedness, sustainable living, and similar topics. More on that at a later date.
- I’ve done a ton of self-education on how to effectively teach (and just as important market) preparedness and sustainable living classes.
- I have done a fair amount of local education, teaching people in person how to prepare and plan for the future.
- Finally, I’ve spent a fair amount of time and money building up informational websites for various topics that create small amounts of passive income for me. Taken alone it’s not much, but when you add it all together it ends up being a fair amount of income.
I definitely have plans to do more, but I’ll probably focus primarily on the publishing and the training parts as they have the most potential financially, and just as important they have the most impact on the lives of others. It really bothers me that there’s so many people out there that have no idea what’s coming down the pipe.
There’s No Such Thing As A Free Lunch
None of this has been free. I’ve sacrificed hours of time with my family, sleep, and money to lay the foundations for these income streams. I can’t even count how many days in the last year I’ve been up at 7am with the kids, busy with work and family until 8pm, spend a few hours with my wife, and then off to the home office to work on the alternate income streams until 1am or sometimes even 2am. Nobody said this was easy.
I want to encourage those of you who have contemplated moving out of the city to take the bull by the horns and just start. Build up your income streams. Find something you can do in a rural setting. For some of you that may be a hands on skill. For others it may simply be working out a telecommuting arrangement with your boss.
But time grows shorter by the day. Don’t wait. And as always, if there’s anything I can do to help or if you just need some advice, drop me a line.