Stargaterichgoh’s Weblog

April 10, 2009

10 reasons why I need to look for alternative income

Filed under: Facts of life — stargaterichgoh @ 3:28 pm

1.Companies are down sizing and cutting cost. Workforce reduction is the norm and you never know when it’s your turn to go. Instead of waiting for the inevitable, why not make plans to establish side incomes. Don’t sit and wait for things to go wrong before deciding to make a move. Take the initiative and be on the lookout for better opportunities while you are still gainfully employed.

2.I preferred flexible working hours whereby I can decide to work as and when I want, regardless of location, the freedom to work from anyplace and without having others to determine and decide what I should or should not do. It is my aspirations to run my own business.

3.There are plenty of Internet Marketing opportunities. Since I am trained in software and I have spent considerable time and efforts in Internet technology I felt that I should consider starting my own business. I am well versed with web programming, Internet Marketing and some IT stuffs, having taken various courses such as the Master in IT and etc, I felt it is time that I leverage the skill set and knowledge and experience to venture into Internet Marketing.

4.I am exploring ways to further improve my income power. Relying on just a single income paycheck is no longer advisable since I am a married man and the only sole breadwinner of the family.  Extra income in the form of profits from Internet Marketing would help with family expenses.

5.The need to save for retirement and achieving financial independent has become more important as I grow older by the years.  It is almost impossible to save for retirement comfortably based on my current savings and single source income.

6.I want to control my own destiny, if others can achieve financial freedom via Internet Marketing so can I. I am no less different from others so if they can achieve financial independence and success, so can I.

7.I can only give up my current job provided my side income business grow to be successful and I am able to earn income twice as that of my current job. I am in no hurry to quit but I have to work to ensure that should the time comes for me to go I have nothing to worry but everything to be thankful for, happy for the layoff package payout and also for the fact that I can continue to take care of my family.

8.Extra income would help in terms of financing sister-housing mortgage loan and possibly car loan should I intend to buy a car one of these days.

9. I hate working for boss that calls me an idiot and calls me shit even though I have been working in the industry as long as him. To publicly claim that I lack software management skills is to insult me to the worst degree. I prefer to work for myself rather than to have to lead a bunch of engineers among whom one of them is a lunatic .

10.Don’t blame the government if you are out of job and unemployed. Blame yourself for not taking actions to plan your way out in the midst of economic and financial crunch. After all a JOB stands for Just Over Broke and why should you if you can do something about it?

2 Comments »

  1. The greatest form of passive income would be dividends from bluechips stocks..

    Comment by nicknick — April 10, 2009 @ 5:03 pm | Reply

  2. So are you get your alternative income? :)

    Comment by hyperX — April 10, 2009 @ 6:01 pm | Reply


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