Comments on Canadian Money Review: passive income versus your day job ... what to do?...

CMBR, your post reminds me of a comment in one of ...

2007-09-06T04:14:00.000-04:00

CMBR, your post reminds me of a comment in one of the Financial webring forums by a doctor who stated that he would have made far more money doing extra hours in his real job than the many hours he spent learning how to invest.

However, as lazy man points out, diversification, aka not all eggs in one basket, is a good thing.

that's a great point! I'm still hoping that throug...

2007-08-30T20:25:00.000-04:00

that's a great point! I'm still hoping that through continued training and repositioning, I'll be able to surf the wave and recover from job problems if they do occur ...

thank for reminding me about the fragility of the employment market ... it's easy to become comfortable and forget that it's a jungle out there

I've watched my income drop in half with the dot c...

2007-08-30T19:26:00.000-04:00

I've watched my income drop in half with the dot com collapse in 2001. I was a superstar at the job winning award after award, but an acquisition meant there was no place for me. Six years later, my income is finally at where it was.

I built my blog with the idea that I'd focus on not letting that happen again. The odds are that even with focus on my job, it will. Simple economics say that if you can get 80% of the result for 20% of the price, it's a better move. People in other countries can provide exactly that type of service. I'm not naive enough to think that I can be that much better than someone from another country to make it worth keeping me.

I thought the blog would be a source for me to learn how to make more money, but now it earns an income of it's own. I'd a great hedge against an uncertain future. In the end, I'd rather be betting on myself than on a particular company or ecomonic landscape.