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How to Make Extra Income On the Side
Friday, December 14, 2012

Many people prepare for some type of disaster, whatever it may be, likely or not, just to have an added sense of security to their lives.

While some may have their homes retrofitted in the case of a powerful earthquake, others go to further lengths like those you may have seen on Doomsday Preppers.

These are the typical events that we think about when we hear the word "disaster," but another kind that can hit people just as hard often isn't prepared for. What would you do if your finances were in jeopardy?

A financial disaster can happen out of the blue just like many others. One suggestion for establishing a safety net for this scenario is by having a second source income to fall back on. The idea of a second job or side project may seem like too much for one person to manage on top of everyday responsibilities. But with a little creativity anything is possible, just look at the preppers.

You've probably heard of people flipping houses to make a profit but you'll want to be cautious about getting into any high risk projects that may put you in a worse situation than you were to begin with. A good place to start is what you enjoy doing and what you're good at. Think about making money off of something you might already do as a hobby. For example, perhaps the entrepreneur in you always wanted to start an online business but never got around to it. Now may be a good time to start.

Job searches are hard enough without any back ups but having a second source of income can relieve some of that stress. Remember that these secondary sources can be anything you want them to be. Have some fun with them by recruiting friends and family to participate. Always ask for help before making any decisions

Creating anything sustainable takes time so expect it to be a slow and steady process. It will likely take up any free time you have, a normal sacrifice for anyone starting a business or working on other projects. However, it's the reward of knowing that something you worked hard for will help secure your and your family's future.

Whether it be a natural or financial disaster, the best way to avoid feeling the severe effects of it is to stay two steps ahead. Plan for the future and prepare yourself for any worst-case scenario.