The Worth Project Podcast

Erica Gellerman & Jordan Fromholz
The Worth Project Podcast

Have you ever wanted to do something different, but you feel...stuck? Every Tuesday join in for honest conversations about money, minimalism, mindset, and living a great life — and the small changes we can make to get big results. Because it’s time we all start living a life that’s better than fine.

  1. 07/09/2019

    19: Creating your plan B with multiple streams of income

    Guys, we are in the home stretch of our life in London. Five and a half glorious years are coming to a close, but not without crossing off a few more UK Bucket List items. In episode 17, we talked about our strategies to not go broke when we travel. One strategy we use is to go where everyone isn’t. This summer, everyone is at the beach and rental homes were absurdly priced. Where was everyone not? Glamping in Somerset. We got a steal of a deal on a three-bedroom tent and spent the weekend riding a classic steam train. We had a blast.  Multiple income streams As we share more about our move with family and friends one of the first questions is, “so are you just going to be living off savings for a little while?” (Refresher: Jordan is leaving his job, we’re selling 90% of our belongings, and moving to Hawaii). This would’ve been our reality a few years ago, but over the past year, we’ve worked on building multiple streams of income. These streams of income are the safety net we’ve built for our little family to be able to pick up and take an adventure, while still being financially responsible. And this isn’t an idea we’ve come up with. Surveys show that millionaires and the wealthiest individuals depend less on a paycheck and more on different streams of income. I lay out all of the data PLUS our income streams in this article. After watching my mom get laid off and rebuild her career, I realized that just depending on one stream of income was a risky proposition. Check out the show notes for links on multiple income streams and pictures of our trip: http://theworthproject.co/2019/07/09/plan-b-with-multiple-streams-of-income/ If you’re listening to the show please rate, review, and subscribe! And tell your friends!

    36 min
5
out of 5
40 Ratings

About

Have you ever wanted to do something different, but you feel...stuck? Every Tuesday join in for honest conversations about money, minimalism, mindset, and living a great life — and the small changes we can make to get big results. Because it’s time we all start living a life that’s better than fine.

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