
An option to the second income is a profitable business you can start at home part time, it's only one. If you have other ideas please share in the comments section.
" If your a two income family and feel your burning the candle at both ends, paddling a sinking ship with a broken oar, or spitting into the wind, stay tuned and learn what research says about second incomes being unproductive at best, foolish at worst."
According to the book, "The Two Income Trap" Households with children are 75%, get that, 75%, more likely to have their homes foreclosed. And more that twice as likely to file for bankruptcy. Statistics show that in 2002, 1.6 million people filed for bankruptcy, many were middle class families, or two income households. In the book they state that the single best predictor of bankruptcy is having a child. Speaking of children, this is a hilarious baby video.
Mothers having to choose to go back to work full time is hard enough I'm sure, I'm not a mom, but I've seen the look in a new mothers eye when you ask about the child that had to go to day care at 6 am. But what we are seeing here is a literal collapse when the mother takes off work to HAVE the child! I call it the second income myth, go look at this calculator, fill it out and come back...... I will share a thought or two on what you can do about it.
Not Fair! Say's You....
So where does playing by the rules and working extra hard get the average American family?
The lack of a clear understanding of the second income is one of the most tragic plights of ignorance of our times I believe. Don't listen to me check out this second income calculator. Here try a second opinion.
The second income earner who earns 30-50k per year is, at the end of the day, probably working for less than $5.oo per hour, and that is very optimistic. Meaning grandmas watching the little ones for eight hours, you wear your current wardrobe, you drive less that 20 miles to work in a compact car... etc.
Good Part Time Businesses: Another option...
Another option to a job or career is a part time home based business. I write here and at another blog, so I get around a bit. Stay at home moms have a very strong presence on the Internet with home based businesses that are run part time. I operate a home business that is family friendly, fun, and valuable to the whole person.
We have a ton of ex-second income employees, a few of whom are top income earner's, top income meaning 700-800k ish. Granted, that is not the norm, but what a difference. Both came from regular old jobs by the way.
Starting a home business on a part time basis is an excellent option for an endless list of reasons, and I'm not getting into that here. The bottom line is if your treading water, find a way to stop treading water then, think for a week or two, get on the same page and move forward in a productive direction.
Part time home based business opportunities that work have a number of special rewards. The top tier part time businesses that are run from home are profitable. Sometimes 1,5, even 8 or ten thousand dollar profits. Compensation plans are slanted toward you the entrepreneur. Plus the over head cost is ridiculously low. I built a commercial construction firm with annual overhead of over 150k and it was a small company (35 employees). The overhead (fixed expenses) for my home business are less that 3k per year, no kidding.
I'm on a soap box here, my closing thought is this. Carving out one hour each day to plan, work on, decide, and develop the life you would like to have is OK. If you ONLY manage, react, and juggle the situation at hand, you will always have that situation at hand. Remember, nothing happens until something moves.
Learn how you can replace your current income on a part time basis.
I'm open to sharing an opportunity to replace your current income or build a decent income in the next 30-90 days and double or even triple your current income in under 12 months. ( assuming your average $26,036 2006 Census Bureau). Fill out the form and either myself (Joe Crawford) or Janelle will give you a call and get you details to evaluate. This is a part time work from home based business not a job. No more W-2's. Start a real business opportunity that works.


