Nov 22, 2009 12:55
Like many of you, I am now done with my first undergraduate degree (Provided I pass all subjects ... namely DIM).
In the months and years that lay ahead, there hovers the question of what to do? The question of what path to take? And dare I say it, what journey of growth that will transform me to what I will be?
It is easy to let the days pass by. Take life as it comes at you. I for one, have been tilling away studiously at my farmville plots, levelling up feels good you know?
In the grand scheme of things however, does harvesting a wild turkey really matter? Probably only to Zygna. For myself, its not so smart a use of my time.
As we approach the halfway mark to 44 (some of us are already past that, in which case there is probably no hope for you), more and more responsiblities are thrust upon us. We can sink into denial or we can face it and rise up to it. Despite laughing about going on the dole, I am pretty sure that is not the path I would want to take.
A recent talk with family and friends has got me thinking about what to do after uni ends. Pretty much what I have been doing so far in life is to follow a pegged out route of primary, secondary and tertiary education. After this, I am on my way to commence my first grad role. Now I have a few choices: one, the most obvious and probably the one that requires the least planning is to continue onwards as a contributive IT worker full time, and devote most of my life to that career. However, appetizing as it maybe, something tells me, thats not all I want in life.
Having a family of my own is part of the definite future, but for now, that future doesn't seem to be emminent. After all, financial security and self-sufficient independence are milestones I've yet to reach. Before I reach those, I don't believe I am qualified to aspire for domestic bliss. It is unfair to burden your significant other with the job of upholding the future.
I've recently read an article about multiple streams of income. It makes perfect sense too. Aside from your primary source of income, i.e. your day job, having other sources of income buffer you from financial fall out. Of course, these sources of income must not overtly distabilize your primary goals. To this end these sources of income can be labelled passive and active sources. Active sources are ones you have to continously work for, for example selling stuff on ebay or keeping a sponsored blog. Passive sources is where money makes money on autopilot, generally they can be long term hedge funds or even the interest you earn on your term deposits in the bank.
Now as I see it, for Active sources, the initial investment is less, but the contribution is ongoing or the stream of income dries up. For Passive sources, the initial upstart capital is larger, however, once you get the ball going, you can depend on it even if you go into a coma.
In the next few months before I initiate my grad role, my plan is to set up a few peripheral sources of income. Not everything needs money, but for everything else theres Mastercard, and for the Mastercard, theres a plan.
What are you doing after uni?
hero,
multiple streams of income,
facebook,
bank,
plan,
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inspirational people,
money,
life