Even though we all realize the cost pressure on our budgets from taxes, user fees, medical expenses, utilities (hydro, water, gas), food/groceries all increasing sharply, it takes some real thought to understand how FAR we are falling behind unless we can look to alternative streams of income.
At breakfast this morning I was reading the latest Report on Business from the Globe & Mail – this article appeared based on Canadian prices since 1987 (not that much different in the US I would suggest).Â
For example, homes have gone up some 100% from the mid 1980’s, utiliites including cable, internet and home heating/hydro are each well over 100%, school tuitions have increased nearly 100% as have most groceries and eating out.Â
Sure, you can identify some things that have come down in price like computers and electronics, but most of the things we buy each day have gone up dramatically over the last 15-20 years.
Has your income increased by that same 70-100%?Â
Not likely.
We are about to enter a decade of austerity on behalf of governments and even larger companies in the private sector…that means we will be paying more for the products and services we use today.Â
So, the question becomes, can we afford NOT to consider alternative streams of income?
With our various ebook and information product businesses we have been able to launch new income streams that far surpass the brutal reality of inflation…that has meant a HUGE difference for our family and our ability to help others.Â
Maybe it’s time to consider the same approach in your life? You can check out InfoMarketer’sZone where we share the methods we have used to launch multiple, leveraged, information marketing businesses online.
