How Secure Is Your Income?

Good morning! I hope your day is starting off nicely.

I woke up this morning thinking back to when I was a young boy, probably 12 or 13. Yes, I can remember that far back, thank you. Times were a lot easier then. Not because times have changed that much, but all I had to worry about were pimples and girls. As it turnHow Bied out, there wasn’t much I could do about either of them, so all that worrying was for nothing.

One of our pastimes back then was daredevil stunts on our bicycles. Understand, this was way before the days of bicycle helmets, which probably explains a lot. Yes, I bounced off the ground a few times. And our default response was to figure out what went wrong, then do it again a little faster.

That was in the days when Evel Knievel was a star, and you could instantly spot a home with an adolescent boy by the makeshift ramp in the front yard. It was pretty simple, actually. A narrow sheet of thin plywood propped across a big rock, with a loose gravel approach and a car parked in the landing area. What could possibly go wrong?

Suffice to say we suffered our fair share of scrapes and bruises, and I’m pretty sure Dad knew the source of those scratches on the side of the car. We’d hit the ramp, the plywood would shift, we’d go off sideways, and flip over the handlebars when we landed on the front tire. A little Bactine and some fresh bandages, and we were at it again. “See if you can find a bigger rock!”

If this sounds even remotely familiar, welcome to my world. I wasn’t a daredevil by any stretch. I was just a typical boy having fun. And I guess that mentality hung around long enough to drive some of the decisions I make today. No guts, no glory. I’m pretty sure my car has a spare tire, but I couldn’t begin to say if it has any air in it because I’ve never checked.

Dad used to drill that into me … “Check the air in that spare tire, boy!” Okay, Dad came from an age where tires were a little less reliable and driving around on “may-pops” was a time-honored tradition. He’s told me several times about a short trip where he got a flat, put on the spare, and then the spare tire went flat. Sometimes, you just can’t win.

Driving around without a spare tire isn’t overly intelligent, even though a lot of newer cars don’t have one anyway. But it’s something we never think about until we need it. Then all of a sudden, we find religion. “God, PLEEEEZE let this thing have air!”

We’re in the middle of some very unsettling times, and all indications are that we’re nowhere near the end. In fact, it seems to be ramping up again. Millions of people are unemployed, and those of us who were lucky enough to keep our job the first time may not be so lucky again. A lot of companies are barely surviving and one more blow will finish them off.

The question is, do you have a spare tire? Does it have any air in it? “I’ve got a few bucks in the bank.” That’s great. How long would it last if you had to live on it? For most of us, the answer is “not long.” A month or two? Maybe six? What happens after that? Hopefully that spare tire is capable of breathing in new air, because it’ll go flat long before you’re done using it.

Now, more than ever, we need multiple streams of income. I’ve always been able to add in a little with stand-up comedy and freelance writing, but it’s never quite enough to live on. How about you? If you had to suddenly start paying the bills without a weekly paycheck, what would you do? This isn’t about doom & gloom. It’s about having something to fall back on, just in case.

Dig the well before you get thirsty. I didn’t make that one up, but it’s one of my favorite quotes. Are there things you could do to earn an income if you suddenly lost your job? Sure, there are dozens. But most, if not all, will take a fair amount of time to get started and up to speed. Meanwhile, those bills just keep coming.

The time to start is now, before you need it. Hopefully the need will never arise, but what’s the worst that happens then? You have extra money and have to figure out how to spend it? That’s a problem I could live with. And if the need does arise, you simply shift gears. Challenges are only a problem when we’re not ready for them. When we are, they’re just another path to success.

That’s all for now. Have an awesome day!

© 2020 Dave Glardon – All rights reserved