What Your Guidance Counselor, Career Counselor, and Own Mother Probably Never Told You...

The alarm clock jars you awake at some insanely early hour. As you hit the snooze button you think, "there's gotta be a better way to make a living." As someone who rolled out of bed this morning at 8:30, I'm here to deliver the good news: there is.

A lot of people dream of escaping "Dilbert's world" and being their own boss. Perhaps the biggest reason these dreams get derailed is money. Or, more accurately, faulty thinking about what it means to "make a living." I'm no exception. For a long time I thought before I could take the leap to self-employment, I had to first figure out a venture that would generate the same amount of income as I was then earning.

Develop Multiple Profit Centers

Not so, says Barbara Winter, self-bosser and author of Making a Living Without a Job Winter is an enthusiastic advocate of what she calls "multiple profit centers." Instead of thinking in terms of a single income, i.e. a "job," Winter recommends aspiring entrepreneurs develop several income sources.

Outdoor enthusiast and neighbor Bob Sadowski is living proof that you can have your cake and eat it too. Bob lives on 80 acres in rural Plainfield, MA where he's parlayed his life passions into his livelihood. When not running New England Bob's Snowmobile Tours of Quebec snowmobiling tours throughout Quebec (one covers nearly 1,100 miles) this vintage car enthusiast specializes in buying and selling antique car and truck parts out of his barn.

Today my income comes from five sources:

1) I publish eBooks and other resources for other people looking to take the leap from having a job to having a life.

2) I do telephone consultations with people from literally all over world on how to turn what you love to do into income.

3) Drawing upon research I did in graduate school, I've established myself as an expert on the topic of women's self-limiting patterns and philosophies. Now I'm asked to deliver my How to Feel As Bright and Capable as Everyone Seems to Think You Are for such diverse organizations as American Women in Radio and Television, Bristol Myers Squibb, and MIT.

4) I get paid to deliver other people's seminars. My biggest client for freelance training is my former employer, a company called Time/Design. Time/Design hires me to fly around the country to lead their one-day course called Time Management to Focus Management for such clients like Ruby Tuesdays, Georgio Armani, and the US Army.

5) I seek out other products


Keep Your Day Job

Maybe you aren't interested in quitting your job but you like the idea of not having all your eggs in one basket. When traveling to San Francisco, I stay in an apartment in a lovely hilltop home in the Ashbury Heights section of the city. The owner is a Bay area native who, in addition to teaching reading to grade schoolers (which she absolutely loves), has set up several additional sources of income.

For one, she rents the in-law apartment to tourists through the local B&B association on per night basis earning considerably more than she would with a year-round tenant. For weekend and summer time income, she parlayed her knowledge and love of the city into a personal tour guide business with a steady stream of customers right in her own home. She even takes in a few extra bucks renting videos to her overnight guests.

Maybe you don't really like your job but can't afford to just up and quit. Say your long-range goal is to make $50,000. You don't need to be a math whiz to know there are different ways you can slice and dice this. For simplicity sake, though, let's say you decide to set up five income streams, each generating $10,000. Since you'll be building your multiple income streams while you're still gainfully employed, starting two side businesses simultaneously is probably about your max time-wise.

What you now have is a monthly goal for each business of just over $800. That's $200 a week. If making $20,000 a year seemed daunting, Winter says, psychologically earning $200 is more feasible: "Knowing what your financial goal is makes it easier to determine what action you'll need to take to accomplish it."

So what are you waiting for? It's your life!

"Off the beaten career path" consultant, Valerie Young, abandoned her corporate cubicle to become the Dreamer in Residence at http://www.ChangingCourse.com, offering free resources to help you discover your life mission and live it. Her career change tips have been cited The Wall Street Journal, USA Today Weekend, Redbook, Entrepreneur's Business Start Ups, and on-line at MSN, CareerBuilder, and iVillage.com. An expert on the Impostor Syndrome, she's presented her How to Feel as Bright and Capable as Everyone Seems to Think You Are program to thousands of people.

More Resources

Self-Knowledge: The Key To Finding The Right Career Direction
Your career, like any journey, has a beginning, an end and a direction. For many people, the present direction of the career is probably not a result of entirely their own choices.
Resumes and First impressions
Hunting for a position in a new career field? Trying to take your new education or skills and transform them into a job with a future?I've spent the last few weeks working in a placement service trying to help people find that first "career" job; trying to help them make the transition from student to employee. I see the same mistakes over and over again.
Reinvent Your Career In Five Simple Steps
The phrase "reinventing yourself" seems to be popping up all over lately. Just a few days ago a friend asked me how he could do it without starting completely over.
Dissatisfied With Your Job? Stop Believing The Myths!
If you are dissatisfied with your job, you are in a self-imposed career slump!Why are so many of us in career slumps? Bottom line?we are not doing work that satisfies us! No matter what our employer does for us, if we are not doing work we really want to be doing, in a way that fits our desired life-style, we will never be satisfied.What keeps us in career slumps for so long? The number one thing that keeps us in our slumps is that we believe the "myths" we were told!1.
One Cover Letter Secret You Cant Afford To Miss
Suppose you were the hiring manager, your desk piled high with cover letters and resumes to sort through. Which of the following cover letter greetings would grab your attention?Example #1:Dear Sirs: Dear Sir/Madam: Dear Gentlemen: To whom it may concern:Example #2:Dear Manager: Dear HR Director: Dear Human Resources:Example #3:Dear Mrs.
Overcoming Inertia in Job Change
If you can hold on to an optimistic belief in the possibility of success, you have a very powerful motivator of change. But not everyone can, or will need help to do that as some are naturally more optimistic than others.
History Reports: When Your Resume Equals, I Did This, I Did This, I Did This
Do these sound familiar?"I worked for?" "My responsibilities were?" "My duties included?"Does a prospective employer care about what you "did for other companies"? Of course they do, but that doesn't mean that's what they really want to know. Conducting a job search is a marketing campaign, moreover, a sales process, not your personal history lesson.
Yes, Ive Had Gaps In My Employment History--What To Do About It?
Yes, I've Had Gaps In My EmploymentHistory--What Can I Do About It?1. Honestly, there is not a single personwho has not had SOME gaps in theirwork history.
Tips For Surviving As A Corporate Refugee
In her book "Are You A Corporate Refugee", Ruth Luban associates "corporate refugees" with refugees who never intend to leave their home country. People who are uprooted from the familiar terrain, customs and native language they've known for a very long time.
Retiring in Paradise
I have to admit that I'm starting to slow down a bit. I am definitely in my final career - and quite comfortable working a 40 hour schedule.
Occupational Health and Safety - Stress and Workaholism at Work
There has been a lot of hullabaloo recently about the problems facing Australia in retaining talented workers and the subsequent pressure placed on those remaining behind in the workplace.The incidence in stress claims is rising and is having an impact on the economy and enterprises in general.
Why Well Produced Career Portfolios Are Replacing CVs
What is a Career Portfolio?The original portfolio used by artists looking for work was simply a collection of works demonstrative of the artists style and ability. Because their works varied in size and shape, portfolios came in all sizes and shapes.
Become an LPN, the Fast Path to a Nursing Career
Licensed Practical Nurse (LPN) CareersLicensed Practical Nurses provide the most amount of direct patient care within the nursing category of healthcare. If you're interested in a healthcare career dealing directly with patients, becoming an LPN is a rewarding opportunity.
Why Culinary Education
If you are thinking about a career in culinary arts then studying in a culinary school is a must. You may be a great cook but you will never become expert learning culinary arts yourself.
Job Layoff: Confronting Why Me?
Perhaps you saw it coming. The fall in company stock prices.
Dont Stop! Your Transition is Still Moving!
Q. I'm looking for a new job and plan to work with a career consultant next month.
Resume That Effectively Promotes You!
Imagine for a moment that you have created a wonderful product. You are excited at the possibilities of attaining name, fame and wealth marketing this product.
Closing the Gap on Your Career Goals
If you still picture a steady progression up the ladder when you think of your career goals, it is time to shift your thinking. For most people, climbing the career ladder is no longer an option.
How to Become a Real Estate Agent
If you're wondering how to become a real estate agent, the basic process is fairly simple, although it does vary a lot from state to state..
Why Choose A Professionally Written Resume?
Good question, considering that nowadays you can find manyuseful resources to help you write your own resume(including many located at http://www.impressive-resumes.

More Careers & Employment Information:

Related Articles

How To Become a Mortgage Broker
The mortgage industry accounted for $1,815,949,279,000 in loan transactions in 2004. That's one trillion, eight hundred and fifteen billion, nine hundred and forty-nine million, two hundred and seventy nine thousand dollars.
Five Facts You Must Know When Changing Careers
Too often in life, we fail. We fail not because we set our goals to high and miss achieving our aspirations.
Start Working Before You Get Hired
What if there were a way to *prove* to any sane employer that you alone were the one to hire?Would learning how to do that interest you? I thought so.I call this the "start-working-before-you-get-hired" job-hunting method.
Finding Employees For Insurance Industry Jobs
Finding the right employee for any job opening can be a challenge to say the least, and this is no truer than in the insurance industry. With considerations ranging from experience and education to their personal skills, the decisions faced by recruiters and employers can be of critical importance.
What Not To Include In Your Resume
Do you have a difficult time determining what does not go in your job resume? The rule of thumb is to only put enough information about your qualifications in your resume in order to get the employer interested enough to contact you about an interview.If the information doesn't highlight your qualifications, keep it out.
Resume Layouts ... The Hidden Pitfalls
Options for Resume LayoutsThere are many options of available to today's job seeker. With a quick change of graphical elements such as fonts and style, the feel of a resume can change from traditional and conservative to creative and modern.
Job Interviews & the Magic of Music
Can music help you with your next job interview? It just might! Here's how. First, it can help you during your research, preparation and practice.
Resurrecting the Perfect Resume, Part One
Is your resume dead? Don't be so quick to say, "No way!" Of the hundreds of resumes I've seen written by job seekers of all backgrounds and educational levels, easily 95% qualify to be labelled as dead-but-not-yet-buried.
Prepare for Your Performance Review Before You Start the Job
When you start a new job, you probably realize the first three months are critical to your long-term success. Everybody's eye is on the "newbie" as you learn the ropes.
Women Who Quit Work Abrubtly After Childbirth - Are You the Type?
According to statistics one out of every five pregnant women will not return to work. Quitting abruptly after childbirth could wreak havoc on your finances, your career and even your relationship with your partner.
Resumes, Networking, Headhunters - Useless Without Marketing Sweet Spot
A career transition is no longer about getting your hands on a list of contacts, networking with headhunters, or going online to look for work. It's better than that.
Self Describing Skills - Key Strengths
You need to be the best you can at describing your best qualities; particularly your key strengths. In my coaching practice I generally, at some point, ask my client: "What are you good at?" purely as a means to establish if they have already thought through this most important question.
Are You Tired of Hiring Other Peoples Rejects? - 12 Mistakes Recruiters Make and How To Avoid Them
When John applied for a job at Oakland Company, his resume looked fabulous, showing tremendous talent and advancement. His qualifications were beyond question and he built immediate rapport with everyone in the interview process.
How to Transform a Boring Note Into A Killer Cover Letter - Part II
In Part I, we covered how to grab the reader's attention with the opening sentence. Nowwe'll get them interested, arouse desire, and get them to take action.
About Your Work
I like Simon, one of three judges on American Idol. I find his feedback refreshingly honest.
Unlimit Your Life!
Do you have a tendency to think in absolutes?Is everything good or bad, black or white?This type of thinking can severely limit your options. Or worse, prevent you from getting an accurate picture of what'spossible.
Taking Your Words Seriously
When we ordered the stained glass window as an accent piece for our home, the artist-proprietor told us he was a bit behind. "So," he said, "to be on safe side, plan on six months.
Working Abroad - Employment Advice In Spain
Jobs and employment on the Costa BlancaThe Council of Europe regulations forced Spain to end all restrictions on the free circulation of European Union workers as of January 1st, 1992 - which means that all EU citizens can work in Spain under the same conditions as Spaniards complete with employment contracts and employers contributions into the Spanish Social Security system on your behalf, giving both yourself and your dependants, access to the Spanish National Health Service. These rights extend even to family members who are non EU nationals.
Resume That Effectively Promotes You!
Imagine for a moment that you have created a wonderful product. You are excited at the possibilities of attaining name, fame and wealth marketing this product.
Rev-Up Your Network!
Whether you are looking for a job, new clients or feel the need to expand your list of professional contacts, networking is the answer.So what are you saying to yourself right now? "Yuck, I hate networking.