the spare tire principle
By johnvilleta
@johnvilleta (14)
Philippines
September 11, 2010 9:17pm CST
whenever you drive a car, you carrying a spare tire, right. why are you expecting a flat tire? of course not! you carry a spare tire just want to be prepared when hitting the road to reach your destination without further delay.
apply this principle for your income to have a constant flow. you should not be contented to one source of income. you should create and develop spare resources of residual income so that even you lose your job, getting sick or company shutdown, your income never stop like a running water in the spring, continuous and over flowing.
1 person likes this
8 responses
@jennyze (7028)
• Indonesia
12 Sep 10
Yes, I want to have more than a couple of sources for my income. The problem is which one that really gives income for this rainy days? I don;t know how to start a business and I don't have the capital to do it. So, I am stuck with my job and Mylot.
1 person likes this
@johnvilleta (14)
• Philippines
13 Sep 10
there so many opportunity look around you,many websites that can give you a income,only you can figured out what business is good for your place,,, thing about the needs of people? how can you market you existing product or service,that can benefit all
1 person likes this
@coffeebreak (17798)
• United States
12 Sep 10
I believe this also. My problem is that I try things and work so hard to get them going and they never take off.
And as far as a spare tire...just in case? Better to have it and not need it, than to need it and not have it!
1 person likes this
@dont_pick_your_nose (2279)
• Australia
12 Sep 10
I like the way you think you seem very smart. Good advice, i absolutely agree with it but don't always live by it. I would love to have enough money not to worry to live with everything i want and need without having to plan or sacrifice other things. One day this dream will come true, i have been making big changes to my spending and income. Theres no better time than now.
@johnvilleta (14)
• Philippines
13 Sep 10
thanks, thats true, value our spendings,, find more source of income for as to secure life, spend wisely
1 person likes this
@shubhamkedia (19)
• India
12 Sep 10
well i totally agree with this i myself always in search of spare earnings in addition with my main earnings because i always wanna be prepared for anything that can happen in future good or bad...
@bounce58 (17387)
• Canada
12 Sep 10
I agree that everyone should have other means of income, who wouldn't? I think the problem is how to go about getting this. Specially if you already have a regular job wherein you spend 40 hours a week. It would be hard to find the time, and balance it with your family time.
But everyone should! That's why a lot of people venture out into money-making endeavors on-line.
@mturacom (632)
• India
12 Sep 10
I currently don't have a job and online earnings are all I earn. Most of the sites out there are scam and many turn into scam everyday. So I have joined many paying sites so as when one site stop paying I can continue to earn with other sites.
I have joined some reliable sites just to make sure my earnings are not completely vanished.
