Small business of your own that provides some income.Freelancing or contracting in a field of expertise.Your own small or large business that provides you a regular income.Telecommuting/working at home for an off-farm employer.While living on the farm you might have one or more of the following types of multiple income streams. The point is that multiple income streams combined can cover your living expenses and often even allow for savings and investments in upgrades for your home and farm. That’s a decision for each family to make.īut we’re here to say that it is possible to replace some or all of your previous income by developing on multiple income streams. For both a steady paycheck and medical benefits, it may make sense for one person to be employed elsewhere. Some couples, like Jim and Marie here, are making ends meet with a number of small income streams. Other couples have one person employed away from home while one stays and focuses on farm projects. That’s not so far off from how some modern homesteaders and farmers make ends meet! We know that many of you readers live on your homesteads and work in town. Like many pioneer women, Ma Ingalls and her neighbors sold extra eggs, milk, butter, and canned goods or traded them for credit at the general store. In Little House on the Prairie stories by Laura Ingalls Wilder, we read that Pa Ingalls left the farm from time to time to go work on the railroad or some other short-term paying job. Multiple Income Streams Even Pa and Ma Ingalls did it! Many people make their living or supplement their income from an online business. School employees often have alternate jobs during the non-school summer months. It’s not unusual for someone to deliver newspapers before work or put in a few hours at a second job in the evening.
HOBBY FARM IDEAS TO MAKE MONEY FULL
It’s very common for both adults to work full time or one to work full time and the other part time.Īlso, many people with full-time jobs have sideline businesses that produce multiple income streams. Throughout history, people have worked multiple jobs or had small side businesses going to help make ends meet.Īctually, nowadays many families with two adults have more than one income stream. Though our parents and grandparents may have each worked one job that paid all the bills, earning money from multiple income streams is not a new idea.
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