With the unemployment rate hitting a 26-year high of 9.7%, it is little surprise that many people are starting to rethink their employment situations. The drive to find additional income is one that is understandable right now (or any time, for that matter). You want to set something up so that if you lose your job, at least you have something coming in. It only makes sense.
I like that The Canadian Finance Blog recently offered some things that you could do to make a little more money:

Dividend investing.
Rental property.
Sell some of your stuff.
Write online (HubPage, eHow, Suite 101, Helium, Associated …read more

I’ve added an hour every day, five days a week, to my schedule for completing my book. That spot is for more than just this book, but for creating residual income in general.
And this morning, in spite of an early f2f meeting that took a couple of hours out of my schedule, I actually spent an honest hour editing. Got some good work done, too. I also spotted some problems that will require some thinking, etc. etc. etc. You know, the general stuff that comes up midway through a writing project.
What surprised me most, however, was the internal sense …read more

On May 27th, I declared to the world my intention to create a solid stream of residual income. I even have a nice handful of products that, with proper marketing, could act as the basis of a constant stream of, eventually, significant money.
In the last 11 days since that post I’ve done… almost nothing toward my goal. Sigh. I got all distracted. First, I realized that I hadn’t changed my contact information on my other websites, particularly www.aboutfreelancewriting.com, www.writingwithvision.com and www.annewayman.com. I did get that mostly done. But I also realized that updating www.writingwithvision.com is a horrid chore because of …read more

I’m probably not going to win a lottery (I never buy tickets) and it doesn’t look like I’m going to inherit anything substantial. And, truth be known, I don’t have any real retirement plan.
So, I want and need to create some serious residual income.
I get about $250 in royalties every year – maybe $300. Once and awhile, some pamphlets that I wrote for Hazelden will kick out a grand, but not every year and not in an predictable fashion.
I’ve got one book, Powerfully Recovered! that can, I think, bring in significantly more with some savvy marketing. I’ve also got …read more