If you are like us, you don’t want to be tied to a desk or a particular location every day to earn a living. This is why my husband and I have started to focus on building portable income – eventually, we’ll be able to take our dreams on the road. We call it “portable” because we can take it with us wherever we go and we plan on taking it to a beach! Portable income can either be your primary source of income or you can use it to supplement pension income.
Examples of building portable income
Portable income can come in so many different forms. Some that come to mind:
- Freelancing – Writing, Photography
- Website Development
- Real Estate Investment
This isn’t an exhaustive list by any means but does cover some of the most well known options.
Our current focus is on developing income from blogging as can literally be done from anywhere that has an internet connection and the startup costs are low. My husband is a programmer by trade and started his blog on game development just a few years ago and it continues to grow. It has also led to other opportunities including a publishing deal. All work that can be done from almost anywhere on the globe.
I’ve also started two separate blogs in recent months. One falls within the popular food blogging category which can offer great opportunities from niche ad networks, affiliate marketing, sponsored posts, cookbooks, etc. Again, little or no barrier to entry aside from needing to have some basic photography skills. Many food bloggers also sell their photographs as stock photos to supplement their income. Investing in your photography skills can open up editorial opportunities as well.
Why did I do choose to start two blogs? Really, the first, Blender Happy, started as a creative outlet and a bit of an experiment. And once I realized you could actually start to grow a following and build a decent website with little experience it became pretty evident that this could be the way to achieve our goals and dreams. Then, the 7 year plan was born.
I’ll share some tips on starting your own blog in a forthcoming post. If I can do it, with no help from my programmer husband, then anyone can!