Comments on: The Income Snowball & Funding Your Freedom: A Four-Part Guide http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/ Just another WordPress site Mon, 06 Feb 2012 02:22:00 +0000 hourly 1 By: Greg Gardner http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6293 Greg Gardner Sun, 27 Jul 2008 15:32:29 +0000 http://TheGrowingLife.com/?p=350#comment-6293 I listened to the podcast on PC and have been reading your blog for a while. I've been a student of personal development for 20+ years. What a refreshing and liberating perspective! My wife and I have been baselining and taking small steps to decrease our "stuffprint" -- (I just made that up!!) I work for a Fortune 500 company but I have to tell you that the Life Design idea has not gone unnoticed by them. It seems that allowing employees to create their own reality makes sense for them as well. I now work from home and have almost total control over my schedule. Because of that transition I've had the space to share my own voice on certain issues. Sufficed to say that I appreciate your voice. You've helped me and my family. I listened to the podcast on PC and have been reading your blog for a while. I’ve been a student of personal development for 20+ years. What a refreshing and liberating perspective!

My wife and I have been baselining and taking small steps to decrease our “stuffprint” — (I just made that up!!)

I work for a Fortune 500 company but I have to tell you that the Life Design idea has not gone unnoticed by them. It seems that allowing employees to create their own reality makes sense for them as well. I now work from home and have almost total control over my schedule.

Because of that transition I’ve had the space to share my own voice on certain issues. Sufficed to say that I appreciate your voice. You’ve helped me and my family.

]]> By: Jake @ Silver Coins http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6318 Jake @ Silver Coins Fri, 25 Jul 2008 08:35:30 +0000 http://TheGrowingLife.com/?p=350#comment-6318 great post. everyone should have various sources of income great post. everyone should have various sources of income

]]> By: Blake@YoungDough http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6297 Blake@YoungDough Tue, 22 Jul 2008 20:11:54 +0000 http://TheGrowingLife.com/?p=350#comment-6297 Oops, sorry about the last comment! Had several posts of yours open at once and wrote in the wrong tab! Oops, sorry about the last comment! Had several posts of yours open at once and wrote in the wrong tab!

]]> By: resonanteye http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6314 resonanteye Sun, 20 Jul 2008 19:34:12 +0000 http://TheGrowingLife.com/?p=350#comment-6314 had to subscribe; this was helpful as f^ck. Nice to finally have a name for what I've been doing all these years. had to subscribe; this was helpful as f^ck. Nice to finally have a name for what I’ve been doing all these years.

]]> By: Chris Kirk http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6294 Chris Kirk Wed, 09 Jul 2008 02:17:00 +0000 http://TheGrowingLife.com/?p=350#comment-6294 Thanks for the post, man. My wife and I just walked through your post here as a framework for discussing an impending life change. Very helpful. Thanks for the post, man. My wife and I just walked through your post here as a framework for discussing an impending life change. Very helpful.

]]> By: Lila http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6295 Lila Tue, 08 Jul 2008 17:56:04 +0000 http://TheGrowingLife.com/?p=350#comment-6295 In 2000 I had a baby at the age of about 30. I had a pretty solid career in a very specialized IT related field. Luckily my boss let me go to very part time, but about 3 1/2 years later (and a couple of years into a second baby) we suddenly parted ways. I panicked for about a month, but amazingly work just started coming to me. 5 years later, it still just comes to me (knock on wood). I've been able to stay at home the entire time and keep the outsourcing of motherhood to a bare minimum (an average of less than 18 hours a week since their birth) Although they do go to school now, I'm able to pick them up and help them with their homework before they run outside to play with their friends. Just about the time I start panicking that a current consulting job is about over, someone else calls. I have a dozen projects I'd love to do (including advertising my consulting "shingle" and blogging) but haven't been able to swing it yet. When people ask me what I do for a living I can never really say because I do so many different things so I've made up some line about computer consulting. If it hadn't been for the sudden change in employment I don't think I would've had the nerve to jump off of that bridge, but I'm very glad I did. Now if I can just figure out a way to make the money come in automatically so I can do more traveling... I'll have to read part two!!! In 2000 I had a baby at the age of about 30. I had a pretty solid career in a very specialized IT related field. Luckily my boss let me go to very part time, but about 3 1/2 years later (and a couple of years into a second baby) we suddenly parted ways. I panicked for about a month, but amazingly work just started coming to me. 5 years later, it still just comes to me (knock on wood). I’ve been able to stay at home the entire time and keep the outsourcing of motherhood to a bare minimum (an average of less than 18 hours a week since their birth) Although they do go to school now, I’m able to pick them up and help them with their homework before they run outside to play with their friends.

Just about the time I start panicking that a current consulting job is about over, someone else calls. I have a dozen projects I’d love to do (including advertising my consulting “shingle” and blogging) but haven’t been able to swing it yet.

When people ask me what I do for a living I can never really say because I do so many different things so I’ve made up some line about computer consulting.

If it hadn’t been for the sudden change in employment I don’t think I would’ve had the nerve to jump off of that bridge, but I’m very glad I did. Now if I can just figure out a way to make the money come in automatically so I can do more traveling… I’ll have to read part two!!!

]]> By: The Financial Philosopher http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6317 The Financial Philosopher Mon, 07 Jul 2008 14:24:25 +0000 http://TheGrowingLife.com/?p=350#comment-6317 I'll provide testimony that starting your own business or a new career with children is quite possible. I started my own business two years ago with two young children and a stay-at-home wife... The only financial advantage I had was equity in my home (but not a large amount) to finance the business. For me, the ability to make the change came from a combination of frustration with constantly hitting dead-ends and glass ceilings working for "the man" and an attitude that money is abundant. In my first year of business, I gave money to charity even though I was not profitable; my wife and I never changed our lifestyle; I continued my masters program; I started a blog; and the newfound freedom opened new doors as my creativity exploded. Now I see that the possibilities are only limited by my imagination... My advice to others is that "being responsible" can actually be counter-productive and the quest for discovery is limited without adding adventure to our responsibility... "We have to recognise accident, i.e., the fact that there is no formula, no 'principle', which covers all things; that there is no totality or system of things. And this recognition at once supports a life of 'responsibility and adventure' and leads to scientific discovery." ~ John Anderson Great post... Kent (The Financial Philosopher) I’ll provide testimony that starting your own business or a new career with children is quite possible. I started my own business two years ago with two young children and a stay-at-home wife…

The only financial advantage I had was equity in my home (but not a large amount) to finance the business.

For me, the ability to make the change came from a combination of frustration with constantly hitting dead-ends and glass ceilings working for “the man” and an attitude that money is abundant. In my first year of business, I gave money to charity even though I was not profitable; my wife and I never changed our lifestyle; I continued my masters program; I started a blog; and the newfound freedom opened new doors as my creativity exploded.

Now I see that the possibilities are only limited by my imagination…

My advice to others is that “being responsible” can actually be counter-productive and the quest for discovery is limited without adding adventure to our responsibility…

“We have to recognise accident, i.e., the fact that there is no formula, no ‘principle’, which covers all things; that there is no totality or system of things. And this recognition at once supports a life of ‘responsibility and adventure’ and leads to scientific discovery.” ~ John Anderson

Great post…

Kent (The Financial Philosopher)

]]> By: Clay Collins http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6316 Clay Collins Mon, 07 Jul 2008 10:34:04 +0000 http://TheGrowingLife.com/?p=350#comment-6316 @Kenny: Thank you so much for this very thoughtful comment. I'll go ahead and email you offline. --Clay @Kenny: Thank you so much for this very thoughtful comment. I’ll go ahead and email you offline.

–Clay

]]> By: Kenny http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6292 Kenny Sun, 06 Jul 2008 01:39:27 +0000 http://TheGrowingLife.com/?p=350#comment-6292 I've tried to consistently read productivity blogs for over a year now and just can't seem to do it. And though it's difficult for me to do anything consistently, I've found myself coming back The Growing Life and listening to the Precision Change Podcast in my car on the way to work (on a burnt CD, because I'm too poor to buy and iPod). So, now that that unrelated to the post part of the comment is over, I really enjoyed this post though there is one theme I find that always places me outside the scope of the productivity circles... it always seems that everyone is employed, and makes a decent income at an office type job and they're trying to get out of that. However, I have a shitty job, working at a security monitoring company (I don't get a flashlight) making barely enough to get by (my fault entirely). I do, however, have a plan, and I've been studying and implementing many ways to make money online and I believe I've come to a point where I can make enough to quit my job (which would make me freaking amazingly happy in just that). So, I'm just going to lay it all out there. I'm in moderate debt, make about 23k a year and I have very few expenses (the biggest one is my debt). I hate my job and feel like I work and sit around and work and sit around... etc. I'm very inconsistent but I've seen results from very small amount of work online. I know if I worked online (which I love) I could make enough money to support myself. This is probably a stupid question that only I can answer, but hey, it's good to hear what other people have to say. Should I quit my job and just work my ass off on my online business... Or, should I keep my job and try to work my ass off simultaneously to make enough money to quit (which I've been trying to do for years). This comment is way longer than I expected. Sorry. And thanks for the post. I’ve tried to consistently read productivity blogs for over a year now and just can’t seem to do it. And though it’s difficult for me to do anything consistently, I’ve found myself coming back The Growing Life and listening to the Precision Change Podcast in my car on the way to work (on a burnt CD, because I’m too poor to buy and iPod).

So, now that that unrelated to the post part of the comment is over, I really enjoyed this post though there is one theme I find that always places me outside the scope of the productivity circles… it always seems that everyone is employed, and makes a decent income at an office type job and they’re trying to get out of that. However, I have a shitty job, working at a security monitoring company (I don’t get a flashlight) making barely enough to get by (my fault entirely).

I do, however, have a plan, and I’ve been studying and implementing many ways to make money online and I believe I’ve come to a point where I can make enough to quit my job (which would make me freaking amazingly happy in just that).

So, I’m just going to lay it all out there. I’m in moderate debt, make about 23k a year and I have very few expenses (the biggest one is my debt). I hate my job and feel like I work and sit around and work and sit around… etc. I’m very inconsistent but I’ve seen results from very small amount of work online. I know if I worked online (which I love) I could make enough money to support myself.

This is probably a stupid question that only I can answer, but hey, it’s good to hear what other people have to say.

Should I quit my job and just work my ass off on my online business…

Or, should I keep my job and try to work my ass off simultaneously to make enough money to quit (which I’ve been trying to do for years).

This comment is way longer than I expected. Sorry. And thanks for the post.

]]> By: Clay Collins http://www.clay-collins.com/blog/the-income-snowball-funding-your-freedom-a-four-part-guide/#comment-6315 Clay Collins Sat, 05 Jul 2008 21:42:47 +0000 http://TheGrowingLife.com/?p=350#comment-6315 @Jared and @Adam I agree about tangential careers, but I believe that one can build an income snowball while doing a number of things that are clustered around your ideal career path. My long-term goals are very tied up with the internet, so I'm not building websites, doing social media and SEO consulting, and writing ebooks just to make an income. It's also worth nothing that you can create business relationships that don't demand 2+ years of commitment. Unless they hire me, I don't think ANY of my clients would feel mislead if I can't continue my services on a consistent basis for the next two years. So, in summary, I think it's possible to (1) create an income snowball that's clustered around a core of relates talents and passions, and (2) manage the expectations of your clients so that no one misunderstands what you are offering. @Jared and @Adam

I agree about tangential careers, but I believe that one can build an income snowball while doing a number of things that are clustered around your ideal career path.

My long-term goals are very tied up with the internet, so I’m not building websites, doing social media and SEO consulting, and writing ebooks just to make an income.

It’s also worth nothing that you can create business relationships that don’t demand 2+ years of commitment. Unless they hire me, I don’t think ANY of my clients would feel mislead if I can’t continue my services on a consistent basis for the next two years.

So, in summary, I think it’s possible to (1) create an income snowball that’s clustered around a core of relates talents and passions, and (2) manage the expectations of your clients so that no one misunderstands what you are offering.

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