Reflecting on his self chosen lack of employment income, Sam from Financial Samurai asked his readers the question “Do You take your income for granted?” the responses he received are fantastic and really got me thinking.
As I read the post and all the comments all I could think is that, he (and his readers) may have inadvertently nailed why I think I have the business/investment risk tolerance of a 83 year old widow.
My Current viable streams of income are:
- My job
- Wife’s Income
- Online Company (which includes this blog plus 8 or so other co-owned sites)
All of these streams of income are at the whim and control of another.
- I could be fired by my employers at any time for any reason
- The Wife, who is in sales, could lose all her clients
- My online company could be shut down tomorrow by an algorithm update from Big G.
I think that is the reason I do not take any income for granted. I also think building diversity will lower the black swan event of everything turning on me at once.