I’ve been thinking about my Alternative Income Streams recently. I’m trying to put them in context with the earnings from my day job. I’m at a bit of crossroads where I’m not sure what to make of this income stream.
A large number of you leave comments about how well I’m doing each month as I review these income streams. It’s very uplifting to me. However, I wonder if it’s really a lot of money.
The definition of a lot of money was discussed at The Simple Dollar (TSD). The conclusion that TSD came to was that a lot of money in terms of salary was 50% more than what he currently makes. As he makes more money, his definition of “a lot” changes. This makes sense to me, but I have to say that my income streams is nowhere close to being 50% of my salary.
My alternative income is a source of excitement for me. It seems a little odd to me, but sometimes I feel like I’d be willing to trade $10 from my day job for $1 of money from blogging. I was very confused by these feelings until I read this tremendous article from the Washington Post (if you click on any link to leave this site, make it that one). It would take too many words to give context to that article, but here is the key quote:
“At a music hall, I’ll get upset if someone coughs or if someone’s cellphone goes off. But here, my expectations quickly diminished. I started to appreciate any acknowledgment, even a slight glance up. I was oddly grateful when someone threw in a dollar instead of change.” This is from a man whose talents can command $1,000 a minute.
I don’t have that kind of talent at my day job, but I’ve become conditioned to a fairly high salary.Â In contrast, in the world of blogging and alternative income, I’ve been conditioned to earning very, very little. Â I find that life’s experiences are in relation to the surrounding context – this is another case of that.