DON’T RELY ON ONE SOURCE OF INCOME

DON’T RELY ON ONE SOURCE OF INCOME

INSURANCE

Recently, I found myself dealing with an Insurance issue because of a suicidal deer and my son’s car. Obviously the deer did not survive but the car was totaled. Our insurance only paid about ½ of what was owed on the loan. Fortunately, when we got the car, there was a requirement to carry “GAP” insurance. This insurance will take care of the rest of the cost up to what remains on the loan payment.

What does auto insurance have to do with the subject matter: DON’T RELY ON ONE SOURCE OF INCOME?

You’ll understand after this story:

Many years ago, I was reading the JAMES HERRIOT books. One of his stories was about an insurance salesman selling insurance in those early days when it wasn’t so common. This farmer apparently so the wisdom in this coverage and bought the insurance to cover loss of wages for himself and his 2 farm hands. Never missing a day of work in all his years, this seemed to be foolish. However, shortly after, he became very sick and could not work for some time. In addition, one of his farm hand broke and arm and also could not work. The insurance came in handy and provided a continuous flow of income.

MULTIPLE SOURCES OF INCOME

Insurance for the loss of income is NOT the same as having MULTIPLE SOURCES OF INCOME. Insurance products are great and having an ANNUITY CONTRACT with an Insurance company is a great source of additional income. However, that is an entirely different discussion than where we are going today.

I always heard the saying: “from 9-5, you earn an income but from 5-9, you earn a life”

Most of your life, you are focussed on that 9-5 income. There are more and more people that are understanding they can earn a “life” outside of the confines of the “9-5 mentality”. You may have to hold onto that 9-5 but you can work on the other end of this any other time.

I have been involved for many years on the Internet. I found one business in particular that is separate from the others. (I won’t be explaining why here.) This business, COMPUMATRIX has been in development and we will see the results as it is introduced to the world.

There are 2 points I want to make regarding COMPUMATRIX and DON’T RELY ON ONE SOURCE OF INCOME.
COMPUMATRIX provides the resources to sustain a secondary income (or primary)
The Company’s Founder, HENRY JAMES BANAYAT, made a statement once: “I want you to use the funds you earn with COMPUMATRIX to start new businesses.