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Are You Maxed Out On Personal Finance?

11 February 2010 2 Comments

Personal finance typically is all about minimizing your expenses, so you can save money.  I believe that personal finance does not address the pursuit of making more money frequent enough.  Let’s face it, by making more money, many problems are solved.

Grasp Personal Finance Principles First

Let’s get this straight, I’m not diminishing the pursuit of personal finance topics.  You must grasp these principles first.  Because if you have a handle on your spending and overall money management, an increase in income will result in a massive increase in saving and investing rather than an increase in spending.  This is the appropriate path.  The alternative is that while your income increases, your wealth does not (but your lifestyle does).

Income, Income, Income

While there are countless people who need to listen to Dave Ramsey and read the many PF blogs out there, there are also many people who have a firm grasp on personal finance and are ready for more.  My blog tends to lean towards those people, because frankly, that’s where I am.  If you’re still trying to grasp PF, check out the Personal Finance Manifesto.

So, with that said, the focus turns on income.  How can we boost it?  How can we add new income streams?  These are the questions I want to explore further and more passionately.  I want to hear your story.

  • How are you working to increase your income?
  • Do you have a second form of income? (not including interest from savings or dividends from stocks)
  • If not, what are you doing to build a second form of income?

These are all very important questions that you should address.  There is massive economic uncertainty and trust me, no job is 100% secure.  Don’t you think it’s wise to address these concerns?  Read my previous post on the 21st Century Worker to understand where I think we’re heading as an economy and heading in terms of career opportunities.  Understanding this direction will shed additional light on the need for multiple streams of income.

As most of you know, this website (and a few others) are my pursuits of a additional income streams.  I’ve been documenting the revenues from this website on a monthly basis.  I will continue to do so, and I’m also considering a few other income documentation ideas that I will reveal down the road.


  • David Carlson said:

    Just came across your blog from a comment you made on DINKs Finance. I'm way into creating additional income streams and as long as you blog about it I will keep coming back!

  • 20smoney (author) said:


    Glad to have ya! Be sure and check out my blog reports each month, i go into some specific details on revenue — just click the Blogging category on the left hand side.

  • Len Penzo said:

    Good points, Kevin.

    I've got a second income stream, Kevin. It's my blog. I things keep improving, in a couple of months, the added income stream may eventually be enough to cover the "Chili Cheeseburger, Chili Cheese Dog, and Chili Cheese Fries fo $3.33" deal at Weinerschnitzel at least once per month!


    Len Penzo dot Com

  • Nile said:

    Let me caution you to your idea in which you stated, "by making more money, many problems are solved." The opposite is often more true as any newspaper in America and around the world can attest. I would also like to quote someone more eloquent than I who said, " More money, more problems!"

    I think a better question might be, "How can I use what I have, to the fullest of its potential."