*This is a collaborative post.
As a full-time blogger, I firmly believe that making a living from blogging is possible. It takes a lot of time and effort to build up an audience as well as numerous social media platforms, so it’s never going to happen overnight. It’s also not a job for those among us that aren’t able to burn the midnight oil regularly, or those that aren’t able to immerse themselves into social media. The positives far outweigh the negatives though! The best thing about being a full-time blogger and working from home, is that it opens up many doors that allow me to earn from multiple income streams.
The idea of multiple income streams –
Multiple income streams do what they say on the tin. It’s the concept of making money in numerous different ways, so that you aren’t relying on one wage packet alone. That way if one income stream happens to dry up, you will have others to fall back on. Creating multiple income streams is an excellent way to secure financial freedom, thus reducing the stress that comes with worrying about money.
Multiple income streams are important for bloggers, as work is never guaranteed. As with many self-employed roles, you have to take the rough with the smooth and sometimes that means not getting a wage at all. Having other ways of making money can bridge the gap, to keep you ticking over. If you’re interested in learning more about making money from home, I’ve written all about it HERE!
I’m always looking into adding to our current income streams, as I believe it’s important to have a broad skill set and to keep my options well and truly open.
Money you didn’t know you had –
As well as creating multiple income streams, it’s a good idea to do a little research into cash that you may be entitled to receive, but aren’t yet benefiting from. First of all, you should look into making a PPI claim. There could be a pot of money with your name on it. This can also be classed as another income stream, as it’s money you can fall back on, should your other means of making money fail. The time to look into your PPI claim is now, as the deadline to do so is only a year and a half away. It can take up to six months to complete a claim too, so it’s best to act now so you don’t miss out.
It’s also a good idea to look into marriage tax allowance, to check if you are eligible to receive it. It’s possible to claim hundreds of pounds back if your situation hasn’t been accounted for accurately in the past. Again if you’re able to claim, this is another pot of cash to fall back on if your circumstances happen to change.
If you have a legitimate claim, both of these options give you the chance to get your hands on money that’s yours, so don’t miss out!