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Let’s Talk about Money – Multiple Income Streams

Let’s Talk about Money – Multiple Income Streams

*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.

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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!  

 

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53 Replies to “Let’s Talk about Money – Multiple Income Streams”

  1. I definitely agree that having multiple income streams is important. I’m trying to work on that now and have started to looking into different types of freelancing. I also tried the PPI claim but didn’t hear anything from it unfortunately!

  2. We did both of these without going through an agency too, so easy to fill in the forms yourself and get a good amount of cash in your pocket. Always good to share the knowledge so people can help themselves out. xx

  3. Honestly, the whole blogging making money process is so overwhelming to me at times. After reading this, I did check to see if we have a PPI program here in the States. I could not find one to search for money though, just lots of buy this now sites. As always, I so enjoy reading your posts – Have a great day! #Blogstravaganza

  4. I remember doing a PPI claim against my own bank for some loans that had long since been paid off. I did it all myself, it was remarkably straight forward really. When the bank special department called me to “interview” me about my claim that fact that I couldn’t really remember payment protection being mentioned in all them years ago when i applied for the loans didn’t seem to matter. I got 1000’s back! The best bit was a year later the wrote to me to tell me they had recalculated my claim. I though “oh no, they want some of that money back!” – but I was wrong, in fact they owed me MORE money and it had actually already been paid directly into my back account on the day the letter arrived! I don’t advocate these claim companies who take a cut when it’s something anyone can do for themselves.
    #Blogstravaganza

  5. I think I might be the queen of the multiple income streams! I have my fingers in more pies than I care to think about! It’s a shame none of those pies pay millions but every little counts! #blogstravaganza

  6. As a single parent I have part time employment to pay the bills and use what I earn blogging to top up my income as I need the stability of a regular income coming in. But having multiple income streams is so important and I am currently looking into more ways to do this #blogstravaganza

  7. Great advice, it’s always worth checking out tax allowance. I also use Top Cashback now and have accumulated £300 in there over the last couple of months just by using it to click through to other websites.

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