Alternative Income: April 2008 (+$198.80, YTD $1103.14)
We had an unremarkable April in our alternative income endeavors. Thanks to Google Adsense, we were able to add an extra $0.97 to our alternative income earnings.
Here are the results for the month ending April 30th:
My thoughts for the month:
My quest for alternative income has slowed to a crawl as my residency training intensifies.
As someone who has spent the past 12 years studying and training for my day job it is exciting to start counting the months until I am finished instead of years. My focus and dedication at work has intensified as I draw closer to the big day when I make the transition to an independent practitioner.
The next 14 months will be spent looking for all “the low hanging fruit”, making sure that I am keeping my finances simple and doing those things well while not exerting too much time and energy in low yield endeavors.
Why should I even continue to attempt to develop an alternative source of income?
One of the most common reasons given for having multiple streams of income is the security/flexibility that it provides. As someone who stands to earn a very respectable salary in a field with a very high barrier to entry I do wonder if the time I spend on these projects are the best use of my limited time outside of work.
The good news is that currently they are something I enjoy and are a somewhat productive way to decompress after work.
However as these projects become more time intensive, it places me in a bind since I am unwilling and unable to take time away from my day job and family.
For now I plan to plug along as I have been for the past year or so and see where it leads.
