Consider creating multiple sources of income for your household. Just as financial planners tell us to diversify our investments to minimize risk, and smart business owner seek out several sources of income (i.e. they don’t rely on a single customer for all of their business income), it can also be smart to establish multiple sources of income for your household.

That may mean including different sources of employment income (perhaps income from yourself and your spouse if you are not single), seeking out work as an independent contractor, or adding other business income to your household income.

While it does require some added work and time commitment to establish multiple sources of income for your household, it also reduces your reliance on any one income source. When you rely on a single source of income to support your household, you become very dependent on that single source of income. That makes you vulnerable to losing that income, it makes you fully dependent on an employer, and it makes it more difficult to leave employment situations that are not acceptable.

Consider ways to bring income into your household from different sources, and you can gain a real sense of freedom, power, and control over your day to day life and your long term goals.