Why Writers Need Multiple Streams of Income
It’s more important than it might seem.
Growing up, there were a few key phrases that my mom used to teach us lessons. I don’t know if she thought it was easier to hear lessons in the form of idioms that made them easier to remember or learn, but whatever the reason, she had a lot of them.
“Don’t shit where you eat.”
“Don’t count your chickens before they hatch.”
The one that stuck with me the most throughout life and is something I use in my business is “Don’t put all your eggs in one basket.”
The premise of most of these lessons is pretty sound. Imagine that your family depended on chickens’ eggs to eat or sell to bring in income for your family. If you stored all of your eggs in one basket and you fell while walking them to market, you risk damaging not just a few of them but potentially all of them.
The more profound lesson is that if you are putting all your hopes, dreams, and your entire finical future in one project or income stream, and that income stream suddenly went away, you would be left with nothing.
When the pandemic hit at the beginning of 2020, I had only been working as a full-time writer for six months, and my income only came from one source. Luckily, one of the few things…
