Comments on: How to Deal With a Drastic Decrease in Income http://cashmoneylife.com/how-to-deal-with-a-drastic-decrease-in-income/ Money Management, Small Business, Career Thu, 09 Feb 2012 19:08:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: J.C. Carvill http://cashmoneylife.com/how-to-deal-with-a-drastic-decrease-in-income/#comment-2016 J.C. Carvill Sat, 20 Oct 2007 18:05:34 +0000 http://cashmoneylife.com/2007/10/17/how-to-deal-with-a-drastic-decrease-in-income/#comment-2016 Either the decrease in income is expected or unexpected, I agree that everyone (or in some case, every family) must have an emergency fund. It should be able to cover the basic need for 6 to 12 months during the transition. It's not easy though (I'm still struggling to save my own emergency fund). As Ryan says : "Keep your spirit up" !! Either the decrease in income is expected or unexpected, I agree that everyone (or in some case, every family) must have an emergency fund. It should be able to cover the basic need for 6 to 12 months during the transition. It’s not easy though (I’m still struggling to save my own emergency fund).

As Ryan says : “Keep your spirit up” !!

]]> By: Ryan http://cashmoneylife.com/how-to-deal-with-a-drastic-decrease-in-income/#comment-1971 Ryan Thu, 18 Oct 2007 11:08:24 +0000 http://cashmoneylife.com/2007/10/17/how-to-deal-with-a-drastic-decrease-in-income/#comment-1971 Hi Brip Blap, I agree, other sources of income are wonderful. Under "look for other sources of income," I wrote take a part time job or sell unused items on Cragslist or eBay. Starting your own business is a great way to earn money, but I think if people are looking for this to bridge an income gap they need to temper their expectations and be realistic about what they can accomplish, ,how they will do it, and how long it will take. Starting a blog for instance, while enjoyable, is by no means a quick way to riches. Hi Brip Blap,

I agree, other sources of income are wonderful. Under “look for other sources of income,” I wrote take a part time job or sell unused items on Cragslist or eBay.

Starting your own business is a great way to earn money, but I think if people are looking for this to bridge an income gap they need to temper their expectations and be realistic about what they can accomplish, ,how they will do it, and how long it will take. Starting a blog for instance, while enjoyable, is by no means a quick way to riches.

]]> By: Brip Blap http://cashmoneylife.com/how-to-deal-with-a-drastic-decrease-in-income/#comment-1964 Brip Blap Thu, 18 Oct 2007 03:10:11 +0000 http://cashmoneylife.com/2007/10/17/how-to-deal-with-a-drastic-decrease-in-income/#comment-1964 I don't know, actually, I tend to agree with LVL - a side business can be as simple as an eBay "sell your junk" business, or a blog. It's always a good idea to think about increasing your income instead of just thinking about ways to decrease expenses... I don’t know, actually, I tend to agree with LVL – a side business can be as simple as an eBay “sell your junk” business, or a blog. It’s always a good idea to think about increasing your income instead of just thinking about ways to decrease expenses…

]]> By: Ryan http://cashmoneylife.com/how-to-deal-with-a-drastic-decrease-in-income/#comment-1957 Ryan Wed, 17 Oct 2007 23:10:59 +0000 http://cashmoneylife.com/2007/10/17/how-to-deal-with-a-drastic-decrease-in-income/#comment-1957 I think for some people that is a good idea, but not for everyone. Starting your own business can take a lot of time, effort, and possibly risk. This may add too much stress to an already stressful situation. Sometimes, the most important thing to do is to evaluate your situation and stick with what you know. But for others, this kind of situation may be what they need to get started on their own business. I think for some people that is a good idea, but not for everyone. Starting your own business can take a lot of time, effort, and possibly risk. This may add too much stress to an already stressful situation. Sometimes, the most important thing to do is to evaluate your situation and stick with what you know. But for others, this kind of situation may be what they need to get started on their own business.

]]> By: Las Vegas Lawyer http://cashmoneylife.com/how-to-deal-with-a-drastic-decrease-in-income/#comment-1953 Las Vegas Lawyer Wed, 17 Oct 2007 20:08:59 +0000 http://cashmoneylife.com/2007/10/17/how-to-deal-with-a-drastic-decrease-in-income/#comment-1953 You should add. "Start your own business on the side. You might make enough to quit, but you'll still have the safety net if things don't work out. You should add. “Start your own business on the side. You might make enough to quit, but you’ll still have the safety net if things don’t work out.

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