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How do you deal with income insecurity? (alien.top)

submitted 1 year ago by happycatt31@alien.top to c/entrepreneur@indiehackers.space

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My income varies so wildly that I can earn $15k one month and $1k the next. I have multiple projects and sometimes a product goes viral and does really well.

Due to how my income goes up and down constantly, I generally just feel poor and in constant struggle mode.

The project I'm most passionate about also does the least well financially. I'm not super ambitious, I started my company to try to make a difference. I'm thinking of getting a job again after 8 years of being self-employed.

Anyone relate?

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[–] westernarian@alien.top 1 points 1 year ago

Can definitely relate. Up until this point, I was all-in with my core business (agency). It was/is quite lucrative, but it's not stable. Now, I'm trying to diversify in two main ways: a) skill diversification by learning a new skill (something I wanted to do for a long time), and b) revenue diversification by launching other companies (have launched two already). I don't know where all this will lead me, but I sleep better at night, knowing that I don't keep all my eggs in the same basket.