What is your backup plan??

Im in!

How much does it pay per hour?

But seriously; what else is left?

Shares and businesses.

Maybe art?- the yields are crap, and you can't borrow funds to buy it.. And who's got a few $mill to play at the level of making any real money?

 

Read somewhere a long time ago that ideally you should have five sources of income. So if one falls over, or you retire, you can rely on or build up the others.

Our five are:
- Jobs (for now) - me FT and wife PT
- Properties
- Shares / Super
- Cash / IBD
- Business - We do a little auction buying / selling and dabbled in importing

So if property fell over, we would concentrate on the others.

I work for a fairly large diverse organisation, and we similarly spread operations across different business sectors.

 

When I get backed up, I take a laxative.

When the drainage backs up, I call my plumber.

When traffic backs up, I seek out an alternative route.

Every month, my auto thingymajig backs up my data.

Now, when reversing the car, I check my back up camera.

5 backup plans