Yesterday I read a blog about the Government passing a bill that allows them to seize land from July 2008. This means that property owners are at risk of losing their houses to a price determined by the government. This also affects people in the estate agency business and the bond origination business. This means a whole pile of people that will be out of work in time to come. I have a peer on a well know business networking site that says you should not be a jack of all trades and master of none. This is contrary to my philosophy of multiple streams of income. I am a bond originator and whilst the prospect of losing income from that source does not excite me at all, I am comfortable in the knowledge that I have surrounded myself with multiple streams of income producing activities.

The economic situation is such these days that no one can afford the luxury of depending on one source of income. Not even employed people, take the above situations into consideration. Anyone working for an estate agent or bond originator is at huge of risk of losing their bread and butter. The time is now to embrace change or suffer the consequences. If you are employed find yourself a second income stream, be frugal and use that income to squash all your debt, pay your bond off and get debt free. Look to develop other income streams so that you can insure yourself against lack and poverty. Try to get involved in something that allows you to assist someone else, pay it forward if you will. Together we can all overcome the illusion of lack and poverty.