My friend over at Passive Family Income published a great post today about taking care of your personal finances. His story is similar to mine in that he has a good college degree, a great family, and a promising career. Like me, he has also been wondering whether it is smart to rely on a job as his sole source of income. Particularly in this economic environment.

Thoughts like these reaffirms my decision to concentrate on creating passive streams of income. Even though I feel that my job is secure, that could change at any moment. Who would have thought ten years ago that the largest banks in the world could go bankrupt? Who would have thought that our government would bailout anyone with a pulse; including manufacturers of wooden arrows toys for children (you really should read the economic bailout bill if you don’t believe me)?

I chose to put my economic future in my own hands. I am creating my own personal bailout program that includes working my butt off now with the hope that the passive income I earn later will be well worth the effort.

Passive Income is the new “cool”. If you did not know, now you do! Do not make excuses why you cannot succeed in America. There are so many different methods to make money and support your family. You do not need a bailout from the government.

Live within your means, save money for a rainy day, learn a new ‘marketable’ skill and create a few streams of passive income of your own.

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