Motherhood friendly income. What is that? Let me try to explain… The reason this blog exists, is to help you create more options for yourself in your motherhood. Being quite bright myself, I have figured out that this means you need more money.
Don’t feel ashamed of that. This is not about being ‘money hungry’ or ‘obsessed with money’. It’s a simple acknowledgement that in order to have more options available to you, you need to generate more money, and hold on to more of what you earn.
But there’s just one small, ok LARGE issue…
MOTHERHOOD CHANGES EVERYTHING
I know right.
I became a mother after a prolonged period of ‘trying to conceive’, miscarriages and IVF.
The year I became a mother was the same year my family had a major, traumatic crisis, and I was made redundant from my job.
It probably won’t surprise you then, that after a little sleep deprivation I began suffering from post natal depression.
And then I went back to work.
I went back to work because we had created an enormous amount of consumer debt after running out of money during my maternity ‘leave’.
And that debt needed servicing.
Making the decision to go back to work at that time wasn't the RIGHT decision. It was made because of (a lack of) money.
So now I’ve set about fixing that and trying to save other women from the same fate. *Queue angels singing.
Hence this blog, and hence the mission:
Earn more and spend less in motherhood friendly ways.
So here at The Leveraged Mama, we are focused on building up multiple ‘motherhood friendly income’ streams, and optimising our spending so that we have… more money!
I wholeheartedly believe, that this combined approach is the answer to financial freedom in motherhood.
And there’s this small but very human problem that NONE of us are immune to:
Some of us take a significant amount of time to adjust to change.
✘ We carry on spending like we have the same amount of income, and energy to regenerate that income.
✘ We ambitiously soldier on with our careers as if there isn’t a small, tyrannical human now ruling our lives.
✘ We hire cleaners to make our lives easier, even though that means we have to work more to pay for them.
✘ We extend our mortgages to give ourselves breathing space even though that means…. working more and for longer to pay it off.
✘ We look forward to that yearly holiday (um, not in my case) because we are so desperate to ‘escape’ our relentless lives.
I’m calling bullshi# on that arrangement.
You might spend YEARS adjusting to having kids, and when you finally do, THEN THEY LEAVE. If you’re lucky. 😉
The other solution
Thankfully, there is another way. Well, there better be – given I just quit my day job to explore this option.
That other way is motherhood friendly income, and conscious, creative money management.
But I’m guessing you’re in one of two camps:
- You’ve never heard of passive or leveraged income, and “multiple income streams” means two (or more) jobs. Or,
- You know what passive income, and leveraged income is, but ‘there’s nothing you have that you could use to create these types of income’.
Well stick around, because I’ve just started a quest to test out some motherhood friendly income streams, and am on a huge mission to spend less (in motherhood friendly ways).
What is motherhood friendly income?
Motherhood Friendly Income has some or many of the following traits. The more traits of these it has, the more Motherhood Friendly it is:
What else makes an income stream motherhood friendly? Tell me in the comments!
My new motherhood friendly income streams
In just a few months, I already have 3 income streams:
To begin, I’m going to be sharing more about my experience getting set up as a Virtual Assistant, and show you how you can do the same with skills you already have.
The more interest in this I get, the faster I’ll hustle so tell me in the comments if you’re interested in the process of getting started monetising the skills you already have, mama. I dunno, maybe you have NO interest whatsoever in motherhood-friendlyizing your income streams, and you just want to perch and watch this play out. Tell me that in the comments 😀 I won’t judge.
While virtual assistance isn’t passive or leveraged income – I get paid per hour spent – it does have other motherhood friendly traits:
Quarterly income reports anyone?
If you’re REALLY keen to know the nitty gritty? I’ll be publishing quarterly income reports on all my motherhood friendly income streams, and sharing experiences in the Leveraged Mamas Facebook group.
But don’t just nod along, COMMENT because I can’t see that your eyebrows are raised and your head is nodding 😀
Til next time…