Sterling Terrell

smart ideas from books (mostly)

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You are here: Home / Potpourri / On Having A Secure Financial Base Elsewhere

On Having A Secure Financial Base Elsewhere

On Having A Secure Financial Base Elsewhere

How comforting it can feel to have a secure financial base elsewhere.

But do not over complicate this!

You do not need anything fancy.

For Larry McMurtry, the safe play can be “writing novels,” but you and I can take a more basic approach.

See, I worry little about my side projects producing income – because I have a financial base in a 8-5 paying job.

I worry less about that job than I otherwise would – because my wife has a fantastic job too.

And I worry less and less about either of our jobs – because every 30 days we have more and more passive income via investments.

The key is multiple streams of income.

Do you see it?

Understand: This is how you begin. (And this is the long-term plan.)

Many writers hate this secondary nature in the film hierarchy; their complaints stretch back well over a century and continue today, but I feel no desire to add to them, possibly because I have a secure base elsewhere. There’s all those novels I’ve written—about thirty now. If a picture I work on doesn’t get made or is unsuccessful and loses money, I am not much affected. I have my other life, or lives: novel writing

-Larry McMurtry, Hollywood (Amazon)

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Filed Under: PotpourriTagged With: #Money, #SideProject

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