Comments on: Why Every Employee Needs a Backup Plan (And How to Build One) https://www.latenightim.com/what-is-your-backup-plan/ Building Internet Businesses With Affiliate Marketing One Night At A Time Fri, 03 Apr 2026 13:06:42 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Forest https://www.latenightim.com/what-is-your-backup-plan/#comment-1493 Thu, 29 Jan 2009 01:09:51 +0000 http://www.masonworld.com/?p=1338#comment-1493 I have pretty big debt (long story but I am not responsible for it) and no backup funds!!! But my living expenses are very low.

Right now my income isn’t really cutting into that debt but I am lucky enough to work online all day every day…. so I am just starting to build my niche residual empire!! Hopefully this time next year I will be making a fairly decent residual…. but who knows with this economy!!

]]> By: shane @ Make Money Blogging https://www.latenightim.com/what-is-your-backup-plan/#comment-1492 Wed, 28 Jan 2009 04:44:57 +0000 http://www.masonworld.com/?p=1338#comment-1492 Morning Mark. Dire times indeed. Sick really when you really confront the issue. Many people like myself and others dont have a suffiecient cushion. I mean Im close and all that, but if the whole house of cards collapsed many people would be out on the street. No body is planning to fail, but many are failing to plan.
And for the most part we’re all interest rate slaves. Economy driven automatons.
Ive broken down my living expenses into what it costs me to live per day and what I need to make online on a daily basis. Gives me a more manageable number to deal with.
Residual income is really the key. Working for the man, for the most part doesnt end up being a viable business model and isnt one you can count on.
Good post. Oh and I like the MNF viddy you did,well done. Good to put a face to the blog as well. Oh and what headset do you use. I have a logitec and it just sux

]]> By: thenichehunter https://www.latenightim.com/what-is-your-backup-plan/#comment-1491 Wed, 28 Jan 2009 01:31:39 +0000 http://www.masonworld.com/?p=1338#comment-1491 Excellent point! I think most people don’t have a plan and then once hardship hits they panic. Even working for myself I have a plan for this economy – I intend to use this time to build my business, learn new things and even possibly take on new products or at least learn about them so that when the market does come back I will be right there. I think everyone needs to plan the problem is that most people don’t.

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