It doesn’t take much to drown in todays financials of hyper-inflation. That’s one of the main reasons I chose to be self-employed. I will always have the availability to continue to grow my income streams.

I want to be very transparent here though; since 2023 I have been a Stay-At-Home Mom, a house-wife if you will. My Fiance is incredible, and has worked so hard to create a life where I am able to stay home with our kids, our dogs and our home, AND start a business on the side. But realistically I’m restarting my business again now.

Although I’ve worked online for 10 years, since April 2015, and I’ve generated a significant amount of money over that time, I also took time off multiple times due to different life circumstances. Things with the kids, chronic illness flareups, doctors appointments, health issues, family things.. shit happens.

Being a Stay-At-Home Mom works so incredibly well for us, we are a team, but being on one income is occasionally limiting. Now that the girls are older, I can focus more time on work than I used to be able to. That’s why I’ve focused on these Three Things that’ll help change our financial situation over time.

When it comes to creating financial freedom, I’ve learned that small, consistent actions can lead to massive transformation over time. Today, I’m sharing the three most impactful changes I’m making to revolutionize my financial situation — and how you can apply these same principles to your life.

1. Building Multiple Income Streams

The days of relying on a single paycheck are behind me. I’ve realized that true financial security doesn’t come from having one good job — it comes from developing multiple ways to earn money that work for you around the clock.

Here’s what this looks like in practice:

• Digital product creation: I’ve started turning my knowledge into passive income by creating downloadable templates, guides, and courses that sell while I sleep.
• Service-based side hustle: I’m leveraging skills I already have to offer services that generate additional income during my available hours.
• Affiliate marketing: By recommending products and services I genuinely love, I’m earning commissions without creating anything from scratch.

The beauty of multiple income streams isn’t just about making more money — it’s about creating financial resilience. When one source slows down, others can pick up the slack.

2. Practicing Intentional Spending

I’ve completely shifted my relationship with spending by really thinking about every purchase I make. Buying things of quality for the long-haul.

My new approach includes:

• The 24-hour rule: For non-essential purchases over $50, I wait 24 hours before buying to eliminate emotional spending decisions.
• Value-to-cost assessment: I evaluate each potential purchase based on how much joy, utility, or time-saving benefit it will bring relative to its cost.
• Invest in Quality Items: Prioritize purchasing high-quality products over cheaper alternatives. This approach not only tends to save money in the long run but also ensures durability and better performance.

This mindful approach to spending has freed up hundreds of dollars each month that I can redirect toward my financial goals without feeling deprived.

3. Building Wealth Through Asset Ownership

Rather than focusing solely on saving, We’re strategically building assets that appreciate in value and generate passive income over time.

My asset-building strategy includes:

• Digital asset creation: I’m building intellectual property through my brand that continues to generate income without requiring my direct time.
• Skills investment: I’m systematically developing high-income skills that increase my earning potential and create opportunities for premium pricing.

By focusing on building and owning assets rather than just increasing income, we’re creating a foundation for true financial independence that will compound over time.

The Bottom Line

Financial transformation doesn’t happen overnight, but these three focused strategies are already creating momentum in our financial journey. The combination of diversifying income, spending with intention, and building valuable assets has become my formula for building wealth on my own terms.

Remember: your financial situation is not fixed. With intentional action and the right strategies, you can create the financial freedom you deserve — without sacrificing the life you love in the process.

What steps are you taking to transform your financial situation? I’d love to hear in the comments below!