Why Our Parents' Economy Isn't Ours - And Why You Need Diversified Income Streams

I need to go on a little rant because the numbers don’t lie—our parents’ generation was playing a different game, and we’re out here navigating an entirely new reality.

Let’s talk about grocery costs for a second...

We’re a family of five and spend an average of $2,000 a month on food.

Sounds like a lot, right?

But, that breaks down to about $100 per person per WEEK, covering THREE meals a day!

When you compare that to the rising costs of literally everything, it puts things into perspective. 

Then vs. Now: The Cost of Living Reality Check

Here’s what life looked like when I was a kid in the early 80's:

1983: 

• Average monthly rent: $335

• Cost of a litre of gas: 26.9 cents

• Average cost of a new home: $82,600

• Average income: $21,070 

VS Now?

Let’s fast forward to today:

• Average rent: $2,332 (do you know anyone paying this?)

• Cost of a litre of gas: 169.7 cents

• Average home price: $834,050

• Average income: $54,834

And while you may here people say 'It's all relative' - it's not! Numbers don't lie:

📈Rent has increased by 596.4%

📈Home Price has increased by 910.3%

📈Income has ONLY increased by 160.3%

Think about this - in 1983 if one persons entire income went to pay down a house, you could have your house paid off in just under 4 years. Now, if that one salary went entirely to pay down the mortgage it would take over 15 years! 

The truth?

What used to be manageable on a single income is now a financial tightrope for most families.

The Old Model Doesn't Work Anymore

Our parents could buy homes, raise families, and retire comfortably on a single income. That’s no longer reality. 

Most people today:

√ Are working longer hours than ever before

√ Are paying off massive student debt 

√ Can’t afford a home without dual incomes 

√ Are burning out trying to keep up

If you’re still following the “one job, one paycheck” mindset, you’re at risk.

The Solution? Diversified Income Streams.

Having a single source of income is no longer a stable plan—it’s a liability. This is why having a diversified income in business is no longer optional—it’s a necessity.

Gone are the days of relying on one income or one revenue stream.

You need:

• Multiple income sources – Think passive automated recurring income.

• A business model that scales – Because trading time for money doesn't cut it.

• A mindset shift around sales & money – Selling is serving and financial stability is freedom.

Gone are the days of trading time for money. You need a business that works for you, not one that drains you.

The Wake-Up Call: It’s Time to Build Smarter

We’re living in a time where life is both easier and more complex—we have more tools and opportunities than ever before, but the cost of simply existing has skyrocketed.

You have two choices: 

1. Struggle to keep up in a system that no longer works

2. Adapt, build smart, and create financial security on your terms

This is why I do what I do. Helping entrepreneurs build momentum, diversify income, and create a business that actually supports their life—not just keeps them stuck in survival mode.

💬 What’s Your Next Move?

Are you ready to stop running on the old system and start creating income on your terms? Let’s talk about it. Drop a comment below or reach out—it’s time to build differently.