Longman Dictionary of Contemporary English homepage

Date: 1200-1300
Origin: lifelode 'way of living' (11-17 centuries), from Old English, from lif 'life' + lad ( LODE) (influenced by lively and -hood)

livelihood

noun
     
live‧li‧hood [uncountable and countable]
the way you earn money in order to live
a means/source of livelihood
Fishing is the main source of livelihood for many people in the area.
It's difficult to earn a livelihood as an artist.
Bates says he will lose his livelihood if his driving licence is taken away.

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