Question.
Do you believe in diversification of income?
Do you rely on salary income alone or have you found out other means of income sources?
Question.
Do you believe in diversification of income?
Do you rely on salary income alone or have you found out other means of income sources?
It is great to have multiple source of income,that is what made alot of people to become wealthy...
Yes.
And that includes traditional passive income such as income from share dividends or income from renting out property. Never put all your eggs in one basket because someone might kick the basket over.
initially have been planning on diversify and get additional source of income was something that is just too hard for me just because of the nature of my job..
but coming into a community like this make me so excited infact not only as source of income but make me feel happy with what I read and share together..
Yeah I believe in diversification and that has also been one of my key term. Over the years I have learnt and come to realize that it is not smart to depend on one single source of income as I find it quite restricting. I work for a company and get paid decently but I do other things to make ends meet.
The pandemic opened my eyes a bit and I believe it did to other has it should the flaw of been dependent on a single source of income. You see people who learnt the hard way this days seeking. Which is quite the way it ought to be.
We don't pray for certain situations to happen but it's needful to spread one's source of income across so when any unforeseen situation occurs it doesn't bother us much or send us into a state of panic.
For the past three months after discovering additional new sources, I have learnt to save up more than earn from my day job and do a lot of other things to help me plan for the future before certain responsibilities arises.
Also learning to think like how the rich people think. They all have atleast seven sources. We many not all such number of revenue streams but it's important to have atleast three so as not to be caught off guard by the surprises or life.
You can just not rely on one source of income now. This is one great learning from Covid. I have a full time job which pays me handsomely and I also use some of my POB earnings to manage my expenses. Some portion of my earnings here are used a investment.
I am planning to have 1-2 more income sources. I think we should have atleast 1 passive income source, which basically means you do nothing but still earn. It could be like a rental income or interest income on one of your investments.
Nice Thoughts, Talking of Investment. I would say POB is the the investment platform right now, the current Curation APR is more than 200%. That's something insane, I wish I had money to buy more POB.
If you can't buy, you can still earn a lot of it by posting. Do that mate, that's what I am doing. And I can see the growth is fast,
Having multiple option of income is the best wat to grow in life because only salary can never satisfied you as a man even has a woman as well so multiple income option can make you go along way
Take it or leave it, diversification of income to me is very important and have once read a content on a platform some years ago as regards what it takes and he help you get when your income is not based on one way alone.
I once brought up with the understanding that No One Made It Through Salary,which means most successful or ruch people this days have other source of income to meet up their day to day needs.
I strongly stand on my words that having different means of income is a way forward in life