Multiple Income Streams

in #leofinance3 years ago

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I wouldn't recommend anyone being all in on crypto, but its hard to not want to and it's always better to have diversified income sources other than crypto. There are lots of business where you can put your money work for you for example you can start vehicle flipping or smartphone flipping etc. That can be risky, but that is a good example of putting your money to work instead of saving. Took me a long time to figure out that rather than having a real "job" and a single source of income, having many smaller projects that together earn you a good income will get you to a position of more diversification and stability than looking at a shiny rock in your safe comfort zone.
Now I consider more the time and energy investment in putting money to work. Flipping a vehicle takes a lot of your time away from doing other things. Something like mining crypto puts your fiat to work, but also doesn't take a significant amount of your time but it comes with more risks. My point is that having multiple income sources makes your goal of reaching financial freedom a lot easier.

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I agree.

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