Should you focus on just one source of income?

[IB D]

Relying solely on one source of income leaves you vulnerable to financial instability in the event of job loss, market downturn, or industry disruption. Diversifying your income streams protects against uncertainty and ensures long-term financial security.

 

[Suba]

Of course we don't have to rely on one source of income, we have to look for other sources of income both offline and online. the more sources of income, the faster we will achieve financial freedom.

 

[freelancermaria]

It is dependent on the individual.
However, given that I have a family to support, I would prefer to have multiple sources of income.

 

[jetsaints30]

Personally, I think it's a good idea to have a few different streams of income. That way, if one source dries up you still have others to rely on. But again, everyone is different and what works for one person might not work for another.

 

[iyanpol12]

Definitely, I always try as much as possible to let people know that it is not good to depend on one platform. Diversification is very important.

Yes, that's true. We should not settle in one platform as they say "don't put your eggs in one basket". There are so much there that can be done.

 

[misha]

If you can properly divert your mind than multiple source of income will be good

 

[Starmix]

This time one offline job is not enough.It needs a backup online jobs as long as you can manage your time you can have 2 or 4 jobs online. Sky is the limit.

 

[Stardom22]

I think nowadays there is a hike in the prices of almost everything and relying on one source of income seems to be a suicide note. However relying on a six- figured source of income sounds very great.

 

[Shortie]

I try to have at least three sources of income but I do find that if I try to focus on too much I can end up feeling very overwhelmed and confused and it can lead to burnout if I end up feeling overwhelmed. With me having at least three sources of income I try and plan a routine so that I can focus on them all without feeling too overwhelmed and so that I do not end up feeling burned out. Everyone is different though and it all depends on what you feel yourself you can deal with and handle.

 

[Chibson]

Yes, that's true. We should not settle in one platform as they say "don't put your eggs in one basket". There are so much there that can be done.

Probably, once you start making money from something you can start searching for another. you should not do different things simultaneously if you have not started making money.

 

[iyanpol12]

Probably, once you start making money from something you can start searching for another. you should not do different things simultaneously if you have not started making money.

Of course. You should check whether a platform is worth the time. Time is also an investment.