Why We Should Have Different Sources of Income?

[Hate2Wait]

As per most of the experts we should have more than one source of earning and if we are just dependent on our salary then we are taking a bigger risk.

What do you think about it?

 

[Augustus kparobo]

Yes because there is a chance of being sacked and also in the previous year a pandemic which could lead to people temporary not being employed.why in the other hand if an individual is involved in more than one job and is earning well it much more a better game than having the risk of being employed.

 

[Bisolami]

As per most of the experts we should have more than one source of earning and if we are just dependent on our salary then we are taking a bigger risk.

What do you think about it?

Having different source of income is very important so that if one of those businesses closes, we will have another one to look up to

 

[freelancermaria]

It is essential to have different sources of income these days as we don’t know what can happen today, tomorrow, or the next day. It is good to be prepared at all times.

 

[Suba]

Of course we must try to have a different source of income or other sources of income apart from the main job. Whatever side job you do will add to your main income. Additional income can save you if your main business goes bankrupt. or you get laid off from your office job. additional income will make your finances more stable so that it will lead to financial freedom. non-materially will add experience and new skills.

 

[AmazingJob]

We cannot put our eggs in just one basket. We need to spread out to different baskets. So if one did breaks, we are sure all of them does not. We still have other eggs spread across others means (baskets).

Or if someone devoured the nest, we are sure only one is damaged.

 

[Sanjeev]

Yes, we should have different sources of income, who know what happens in the future as there is no surety of a job in the private sector, you may be fired if your performance is not as per the standards desired by the company or the company is going in loss and wants to cut it cost.

 

[Enxx]

If we check the top richest people, we will see that all of them have more than a source of income. So we need it too for us to be free from poverty

 

[Bisolami]

It is essential to have different sources of income these days as we don’t know what can happen today, tomorrow, or the next day. It is good to be prepared at all times.

Exactly my point too. Having multiple sources of income will prepare you for anything. One source of income is a very bad idea that I won't advise people to do

 

[eldavis]

The COVID-19 pandemic thought me a huge lesson, which is to never depend on a single source of income. I came across so many persons who relied on a single job as their source of income and they ended up loosing it all due to the pandemic back then. some completely lost their jobs and had to rely on working online just to survive.

 

[Bisolami]

The COVID-19 pandemic thought me a huge lesson, which is to never depend on a single source of income. I came across so many persons who relied on a single job as their source of income and they ended up loosing it all due to the pandemic back then. some completely lost their jobs and had to rely on working online just to survive.

The covid-19 helped me to enlarge my online earning so that I will not even work offline at all and if I am to work offline my online earning will be my main source of income

 

[Carson20t]

It does feel so awesome if you have multiple streams of income and it is always coining intgo your account either from sales,contracts or deals you are signing and from investme nts like shares,devidend and so on.That is one sign of climbing the ladder of success and on the way to financial freedom.

 

[eldavis]

The covid-19 helped me to enlarge my online earning so that I will not even work offline at all and if I am to work offline my online earning will be my main source of income

Thats pretty nice, though i would advice you still have a means of earning offline as well. Do not rely on working online or earning online as your only source of income. Though we do not pray for that but anything could go wrong at anytime, its best to have more than one source of income always.

 

[Bisolami]

It does feel so awesome if you have multiple streams of income and it is always coining intgo your account either from sales,contracts or deals you are signing and from investme nts like shares,devidend and so on.That is one sign of climbing the ladder of success and on the way to financial freedom.

Also having multiple sources of income will give you peace of mind because you will know that if one business closes you still have another one that you can look up

 

[Hate2Wait]

I am also in search of different sources from where I can earn because even I'm dependent upon my day job earnings and online earnings of a couple of my websites so I definitely need to do something in this behalf

 

[Bisolami]

I am also in search of different sources from where I can earn because even I'm dependent upon my day job earnings and online earnings of a couple of my websites so I definitely need to do something in this behalf

There are a lot of different platforms where you can earn money but the only problem is how to manage the time because you also stated that you work offline

 

[LoukiaCharilaou]

Life is so unpredictable, so it is wise to have different sources of income.

 

[Shavkat]

I agree with you. We need to have other sources of income. At least, we have backups and not to worry if the primary source of income did not work out.

 

[Bisolami]

I agree with you. We need to have other sources of income. At least, we have backups and not to worry if the primary source of income did not work out.

I am even planning to have other sources of income too. It is very necessary. It won't be nice to rely on just one platform. Anything can happen

 

[hastral45]

It is good to have different sources of income. We should not have all our eggs in one basket. It is risky. When one business fails, you can lean on other businesses for support and pullback.