How to find multiple sources of income?

in #philosophy7 years ago

If you have a single source of income — wait, soon you'll be in big trouble. It is bad to have only one source of income, whatever it is (wages, entrepreneurial income, dividends from securities or any other). If a person loses his or her only income for any reason, he or she will immediately find himself or herself in a personal financial crisis.

What about two sources of income?
This option is much better than the first, but still this is also not enough to diversify financial risks.
This is very well seen in times of financial crisis, when people lose their jobs or business.
Can in a moment lose the salary and the business, and made investments.

But there is a way out: if you have many sources of income, then at least a few of them you will have, no matter what happens in the world and no matter what financial storms shook it.

The conclusion, as always, is very simple: you need to regularly create new sources of income and constantly increase their number.
Multiple sources of income is my motto, it's my hobby, it's my hobby.
If you have more than one of them now, then you have already embarked on the path of creating multiple sources of income.
And you can only be congratulated-this is the surest way to financial freedom.
Whatever you do, you can create multiple sources of income (if you set yourself such a goal).

I foresee a question: where to begin?
Start by drawing up a brief plan, with a study of the basic idea. "Light up" with this idea, and then everything else will come with time!

Now the most interesting question is: what exactly do you need to do to create multiple sources of income?

Just explain by example.
Example, by the way, a very simple and proven.

So, you can: engage only their professional activities (one source of income);

describe your professional experience in the book (second source of income);

conduct master classes (consultations) as an expert in their field (the third source of income);

to sell related services or goods (the fourth source of income);

monetize your hobby (fifth source of income);

to invest the money in the Bank or in government bonds (the sixth source of income);

create your website (online store) and monetize it in different ways (it's a good dozen new sources of income);

earn as a freelancer in your spare time;

to organize a social club;

And so forth, and so forth.
It's not that hard, is it?

Most importantly (and most difficult) is to convince myself to start moving.
The train is difficult to move, but when it picks up speed — it is very difficult to stop!

Make a decision, start a movement, create multiple sources of income!

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It's going the other way too. Restrict the expenditure or cut it down to the bare minimum.

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