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+--- Thread: More than 1 source of income - Important? (/showthread.php?tid=314)
More than 1 source of income - Important? - Debashis - 09-23-2023
Do you feel it is extremely important in today's world to have more than one source of income? If so, why? If not, why not?
I feel it is really important to have more than one source of income. No matter you are doing a job or having a business, having at least one more source of income will be very beneficial. Initially, it might not generate as much as your primary source of income does but eventually, it will. I think everyone should have at least 3 sources of income. If something goes wrong with one of them, you'll still have two in hand. It is good to have multiple sources of income, but among them, it's best to have a few passive ones. If you actively have to work for all the sources of income then it will kill your work-life balance and also it will have a negative impact on your health and relationships. That's not at all recommended.
RE: More than 1 source of income - Important? - Heatman - 09-24-2023
It's always going to be in your best interest to have more than one source of income looking at how things are today. Personally for me, with the level of responsibilities that I need to take care of, I can't survive with just one source of income no matter how I make from it. The more money you can make, the better.