5 reasons you need to diversify your income..
I call you friend because I want you to know I'm not disrespecting anything about you or your income, I just want to make you aware of some concepts.
Do you get your income from one source? If so, these are some reasons you may want to diversify..
1. Cracked eggs
Your job isn't safe. With the economy the past few years, we've all learned we need to develop a back up income. Our parents told us,"Don't put all of your eggs in one basket. Then, what did we do? Put all of our eggs in one basket. If you don't have multiple streams of income, all your eggs are in one basket. What are you going to do if the basket drops?
You're not in control of your future if you only have one stream of income provided by someone else.
Do you feel better about your future in your hands or your boss'? Would you feel better about you providing your income or retiring on a third of your best years income with your lifestyle?
3. Get your dreams
Remember all the things you said you'd have when you were a child? Yea those! They're called dreams.
What are the chances of you accomplishing your dreams with what you're doing now? If applicable, does your boss care about your dreams?
There's nothing wrong with wanting the nice things life has to offer. However there is something with living beyond your means. Increase your means to get what you want. Or you might just need a little extra. What could you accomplish with some extra income?
5. Peace of mind
Do you worry about money? Want to stop? Build another stream. If you have a spare tire in your car, you need a spare income for your wallet. Which is more important a tire? Or your financial well being? Imagine having a strong secondary source of income. Feels good doesn't it? Build one...
You owe it to yourself to take your income situation seriously. Money can't buy happiness, but it's hard to be happy without enough. I wish you a prosperous day. Let's get to work...