The Importance Of Multiple Income Streams
We never know what tomorrow brings it can bring great magnificent news or changes overnight. It can also bring death and destruction overnight. This is not said to fear monger but to get you to prepare and think about the what ifs for a second. Lets talk about the dangers of one income stream for a moment shall we.
We just had several horrible fires in LA. Many people were displaced overnight and lost everything they had. People lost their business, valuables and some even lost their lives. One man lost his home and rental properties worth millions in just a few hours in the fire. His family was lucky and got out so that is the good news. Life is fragile.
Tik Tik is set to be banned in the US tomorrow. Many people are making their living off that or a substantial amount. Love it or hate it Tik Tok has been a source of support and freedom for many. So to suddenly have the financial rug pulled out from them could be devastating.
For those who have stuck to the traditional route. That is not secure either. Even though you might have a good job that could be gone overnight from a layoff or getting fired. You just never know.
These are just a few examples for today but it’s just a reminder that having more income stream because more and more important every year.
I will go over ways to make money on my website and on my social media channels. So stay tuned.