Etini Willie
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A single stream of income is a situation where a person earns and sustains a living from only one source. That source could be a job, a business and so on. I stand to category state that a single stream of income cannot make any person truly wealthy. When I talk about wealth, I am not talking about being able to eat and live in a good apartment. I am talking about true wealth.
Life is full of uncertainties and relying on one stream of income can bring you down to your knees in just one swoop. If you factor in terrorism, natural disasters and all other uncertainties, you would agree with me that we live in truly perilous times. The key to surviving the harsh economic climate of this time is to have multiple streams of income. There are times that your business might experience a downtime or your job has issues, the truth is that you would end up in debt. If you had another stream, that stream could have sustained you while you were working on fixing the other one. You can easily save when you have multiple streams because you can dedicate one stream to savings and the other for self sustenance.
Life is full of uncertainties and relying on one stream of income can bring you down to your knees in just one swoop. If you factor in terrorism, natural disasters and all other uncertainties, you would agree with me that we live in truly perilous times. The key to surviving the harsh economic climate of this time is to have multiple streams of income. There are times that your business might experience a downtime or your job has issues, the truth is that you would end up in debt. If you had another stream, that stream could have sustained you while you were working on fixing the other one. You can easily save when you have multiple streams because you can dedicate one stream to savings and the other for self sustenance.