RE: Breaking the mold: The risks of depending solely on one Income
hi there @josevas217
I think I spoke on that subject with my brother once. And if Im not wrong then he had a good come-back.
What if person has one source of income but has a set of skills which are in high demand? He is a great sales-man and at the same time a project manager.
In his opinion, someone who is a great salesman may easily rely on his/hers full time job. Because even if company will go down then finding new profitable job will not be difficult.
What is your take on that??
I think that trying to build multiple source of income have advantages, however it require tremendous amount of energy and may not be the most financially efficient.
I think that it is more important to understand how to protect our wealth and how to invest in assets than to build multiple source of incomes. Be good at one thing that gives you joy and bring money. And learn to protect those earned money by investing in different assets.
Thats my view
Cheers, Piotr
Hello @cripto.piotr, I think that a salesperson has many opportunities anywhere, in any job, even independently.
And yes, certainly, trying to create several sources of income can be very exhausting, especially in the initial stages, and it will depend on how much time the other source of income that is being created deserves.
For example, an investment in Hive savings, to earn 20% annually just by saving in savings, would not be a huge time consuming. It would just be investing and waiting monthly for the interest to arrive. But if we talk about an additional job or a venture that requires a lot of time to maintain or start, it could be quite complex.
And I totally agree that we should dedicate time to something that we are good at, that gives us joy and also money. Because it is not good to spend time on something that makes us unhappy.
I very much appreciate your comment and opinion. Greetings.