Why it is important to have another source of income amidst the bear market

Aside cryptocurrency, the world has grown more than being contented with one source of income. We all knows how cost of living has risen in so many ways. This has led to many people taking their lives. Although no matter how it looks and seems I have always advised that we should never think of taking our live. At least speak out about your problem and challenges and you might find someone that will helps out. Such a pity that things has gone beyond measure, but what to do?

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I remembered back then how my grand parents will seat me down and brief me about how things were so cheap back then. He told me how he uses little money to acquire some piece of land that he has today. Before he died he was surprised to see that things changed drastically. He was shocked how we started needing a lot of money to raise families. The question still balls down to how did we get it all wrong? The deed has already been done, the main thing right now is to focus on how to get things right. There is this saying that states that drastic measures desire drastic decisions. With all that being said, we need to deploy strategies and plan that will enables us to cope with the current nature of things happening.

As per with the above I knows that some already understand the point to which I am driving. Since drastic decision requires drastic measures, it is now left for us to deploy that amazing strategies or strategy that will help to see us scale through this tough time. With the way things are going only the wise will survive. Things are getting more expensive, in some locality it is worse and yet there is nothing anybody can do about it. With all this being said, after watching about how things are running I have decided to come out with this post.

Normally a wise person should knows that it is important to have another source of income irrespective of anything you are being told. This will help you in a lot of ways. My dad is a civil servant, normally his salary won't be able to foot the necessary house need not to talk of having investment but do you knows that the moment he had the another source of income mentality things changed. He struggled and make sure that he has more than four (4) sources of income and today he is doing fine.

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There was a time that he borrowed money from his civil servant multipurpose cooperative scheme. Do you knows that simply because he has a lot of other source of income he was never feeling the impact. It took him two years to repay the loan before he started receiving his salary. Just like what I said above, two years was just like twelve months in his eyes, he was able to repay and didn't pass through challenges simply because he has a lot of income/sources. This is what I am trying for us to understand, it is very vital that we have another source of income and if that is in place, with the current dip in the cryptocurrency market/ecosystem we will still be fine.

Conclusion

With the above story shared we can see how vital it is to have another source of income irrespective of anything. Sometimes bear market last for years so we should bear that in mind while dealing with anything. Try to have another source of income pending when things will be back in place. Another thing to shape in is that you should invest some spare cash into any good cryptocurrency project that are down right now. When the bull run is back you might hit big. Remember this is not a financial advise, knows that whatsoever decisions that you make you shall be held accountable for it.

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There is a decentralized finance project currently running. If you want to make good reward from your stake or Liquidity mining you should take a look at this project called Woxdefi . For more information about woxdefi you can check the below links.

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Purchase Wox through this link

• If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks