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Financial experts will always advise against having one stream of income simply because a lot of things can go wrong, if that particular source of income crash. Do you have multiple sources of income?
How many sources of income do you have?
- Thread started by Henrywrites
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Just one - my main job, currently. I did used to invest in stocks a little bit a year or so ago but have had to cut back recently due to other financial responsibilities.
As long as your job pays well, I think that you're good for now.
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That is interesting. Could you share more about it?
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One main source and then just a few odd ones that keeps my social stuff going.
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Doing forex trading is one of the most challenging skill that one can learn. I have been having doubts about learning it too.
It's a venture for kids. If you're not well mastered in it, it's going to ruin you.
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What is forex trading?
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I was told about this by my uncle 3 years ago. I never thought about going into it since then.
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Sounds complicated.
Yes, it does and it's too technical as well.
One source of income can not be enough now with how things are. I have more than one income stream.
Depending on the amount of money you're making from just two income sources, it might not be enough with how bad inflation have rocked the world.
No amount of money is going ever be enough because our needs keeps growing.
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How many have you got? Can these stream of income work when you are not there?
Affiliate marketing is one of such that doesn't require you being there before you can earn from it.