We always hear financial experts advising us to diversify our investments to minimize risk. “Don’t put all your eggs in one basket,” they say.
But how come no one ever talks about diversifying your income? Think about it. If all of your income comes from just one source, what would you do if that source suddenly dries up?
Developing multiple sources of income is one of the best ways protect yourself from job loss. In today’s economy in particular, we should all be looking for new ways to expand our income and protect ourselves from the worst case scenario.