Income Diversification

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Most people make money from their job working for someone else, and that is it. This is an extremely precarious situation, because if the job goes away, it takes away 100% of their income. The ideal situation is a number of different income sources that can all be ramped up, if necessary. In this post, we are going to look at several different sources of income. Job This is where most people make their money. They work for an employer that pays them for their time. An advantage of this type of income is that the employee doesn't have to know much about running other parts of the business. They can concentrate on their portion of their job. A janitor at Google doesn't have to … [Read more...]