Thursday, July 19, 2012

Multiple Income Streams Are Good

This post from Wise Bread points out what I have thought important for a long time: Multiple Income streams are very important. I have had side jobs for a long time, because I have never made enough money at my regular jobs. (And to be honest, I have always been in too much debt, and needed the extra money to make ends meet).

But aside from that, multiple income streams are more important today. With loss of jobs and unpredictability in the job market, who knows when a regular paycheck will go by the wayside? As this article points out, your side income can help you out in tough times and even grow to become your primary job. It is even better when your side job is something fun or easy for you to do.

One thing I was surprised about was the pushback from some of the readers of the Wise Bread article. Side jobs tend to take time away from family. Yeah, like duh. If you don't need side income or a side job, then you are lucky. But you may need it more than you realize.

http://www.wisebread.com/4-reasons-why-everyone-needs-side-income