Multiple Sources Of Income
Multiple sources of income is the best way to retire peacefully. Saying about retire what does it mean? It simply means that you still have money going into your pocket even though you do not have to work anymore.
Multiple sources of income do not mean that you need to work for several jobs for multiple income. The ideal multiple sources of income is one from active income and others from passive income. The more sources of income you have, the more stable you are to the shock of global economy. For example, when you loss your main job and most probably you will be jobless for 2-3 months. During this time, you still have passive income that can support your living or else you need to borrow to survive once you used up your emergency fund.
In other words, you need to scout for passive income in your life. Property, annuity, high dividend stock, royalty, multi-level marketing, unit trust agent, insurance agent and online business as well. If you have these sources of income every months, you can have an easy life. Currently, I just have my teacher income, tuition income and minor of this website income ( on my way to build up). All of them still cannot be consider as passive income as I still need put my mind, energy and time on it. I need make a big snow ball first so that it can generate faster.
Try harder to make your money work harder for you. Good luck.
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To me almost 95% of my money is not with me. Its working out there somehow and someway! ^^
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Mrcoolku Reply:
August 1st, 2010 at 6:14 am
You are splendid, 95% money working for you. Wink Wink XD
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I am now receiving one source of unearned income.That passive income for life gives more time , creativity& enthus to make more and more in future.My sincere thanks to robert kioski for my thinking pattern about money
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