How many income sources are enough?

[Imran_Noori]

Many experts will advice you to have several income sources because if one is not working then you can earn from others.
How many income sources are enough?

 

[Salt]

They are never enough but I think we need to have 2-3 minimum income sources and then we can consider ourselves as better placed than others

 

[Imran_Noori]

They are never enough but I think we need to have 2-3 minimum income sources and then we can consider ourselves as better placed than others

You are right, having 2 or 3 income sources will help you build a steady income.

 

[Ononivami]

You are right, having 2 or 3 income sources will help you build a steady income.

It is very bad to depend on only one source of income considering the economic situation of the countries in the world.

 

[Imran_Noori]

It is very bad to depend on only one source of income considering the economic situation of the countries in the world.

You are right, if you rely only on one source of income then you will need to take loans which is not good for your financial life.

 

[timewo]

In most countries, offline income sources are more reliable since the government is regulating stock markets,financial, banking sector. Only in the internet sector government relies on slander, fake rumors to commit financial fraud on online investors,especially some domain investors.

 

[Ononivami]

You are right, if you rely only on one source of income then you will need to take loans which is not good for your financial life.

The only way out is when the one source of income that you have is earning you a very huge amount of money.

 

[Salt]

I am still dependent on my offline earnings and don't have another stable earnings source but would love to have at least 2 more so that I can have 3 sources of earning and this way I can save more money.

 

[Imran_Noori]

The only way out is when the one source of income that you have is earning you a very huge amount of money.

But for having a huge amount of income you need to be expert in your field.

 

[Kane]

The number does not really matter, what actually matters is how much money you are bringing in.

 

[Imran_Noori]

The number does not really matter, what actually matters is how much money you are bringing in.

Definitely, there are some people who are making alot of money only with one source.

 

[Salt]

I am closely looking at my resources and would love to invest the amount in securities that can fetch a decent return and also planning to start with some passive income by renting some of my free space.

 

[Niyi]

The key to building oceanic wealth is to have multiple streams of income. It would help you achieve financial stability. 3 solid streams is enough.

 

[Salt]

I feel we should have at least 3-4 earning sources and if we are dependent on only one source then it's dangerous for us and this is why we should work on adding more reliable sources of earning.