Is it good to rely on a single source of income?

[Salimo]

Smiles, yeah. He/she need to Know and understand what type of investment he/she want and also know the up and down of it before going for it.

Yes of course before investing our money we should study it well , we shouldn't risk invest our money in wrong sites but we should verify that the site is trustworthy .

 

[Aaron625]

No , its better if you have multiple sources of income both in offline and online , it will keep you very busy and also keep your earnings good and stable.

 

[Shigobad20201]

Working with the government doesn't stop you from having your own business. It is even easy to starts when you are making a lot of money because you will have enough capital to fund the business.

Yes , you are correct in that aspect , working for the government doesn't tie you down from starting your own business, but rather it gives you th opportunity of using your salary to start something good for yourself.

 

[eLdavis]

Depending on one source of income is not good and put you at the risk if there’s any issue on your source of income. Moreover one source of income can’t cover your expenses, you need to have a business or anything that’ll generate passive income.

True though, no matter how much i am being paid, i would never rely on just that as my only source of income. Though we do not pray for that but anything can actually happen. There could be delay in payment in some cases,having an extra source of income would make you be abit relaxed.

 

[Deucalion]

Working with the government doesn't stop you from having your own business. It is even easy to starts when you are making a lot of money because you will have enough capital to fund the business.

Someone that is working for the government as a medical doctor may not be able to start up his own hospital ,because what time will he use to manage his business when you work from 8:00 a.m. to 4:00 p.m.

 

[Jlife]

You're right about this and I also feel that these African countries really do not have much significant influence on the price of Crypto Currencies and happenings around it..

African country do not fully adapt into cryptocurrency as the western country and the Asian country are doing ,Chinese control 80% of the mining company, there was a news that Nigeria is one of the highest country with cryptocurrencies investors,i don't know how true this information might be.

 

[Hena101]

Whoever advice you to rely on a single source of income does not really love and care for your progress, because gone are the days you will rely on single source of income and still live a comfortable live looking at how the price of everything you want to buy is increasing and your earning is the same if not been reduced.

 

[Salimo]

No , its better if you have multiple sources of income both in offline and online , it will keep you very busy and also keep your earnings good and stable.

Yes all of us hope if we can have many sources of income , but it is not easy , especially the first source of income which could generate many others .

 

[akinlolu99]

Relying only on one source of income is highly bad and destroying because no matter what something could happen anytime, even government and business workers don't rely on once they try to expand and as a person relying on one source can lead to an early death because imagine you receive as high as a million and the money does not land when you need it and a family is in dare need. With all that money and its not available and its worst for men

 

[Hena101]

In our country each and everything peices are raising day by day so everybody has to meet their expenses that's why everybody is looking for part time job to run their family life a d for themselves as well

Same with my country and if you rely on a single stream of income then there is no way you can make ends met, because of the raising in prices of everything you need on a daily basis.

 

[Bookwormlux1]

African country do not fully adapt into cryptocurrency as the western country and the Asian country are doing ,Chinese control 80% of the mining company, there was a news that Nigeria is one of the highest country with cryptocurrencies investors,i don't know how true this information might be.

Nigerians are truly enthusiastic about crypto currencies and I believe only the United States of America were ahead of Nigeria in terms of Crypto investors.

 

[Setfragil]

Someone that is working for the government as a medical doctor may not be able to start up his own hospital ,because what time will he use to manage his business when you work from 8:00 a.m. to 4:00 p.m.

As a medical doctor, there are thousands of businesses that he can venture into. My last mobile phone was bought from a medical doctor who owns a big mobile store in my town.

 

[Aaron625]

Yes all of us hope if we can have many sources of income , but it is not easy , especially the first source of income which could generate many others .

Yeah its not easy because we also should take care of our health , usually we feel stressed to work in multiple jobs offline and online both.

 

[jeff87]

Money is needed to meet the needs of every home. There are people who only rely on their salaries as the only source of income. If the government doesn't pay, they don't have any other way of making money.
Is it good to have only one source of income?

It is not good to just rely in one source of income. It's because if that one income will stop then there is no more to be sourced out. Other people has multiple jobs. Today because of internet, one has the chance to work online. He can also have an offline job at the same time.

 

[Ibrahimadez]

Millions of Americans follow that path today, relying on a single source of income, but in today's economy, that approach is inherently flawed. If you follow it strictly, it could set you up for hard financial times, longer stretches of work before retirement, and in some cases, total financial failure.

 

[Richard92]

Depending on one source of income is not good and put you at the risk if there’s any issue on your source of income. Moreover one source of income can’t cover your expenses, you need to have a business or anything that’ll generate passive income.

It is not good to rely on a source of income you must know that there's everything they see that that's us they stop bringing in income one day so because of this you have to diversify in terms of investment.

 

[nzlz123]

Money is needed to meet the needs of every home. There are people who only rely on their salaries as the only source of income. If the government doesn't pay, they don't have any other way of making money.
Is it good to have only one source of income?

it is good if the money you get is big but it's still risky, we don't know what will happen so better have plan B

 

[Dowenship]

Money is needed to meet the needs of every home. There are people who only rely on their salaries as the only source of income. If the government doesn't pay, they don't have any other way of making money.
Is it good to have only one source of income?

Just like your illustration, about salary earners who devoted there time for governmental work and at the end of the day they were not paid meanwhile that's there only source of income they have. Its Bad.

 

[Salimo]

Yeah its not easy because we also should take care of our health , usually we feel stressed to work in multiple jobs offline and online both.

Yes that's why we should take breaks from time to time cause if we don't do this , we could get affected on our health so we should get rid of all exploitive sites .

 

[Hena101]

Relying on a single source of income is disastrous more especially if you are living in developing countries like Africa, how do we even managed to survived with many stream of come come talk of just single source of income, things are hard here and there are many need that only money can take good care of them all around.