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

[Shigobad20201]

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.

You are definitely right about the disadvantage of doing just one business in advancing and struggling continent like Africa, the business can collapse anytime due to competition and something else.

 

[Bookwormlux1]

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

The plan b is truly going to help out when we have some emergencies and our main source of earninng is not going to enable us to meet up with the current demand.

 

[Kelly5]

Relying ona single source of income is a very dangerous thing for one to be doing as it is not going to be very wise to sustain such action. This is because, if anything happens to this single source of income, them everything falls apart for you

 

[Chibson]

Relying on a single source of income does not make sense and that is the reason why it is very important for people to look for ways to create multiple streams of income.

 

[Shigobad20201]

Relying on a single source of income does not make sense and that is the reason why it is very important for people to look for ways to create multiple streams of income.

Relying on a single source of income is not making sense at all in this present world that we are living in right now because we don't know when the business might fold up , so its better to have if possible multiple source of income.

 

[Setfragil]

Sometimes it depends on the type of business or job that you do. If you think your business is enough to take care of all your financial needs, you can rely on one business.

 

[Destiny030]

Honestly, it's not good to have one source of income because, in this life , challenge will surely come to someone's way, and most challenge targets money which is a challenge to your source of income, during this periods, those that have more than one source are likely to survive or succeed from such challenge in a matter of time,
Secondly, having more than one source of income will make bills and life easier, in terms of meeting family demands.

 

[Ray1]

Sometimes yes and sometimes no, but as they say, never keep all your eggs in one basket, I prefer t work on more than one website. Money is okay, it gives me motivation and thrill but it's not my main object of working online.

 

[skyliequiz]

In today's economy I think it would be best to not rely in just single source of income because If you just have one source of income and it dies for any reason, you are left with no income. If you have many sources of income and one of them dies, the others will continue to pay you.

 

[McIrx]

In the current world, without money there is no life, if you have a strong and high profit yielding business then you can rely on it but if its earning is low then definitely you should start another business to get more money.

No matter how high yielding the business may be sourcing for different means of income is highly important. No successful businessman out there makes it from relying on just one business. Diversification is the way to it. They're stinking rich from stocks yet they're still putting money into forex, real estate, technology and all.

 

[Aaron625]

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 .

Yeah working in some sites are not worth our time and we should realize this very soon , so we work in good sites and also get time to take care of our health.

 

[Jlife]

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.

You cannot say that the United States of America is the only country that is ahead of Nigeria, you really need to think of China because it is Chinese that have caused a serious drop in cryptocurrency that up till now all coins have not been able to recover.

 

[Salimo]

Yeah working in some sites are not worth our time and we should realize this very soon , so we work in good sites and also get time to take care of our health.

Thanks for agreeing with me mate , yes many sites just occupy our time without rewarding us for time spent on them so least thing we should do is leaving them in near opportunity .

 

[Chibson]

Even if you have a job that really pays you well, it's advisable that you start your own business no matter how small it is because a lot of jobs are not secured.

 

[Setho]

If you are going to want to make money then it is very wise of you to diversify your income streams because you never can tell what is going to happen in the future.

 

[Bookwormlux1]

You cannot say that the United States of America is the only country that is ahead of Nigeria, you really need to think of China because it is Chinese that have caused a serious drop in cryptocurrency that up till now all coins have not been able to recover.

I mean a country that has a lot of Crypto traders, china only has major crypto activities like mining going on there, not that they are the center of Crypto Currencies.

 

[Snazzy001]

It is never advisable at all especially due to the fact that accidents do happen, and your alternative source of income could really help in times like that and your alternative source of income could really help in times like that

 

[Heatman]

Well, if you are interested in making sure you get your future well secured, it's very important that you have more than one source of income as a back up in case anything goes wrong.

 

[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.

I once had a friend who had just one source of income and things where going well for them, as the pay was good and it comes in every week, We adviced them to start up another business as back up but they saw no sense in that. It was during covid the whole thing crashed

 

[Heatman]

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 .

No sensible human being would ever be comfortable with just earning money from one source because what happens when that one source of income closes unexpectedly?