Seven Reasons Why You Need Multiple Source of Income
We all know that the job market is increasingly competitive, and in a world where two incomes won’t always cover rent, diversity is all the more important. In the last 20 years, we have seen the 2008 financial crisis, and the COVID-19 pandemic has shot unemployment to record levels. If nothing else, this has shown us that no job is safe. One way which you can protect yourself from these problems, is through having multiple income sources, allowing you freedom to relax in the case that something were to go wrong. 1 . Employers are increasingly disconnected to employees. We’ve all heard the stories about Amazon workers who can’t have toilet breaks and with rising unemployment internationally, it is clear that large corporations do not value their workers. The danger of this devaluing of workers is that employers view workers as replaceable, whereas for many, their sole income source is not. By giving yourself multiple streams of income, through saving young, investing and starting busine