Sunday, March 7, 2010

Why Think Of Another Income Source?

It's a sad fact for many of us that our jobs or professions just do not allow us to save for tomorrow. That's why we either take on a second job on top of the main occupation, or do some other "sidelines" like opening a small buy and sell business, or whatever. Some invest in stocks, bonds, mutual funds etc.

It's never a good idea to put all your eggs in one basket. What if you lose your job? What if you get sick and cannot work? Your expenses won't stop even if your income does.

The point is, you should always have a source of income. My aim is to work as much as I can while I still can and at the same time invest my money in instruments that will provide me a passive income when I no longer could.

2 comments:

Gallery 802 Terms said...

I have read your blog and i saw that i have learn t new thing for life....it is very interesting.

Kitchen Sinks said...

Thanks For the post.....Good work...keep it up.

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A part time ophthalmologist, part time micro business owner, part time graduate student and FULL TIME MOM struggling to find balance in the confusing world of multitasking :)