Develop a diversified income stream for stability from "summary" of Early Retirement Extreme by Jacob Lund Fisker
To ensure a stable financial situation, one must cultivate multiple sources of income. Relying solely on a single source of income is akin to putting all your eggs in one basket. If that basket falls, you risk losing everything. By diversifying your income streams, you create a safety net that can buffer you against unexpected financial setbacks.
Having multiple sources of income can provide stability in an uncertain economy. A job loss or reduction in hours at one job may not be as catastrophic if you have other income streams to fall back on. This can also give you more freedom and flexibility in your career choices, as you are not solely dependent on one job to sustain ...
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