Create multiple income streams from "summary" of The 4-Hour Workweek by Tim Ferriss
Creating multiple income streams is a fundamental principle for achieving financial freedom and independence. By diversifying your sources of income, you are not only increasing your earning potential but also protecting yourself from sudden financial setbacks. This concept is all about not putting all your eggs in one basket. One way to create multiple income streams is through passive income, which allows you to earn money without actively working for it. This can be achieved through investments, royalties, or automated online businesses. By setting up passive income streams, you can generate money even when you are not physically present or working. This is a key strategy for maximizing your earning potential while minimizing your time investment. Another way to create multiple income streams is by le...
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