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Build multiple streams of income for financial security from "summary" of The Millionaire Fastlane by MJ DeMarco
To achieve financial security, the process of building multiple streams of income is paramount. Relying on a single source of income is akin to walking a tightrope without a safety net - one misstep and you could plummet into financial ruin. By diversifying your income streams, you create a safety net that can catch you in times of uncertainty or economic downturn. Each income stream you create is like a pillar supporting the roof of your financial fortress. The more pillars you have, the stronger and more resilient your fortress becomes. If one pillar falters, the others can help carry the load until it is repaired or replaced. This is the essence of building multiple streams of income - it provides a buffer against financial instability and gives you the freedom to weather t...
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