That is it, having additional source of income makes one remain balance in terms of expenses or over expenditure within the period of investment, when having multiple stream of income it reduces tension and the fear to temper their investment without getting to the stage of maturity.
People fails to understand the fact that before they go into whatever investment or even savings they should have another means that would also increase their chances of not touching their money, just like bitcoin at this point when we are experiencing a bull trend isn't something one should temper due to lack and want it reduces profits .
It can be said that when they have other sources of income, at least expenses will be balanced between investments and your needs during the month because there is no more severe strain because they have adjusted from other income.
Yes, it is better to increase income opportunities first rather than investing directly with mediocre money, then it will not be in line and end up breaking up halfway because the money used is not sufficient for investment anymore, while by increasing income sources we can more freely set up investment plans and emergency funds, there is no greater tension because income has been increased so it is more sufficient to start investing.
No matter what profession we are in or what financial situation we are in, we should always think of alternatives to our financial income. When we have multiple sources of financial income, if one source of financial income stops, we will still get financial support from another source. I look up to my father and I always try to follow my father.
My father is a government employee and he belongs to the first grade salary of our country he gets good money salary at the end of the month but he is not satisfied with that much. We have a village house where my father has dug several ponds and there my father has been making good profit from fish farming for several years and we also have several chicken farms and a small cow farm. My father earns every month from his village home business to earn more than the salary he gets from his government job. He gave me financial freedom but he told me to spend money in the right place in the right way. My father is working as well as running several businesses and I am investing his money in bitcoins instead of misusing it.
I have a plan now that I will never waste the money I take from him but I will invest a part of that money in Bitcoin and keep that investment for a long time. After investing in Bitcoin for a long time I have a dream that one day I will hand over a huge amount to my father and tell him that I did not spend your money in the wrong place at all.