To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
I think I will seek out additional income sources to diversify my financial security and avoid relying solely on one source in case it encounters difficulties. Ideally, I would like to have a diverse income portfolio, with one source providing a stable income to cover basic expenses and another offering long-term growth potential and the possibility of higher earnings. Additionally, I believe it is crucial to establish an emergency fund that can cover at least six months of living expenses.