Post
Topic
Board Economics
Re: Must all sources of income be steady enough for one to be classified rich?
by
Sanitough
on 20/02/2025, 22:52:14 UTC
Having multiple sources of income is good but when there isn't stability of the outcome of income or wages at the end of the day, there is sure to be poverty and lack of financial power.
Therefore, do you think that a source of income must be steady enough for years, before one can be financially free or rich or very wealthy, depending on the source(s) of income?
You need to have multiple sources of income if you want to call it steady income, this way, you can maximize earnings while also minimizing risk. Relying on just one job won’t cut it unless you want to burn yourself out working double or even triple shifts.

I know not everyone can start a business right away, but at least consider it as a life goal because reaching that level will finally bring you closer to your dreams. And, once you have a business, you can diversify your funds through other investments, making your income even more stable.

Your ultimate goal should be to let your money work for you, not the other way around.