Saturday, July 4, 2009

The Power of Multiple Streams of Income

Nowdays, there is no such things as job security. As a couple it is imperative that your ensure the financial health of your family, therefore I strongly suggest that you have multiple streams of income.

Make sure that you are not relying simply on one single paycheck every payday to get your family through the next week. This does not mean that I am saying that if only one of you works the other has to go back to work. What I am saying is make sure you have multiple sources, whether it is a side business, annuity, stocks or whatever else possible that will be there to provide for you in a time of need.

If only one of you is working and you lose your single paycheck, you have to know what to do in the interm until you get income following again. Trust me, when I say it is far better to have less than to have none. Do whatever it takes to make sure that you don't have to experience having nothing.

Get together with your spouse and make a plan today for your family to get multiple streams of income so that you will always have something rather than nothing to make sure your basic needs are being met.

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