7 Reasons Why You Should Have Multiple Streams Of Income

multiple streams of income

Did you know that 4 in 10 Americans have a side hustle or extra source of income? That means that one of your family members, a friend, or a colleague could be working a second job or freelancing online. Or maybe the side hustler is you! Creating multiple streams of income is becoming popular among many Americans, and for good reason. Here are 7 reasons why you should have multiple streams of income if you don’t yet.

7 Reasons Why You Should Have Multiple Streams of Income

This post was written by our staff writer, Kimberly Studdard.

1) Provides A Safety Net

First, multiple streams of income provide a safety net for you. If you only work a 9-to-5, you are dependent on that income alone. So what happens if you become ill? What do you do if you get laid off or fired? How will you bounce back from . . . → Read More: 7 Reasons Why You Should Have Multiple Streams Of Income