How to Ensure You Are Always Making Money (Even If You Lose Your Job)

To consistently make income, you should have multiple channels.

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By Jeff Rose

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Jeff Rose asks what would happen if you lost your job today. Can you securely say if you would be prepared for the shortage of income?

Rose discussed the benefit of having a second source (or even a third, a fourth, and more), which can essentially offer you a means of insurance to continue affording and sustaining your regular living costs.

When brainstorming a means to secure another income source, consider regular routes to pay increases, like a traditional raise or learning a new skill to start a business.

Click play to hear more setting up diversified streams of income.

Related: Struggling to Save? Here Is the No. 1 Way People Waste Their Money.How to Start a Business With One Customer and Make It Popular

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Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger.  He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future.  He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.   

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