Personal Finance

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

To consistently make income, you should have multiple channels.
Guest Writer
Certified Financial Planner, Author and Blogger
2 min read
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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