The majority of people count on a single source of income. All their earnings, generally come from one company, their employer. Most of us don’t even question this as it was that way for our parents and seems normal.
‘Don’t put all your eggs in one basket’.
This risk management knowledge goes out the window when it comes to our personal income. We don’t apply the same wisdom we would for an investment. For most of us, it’s second nature to spread our money over several investments to reduce risk. By diversifying, if one investment fails to perform, we can still win.
Having only one income can be as risky as investing all your eggs in one basket.
With only one income, risk increases.
We run the risk of our income drying up: we could get fired or sick; competitors could interrupt the market place; the company shut down.
Suddenly, it can become an issue to pay for such simple things as food, mortgage or school fees. Without an income times can get very tough, very quickly. And it’s not always easy to snare that new job.
That’s why at Wealthwise Education we encourage you to have more than one source of income.
Warren Buffett, the guru of stock market investing, warns “never rely on a single source of income.” He encourages multiple sources of income or income streams.
While you have an income stream, it’s a great opportunity to learn how to create another stream. This reduces your risks. Wealthwise Education teaches how to create income diversification in the stock market. It only takes a weekend to learn. Then some practice in your own time to hone your skills to earn money from a variety of stocks and market sectors. An extra income can made while you are working full-time elsewhere!
‘Invest for Success’ Course – learn how
Increase Your Earning Potential
You can always find a few minutes during the day to check your stocks on a mobile app. And during the evenings or weekends you can practice your investing skills to increase your earning potential.
Applying our ‘Invest for Success’ method in the stock market, will open up a whole new world of multiple income sources.
The sooner you get started, the better.
Shift Your Thinking
From: Single Source – good enough
To: Multiple Sources – better, safer & more profitable.
Now is the time to invest in yourself. Learn how to diversify your income and strengthen your financial stability.
Stock Market Investor Education:
‘Invest for Success’ weekend course. Call us for more information +61.2.9488.9900.