Why I Think The Idea of Having Multiple Streams of Income is a Good One
In stocks and mutual funds investing, risk is minimized by owning a diversified portfolio of assets in different industries and family of funds. Just as diversification is essential to reducing losses in investing, so is generating multiple streams of income paramount to avoiding failure and losses in business.
No longer can the average household depend on only one source of income, especially in these uncertain economic times when some people are in danger of being laid off and home foreclosures are at an all time high. No business or industry is exempted. Even giant companies in the automobile sector and financial industries, at one time, were on the verge of declaring bankruptcy and laying off thousands of their employees. Is there any hope or solution for people who face layoffs, loss of income, and other related problems due to the nation's economic downturn?
I believe there is hope, and the solution is in building alternative sources of income. I believe this forum, APSense, is one avenue for helping people generate more income. That's why I recommend this social networking site for people who are looking for alternative, online money making sources.
You may have already noticed the various business ideas and recommendations that I promote on my homepage. I promise that more of these ideas will be shared on my website and blogs in the future. You will be hearing from experts and people who are already successful in implementing these multiple income strategies. I encourage you to read and act on the ideas presented there. If you need additional help, I am available to brainstorm some ideas with you to help you accomplish your goals much faster.
I am also looking forward to learning from you. I don't know it all. Please feel free to share with me your ideas for making more money on the web. I believe in the concept of T.E.A.M. (Together Everyone (working together) Achieves More).
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Comments (57)
Jahnvi Savnani9
CEO
Good Information Share By you.
Enamul Huque11
SEO Specialist
I agree with you. We need some residual income sources along with our main source of income.
Philippe Moisan16
Tutorial videos, sci-fi writer
@dawn I've been wanting to write eBooks for months, join the club :)
Dawn C.6
Work at Home Mom
I agree with multiple streams of income, I do it. For a newbie it can be hard tho. I have it set up so that most of my streams of income are in a way linked together. This way I do not have to do as much on each one individually. Only problem I found is that it did delay my writing my own ebooks! I am also all about stocks, can be a great investment but one has to be careful
Dame Andre6
Master Chef
Nice url. maybe I join with you
Raul V7
Global Independent Business Owner
Well Mr. Aki is real innovator is which I recommend his program to internet marketers, thanks
Vijaya Lakshmi8
Writer, Health Consultant
What are the other ways to work out in online other than the small programs like ptcs, gpt sites?
xingfuhh6
In stocks and mutual funds investing, risk is minimized by owning a diversified portfolio of assets in different industries and family of funds. Just as diversification is essential to reducing losses in investing, so is generating multiple streams of income paramount to avoiding failure and losses in business.
Juliana Lawing6
Event planner
Multiple source of income to supplement the expenses of a family is almost compulsory inorder to meet the needs of a daily life.
RAMESH KUMAR5
Investment Management
i have noticed you ideas
Premalal Arseculerat...6
IT Personal
I recommend this social networking sites
Me Again4
Uinvest GUN Agent
yup,,,have more resource of income is good one
Ben South7
Traffic Exchange Owner
makes sense to protect yourself
Eric Tan7
Internet Marketer, Web Designer
You are right, having multiple streams of income is the key to success...
Darlene Pattison7
Dee-Commerce Mint
this might be good but it seems like the same ole mlm.
Cindy Stark8
Interner marketer
This is a good article.
Mentor Mahmudoski8
Good idea is have multiple streams.
Luis Figueroa9
Independent Entrepreneur
Yes, You're correct but we also need to verify the background of the marketing we are promoting, and make sure it won't hurt our credibility in the future.. Cheers!!!
Khadar valli Syed9
Hardware Engineer
In stocks and mutual funds investing, risk is minimized by owning a diversified portfolio of assets in different industries and family of funds. Just as diversification is essential to reducing losses in investing, so is generating multiple streams of income paramount to avoiding failure and losses in business.
Tina Smith3
Don't put all your eggs in one basket... you could fall and break them all!