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)
Uberto Moreira7
freelance
N?o sei nada de ingl
Philippe Moisan16
Tutorial videos, sci-fi writer
That's what I did for both.
Bj aka Bill Brown14
Hosting and Backup Service provider
@philippe don't worry about it just hit the report abuse when you see things like that soon they will be terminated for doing it.
Philippe Moisan16
Tutorial videos, sci-fi writer
Getting into a multitude of programs is not a good idea for sure, especially if you're a newbie. Keeping track of where the results come from takes its toll, it's impossible to do it on multiple streams.
Star t.6
Webmaster
? Interesting
Philippe Moisan16
Tutorial videos, sci-fi writer
Sorry if I seem out of topic, but I don't get why 2 people here just put nothing but repeat characters as comments here. What's the use ?
Carol Jacobs8
Money Keeps Coming To Me
If you have the time then you can do it.
Bruno Calic17
Internet marketer
Multiple streams are good!
Sushil Sharma13
am a networker from india
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Dr. Michael D.6
The UBIEE HQ for Greener Nations
I agree with BJ. And YES multiple streams of income are fine just that you need to use them from the money earned with the one you do for sure.
Never spend more USD as you EARN. if you earn 10 US$ spend 9.99USD and keep 1 cent. Do not spend money that you do not have. It will make you simply fail. No matter how many Multiple stream of Income you might have.
Thank you for the article campaign.
Regards
Michael
Shoaib S.6
Work Hard any Work Can do Your self
That's why I recommend this social networking sites
Merry O.6
Internet/Affiliate Marketer
Done wisely, multiple streams of income can work very well. Done haphazardly, not so much.
Warren Contreras14
Old Retired Guy
The problem with most multiple stream plans is they all end up being dribbles instead of streams, simply because you can't stretch your time or resources that far.
Angela2
don't put all eggs in one basket ...........
мих...1
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Paula van Dun16
Retired
You are right. As they say in Holland "Don not bet all your money on one horse". About industries having difficulties there is I think one exception: the business of online advertising.
Bj aka Bill Brown14
Hosting and Backup Service provider
it is all very well extoling the advantaf-ges of multiple streams of income , however the newbies are dragged from piial to post to join dozens of programs, instead of being taught to join one program get it working then join a second one and get that one working while keeping the first one working and so on thus building up steadily. yes get multiple streams BUT do it sensibly you can not promote 10 different programs at the same time and do them all justice.