Without any iota of doubt, many people (both young and old) have fallen victim of financial setbacks due to this act!
It won't be of surprise to say that many people will still be fresh victim of this "relenting after getting a stable channel of income"
With all due respect, I say my greetings to you all.
Hope we all doing well?
Shall we dive into my view!
Before we swing in fully, let us take a look at this quote
There is no security in a job, even a high paying one. Be smart and don’t rely on just one source of income.
One of the wisest billionaires in the world said this, Never depend on a single income. Building multiple streams of income is no longer a luxury, it has become a necessity (Warren Buffet).
The first danger is
- YOU ARE LIMITED
Wity a single channel of income, most as a salary earner, you leave a life of being extremely careful. Because you seem to be in boundage of finances hence being extra careful. You might not be able to meet certain needs because you are limited.
- LIVING IN FEAR
Well as we all know, putting all eggs in one basket is very dangerous. in this situation, you keep having fears that what if , what if, what if.
The fear of what if alone will tamper with your health.
You might get scared of losing the channel. Even God almighty that created us did not give us a single channel vein,arteries,and capillaries!
- FINANCIAL SETBACK
Financial setback is the most certain thing as having savings will prove to be extremely difficult.
Whenever you try saving, expenses shows up which tend to claim whatever you have from your "one chain income mode"
So, it's a necessity to have different channels of income to have a good life, financial freedom and the likes of it.
"THIS IS MY VIEW"
I await your view in the comment section!
Who is D4MUSIC "@obaro"
D4MUSIC is a musician (singer, pianist, drummer, guitarist) who has passion for music. He loves arts (drawings). He is also a Nigerian student studying chemistry in one of the prestigious Universities in Nigeria (AAUA). He tries to balance his academic live with hive activities. He aims towards being not just a regular hiver, but a game changer, and a great impact to the hive communities.
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In the environment we live we need to have multiple streams of income
The coviid19 incidence has taught us this and even open our eyes to ways we can make money for sustenance just away from our usual white collar jobs.
Thanks for sharing brother
You are always welcome man!
Thanks for your point of view too!!
I hope we all use this and learn from it because it's a good one
Indeed!
Thanks for stopping by dear!.
It's a great one on my side!
You are valued!
Exactly man, this really sucks and drains but thank God for different channels of finance...