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Multiple streams of income (view source)
Revision as of 21:56, August 9, 2025
, 21:56, August 9, 2025→Multiple streams of income and personal income
[[File:Eggs in a basket.jpg|right|thumbnail|350px|"Don't put all your [[egg]]s in one basket" - Popular saying.]]
[[File:Eggs in a basket.jpg|right|thumbnail|350px|"Don't put all your [[egg]]s in one basket" - Popular saying.]]
'''Multiple streams of income''' is an [[economic]] concept that is applied to either [[business]] or personal use whereby the person or business entity seeks multiple sources for [[income]] that have some level of separateness so that in the event that one stream "dries up", the other sources will continue and prevent a catastrophic situation from occurring.
'''Multiple streams of income''' is an [[economic]] concept that is applied to either [[business]] or personal use whereby the person or business entity seeks multiple sources for [[income]] that have some level of separateness so that in the event that one stream "dries up", the other sources will continue and prevent a catastrophic situation from occurring.
== Benefits of having multiple streams of income ==
*[https://www.lfcu.org/news/managing-money-credit/the-importance-of-having-multiple-streams-of-income/ The Importance of Having Multiple Streams of Income], Lafayette Federal Credit Union
*[https://www.forbes.com/councils/theyec/2020/02/25/five-benefits-of-having-multiple-sources-of-income-as-an-entrepreneur/ Five Benefits Of Having Multiple Sources Of Income As An Entrepreneur], Forbes, 2020
*[https://www.advisorpedia.com/viewpoints/why-should-you-have-multiple-income-streams/ Why Should You Have Multiple Income Streams], Advisorpedia.com
== Multiple streams of income and personal income ==
== Multiple streams of income and personal income ==