Difference between revisions of "Multiple streams of income"
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'''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. | ||
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| + | == Common mistakes in creating multiple streams of income == | ||
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| + | *[https://www.nasdaq.com/articles/the-6-biggest-mistakes-in-creating-multiple-income-streams#:~:text=What%20are%20the%20best%20ways,assess%20your%20skills%20and%20interests. The 6 Biggest Mistakes in Creating Multiple Income Streams], NASDAQ.com | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 07:09, January 28, 2024
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.