Multiple Stream Income or Focus on one Income
Many people hesitate when make decision for their financial planning, they confused is its better having multiple stream of income or one income but focus, well it’s a short question but need a long explanation, at this post I will discuss about the benefit and the weakness from each decision.
Many big business only focus in one target market, we can learn from the richest people in the world such Bill Gates, Warren Buffet or other big businessman such as Ray Kroc the owner of Mac Donald or Donald Trump, the king of property in USA, all the businessman I mention above only focus in one business and not make multiple stream of income, they think its better focus in one strategic goals than make many business which they maybe can’t handle it by themselves.
But if you are an employee and cant relies on your salary, its mean you must make an extra income, become an employee doesn’t guarantee that you will save on your financial especially in the future because you maybe dismissed from your company or the company bankrupt.
So you were in which position? If you are a businessman I suggested you focus on one core business, focus in one core business can make you reach your goals faster than if you make many core business, but if you are an employee, having multiple stream of income is a must to protect your financial in the future.
