No financial advisor in their right mind would tell you to put all your investments in a single company.
When it comes to your income, you should probably take a similar approach.
Passive income is one of the holy grails of personal finance, and onewe talk about a lot.
When that client moves on poof!
there goes the business.
But you better apply that thinking to the bigger picture, too.
Are you relying upon your business to generate all your personal income?
If youre thinking of buying into a business, think outside the one field you specialize in.
No matter what youre aiming for, attempt to avoid putting all your eggs in one basket.
Are You Diversifying Your Income?
Youd Better Start.| Entrepreneur
Photo byAlan Cleaver.
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