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I have followed Jeffrey Strain's articles on The Street.com For those of you who are new here; Jeffrey is the owner of this forum. Anyway, congratulations Jeffrey on getting an article on Yahoo Finance.
It is called "BECOME A FINANCIAL WIZ AT THE GAS STATION.'
Gas stations don't make all their money by selling only gas. Many stations also have convenience stores where you can buy food, drinks and other impulse purchases. Some offer car services such as changing tires, oil changes and car repair.
What it all says is that instead of relying on a single source of income, they derive income from a number of different sources.
In the same way, you should look at ways to expand the number of income sources you have beyond a single job. Starting a part-time business doing something that you enjoy is a great way to create extra income.
Taking the time to look for additional income opportunities gives you added security that if one income decreases, you still have another that you can rely upon lessening the impact.
I'm not sure I can do this one. I'm already putting in 100+ hours a week at my job, and next week I'm asking for another 10-15 hours. How can I create additional sources of income if I'm spending all my time at this job?
I'm not sure I can do this one. I'm already putting in 100+ hours a week at my job, and next week I'm asking for another 10-15 hours. How can I create additional sources of income if I'm spending all my time at this job?
It's a choice - obviously you can't if you are spending that many hours at your current job. If in the future your job is not able to give you the extra hours you want, then you will have the opportunity to create additional income sources.
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