The Way To Make Money - Deepstash

The Way To Make Money

Everybody knows if you have money, you shouldn’t invest it all in one stock. Everybody knows that’s a bad idea. You need to diversify there.

But for our jobs, for how we make money, I think many of us — most of us — have one way we make money. It can be very risky. I’ve really come to believe, and have done a lot of research over the years, that one of the best ways that we can create real, legitimate professional stability for ourselves is by choosing to cultivate multiple income streams.

6

11 reads

The idea is part of this collection:

How To Get Rich Naval - Every Episode

Learn more about entrepreneurship with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

Related collections

Similar ideas to The Way To Make Money

Having One Income Stream

Having One Income Stream

When we invest in ourselves and spend less time on entertainment and consumerism ideals, we can actually build a more stable career. 

With our free time we can start a side business, learn how to make money work for us instead of us working for money. By having multiple str...

A Stoic Way To Invest Your Money

First manage the money you do have, then use your money to generate more money. You don't need to think about investing until you're out of debt and have multiple ways of generating income.

  • Use the 90/10 rule, where only 10% is used on speculation.

Betting on a hot stock isn't worth it

Betting on a hot stock isn't worth it

Despite news headlines on life-changing investments on one stock item like GameStop, it is too risky to make short-term bets with sizable sums of money on what a stock is going to do next. Instead, some of the most respected investors in the world have long said the best ...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates