Learn more about personaldevelopment with this collection
The benefits of a bedtime routine
How to improve your sleep quality
How to create a relaxing sleep environment
2. Greater Stability And Safety
It is important to make sure that your first business is mature and developed enough before you start focusing on an eventual second source of income. However, I believe it is also important for entrepreneurs to always have an ambitious attitude and seek new sources of growth.
Having multiple sources of income can decrease your risk of losing it all. If the business to which you’re dedicating all your efforts goes bankrupt or fails, you will lose your only source of income, and you will be left empty-handed. When you have several sources of steady income, that worry is reduced.
8
41 reads
MORE IDEAS ON THIS
4. Working From The Comfort Of Your Own Home
With the rise of remote work, there has recently been more debate about what is best: working in an office or from the comfort of your home. This is relative, as both options have their benefits and disadvantages.
No matter your opinion, as your own boss, you will be the one to decide where...
8
30 reads
3. Scaling Faster
You’ve likely heard the expression,“Wealth begets wealth.” Essentially, higher amounts of money and income will attract more money and ROI. Having multiple sources of income will allow you to invest a greater proportion in both your primary company and other new sources of incom...
8
32 reads
1. Achieving Financial Independence
In the early stages of a new business, it is usually the founder who takes on many tasks themselves. With progress over time, the goal is to delegate secondary tasks so that the executives can focus on the 20% of tasks that will generate 80% of the results to scale the company.
8
75 reads
5. Living Your Dream Life
Everyone wants to live their dream life, but not everyone is able to achieve that goal. If you are smart and manage more than one source of income, then you have a real chance of creating the dream life you want. The more time and effort you put into building your sources of income, the greater t...
8
24 reads
CURATED FROM
IDEAS CURATED BY
Related collections
Other curated ideas on this topic:
Four Steps To Building Wealth
- Don’t Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
- Have An Emergency Fund: this gives you freedom and peace of mind to deal with issues without having to upset your lo...
Possibility and Motivation
When we are not interested to take action, and we're feeling no motivation to do a certain a task, it means we are not connected to some possibility in our lives. If we get clear on that possibility, and feel connected to it, we are going to feel much more energized and inspired to take on our ta...
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.
I agree to receive email updates