Diversify the way you work - Deepstash

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Building a Career from Different Income Streams

Diversify the way you work

The full-stack freelancer has proven to be a new kind of stable where the smart thing to do is to have a diversity of income streams.

You don't have to use the same skill set in all the work you do. You can mix and match the different ways you want to work, how you want to spend your time, the clients you prefer, and the frequency in which you want to get paid.

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How you can invest in yourself
How you can invest in yourself

The foundation for every personal pursuit in life is to invest in yourself. It can take years. How you can do it:

  • Learn to build something. If you can create something valuable w...
Income generation

Once you have ideas, you want to put your ideas to work. If you do that, you can start creating value. When we create value, we generate income.

During the pandemic for example, most restaurant owners had to focus on other ideas to generate income. Building wealth is not easy. We need a constant supply of ideas.

Asset investing

It is anything that will increase your wealth without personal labor.

  • Businesses. This is a broad asset class. You can buy dividend-stocks on the market, and then the companies will pay you a share of the profit. You can start your own business. You can buy into other private businesses.
  • Bonds. When you invest in bonds, you collect interest just like your bank is collecting on a mortgage.
  • Books. A good book will generate cash for a long time.

Assets that don't generate cash, but might increase in value.

  • Land. A piece of land generates cash when you rent or lease it.
  • Collectibles such as art or watches.