Financial planners often talk about the importance of having multiple cash flow streams and not relying solely on one (such as your job). It's important because in the event you do lose your job - which seems likely in the current recession, you can still rely somewhat on the other cash flow streams to cover your expenses while you are looking for another job. Also, when you are employed, those multiple cash flow streams can be invested to generate more income if not needed to cover living expenses.
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10 Ideas for Multiple Cash Flow Streams
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Financial planners often talk about the importance of having multiple cash flow streams and not relying solely on one (such as your job). It's important because in the event you do lose your job - which seems likely in the current recession, you can still rely somewhat on the other cash flow streams to cover your expenses while you are looking for another job. Also, when you are employed, those multiple cash flow streams can be invested to generate more income if not needed to cover living expenses.