This blog is about Me and my Family and how to make money online

is it better to have multiple streams of income or one large stable one?

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The one thing that people needs to know, in today’s time where people are getting laid off, business closing down and inflation hits but your pay is the same, it’s time to have another stream of income for help. Yes having a large stable is one good but if something where to happen to that one stream of income, how are you going to pay your bills.

Most people have 5 to 6 bills to pay every month and depending on one stream of income is not that great. Your job can relocate, you can get fired from your job, your hours can be cut, your company can be brought out by someone else and they can bring in their workers to replace you. So we need other streams of income to pay so bills just in case something happens to our job. Lets talk about one stream of income that you can start today. I am not giving you any advice on the stock market or how to handle your money.

Dividend paying stock:

Dividend paying stocks are stocks that you can buy with any broker like webull or robinhood and these stocks pay you a dividend just for holding the stock. Some stocks pay every 4 months and some stocks pay every month and the more shares you have, the more you get paid in dividends. Most people are in the stock market with their 401k’s. Dividends is passive income that you can use for your needs and it’s another stream of income that you can use. Please do your own research before buying dividend paying stocks or any stocks on the stock market. In the video below, I will show you the stocks that I have and how much I am making in dividends.

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