The Best Way to Ensure You Don’t Go Broke in a Sudden Crisis

Securing your income like the rich

David O.
The Startup
Published in
7 min readMar 21, 2020

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Photo by Tamara Bellis on Unsplash

Have you ever wondered why some rich people just keep spending lavishly for years without having any work? Well, this is your answer: multiple income sources.

The secret of the rich is not only in what made them a ton of money and made them relevant. It is also in the little-known ways money keeps coming to them.

Most rich people are known for one or two things. But most of them have more than a dozen ways money is coming at them. So, when there is an issue and their major income source gets blocked, they are still making money.

Most people exchange their time for money. Smarter people learn to leverage other people’s time for money. But the smartest way is to have multiple income sources.

Multiple income sources is a concept that has been around for thousands of years. It is how the rich insulate themselves from going broke.

Most rich people start out with a major business making them a lot of money. But then they know that if something should happen to that business, they would go under. So they set up another income source.

The purpose of this is to make sure that the failure of one business would definitely not lead to their…

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David O.
The Startup

I investigate things and write about them. Mostly around wealth, money, rich people, career, and business success. Not financial advice