If one of your goals in 2021 is to grow your income, read this.
If 2020 taught us one thing, it is that having one source of income is as good as walking on a cliff. A little wind and you could be plunging down to disaster.
BUILDING MULTIPLE streams of income is no longer a luxury, it has become a necessity. If the high rate of unemployment and mounting job losses have taught us anything, it is that nobody’s job is safe. Unfortunately for most people, their only source of income is from their job, which can be a risky way to live. Some couples may be more fortunate and have a spouse bringing in money each month, but they are still relying on a job for their livelihood. “There is no security in a job, even a high paying one. Be smart and don’t rely on just one source of income”- Ray Higdon. One of the wisest millionaires in the world, Warren Buffet, said: “Never depend on a single income.”
Lets see this story from Global Citizen
It was the morning of April 27, exactly two months after the first COVID-19 case was reported in Nigeria, when Adedayo Adegoke realized she had been signed out of her work accounts. A few minutes later, she received a call from an operations associate telling her that she was being fired and she should expect an email to that effect in her personal inbox. Only one reason was given: the coronavirus. “It was just a normal work Monday but before noon, I was unemployed, unsure of what to do and unsure of what the future held. In the middle of a pandemic,” Adegoke, who had led communications for a financial technology company in Lagos, told Global Citizen. “I’ve just been surviving on savings because finding another job while the pandemic is still around has been very difficult,” she added. “I can’t even send money to my sisters. No one is hiring and all my plans are on hold.”
You may think your job is very safe but let’s really be honest. IS ANY JOB SAFE? Especially in the middle of a recession.
Meanwhile, in the midst of the pandemic while people were losing jobs, investors were rushing to buy land in Ibeju Lekki. This could be attributed to several reasons including the expected launch of Dangote Refinery in 2022 or the fact that while markets are crashing and businesses suffering, owning land gives the owner peace of mind as land is a long term, tangible asset, that doesn’t wear out or depreciate, and there is nothing that can be stolen or broken on it.
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