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Diversity In Income: The Key To Sleeping Better At Night

having multiple streams of income

We all know how important diversity is in investments, but I also believe having diversity in income is just as necessary. Anyone who has ever lost a job would probably agree. While having an emergency fund can save people from disaster, having two or more steams of income could mean the difference between insomnia, stress, and having to take the first thing that comes along vs being able to take your time and find a better or more rewarding job or career. For me, diversity in income is the key to sleeping better at night. We Want You To Work, We Just Can’t Pay You I recently had some time to ponder the concept of diversity in income after one of my employers didn’t pay me for four months! I have a contract position with the federal government at an Indian Health Service clinic. Federal employees tend to have very stable jobs and regular benefits, but as a contractor, all bets are off. I submit a monthly invoice and generally get paid within two weeks, but it’s not uncommon for the payment to take a month. I’m used to that. However, some sort of glitch that no one can explain ...

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