Thread by @tayooye

3 reasons you should consider building multiple income streams (job loss).

- A thread.

1: You have limited control over your life when your income is tied to a process you don’t control.

Companies go bankrupt, mergers happen, industries die. You don’t control any of these catalysts.

Don't anchor your life to a process you don't control.

2. Job loss happens to both good and bad employees. How will you maintain your lifestyle if it happens to you?

This is important. Being great on the job does not completely immunize you from job loss and the attendant insecurities that follow it.

3. Diversification: Never put all your eggs in any single basket.

I was once advised to resign from a job when I didn't have a second income source.

Trust me, you don't want to experience the anxieties I felt in the aftermath of that job loss.

10 potential side gigs:

1. Online freelancing - upwork, freelancer, Fiverr etc

2. Online/offline sales.

3. Coding.

4. Data analytics

5. Graphic design.

6. Transcription services.

7. Cooking.

8. Seminars/classes.

9. Consulting.

10. Writing

Please feel free to add other side gig ideas to the list.

11. Web design
12. Photography.
13. Music