I've heard “multiple sources of income” so much in my time. However, this seems like it is designed for people who already have or make substantial money. After monthly expenses are dished out there isn't enough left over to generate additional income to carry you in the event the main source is lost. If you have a family to care for and bills to pay on less than 6 figures a year, how do you realistically achieve this seemingly mythical stream?
I've heard “multiple sources of income” so much in my time. However, this seems like it is designed for people who already have or make substantial money.
After monthly expenses are dished out there isn't enough left over to generate additional income to carry you in the event the main source is lost. If you have a family to care for and bills to pay on less than 6 figures a year, how do you realistically achieve this seemingly mythical stream?