Topic: Try all means to have multiple sources. (Read 125 times)

Well it is good to have different sources of income because e no good make person put all in egg for one basket as the saying goes  bcos if any happen to de basket de person will loose all his eggs same apply to business .it is good to have different sources of income but I no sure if e go dey good for newbies like myself to do diversification of assets since we are just  starting our bitcoin accumulation so I think it will be unwise for newbies to begin to think of diversification since we are just starting Bitcoin. So for me I will start to diversify when I have enough Bitcoin in my portfolio so for me not to be distracted .

This post might be old, considering the date it was posted

But it will always remain relevant based on the fact that, our economy is not friendly especially at the moment, depending on salary as at this time and age in Nigeria is the most risky thing to do

Check out a country where what you buy before is now triple of that price now, and its getting worse by the day, most times you want to ask yourself how you found yourself here, in an economy/government that is not working for the benefit of its citizens, who have gradually become strangers and unable to recognise their country as their own anymore due to hardship and no promise for a better tomorrow

To earn through multiple legit means, possibly in $ in a country such as Nigeria is the only way out if you really mean to survive here

Well we are still hoping for the better while praying things doesnt get worse than it is already

The way the Nigerian economy is now, it has become very important for every adult to have more than one source of income so that the person will not suffer hypertension. The way prices of goods and services are increasing everyday in the country is very alarming, the naira is fast loosing it's value everyday to the extent that what you buy today, you will expect it to add money to buy the same item another day. The current economic situation in the country has necessitated the need to either learn a new skill, look for a part time job or look for money to start a side hustle, in addition to your job. The government doesn't care for the masses, they are not providing any meaningful solution to the bad economy so every Nigerian needs to help themselves to avoid poverty by thinking outside the box to make more money to be able to survive.

This is a very vital information you are passing across here. I have always encouraged and promote this idea of getting multiple sources of income in so many of my repliea in the speculation board. Our economy has been experiencing a downward movement since independence, with no hope of things getting better. If we are been presented with the economical performance graph (charts) of Nigeria, it should probably look like a shitcoin that was dump and couldn't recover.

I think the level of hardship now is already telling on the majority, and no one can pretend about it. If getting a single well paying source of income is not possible, then we should try to make it two or more, but it shouldn't be too tasky or tough that it can result to be worn out. From the look of things (from what I am observing), the government does not have anything to offer. And aside getting multiple sources of income, we should also try out new things as well. Maybe new things with more benefits.

Multiple income streams are good but where you are looking to earn them from is not so convenient as the risks involved are more. Even if the situation of the country is not as bad as this, there is nothing bad in having many sources of income as your time and energy can take you because it is a very good investment/insurance towards the future after retirement. This also goes to those who have a good job but are often relaxed, what if they are sacked or the company goes insolvent? This is why we should always think beyond our current status but always have plan B, even C and D, or more.

Also, I congratulate you on the Notcoin earning, I missed it actually, but you should still know that the money is once, it can't be considered a good way to earn. When we are talking about income streams, we need the ones that will continue to earn for us, and no risky engagement like cryptocurrency should be solely trusted. To plan this well, it's better we mix the risky ones with almost guaranteed ones. For instance, mixing business, buying physical properties, investments in stocks/crypto/other digital assets, and investing with banks, government and companies with reasonable returns.

The idea is limitless, we just have to carefully plan them to be on the safe and productive side.

You have actually said a good thing based on having another source of income, but still you have to remember that choosing another source of income online is very profitable but also very dangerous and risky because you might end up with a scammer or a scam project. Yes, you are right about shitcoins; they sometimes pay well, but I don’t think it should be encouraged to the newbies because investing in such coins requires a lot of investigation and research that will help you, and as a newbie, it might be so hard for them to do that, and mostly those shitcoin end up crashing, so as a newbie in this space, it will be very hard for them to endure lost.
 
But having two sources of income is very good, and it will definitely help you with your needs, and mostly in emergencies you will have fewer worries because you know no matter what you will have a solution to your problem since you have a source to get money. 

At first I greet all my fellow Naija for this great board, well as things dey go for our country things is not encouraging at all, each day  things are getting more expenses and same time things are getting worse . Even an average man  Can't provide three square meal again due to how things has turns up to be . Especially those who are salary earners , you will see a scenario whereby a married man receiving 50k monthly, and may not even them  last up to two weeks. Even  students are still facing it "nah dun eat dey read" .

Well I know that this space has been very helpful to most of us here, because there's alot if means of earning in this space , like for instance I also farm airdrops sometimes, like during the time of Notcoin I literally cashout $200+ , and I use some of the money to handle some expenses, and I kept some has reserved funds to buy the dip . Let me use the medium to tell newbies this we don't actually encourage holding of shitcoins, but doesn't mean you can't Farm them , aslong you are using separate wallet , and not investing any money in it you good to go and also always cautious.

So what am trying to say is that, we should try all means to have other sources, because depending on one source alone is not actually encouraging because if by any chances one endup losing that only source , for this hardship , Omo it won't be pretty or funny at all . So to be in a safer side just try and find something to add to your business, you actually learn online skills and other stuff that can help as a source. As we continue to hustle may God continue to protect us , stay safe guys