Focus on building multiple income streams
Even if you have a steady job, do not allow yourself to become complacent. Maximize your income while you can from multiple income streams, which will act like a moat when challenges occur in your job or otherwise. Do an assessment of your skills, and consider starting your own small side business, while you continue to do your job.
Numerous online business opportunities are available today, which involve minimal capital and can generate a reasonable amount of income. If you are good at stock investing, or feel comfortable with mutual fund investments, you could gradually build a substantial passive income in the form of stock dividends.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.