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Having multiple sources of income is an exercise of purpose, industry, and foresight that liberates people from financial, knowledge, and emotional poverty. It is a decision of great value as it creates a position of freedom where a strong sense of personal satisfaction, security, recognition, esteem, and fulfillment develops and raises a person's quality of life.

What specifically are the dominant advantages of multiple income sources? Let us identify and discuss them in the following:

1. Financial security and self-confidence

Multiple-income lifestyle is an all-season pass to financial security. In a period of economic boom, you will be able to take advantage of, get a share in, and earn from the ongoing prosperity. In a deep economic recession, like what we have today, you can bridge your way over the torrent of difficulties because you still have another job to earn from. You are not totally devastated, financially and emotionally.

Nobody today can be sure of his or her work tenure. Job loss can happen anytime. In the last six months, no less than 3.6 million people had lost their jobs by the wink of an eye. Unemployment is even expected to soar higher in the next six months.

If you were one of those laid off but you were earning extra regular income from a second work, or a third job, or from a craft or profession, the loss of your main job will not completely ruin you. Your extra source of income is a potent seed of new growth. Unlike those who are totally out of work, you have something to spend while positioning yourself for the better days to come. You become more and more conscious of the value of money and highly circumspect in your spending. And it is at this difficult period that you can be guided by the quip: "Financial security and comfort is not how much you earn, it is how you spend your money."

2. Self-respect and emotional stability

Having more than one source of income clothes a person with that strong internal appreciation that he or she has what it takes to weather financial troubles. Being at work while others labor under the pain of severe unemployment develops strong self-respect. You will be emotionally overwhelmed by the fact that what you do and what you earn will delight your family and will be recognized by friends and peers you keep company with.

But had you been fixated to just one job and you were cut out of employment, what do you think would be its impact on your self-esteem and emotional stability? Things could get worse if you were

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