There are two main advantages of holding multiple and alternative sources of income, which I am going to discuss below:-

~ More money. More source of income equals more money, which translate to higher purchasing power and be able to afford goods/products/services over your minimum requirement.
~ Spreading of risk. It is about diversification of your income portfolio. "Never put your eggs in one basket" is a common saying.

Alike sources of income to customers. The number of customers is never enough for any business. No one ever says, 'Oh, 100 regular customers is all I need'. Imagine if some customers have a change in tastes and preferences, or competition have snatched some of your market share, you will be earning much less than previously. Say you are suddenly laid back on your job due to an economic crisis, however you are still able to survive due to your investments in other areas.

This is how important Some examples of sources of income are your regular-paying job, investments, savings, amongst others.

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