Radical Personal Finance
Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core … read more
262-How Risky is Your Income? Applying the Concepts of Diversification to Wages and Profits
We talk a lot about diversification within the context of investments. But what about diversification of your income?
After all, how risky is it for you to depend on a single source of income to fund your life and lifestyle?
The paradox is this: the more specialized you become in your career, the more you can earn. But the more specialized you are, the riskier your income is!
The challenge is for us to figure out how to reconcile these two things.
Today, I share my thoughts on the subject with you.
Enjoy!
Joshua
- Do You Need A Budget? Try the same budgeting software that I use and love! www.radicalpersonalfinance.com/YNAB
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