From the course: Building a Portfolio Career: Diversify Your Income and Do More of What You Love
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Ways to diversify your income
From the course: Building a Portfolio Career: Diversify Your Income and Do More of What You Love
Ways to diversify your income
- Now we're getting to the fun part. Let's talk about some of the specific ways that you can diversify your income. This is by no means an exhaustive list. You'll find that, by the way, in the exercise files. But this lesson should help you get your creative juices flowing as you ponder possibilities. Here are six primary categories for income diversification. First, investing. This is something that most people understand and plenty participate in. There are a lot of things that you can invest in from your traditional stocks, real estate, and gold to more unusual investments like sneakers, farmland, or fine wine. Next, consulting or offering a service. This could be work you already do professionally that you offer on a freelance basis, or it could be a passion that you turn into an income stream, like working as a wedding photographer or a home stager. Instead of offering a service, you could sell digital or…
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