Introduction
Maybe you are just starting a Steemit account in order to get a few extra bucks on the side. You are on the right track, as you just created a secondary income stream. However, if you struggle with income and figuring out whether it is better to work one well-paying job and focus all your attention on getting a raise, or to branch out and spend even more hours on less paying time investments. I am here to provide you with reasons why not putting all your eggs in one basket is a better idea. First off, you are ultimately risking more by simply working one job. In fact, I shouldn't need more non-related reasons as that is the biggest reason. The multiple risks that you take with one income source are surely enough to make any sane person reconsider their current financial plan.
1) You will risk the opportunity for drastic income growth.
With one income source, you have one chance of getting a raise or another income growth situation. With 4 income sources, you have 4 possibilities of drastic income growth. If you invest in Steemit and write one post every other day during your lunch break, you will have the opportunity to sell Steem for the current $2.37 and maybe even more if the markets change. If however, you do not decide to take up that income source, you will lose the opportunity to take advantage of the recent price surge of Steem. The more time investments you make the better your chances will be for a drastic income surge. Also with the counter example (not investing in a secondary income source), you run the risk of only one income choice. If your only income source is your job and you are recently demoted with less pay, you have no other income source you can rely upon. This can drastically affect your financial conditions. Don't let it, have a secondary income source.
2) Risk of Loss
The risk of loss, it occurs in most income sources. There is always a risk that something or someone can stop your one income source. If this happens to be your only income source, how are you going to afford your next meal? Here's the answer, you can't. The biggest reason any sane person should consider a secondary income source is because life happens, and if life happens to crap on your job, at least you still have the 1000+ SBD you made on Steemit, and at least you still have the $25,000 you made from making websites or videos for your clients. It is a much safer situation to have two airbags rather than one. Do you really want to risk your life because you didn't install a secondary airbag? So why would you risk your financial status because you didn't invest your time in a secondary income source?
3) Risk of No Choice
I am sure that you think I am using the word "risk" too much but I can assure you that I am not. It is a huge risk not to have a secondary income source. One of the biggest risks is that you may not have the choice of a secondary income source in the future. If you do not invest your time into a secondary income source that requires a lot of invested time, and later feel the need to change into a new income stream, how will you do so? You will be so behind that you will have forced yourself into only one source of income. Allow me to give you an example. You spend all your time working to be an engineer and do not invest in a secondary stream of income via a website creator for example. You do not spend the one hour a day it takes to learn Html, CSS, Bootstrap, Javascript, etc. Finally, there comes a time in your life where you grow tired of your job, or worse your job lacks the need for you. Let's assume that an AI takes over most of your job requiring your employer to pay you less money. How will you pay your bills after you lost a gross of 15% of your yearly income? You will wish you had started that side project of creating websites which would have allowed you the choice to convert your income stream. But you can't. Don't make this mistake. Invest today to reap the benefits tomorrow.
Conclusion
So in conclusion, It is important to invest your time in a secondary stream of income because you do not want to run the risk of lacking choice, growth or the risk of loss. A loss will often occur, but you do not want to take that fall without a soft landing. You want to have the opportunity to grow your income streams and having only one narrows your chances. Finally, you do not want to be stuck with the inability to invest in a secondary income stream in the future because you lack the experience. So go out there and write your next Steemit article, you are only securing your future.
