It's true - the more you can earn either by salary or side hustle or in business, means that the easier and more you can save and invest. I love this category and strongly believe in it, because there are so many upsides to a side hustle:
It has no ceiling cap on earnings (there's online businesses making from $100 to millions) especially if you are a salaried employee.
Multiple source of income (other than diversifying your income from
being a pure salaried person, an online business can have 3, 4 or 10+
sources of income from advertising, book sales, affiliate income etc)
it's a Skill that can be honed and repeated (means if you learn how to build one profitable business/website, you can do it again and again)
it's a Business that can be sold for up to 25x of the annual profits (if you so wish or decide)
It can be very, very, very satisfying to do good and meaningful work* (as you serve people and partner and maybe employ others as your business grows, you'd be surprised.)
Yep, investing is like planting your own money trees - with patience, careful selection...every dollar becomes a Dollar Soldier that works for you with only one goal in mind: every Dollar Soldier seeks to earn you more cents and dollars.
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Hello, and welcome to NigelChua.com!
I'm the founder and writer of this site as well as senior hand therapist and director at Phoenix Rehab Group (phoenixrehabgroup.com).
Also husband, father, Christian, entrepreneur and dividend stock investor.
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