I’m constantly reminded at how important it is to be well diversified, financially speaking. If you learn only one skill that provides but one stream of revenue, you are ASKING for trouble should that stream become a trickle or worse, be damned upstream.
Now, more than ever, learning isn’t something just done during your school-age period but over your entire lifetime. Unlike the “old times”, you are never too old to stop learning new things to keep yourself relevant in the global economy we all find ourselves into. Competition isn’t locally but worldwide so people can no longer afford to remain stagnant in the head when it comes to knowledge and expertise.
I’m to the point now in my life where I have money coming from several buckets, any one bucket dries-out I’m still fine financially… this is the way to live in the future. The nice thing about having several buckets is the freedom it affords me in making decisions that are relevant to my aspirations and goals in life. I know what I want, and increasingly, have the financial confidence to pursuit it without worrying about financial “what-ifs”.
Diversification, especially in the area of financials, is essential. The more buckets you have to pull from, the more water you can devote to any one idea… increasing the chance of any one planted idea growing into a money tree!