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262-How Risky is Your Income? Applying the Concepts of Diversification to Wages and Profits

262-How Risky is Your Income? Applying the Concepts of Diversification to Wages and Profits

FromRadical Personal Finance


262-How Risky is Your Income? Applying the Concepts of Diversification to Wages and Profits

FromRadical Personal Finance

ratings:
Length:
40 minutes
Released:
Nov 19, 2015
Format:
Podcast episode

Description

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

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Released:
Nov 19, 2015
Format:
Podcast episode

Titles in the series (100)

Joshua J Sheats, MSFS, 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 business strategy to equip you with the knowledge and inspiration you need to build financial independence.