115 min listen
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
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
Do You Need A Budget? Try the same budgeting software that I use and love! www.radicalpersonalfinance.com/YNAB
Are you looking for a financial advisor? Start your search here! www.radicalpersonalfinance.com/Paladin
Would you like to support Radical Personal Finance? Please become a Patron of the show! www.radicalpersonalfinance.com/patron
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
Do You Need A Budget? Try the same budgeting software that I use and love! www.radicalpersonalfinance.com/YNAB
Are you looking for a financial advisor? Start your search here! www.radicalpersonalfinance.com/Paladin
Would you like to support Radical Personal Finance? Please become a Patron of the show! www.radicalpersonalfinance.com/patron
Released:
Nov 19, 2015
Format:
Podcast episode
Titles in the series (100)
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