How to be Wealthy - Part 5 (Increasing Income Streams)

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The quote attributed to Warren Buffett says: If you don't find a way to make money while you sleep, you will work until you die. This is especially more important than ever in these few years of increasing prices and the state of the economy. 

This brings us to the 4th section of the FIRE principle which is to increase our income streams by via passive income or side hustles (while still holding on to their day-job). 

Eventually, the passive income stream or side-hustle became so lucrative that the lucky ones decide to quit and focus full-time on their side-hustle. Sounds believe-able? Well, according to the many videos and blogs, this is a "yes". 


So, what are some of the side-hustles we can do?

Most financial planners will advocate that we generate passive income while holding on to our day job. While it is nice to have a side-hustle, some amount of time and effort is required to set this up which may mean sacrificing time away from the more important things in your life, i.e. family and other relationships.  

So let's do this - we shall start with the ones with little effort and go from there...agree?

To be continued....