Why a Second Source of Income?
Why it is important to have a second source of Income, let me highlight the facts about second source of income. A second source of Income typically means having regular income from a source other than your primary one. This means, if you belong to a salaried class, you might want an income from some other source and if you are from a business class, you might want an income from some other business. You can be as creative as it gets.
A few situations where a second source of Income could go a long way to help pull you through difficult times.
• Losing a Job
• Crashing business
• Planning Investment
• Planning a family
• Crashing Investment
• EMIs (Car EMI, Home EMI, Personal loan EMI, etc.)