Do you think is important to have a PLAN B in our life?

[Elaineng]

I personally think that it is important to have a PLAN B in our life so that we are able to retire early. Not only that, with a PLAN B, we do not need to worry about retrentment issue. Worrying that you would be retrented one day and you do not generate anymore income and financial become an issue to you.

[scang]

yes, agreed.


It is important to have multiple streams of income, so that any one stream, esp. if the primary job is lost, the other streams of income can and will tide the person and family through

[AdonciaTang]

scang:

yes, agreed.


It is important to have multiple streams of income, so that any one stream, esp. if the primary job is lost, the other streams of income can and will tide the person and family through

Agree. You need plans to back you up in case it fails. Its never too plan to plan, but its too late to plan when it fails.

[Elaineng]

AdonciaTang:

scang:

yes, agreed.


It is important to have multiple streams of income, so that any one stream, esp. if the primary job is lost, the other streams of income can and will tide the person and family through

Agree. You need plans to back you up in case it fails. Its never too plan to plan, but its too late to plan when it fails.

Yes Adoncia and Scang, gald that have people have the same thinking as me. What do you all do to earn your second income streams?

[3Boys]

I’d love a Plan B. Though I’m in the process of building one it’s much easier said than done!

[pacetone]

Yes, it is always easier said than done. Please share your plan B.


TIA

[Sallye]

Elaineng:

AdonciaTang:

[quote=\"scang\"]yes, agreed.


It is important to have multiple streams of income, so that any one stream, esp. if the primary job is lost, the other streams of income can and will tide the person and family through

Agree. You need plans to back you up in case it fails. Its never too plan to plan, but its too late to plan when it fails.

Yes Adoncia and Scang, gald that have people have the same thinking as me. What do you all do to earn your second income streams?[/quote]yes please share a plan B!

in life, we always need a second plan.

[scang]

Elaineng:

AdonciaTang:

[quote=\"scang\"]yes, agreed.


It is important to have multiple streams of income, so that any one stream, esp. if the primary job is lost, the other streams of income can and will tide the person and family through

Agree. You need plans to back you up in case it fails. Its never too plan to plan, but its too late to plan when it fails.

Yes Adoncia and Scang, gald that have people have the same thinking as me. What do you all do to earn your second income streams?[/quote]There are a couple of areas you can have multiple streams of income.

It is all about gaining the necessary knowledge and applying them.

PM your contact if you want to discuss on it.

[AdonciaTang]

Elaineng:

AdonciaTang:

[quote=\"scang\"]yes, agreed.


It is important to have multiple streams of income, so that any one stream, esp. if the primary job is lost, the other streams of income can and will tide the person and family through

Agree. You need plans to back you up in case it fails. Its never too plan to plan, but its too late to plan when it fails.

Yes Adoncia and Scang, gald that have people have the same thinking as me. What do you all do to earn your second income streams?[/quote]Investment.

[scang]

AdonciaTang:

Elaineng:

Yes Adoncia and Scang, gald that have people have the same thinking as me. What do you all do to earn your second income streams?

Investment.

Yes, that is definitely a form of passive income, if applied correctly.

Same goes for many other forms of mutiple streams of income.

What is important is the right mentor to teach and guide you, and also the right team, or group, who you can consult, discuss, give and get good advice, and encourage one another.