income diversification Quotes

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.

The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.

I never stopped making pictures. There were times when more of my income was coming from other sources, and I had to devote more time to television and movies and records.

I'm not complaining. I've made a very good living from boxing, better than any living I possibly could have done. Having said that, you don't live the rest of your life off the money you make in boxing. You still have to create positive forms of income.

In todays uncertain economy, the safest solution to be wealthy, be in total control and enjoy freedom for you and your family is to have multiple streams of income.

Let's face it, we're not about to earn our way to wealth. That's a mistake millions of Americans make. We think that if we work harder, smarter, longer, we'll achieve our financial dreams, but our paycheck alone-no matter how big-isn't the answer.

Never depend on single income. Make investment to create a second source.

Ultimately, multiple livelihood opportunities alone can insulate farmers in rainfed areas from the debt trap.

Fortunately, artists can live off their works, if you're creative at how you do it. If you just depend on the videos and the radio, you're at a loss.

I've devoted a lot of my time and effort during the past few years to developing my advertising copywriting business to the point of where I can support my family and don't have to depend on writing fiction for my income.

Don't depend on acting as your sole source of income. Work nights, so you can have your days off to attend auditions. Have something to fall back on. That's what my mother taught me, and it's critical in Hollywood.

Never depend on a single source of income.

In the course of the twenty-first century what may be called the "capital wage" could be added to the labor wage and the social wage, so that middle-class Americans - not merely an affluent minority - might derive income from three sources rather than just two.

Since it's no longer my singular source of income, I've withdrawn from fashion spaces a bit. However, I still have a deep love for fashion and want to continue to work with designers and houses that inspire me - like Rick Owens, whose show I would no doubt walk in again if the opportunity arose.

My wealth doesn't come from offerings alone.

I think for women especially, you need to have a plan. I need to have some other ways to generate income, so I don't have to stretch my face or lift the top of my head with surgery or something.

Every time somebody has thought of relief for the farmer it has been to make it so he could borrow more money. What he needs is some way to pay back. Not some way to borrow more.

I'm always looking for additional revenue streams.

I've never relied on one job and usually have a few different gigs going.

That might be the old model: to get a fixed fee. You have to start to think about other models and how they can generate interest - what it can do for a brand in the future - and about the fact that revenue can also be generated in many other ways... Just look at the one and a half million people at the free Rolling Stones concert in Cuba. And Cuba is not Central Park! So just use your imagination as to what kind of revenue can be made.

If you're looking to freelance, just get as many gigs going as you can, and you can make it work... It's about getting as many side projects as possible, keeping as many balls in the air as you can, and what you're doing, basically, is diversifying your portfolio, with the same kinds of rewards. One falls through, and you still have another one to work on.

Let's say you're all worried about student-loan debt and you need to have steady income. That doesn't have to be your everything.