Zen Garden > Wealth - Why You Need to Diversify Your Wealth and Why You Need to Do It NOW!

Why do you need to diversify your income and your wealth base? OK. First, it is a SMART move. Ever heard the saying: "Don't keep all your eggs in one basket?"

What if you lost your job? What if the pay packet from that job was the only thing that was sustaining you and your family?

Now think of this... what if you had income coming in from other sources? Would losing your job be such a calamity then? I doubt it.

Having a "back-up" plan is smart. Diversifying your income is smart too. Yet so few people do diversify their incomes. Most people just keep doing the 9 to 5 routine, day in, day out, week in, week out, year in year out. All of a sudden a decade slips by and you are still trudging along the same path. You are no wealthier despite all your toil.

What if you could have an income stream that just kept flowing no matter what you did? What if it just kept producing while you were doing other things? Things like... taking a vacation, goofing off, recovering from an illness or just plain sleeping. That would be a really good income to have, wouldn't it?

Well, those incomes are available. You only need to know where to look and how to set them up. Once they are set up they are done - for good!

Don't you think it would be a real smart move to get some passive income coming into your bank account? Don't you think that a good time to do it would be NOW?

Gary Simpson operates the Turn Debt Into Wealth website. To find out how to DIVERSIFY your income and your wealth base go here: "How to Save $1000's and Increase Your Net Wealth."

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Gary Simpson is the author of nine books covering a diverse range of subjects such as motivation, self esteem, affirmations, self defense, wealth creation and much more. His many motivation and success articles appear all over the web.

Gary Simpson is a 7th Dan karate master who teaches self defense, motivation, self help and wealth building to students around the world through home study courses. You may reprint this article as you include this author credit and an active link to his web site. Finance - Self Help - Motivation - Self Defense - Personal Growth MotivationSelfEsteem.com