Diversifying your income is the key to survive in uncertain times

I’m writing this up in the clouds having recently been in Singapore. Singapore is one of the most expensive places in the world.

I have been totally disconnected with what the media is saying in the USA and my social media consumption has been at an all time low.

While in Singapore I took a look finally at the news and watched some of my business content creators and it was all about how the economy is on the brink and how a recession is imminent or a major economic crash not to mention world war 3.

Scary stuff. Is it true? I have no idea. Honestly ever since the pandemic I feel like I’ve seen a recession or economic crash article or social media post every week. I think living in fear is a bad thing.

But I do think it’s good to always be prepared for the worst case scenario.

There is a fundamental belief that I have when it comes to preparing for an economic crisis.

The people who live underneath their means are the people who not just survive economic crashes but thrive.

2008 was a historical time where many people lost their homes and entire net worths but the reality is that wasn’t everyone.