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Hey guys! Chronicle living here! So you managed to open the vault?
Well, congratulations! Now it's time to reveal to you five secret habits of the
rich. Let's get this started. Habit number one! Imagine yourself
surviving in a wild and your source of food is mainly by fishing every single
day from the exact same pond. But one day there's no more fish in that pond and
your source of food is now gone. Well this is just like how many live their
lives with just one source of income. When that source of income is affected
negatively, they suffer financially. And here you are you're panicking that your
source of food is now gone and turns out there's another guy not that far away
from you that's actually fishing from multiple lakes and rivers, catching a
multitude of fish every single day! The lesson here is that self-made
millionaires make a habit of not relying on only one source of income so that
habit is to develop multiple streams of income.. The reason is diversifying your sources of income allows you to get through a
lot of economic downturns that always occur in life. These types of incomes are
typically made passively, also known as passive income, which allows you to make
money without your presence and that could be done through many ways such as
ownership in a side business, real estate rentals, stock market investments,
royalties and the list goes on. If you're curious to know more about, that I have a
video that goes into more details about that, so you can check it out, right here.
/əˈnəT͟Hər/
One more, but not this. used to refer to additional person or thing of same type as one. One more (thing).
/ˌmilyəˈner/
person whose assets are worth one million pounds or dollars. Person with 1,000,000 dollars, euros etc. or more.
/ˈinˌkəm/
money received for work or through investments. Earned monies from work, investments or business.
/wəˈT͟Hout/
outside. without it being case that. Not with; not having.