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The Economy: What To Do Now

The Business of Authority

CHAPTER

Diversify Your Income Streams

Interest rates are going up. So if you have a floating interest rate, i e, credit card debt on those kinds of things, you want to get those out of the way as quickly as you can while still preserving enough cash in your business. Having lots of different kinds of income from different types of buyers, different parts of the market makes a lot of sense. But there's a point where you could over diversify, but i don't think many people do that. I remember in two thousand eight when i had, i had a bunch of different clients and they got hammered immediately,. Their income went till a cut in half in a month. Ye, real, real rough.

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