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22. How to Plan for a Recession

Financial Feminist

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How to Diversify Your Income

Think about diversifying how your income comes in. Do you not just have a nine to five job, but do you have something where you can make money doing five hours of work on the side? When I was a social media manager in my nine to five, I had her first hundred K. Her first hundred K was my secondary source of income. And my third source of income was my stock market earnings. That might not be as applicable in a recession, right, but that it is a form of additional income. Your high yield savings account interest rate may not be a lot, but at least it's something. Think about how you can be not just reliant on one source of income

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