The new year brings new goals, hopes, and most importantly, an opportunity to start over. When it comes to financial goals I like to break these down into a long-term financial goal, an investment goal, a paying-off-debt goal and a savings goal that speaks to your hobbies — travelling, for example.
One of my long-standing goals has been to diversify my income source. A few years ago the bank I worked for had to restructure. It was the longest week of my life, waiting to hear if my position was affected or if I was going to be retrenched. I remember wondering how I’d survive should I get retrenched. That experience left me wanting to create other income sources outside my monthly salary. One of the ways I do this is through investing, where you can make money in two ways...
Source: News Formal (newsformal.com)
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