Income Streams

Ah, it’s only a few weeks left until my vacation. After 2 long years, this will be the first time to see my family again and for my parents to meet my little daughter. I am truly looking forward to that.

But for now, I keep working 6-days a week with 10-12 hours a day for over a year straight, and since it’s clearly not enough, I was looking for a small side-hustle to add a 3rd income stream to my situation. Why would I do that?

So far, I have created 2 income streams to support my target of safe and hopefully early retirement:

  1. My day job
  2. Dividend income and the occasional stock sales profit

Having more than 1 income stream is important for several reasons and is being propagated by the best investors all around the world.

Multiple-Income-Streams-604x270

It’s not only about being able to save more but also to protect your savings in case of job loss, illness or when something unexpected happens. Also, some side-hustles might turn into new and larger opportunities at a later point, especially the more one enjoys doing them.

So, I am glad to announce that I was indeed successful and received a great opportunity to expand my passion for the stock market and dividends into a, well, side-hustle. Starting very soon, I will start to contribute as a freelance writer for The Motley Fool Germany.

The Motley Fool is a great resource for information about stocks, markets, and everything one would need to pursue the target of becoming a successful investor. It started off in the US but is now expanding internationally and I am honored to say that I am going to be a small part of it. Really looking forward to this opportunity.

I might need to have to talk to my wife a little bit though and try to explain why I add another 3-4 hours per week on top of my 60-72 hours that I am doing now. I guess this will be the tougher part.

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