A common mistake many people commit is relying on one source of income. Nowadays when inflation is so high, one source of income is never enough to cover the expenses. Besides in these times of recession, you can never be sure of your job. You never know when you would be laid off. Job security has become a thing of the past.
So the wise thing to do is to create multiple streams of income. You can do so by starting a side-business, investing in some monthly income schemes, taking up a part-time job, online gigs or your online store etc. It’s always better to have an alternate source of income to rely on in case things don’t go well on your job.