The importance of income diversification.

Dear readers, this time we will address a financial issue but described from our point of view through the empirical experiences we have acquired over a few years. The focus of this manuscript is mainly on countries where inflation levels are high and it is not enough to receive a public employee salary since the price of food, medicines, spare parts and the payment of public services, which is not the case in Venezuela, since they are not canceled.

Based on the aforementioned, it is important that we set short, medium and long-term financial objectives, because to achieve our economic balance we must be clear about what we want to achieve and we have learned that you cannot live solely on a salary that does not allow you to achieve all the goals you have, because unfortunately money has become the fundamental basis of society to materialize the objectives that arise.

In this same order of ideas, a strategy that you can implement when you have some capital to invest in different businesses, and markets to look for options where you can get passive income, because, this will allow you to get different yields monetary, in addition to if this should occur any financial problem in some of the investments, the other could serve as life saving financial, in a few words to diversify not only allows you to earn more money, but it ensures you maintain your stability in difficult times.

To get experience in the management of our finances sometimes you have to go through difficult economic moments, as was our case two years ago, since, our income came only from our salary as teachers, this undoubtedly generated a great learning and allowed us to focus on achieving our financial stability, we started by selling our vehicle and with that capital we invested in a business that is intended for the sale of food, which has allowed us to maintain a constant cash flow and all the profits that are obtained are reinvested, because the objective is to make it a bigger company and it thrives in the long term; these goals are feasible because it is not our only source of income.

On the other hand, we have our agricultural blog on Hive which has become our most valuable investment on the web because it not only allows us to socialize our knowledge in the agricultural area, but it is also our best investment since it allows us to generate weekly income for publications in addition to passive income through saving sbd. We also generate income through other small technical and academic consulting ventures, logo creation and in the long term we hope to channel income through our most promising project, which is the elaboration and commercialization of organic fertilizers, taking into account that we are in a purely agricultural area.

Dear readers, in addition to everything we have mentioned, we still generate income as university professors, which is something we do by vocation and that having diversified our income and investing intelligently allows us to continue doing what we like, which is to train the generation of the future in agricultural issues, also taking advantage of this market downturn we also managed to invest a small percentage of our salary fortnightly in some cryptocurrencies that we consider to have potential, such as hive.

Undoubtedly, diversifying income can achieve that we maintain our economic balance, but for this, we must remain disciplined to manage our finances intelligently, in a country with high inflation this has been our experience that we consider to have been successful in overcoming all the difficulties that arise, when the Venezuelan economy grows we hope to be able to live up to the commitment and also have significant growth.