Relying on one paycheck is risky. High earners almost always diversify their income sources because it provides more stability and creates multiple paths to reach six figures.
Look for ways to combine income from different sources. Start with a full-time job in a high-paying field, then add a side hustle or freelance work that uses your existing skills. Once you’re more established, look into passive income options like real estate rentals, dividend stocks, or creating digital products that sell while you sleep.
The math is simple: making $75,000 at your day job plus $25,000 from a side business gets you to six figures without needing to earn it all in one place. This approach gives you more security if one income stream temporarily dries up.
Another way to build wealth is by investing in income-producing assets. Stocks, bonds, real estate investment trusts (REITs), and even high-yield savings accounts can provide passive income streams over time. While some of these require more involvement than others, they all help put your money to work rather than sitting idle.
