6 Reasons You Need an Extra Stream of Income

Money makes the world go ‘round, but how can you get ahead in life and set yourself up for a financially stable future when you barely have enough funds to make it from one payday to another? The answer isn’t winning the lottery or marrying into a wealthy family — it’s earning additional income.

Whether you treat it as a hobby or a second job, adding an additional stream of revenue to your household can help open the doors for greater financial security. If youve never considered it before, the following reasons will make you realize how much youre missing out on by not taking advantage of a unique and flexible business opportunity like ours.

1. Pay Off Debt

The average Australian household now has about $86,000 in debt.

Whether it’s credit cards, student loans, hospital bills or mortgage payments, everyone has some type of debt they’re working to pay down — and it causes more stress and strife in families than any other factor. In fact, 85 percent of people worry more about their personal finances than their own health. Adding an additional income stream could make it easier to reduce your debt by giving you the flexibility to make larger, more significant payments in a shorter amount of time.

2. Prepare For Emergencies

3 out of 4 families don’t have enough money to make it 30 days after losing a job.

Life is unpredictable — literally anything can happen. That’s why you must be prepared for the unexpected. There are numerous ways to calculate it, but it’s generally recommended that a person puts a minimum of two weeks’ pay towards their emergency fund. Don’t get stuck in a situation that forces you to sell off your investments or tap into your 401k just to be able to survive. An extra stream of income could help keep your emergency fund (a six-month fund is recommended by many financial advisors) at a comfortable amount or allow you to create a new emergency fund if you don’t already have one.

3. Save For College

The average cost of living for a student living in Australia is around $26,000 per year and around $104,000 over 4 years. 

With most companies only offering an average of $70,000 a year for recent grads, it’s easy to see how millennials are struggling to pay off their debt. Just do the math. Instead of leaving your children with no option other than student loans, start saving now by working to create a second stream of income.

4. Save For Retirement

It costs over $750,000 to retire at age 60.

Just like you may be preparing for your children’s education, it’s important to put money aside for yourself, too. Having extra income means the ability to secure your own future by saving for your retirement. Even if you’re in tip-top shape, you probably won’t want to spend 40 or more hours a week working after the age of 65, yet this is the reality for many. If you want to be able to kick back and relax in your later years, you have to put in the work now by putting money into a super, IRA or other financial savings plans. Some companies will match what you contribute, but overall, it’s up to you to grow your retirement fund. What better way to do that than by bringing in some extra cash every month?

5. Take More Trips

The average vacation cost for a family of four is close to $6000.

Whether you’ve already had the opportunity to travel or you’ve never really been on a bucket list vacation before, there’s probably more than a few places you’d like to visit right now if you could. It’s tough to put money aside for a family vacation when you’re just scraping by to pay the bills. Think of what a little extra income could do to help make this dream a reality. Even making just an extra $100 a week over the next year could allow you to finally take that epic trip you’ve been dreaming of.

With Partner.Co, you can even qualify for incentives trips simply by working the business and earning an additional stream of income. From destination trips to cruises and more, you could have the opportunity to earn your way on your next vacay!

6. Stay Home With Your Kids

Among married couples with children, 61 percent have both parents employed. 

Tons of parents dream of staying home and raising their children, but there are also a ton of parents who want to support their family with a thriving career that they can actually take pride in. That’s where an opportunity like ours can help change the way people around the world think of earning a living and achieving true work-life balance.

A mobile-driven network marketing business allows you the flexibility of working on your time from anywhere. All you need is a smartphone to create an extra stream of income!

Are you ready to experience financial freedom (or just make a little extra cash for a rainy day)? Join us today!