In the box to the right, plan a strategy for combining these pen investments (diversifying) to increase your
earnings even more over five years. Explain how diversifying could increase your earnings. Continue on a
separate sheet of paper if necessary.

Diversifying your sources of income can help you achieve financial security. It can protect you from losing money due to layoffs, illness, disability, prejudice, and other factors. "Having many sources of income can drastically improve your potential to accumulate money and/or save for retirement." Passive income can work for you while you're sleeping, and it can help you grow wealth. A diverse income can safeguard you against losing your primary employment or other economic downturns. Diversifying your income by adding active income, such as driving for a ride-share firm or starting a "side hustle," can help you pay off debt and save money. However, it necessitates a time investment. Investing in the stock market, owning rental property, or starting a web-based business are all ways to generate passive income, but do your homework first.