Megan Williams
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Nov, 27

Why Modern-day Life Requires at Least Two Sources of Income

Even if it’s as part of an attempt to escape the rat-race and gain more control over the time you allocate to making your living, modern-day life requires at least two sources of income. The main reason is simply because the mind of a modern-day human being needs stimulation beyond that which is confined to their primary workplace, along with the need to earn more money to keep up with the financial demands of a well-rounded, modern life.

Things don’t last as long as they used to

It’s true. Things just aren’t built the way they used to be. Just compare something like the lifespan of your high-end mobile phone to that of the feature phone you had 15 years ago and you’ll see what we’re talking about. Planned obsolescence has permeated every corner of the consumer market, even with something like furniture not built to last an entire lifetime.

We spend more on the features of anything and everything we’re buying than on durability.

Modern day life is generally more expensive

Things are just generally more expensive, even if you consider their costs without factoring in the likes of the planned obsolescence discussed. All manner of economic factors are at play, such as inflation, supply-and-demand, etc. So we’re made to have to spend more of the money we work hard for, for the same value we’ve been getting all along, if not less value.

How many different aspects of your life do you have to insure, in this day and age, for instance?

Some savings are exclusively available as value-back rewards

Basically if you want to be in on any money- or value-saving channels, you have to spend more money as part of modern day life. You can’t ask for your free air-miles upfront to spend on a free flight ticket, for instance. You rather have to join the frequent flyer club of that particular airline and earn rewards that are redeemable for cash or value you would have otherwise spent money on.

We spend money quicker

As a result of the digitised lifestyle we lead today, money simply gets spent quicker. Fortunately though that’s precisely where you need to look to generate your additional source of income. For example, the same internet connection you use to try out new online slots can be used to generate an income online in ways that go beyond relying on luck, skill, or good fortune.

It used to be that you had to jump in your car to go and try your luck with some slots, whereas today you can just jump online. So in this way, money is spent much faster and adds just one more reason why the modern-day person requires at least two sources of income.

A side-hustle is presumed standard modern day life practice

With all the uncertainty around pretty much any industry you might make a career in, a side-hustle is presumed to form a standard part of anyone’s life. You’d be looked at rather quizzically by someone who learns that you only rely on one source of income, however great that singular source may be.

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