In April 2020, the International Monetary Fund (IMF) declared that the world economy will go into recession, “the worst since the Great Depression” from 1929 to 1933. This is due to “The Great Lockdown” caused by the COVID-19 pandemic.
Thus, more than ever, multiple streams of income are necessary. Because of uncertainties about what the future holds, it’s best to have a source of income for bills, a source of income for insurance, and a source of income for emergencies.
While scientists are still studying the behavior of coronavirus inside the body and a vaccine has yet to be released, people are opting to over-react and stay home. Some have started home-based businesses, home-based work, or their own blogs.