Have you ever heard that you need multiple streams of income for security?
When most people hear this term for the first time, they understand that this is a much better way to create financial security than it is to earn one stream of income. However, most people don’t quite understand how to implement this wealth building concept effectively.
In this article, you will understand exactly what multiple streams of income is and how to implement this wealth building concept in a way that makes sense for you.
Multiple Streams of Income
Multiple Streams of Income
(These ladies and gentlemen successfully implement multiple streams of income)
Before I get into the LIFE-CHANGING details…
…let me share with you how I used to earn money before…
Back in my junior year of high school, I got my first job as a legal office assistant. This was a pretty cool job to have in high school because it was the same fast food type of job that the rest of my friends had.
I actually worked my way up to $14/hr where I was making more per hour than most of my personal friends at the time, but I quickly realized how much more money was out there in the world. You might have already realized that by now.
Aside from not being able to make a lot of money trading time for money, I also learned the hard way that a job income really doesn’t equal security.
I could see it coming.
When my boss said that “we need to talk in the office,” I knew that my time there was probably going to be at its end. I was right. As soon as I walked into the office, he mentioned that the workload was slower and that he had to let me go.
(…he wanted to hire someone else for less money per hour)
Getting the short-end of the stick at a job that I spent 3 loyal years of my life helped me understand that job security is a joke. Now even though I was ‘just a office assistant,’ I knew that a similar situation could happen to any person at anytime.
Think about it…
How do you ever make money in your life?
You simply have to get someone else who has money to give it to you. Most people who have steady jobs have a boss or a company that will cut them a paycheck.
…Earning money like this means that ONE entity is responsible for ALL of your income!
The moment that you are no longer needed, the company experiences the need to cut back, someone else takes your position, your boss just doesn’t want you around anymore, or any other reason that results in the termination of your position…
You quickly realize that your income was never secure in the first place.
This is where the idea of creating multiple streams of income is born!
The reality is that if you want a secure income,
You have got to have LOTS of different entities always giving you money.
This will mean that if for some odd reason one entity stops giving you money, then everything is ok because you have other entities still giving you money. Make sense?
You want your income to be coming in from a lot of different sources so that the decision of one single entity does not dictate and change your circumstances.
Essentially, you always maintain the power of your life and income.
Multiple Streams of Income – Ideas
Building multiple streams of income online is a great idea!
Most people don’t apply this concept in a way that benefits them the most.
When it comes to building multiple streams of income online, most people will usually go with some awesome online programs where they have a chance to sell valuable products and also build a team of people who sell valuable products.
This popular income strategy is usually based off the network marketing model.
I love this model, and it is very effective. In fact, this is the same model of creating an income that I have personally used to retire myself from the corporate world forever as a 21 year old kid. The model is simple brilliant!
Most people are good up until this point.
Here is where the mistakes begin…
Most people believe that building multiple streams of income through network marketing means jumping in multiple deals where they try to build multiple deals all at the same time.
Can it work?
Is it reasonable?
Most people who are trying to build multiple streams of income like this have absolutely no idea how to influence people to buy stuff. So not only do they struggle with creating one single income, but they don’t realize that people will refuse to follow their leadership if they have not proven their value and look like a peddler in the marketplace.
It’s counter productive.
Here’s my suggestion…
If you are looking to build multiple streams of income within the network marketing arena, just pick one good deal and only build that one program.
You might be wondering how that is multiple streams of income, right?
Well think about it.
Where is your income really coming from when you are selling products?
The reason why I love network marketing and being an entrepreneur is because you can control your income based off of customer sales. This means that your income comes from multiple entities who are continuously buying products from you.
If one customer stops deciding to give you money, it’s ok because you can have lots of other customers who are still giving you money. This is a very important concept!
If you missed it, then back up and re-read again!
In Network Marketing, multiple streams of income is built in by the very design of the model which is why I love it so much. This is also why I am someone who does not jump from shiny object to shiny object.
I ONLY build one single network marketing company which you can find here.
Trust me on this; you have multiple streams of income just by building one network marketing company. You don’t have to have multiple companies in order to successfully implement multiple streams of income.
In fact if you try doing multiple things at once, it may be counter productive.
As an entrepreneur, just pick one good opportunity where you can acquire multiple customers and focus all of your creative time and effort building your own empire.
Multiple Streams of Income – Passive Income
(Watch this video from more ideas on multiple streams of income)
Multiple streams of income is not the only wealth building concept around.
There are many others like earning passive residual income, earning an income detached from time, creating more than 24 hours in the day by working less, etc.
It’s a big shift in the way that you think.
Discovering all of these wealth building concepts for your self is well worth doing a little bit more research. It’s all about growing just a little bit more each day.
I used to be the kid who dropped out of college twice with 5 F’s and 5 W’s, couldn’t make more than $14/hr at a traditional job, and was almost killed in an unnecessary motorcycle accident.
Now I enjoy the freedoms of being able to travel the world and live life on my own terms.
This is because I know what most people will never know about making money.
If you would like to discover how you can implement wealth building strategies like multiple streams of income to drastically change your life forever over the next 60 days, click the link below and fill out the form now.
>>> Click here to successfully implement building multiple streams of income!
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