So why is it important to have more than one income anyway?
I hear from so many people on a daily basis, people who are in businesses that are not profitable, people in jobs they hate. They don’t know how to make money any other way than what they are doing, selling or promoting. Sound familiar?
Are you still depending on one or maybe two income streams? Do you have more month than money? Are you tired of seeing others live their best life now and nothing seems to be happening for you?
THEN IT’S TIME TO TAKE ACTION!
ANY OF THIS SOUND LIKE YOU?
- I really need help NOW as I don’t want to have another year like this year.
- I see others excelling more than me but I know they aren’t more intelligent than I am.
- If only I had a roadmap or simple game plan to follow, then I know I could do it.
- I need to learn new skills quickly as I need to generate more sales.
- I need a structure and a plan that I can follow to take my business to the next level, help!
- I need to create residual income because I am tired of working hard!
Well, stop! One thing I have learnt in life is that when things are not working out, you need to stop digging. Stop doing what you always do and find another, better way. Ask for help from a mentor or coach, friend or investor.
Are you at a place where you know you should be making more money but don’t know how or where to turn? You have skills like everyone else. You could be making money in multiple ways and investing, so how do you get started?
HERE ARE SOME WAYS TO CREATE RESIDUAL INCOME:
- Property Investing – rental / holiday lets / Airbnb opportunities – there is so much
- Trading – full or part-time with stocks / shares / bonds etc / mutual funds
- Online Courses that do not require your presence
- Books and Ebooks – downloadable or printed
- Products that do not require your presence to sell them
- Formulas or How To’s
- Memberships – both online and offline
- Podcast sponsors
- Cryptocurrency – learn the best system for you
- Franchising / Licensing
The list is endless.
Key: Find out what works for you, what makes you excited, what gives you your reason why. Whatever you choose to use as your residual income sources remember to create more than one. When you decide which one is the best for you, then find a mentor/coach who has already done it, hire them, learn from them, then do the same.
It’s a well-known fact that SUCCESS doesn’t just happen, it takes years of focused work and dedication to create anything that is of substantial value. Entrepreneurs who constantly find themselves entangled by someone else’s big vision usually end up broke and unfulfilled. Commit to yourself first and create multiple streams of residual income – this is NOW the name of the game.
MULTIPLE STREAMS OF RESIDUAL INCOME GIVE YOU:
- Peace of mind when one income fails
- The ability to live anywhere in the world
- The ability to work or not work
- Ability to take multiple vacations a year
- The lifestyle you choose
- A cushion in retirement
- A legacy for your children’s children
- The chance to give employment to people who need it
- Especially property, allows your investment to increase with the rate of inflation
- The ability to fund worthwhile charitable projects
And lots more………
According to recent statistics, the NO. 1 problem facing people over 40 is retirement. What type of retirement will they have? Where will they retire? How much income will they have to live on if they retire early and how will they support themselves through illness or family issues?
Do you know that most retirees can’t live comfortably on their retirement income?
What about you?
Are you going to choose to travel the world knowing your children have been taken care of and go where you want, when you want or constantly worry about money?
YES, the word is out! It’s simpler now to Create Multiple Streams of Residual Income. What’s important though is the structure, work ethic, collaborations and online strategy needed to not only build but sustain your incomes.
Decide to Create Multiple Streams of Residual Income and make a difference at the same time.
To learn how YOU can Create Multiple Streams of Residual Income, click here.