Building multiple streams of
income is the career of the 21st
century
There are thousands of ways to create
multiple streams of online income. Multiple
lines of income takes time. Now that you have
started, don't stop.
Some advantages of having multiple income streams:
·
If you lose your job, your income is lowered as opposed to
disappeared.
·
It will help you reach your financial goals faster.
·
It gives you a taste of financial freedom — after all, financial
freedom is basically when you no longer need your job to
cover your living expenses.
·
It gives you greater flexibility and leverage. You’re in a much
more powerful position when you know that you are not
100% dependent on your job to make do.
THINK PLURAL
So, if you're still looking for The Answer, your Big Break,
The One, STOP. Stop thinking in terms of "ones" and
start thinking in terms of multiples. Multiple part-time
ventures (and don't limit yourself to just one part-time
job and one part-time business, the best combination for
you may be two part-time jobs and one part-time business
- whatever works) which, when added together, bring in
just as much or more income than your J.O.B. (Just Over
Broke) and minimize your risk from the vagaries of forces
and events over which you have no control.
Do not rely on only one stream of income
Business which relies on only one source of income is more
likely to collapse. We have seen many "dot com" companies
in last year who ran out of business simply because they
relied only on advertising or selling one product.
