First I have to apologise sincerely for my inability to post a message last week. It was due to events beyond my control. First of all, the server where I post my messages was unusually slow and the owners were unable to get it fixed on time.
Secondly, time was not just my friend and flew so fast and I was so busy that I never realised another week had gone by. Even getting this post on has been a herculean task but thank God I've been able to do it.
Once again, my sincere apologies for the delay. I do hope I'm forgiven by my readers and I would try not to allow it happen again. Now to the week's post.............
Have you ever come across any wealthy individual that had only one stream of income? Rarely is there such a thing. They always have multiple income streams. It may be like shares in blue chip companies, several houses on which they collect rents and many other business interests they have.
On the other hand, most people who struggle only have a job to contend with while waiting to collect their pay check either weekly fortnightly or monthly. They hardly ever have another source of income to give them leverage to pay their bills.
It all has to do with one’s thinking. If you change your way of thinking about how you see money, it would surely occur to you that money is not that piece of paper we chase day in day out through physical work. Money has more to do with the kind of ideas we can generate in our minds.
Even if you are an employee as you currently read this piece, take time to study the lives of wealthy individuals. You would surely find that they own or have several investments that yield their fortunes for them.
The reason for having multiple income streams is for the simple fact that where one is having problems with one income stream, the other one or ones are still generating income while one tackles the problems with the faulty income stream.
That way, wealthy individuals are able to leave their lives comfortably, at least financially. If your desire is to create genuine wealth, then you should begin today to think and act like wealthy individuals. Begin to come up with simple ways of generating multiple income streams.
I’m not saying you should start multiple business ventures at once. No, far from it! Begin by writing down all the money generating ideas you have. Remember we’ve dealt with how to do that in a previous post on this blog entitled, How to Create Million Dollar Ideas.” When you have identified the ideas that you are really passionate about, start with only one of the ideas and nurture it with all your attention until it is able to stand firm, in terms of the income it produces.
With the extra income from that idea, begin to implement the second money making idea and so on and so forth. Notice that I have used the word “passionate” to qualify the money making ideas you want to create and implement. Without passion to carry you along, you would soon burn out and loose interest especially where you meet stiff challenges.
Passion would see you through the initial hiccups until you meet your goals on any idea. Determination and courage would make you surmount every obstacle until you achieve your goal(s). Whatever it is that is your goal, you will surely achieve it as long as you do not give up.
There you have another wealth secret!
More next week.
© copyright Gabriel Ama
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2 comments:
So what's been happening? No more posts?
The posts are back and better now. Thanks.
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