In this post I am going to discuss… How To Create A Multiple Streams Of Income and it’s importance. MSI – Multiple streams of income plays a vital role in building your financial freedom. I am just going to ask you 5 questions and of course I am going to answer all the five, which will give you some new insights on Multiple Streams Of Income.
Also going to share you with 3 Golden Rules which will help you to achieve great success.
What Is Multiple Streams Of Income?
Dear friend I don’t want to give big definition for this and I want to make it very simple as the name itself tells you… It’s about getting income from different sources actually multiple sources, not just having only one source of income (Your Day Job). Many of us just have one source of income it’s mostly from our JOB. Apart from that if we earn money that’s multiple source of income.
Taking another job will not fix the problem, creating additional pipelines of cash flow is the solution.
Why We Need Multiple Streams Of Income?
“Never depend on single income. Make investments to create a second source.” – Warren Buffet
Dear Friend I personally ask you this question… If you have just one source of income if it fails due to any reason what happens? Chaos, Problems, Struggle, Sufferings etc.
It is always advisable to have multiple source of income because it’s NECESSITY… Yes I repeat it, its necessity. Someone said “Depending on a job to meet all of your financial needs can destroy you one day, instead think of generating income from various sources. Think multiple streams of income.”
Yes multiple streams of income provides financial security. Friend you know very well what’s happening around us and the economic situations and the growing financial challenges, that’s why I said in order to take care of our loved ones we need financial security, for that Multiple streams of income is a necessity.
Never rely on one flow of income – Grant Cardone
So now we know what is multiple source of income and why we need multiple source of income, lets move on to the third question.
When We Need To Build Our Multiple Source Of Income?
You want me to answer this question? In two words? Right now!!! In one word? Immediately.
There is no wrong time in doing a right thing… Do you agree my friend?
If you are getting an income from your job, I would say it’s the best time to build or to start your other source of income. Why I say that? Because this is the time where you can try different options, invest money, learn things at your own pace. To be honest to build a multiple stream of income it takes time so you need to start now. Take Action!!!
From Where To Start Multiple Streams Of Income?
Thanks for the technology and internet….. Yeah you got it!!! I would suggest you from online. There are multiple ways both offline and online, so you can try based on your interest and possibilities and your situation. But I would recommend blogging the reason behind that is I am making money online by blogging and I have seen many people making their living online not only that they are earning lot more in less hours compared to the day job.
In order to learn more and for coaching I would recommend what worked for me that’s Wealthy Affiliate University.
In Wealthy Affiliate you get lot of training, advice, coaching, ideas etc., to build multiple streams of income.
Believe in yourself and take action….
How To Create A Multiple Streams Of Income?
So with the above image you can see the blueprint… Where you are and where you want to go?
Dear friend the first basic thing is you need to have the urge to create a multiple streams of income, by implementing the below 3 rules you can find the ways on how to create a multiple streams of income…
Rule Number One For Creating Multiple Streams Of Income
NECESSITY – Rather thinking of How to create MSI? Where to create MSI? When to create MSI? First determine yourself you need MSI and rest will automatically follows and you will figure out the rest, the problem is, in the first hand we don’t have the interest or we are not aware of it’s importance. But dear friend now we know its importance of course MSI is a NECESSITY.
Rule Number Two For Creating Multiple Streams Of Income
Take Action – It’s about taking action rather knowing and dreaming. This is where many fail. You know the necessity of having multiple streams of income and now you need to take action and create it. The future depends on what you do today so take action TODAY!!!
Rule Number Three For Creating Multiple Streams Of Income – Golden Rule
Change Your Money Blueprint – Dear friend what’s your money blueprint? That is what is your money earning plan for a month? If your money blueprint is set for $500, $750, $1000, $1500, $2000 etc whatever your money blueprint is, the important thing is you can’t earn more than your money blueprint.
It all comes down to this: If your subconscious “financial blueprint” is not “set” for success, nothing you learn, nothing you know and nothing you do will make much of a difference – T Harv Eker
So set your money blueprint high!!!
Want a quick help? I would suggest you…. Whatever your money blueprint is (For a Month)… Add a ZERO at the end – $500 to $5000, $750 to $7500, $1000 to $10000, $1500 to $15000, $2000 to $20000 etc
You know what….
What Millionaire? Are you afraid? Do you think you can’t make it? Believe me we are going to go their…. It’s about how you trust in yourself. Okay if millionaire has seven source of income, to begin or to lead an average life at least we need one or two source of income…. Am I making sense?
So here is the one (Source 1) to start with which will multiply…..
If you are going to implement the above rules in your life surely it will change your life, you can take my word on that. Those are already proven ways so implement it – Take Action
Please share your thoughts on the things I discussed here on How To Create A Multiple Streams Of Income…
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If you have any doubts and queries on the topics I discussed here, not to worry I am here to help you, please feel free to contact me at firstname.lastname@example.org or leave your comment here and I will be happy to help you.