Multiple Streams Income
The average millionaire has 7 streams of income. How many do you have?
There’s a lot of hype going around the get-rich-quick industry about how to become a millionaire overnight, but the truth is that most people really don’t want to be millionaires. When some sleazy salesman on late-night TV tells you how he became absurdly rich overnight and “so can you!”, that should set off some alarm bells in your head. You are only setting yourself up to fail if you let other people set higher goals for you than you have for yourself!
I’m not a millionaire by any means, and I believe that at the core, most people don’t have an overwhelming, all-consuming desire to earn a great deal more money than they need to live comfortably. I believe that what most people want isn’t to make $4,302,286,017.92 in five seconds. What they really want is to stop trading their time for money – or at the very least, reduce the amount of time they spend making that money.
Quality of life is the operative phrase here. “Living comfortably” is quite a subjective state of being – it holds different meanings for different people. But what we all have in common is that, unless we are born with silver spoons in our mouths, we go through life trying to find a way to balance our time spent working, with our time spent doing all the things we like to do.
Our days are full of choice and opportunity, and, let’s face it – life is expensive. Through this website, my goal is to teach you to use your wits and your skills to set up multiple streams of income (preferably passive income) in a step-by-step guide that teaches you how to start thinking like a businessperson.
A good friend of mine and I were recently having a conversation about real estate investment. As we were talking, he said “You can make a lot of money in real estate.” Then he paused for a moment, hesitated, and said, “Well, you can make a lot of money in anything… as long as you know how.” What my friend realized at that moment is absolutely the truth. Passive income streams are all about using what you’re good at – what you know well – and providing a product or service to others that they will gladly trade you money for. When you can optimize the way you provide that product or service to the utmost (ie., creating and delivering it costs you very little time or effort) you are able to achieve a degree of efficiency which causes it to become a passive stream of income.