The need for (and ease of setting up of) multiple streams of income
Robert T. Kiyosaki, in his best-selling book, Rich Dad, Poor Dad, defined wealth as ‘A person’s ability to survive so many number of days forward…or if that person stopped working today, how long could they survive?.’ Though wealth is relative, the problem is, with the current global economic ‘crisis’ (depending on how you choose to look at it), that definition of wealth becomes EXTREMELY important. Now, more than ever, knowing what tomorrow holds financially, for anyone, is as good a guess as anyone else’s. Achieving ‘wealth’ to a level that satisfies an individual thus becomes very important, in light of the uncertainties of the general economy.
By the definition of wealth, how many people can safely stand up and be considered wealthy beyond a month? 2 months? 6 Months? A year? Statistics show that 90% of the world’s riches are held by only 10% of the population…….by this alone, it’s safe to assume not many people can get the ‘wealthy’ stamp on their foreheads.
Being wealthy gives one the much needed financial freedom many people only dream about, as well as a personal economy that thrives, no matter what direction the general economy takes. Imagine having the freedom to spend time with your friends or family, to do all the things you ever dreamed of, without having to worry about the uncertainties of losing a job or where you will get money for the next month. Imagine just being free to do what you want, when you want, and not feeling obligated to go to work for example. But how can you achieve this? How can this feat be accomplished? The answer….Multiple Streams of Automated Income!!
Picture a stream flowing into your doorway, but instead of a stream of water, picture a stream of money! Picture 2 streams….picture 10 streams! Or picture a pipeline of money, not oil, flowing into your doorway…..picture 10 of these pipelines flowing into your doorway. Picture streams or pipelines of money flowing towards you, and all you have to do, is take the money to the bank. (Don’t get me wrong……you will need to put in some work initially, to set up these streams or pipelines; nothing comes completely free, but when you work for it, it will work for you, and it will work very hard for you).
We have entered the information age, and not everyone is consciously aware of this. The industrial age is gone, but many people still think in the ways of that age. That age was defined by working hard, based mostly on an individual’s own efforts…..the information age however, is about working smart. Setting up multiple streams of automated income with an industrial age mentality is an uphill task that many would shudder to even consider, and in many cases, is a slow process. With the advent of the internet however, achieving multiple streams of income becomes much simpler and within the reach of many. Traditionally, to set up a stream of income (a business for example), one would need an idea, large amounts of investment capital, a physical location, such as an office or a store front, inventory, employees, product suppliers, and so on and so on. With the information age, many of the expenses associated with these variables have been greatly reduced, or in some instances, eliminated altogether; you will hardly find a greater form of leverage than this. Imagine, instead of a store front or office, you have an inexpensive web site (your own piece of internet real estate), where you can sell a product on behalf of someone else. It’s effort on your part (effort in the beginning, but after that, your piece of internet real estate can work for you 24 hours a day, all year round), and no product of your own. After setting up this single stream of income, you perfect it, then, set up the next one by repeating the process, which you will no doubt have mastered by now. How many of these automated income streams do you think you could set up? If each stream pays you an average of US per day for example, how many would you need up and running, to cover all your monthly expenses, i.e., to become financially free? At this point, do you think you would be wealthy to a level that is appropriate to your individual situation? I do believe so! Do you think you would have any need to worry about a job, or the general economy for that matter? I believe not. With the ever-evolving nature of the internet, the possibilities for multiple income streams are limitless.
The industrial age has come and gone, and now the internet age is upon us. Will you be a part of it, or will you continue to have ideas of an industrial age long gone? Learn more about how you can set up your own multiple streams of income that will get you financially free and on your way to living your dreams.
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