“The good life is expensive. There is another way to live that doesn’t cost as much but it isn’t any good?” Spanish Distiller
Multiple sources of income makes sense now. Several years ago multiple sources of income did not make sense. People were more interested in retiring from their jobs because they believed in longevity. The last eight years has shaken up people so much to the point they are desperately seeking ways to earn money and multiple streams of income.
Bob Proctor recommends multiple sources of income. He calls it M.S.I.
First way to earn money is trading time for money. 96% of the population earn their income in this manner. When you run out of time you run out of a way to earn income. You put in the time and you earn according to how much time you put into it.
The second way to earn money is to invest money to earn money. 3% of the population earn their money this way. This is spectacular if you have the means to invest but you also have to the the skill to do so.
The third way to earn money is to leverage yourself through multiple sources of income. This is the way 1% of the populations earns money and according to Bob and Linda Proctor it is this group that earns 96% of the money.
Do not confuse multiple sources of income with a job. Multiple sources of income is not a job. Also do not confuse multiple sources of income with affecting your primary source of income (your job or your primary business). Multiple sources of income should not interfere, hinder or stop your primary source of income.
Earning money today is about informing you how to earn money in several ways. Leveraging yourself and your efforts is by far the most genius thing you can do. Find ways to add to your income through starting multiple streams of income.
Examples of Multiple Streams of Income
- write a book ( I am writing a book now)
- network marketing
- direct sales
- affiliate marketing
- take your gifts, talents, skills and abilities and create a products
- start an internet marketing career (my favorite)
- sell on amazon and eBay ( I do this as well)
Take a free presentation tour here
P.S. Only a certain percentage of people are interested in my primary business because it is a high ticket business with $1k commissions. However I also train and coach people to set up sales funnels and business systems for their business. Every business owner needs a business system. A business system is a repeatable process that produces a profit. Do you have a business system set up for your business? IF not take a free tour here. It cost $1