The term multiple streams of income, implies having more than one source of income.
Never rely on only one source of income, because it can eventually dry up.
Every serious minded entrepreneur who desires to succeed in life, must have a minimum of four sources of income.
These sources of income dont have to come at once; they can come in stages and one could lead to another.
Negative Belief about Wealth
Your employer or Government can make you wealthy.
The above fact is not true, as you have to personally take up the responsibility of wealth creation.
How do I develop a Multiple Income Stream?
This is, perhaps, the most important question any success-hungry entrepreneur would ask.
So many people desire to have multiple stream of income, but lack the knowledge to go about it.
The following are a few tips on developing a multiple income stream.
>>Utilize your hidden Talent/ natural abilities
The Holy bible tells us in the book of Proverbs 18: 16 a mans gift makes room for him, and brings him before great men
If there is one individual I love so much, that would be Gordons- the multi talented gospel artiste/ stand up comedian.
He jokingly shared the story about how he discovered his musical talent, after futile efforts to read Medicine at the Delta State University.
He was so confused that he contemplated changing from Medicine to Pharmacy then to Botany. Things turned around for the better, when he discovered and started utilizing his hidden talents. He started with gospel music, and added stand up comedy to his list of business, when he observed that he had the natural ability to make people laugh.
>>Acquire new skills
To remain in the ever-competitive world of business, one must be able to acquire new skills.
David Beckham, one of the highest paid footballers in the world is noted for his unique skill of taking spectacular free kicks.
This skill alone has earned him millions of dollars in endorsement and also opened other streams of income.
>>Start your own Profitable Business
This is one of the surest ways to secure your future.
According to statistics recently carried out, more than 100,000 people who became millionaires each year all over the world are entrepreneur.
Majority of them are business owners. This implies that if you desire to pursue your goal of becoming rich and having multiple income streams, you have to start your own profitable business.
Nwankwu Kanu, the captain of the Super Eagles of Nigeria, may be a top earning footballer, but he still has chains of business concerns scattered all over the world.
He has more than ten endorsement deals with blue chip companies and other sources of income.
Seven Reasons why you need a multiple stream of Income
** You will never get broke in life
** You will be able to achieve wealth on time
** The risk of financial failure is reduced
** You will be able to maximize your potential
** God wants you to be rich, and the only surest way to achieving Gods financial plan
for your life is through a multiple stream of income.
** You will live a long, fruitful and fulfilled life.
** The future of your generation yet un-born will be secured.
The difference between the rich and the poor is in the way they think.
We must change our thinking pattern if we are to swim in the stream of multiple income.
Take a decision today, to start a business of your own, or utilize that gift/ talent that has been burning inside of you.
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sadjere clement is the owner of http://www.naijamillionaire.com
