Setting up multiple streams of income is becoming a must.
One day i had a vision, or you could call it a mind shift.
I already had a nice satisfactorily compensating profession, but i believed i could do better.
So i started my own modest company back in 2007 and opened a webshop.
I was selling collectible figurines, you know, like the smurfs and other cartoons.
So now i was making some extra income, how cool was that.
3 months later, i set up another webshop.
Entirely different product this time. I was and still am a gadgets addict.
I started offering gadgets/ toys/ gifts.
Currently i run 12 webshops with easy, it takes me about 1-2 hours a day,.
to handle all orders, ship them, invoice them. That's it.
Btw, if you want to explore my webshops , please go ahead, but take note,.
i only ship inside of europe and while most webshops are also available in english,.
my webshop overview is in dutch.
It was my initial step to create multiple streams of income online.
That's right, without even thinking about it, i created a second income stream.
It took me a couple of years to realize what i was actually doing.
Back in 2012, i had my mind shift. I figured out why i needed this 2nd income.
It was an essential step to financially secure myself and my loved ones just in case.
my main livelihood should disappear completely.
If i got laid off, what! What if i would loose my job and my primary source of income?
When it hit me, that's. I was diversifying my sources of income.
I started searching for other multiple streams of income ideas.
Do you still rely on only 1 source of income?
If you are like the majority of people, you only have 1 income,.
it could be your working for an company and have a wage,.
or you already stepped up the ladder and you run your very own business.
Both are great, but they also have one thing in common,.
you have an income provided that you work for your income.
If that income should disappear completely for some reason (getting fired, your company goes out of business,. ).
My friend, you have got a big problem, you don't have any income.
You should be diversifying your income streams.
Most people don't think about their future too much, those are problems for later.
By now you should already know that you have to build your future starting TODAY!
I really want you to SHIFT YOUR MINDSET now!
Let me tell you what your life looks like, correct me if i am wrong:.
Go to school – Get a job – Work your whole life – Retire at 65.
Now allow me to tell you a little story/quote i have read in one of Tony Robbins' books.
Stick with me guys and don't crawl on me if i don't mention it the right way,.
considering that it has been a while since i have read the book.
It used to be very easy. You went to school, got a job, worked your whole life and retire.
Do you realize what retirement means? A promise you would get a neverending income as long as you lived.
This used to work for our grandparents and parents.
By now, you should realise, you can't rely on your retirement plan.
When the average life expectancy was 62, Retirement plans were invented. And you could retire when you turned 65.
Only a tiny percenage would benefit from their retirement plan.
When they invented the retirement plan, there were like 40 working people for 1 person on retirement.
In 2010 this changed into to 2,9 working people for 1 on retirement and by now the average life expectancy it up to 80 years!
Today, you could quite possibly live to be over HUNDRED years old.
Now, do you see what's the problem? How long is this going to last?
Think about it?
Do you currently think you are going to benefit from your retirement plan?
Maybe, but just how much is 1 divided by 2? Yes, half a retirement plan.
And what will that be actually worth in 20-30-40 years if you are still alive?
MindBlowing stuff guys.
Don't have the book yet ? Get it at a discount at amazon
If you live in the USA, you should absolutely read his book: Money – Master the Game.
It will change your life! Trust me.
If you live outside The United States, you also need to read the book.
You may not apply all the things he talks about, but it will be a life changer, believe me.
Heck, just get the book and you are feeding 10 people …
Yeah, all the profits he makes selling the book, he is giving it to charity.
Ok, i need to stop talking about how this guy changed my life and do a blogpost about him.
My multiple streams of internet income.
Let's return to my story, you've seen how i created an extra income stream by starting an e-commerce business.
and how that changed my point of view.
So i went on the internet looking for passive income opportunities.
What i found out, according to the internet, there are millions passive income ideas websites.
out there that promise you the passive income you always fantasized of.
If you were on a quest, just like me, you will know that 99,99 % of these programs will never ever.
make you rich or provide you with real sources of passive income.
You know the type of programs i'm talking about: paid to click, matrix, cyclers, bitcoin programs,.
I soon found out, this wasn't what i was looking for, so i tried out another approach.
I started connecting to like minded entrepreneur, entrepreneur who already were in the.
online money making business and see how they were making money on internet.
Now here's the fascinating part,.
99,99 % of them were in the exact same 99,99 % of those get rich quick programs,.
and they didn't make a bunch of money.
In fact, 99,99 % never made more than $100/ month.
In my search for the best passive income streams i discovered the 0,01 %.
The most important lesson i've learned in my business, is you just got the keep digging,.
keep going till you discover a solution. And i did.
I ran into a guy who informed me about a local investment group, and things started rolling.
As i joined this group of investors, a completely new world opened up to me.
Not only were these guys investing in stocks, but they also introduced me into a whole bunch of other types of investments.
That was the start of my journey to diversifying my income streams.
Now i have multiple paycheques coming from my primary business e-commerce, my stock investments, my real-estate investments,
my network marketing business, my direct sales,
heck, i even make money driving traffic to my business.
If you add up all these income streams, i have more then doubled my old income as employee.
So now, i have a more stable income stream from different sources.
If one of my income streams should suddenly vanish, i don't have to stress about loosing sleep over it.
Simply because money is still rolling in.
The importance of passive income streams.
Securing independent sources of income is great, it's a must have, but having passive income streams is even far better.
You can set up lots of different ways to generate income, but as long as you have to trade your time for money, your income will stop when you stop working for it.
And that's why it is so very important you must attempt to convert your income streams into passive income streams.
My exit strategy is easy, transform as many of my current income streams into passive income streams online.
Please provide feedback below if this blogpost inspired you or at least got your head spinning.
Did you enjoy reading this article about multiple streams of income online ? Now you are prepared for your exit strategy !
Comment below, i would really like to know what income streams you have in place .
Online Marketing , Brand Building & Leadgeneration Strategist for Online Business Owners
Helping Online Entrepreneurs Just Like You Build A Profitable Home Based Business By Leveraging Online Marketing Tools
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