Monday, October 8, 2007

Multiple Streams of Income

Did you know there are only 3 income earning strategies?

Strategy #1 - What 96% of the population do.
In the first instance, you trade your time for money.

This strategy does NOT work. It has an inherent problem... you run out of time. If you are able to put any money away using Strategy 1 it'll be at the expense of a life. You'll be compromising on the house you live in, the car you drive and the vacations you take, your family time, and more.

Strategy #2 - What 3% of the population do.
In the second instance, you're using money to generate more money. Whether it's investments in the property market or stocks, you make your money work for you through your own business or someone else's and collect the returns.

Simple as it sounds, so few people do this.

Strategy #3 - What the wiser 1% of the population do
This is the most Powerful Strategy of them all... when you Multiply Your Time. In this situation, you're no longer restricted by geographic boundaries or physical form. You've created several revenue streams by creating Multiple Sources of Income (MSI).

Become very familiar with the term "MSI" because it will lead you to complete financial independence.


Wealth Strategies

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