Multiple Streams of Income

Multiple Streams

There have been many different people describing their being focused on just one business at a time as the reason for not taking a look at other things.  I find this almost humorous were it not for the fact that such as approach can, in fact, be detrimental to financial independence.

That approach means that one can’t walk and talk at the same time.  That listening to music presupposes that it is impossible to drive a card or work other tasks at the same time.  Both must be dependent upon different areas in the brain to allow simultaneous tasking.

Likewise, to say that when applying the 10 foot rule to talking with people you rule out the possibility that one person may not find appealing a product based networking opportunity because you are only interested in selling a service based opportunity.  Or consider the possibility of an affiliate based income opportunity when you are focused on a binary networking business.

The old saying that different strokes for different folks is as true today as it was in the past.  It is for that reason that I feel it is essential to have more than one opportunity to share.  Business is built on relationships and to exclude from a business relationship a person who might be perfect for one and not for the other between two opportunities is absurd.

So put a couple of different things together that you feel comfortable with.  My personal examples are a health business, ASEA, that merges well with my past medical history and networking with Xango.  I’m also looking at a company with a telemedicine aspect to it.  Lyoness is a no brainer because the cashback is a loyalty program everyone can do.  Gold and silver programs are different as much as they are alike.  The commonality is, however, that saving in currency is doomed.  Business on the internet with some people is a hot commodity.  The Stage-It  web business is able to promote all of the above and more.  Then there is always the Matt Lloyd, MOBE, my online business empire, which is for the higher income seeker.

All of these examples do not detract from one another.  They complement each other.

“Never depend on a single income.” ~ Warren Buffet

“The richest people in the world look for and build networks. Everyone else looks for work.” ~ Robert Kiyosaki

Many of today’s millionaires attribute their wealth and success to having multiple streams of income. I’m sure you’ve heard the saying, “Don’t put all of your eggs in one basket.” Nothing could be truer in this day and age. Never rely on just one source for your future. If you lose your job today, or the business you own doesn’t thrive, what will you do? Find what you are passionate about, what you really love, and use that to solve a problem or to fill a need.

If you’d like to see what I’m doing to insure for my family’s future, take a look here at KnoMe. KnoMe will work alongside any existing job or business, helping promote you first, and then your product or service. People do business with people they know, like & trust, and this is the tool that will accomplish that. KnoMe reaches people where they are at – right on their phones! And the coolest part – you get paid for sharing. Not selling, not convincing, not recruiting, JUST sharing…….can you imagine if you’d gotten paid to share Facebook???

So, what’s holding you back? Follow the link below and Take the Tour. You have nothing to lose, and possibly everything to gain.

TAKE THE TOUR

I would appreciate your thoughts and sharing.

Thoughts on the Year

Thoughts

Last year when I was obligatory blogging on a weekly basis for a course that was life changing, I got away from blogging on this page which has been the basis for many of the things that are important to me.

I spent time realizing the value of family and also the value of pursuing the healthy habits that hopefully will allow me the ability to live to my delegated end point in relative functionality and mental clarity.

Here are some of the things that interested me.  The ability to network for business through social media has been of mixed results.  There have been some home runs and some awful looking whiffs.

The Whiffs

I am closing the business of Merchant Cash Advance partnership and not renewing any of the accounts which are non-productive.  I brought in the only accounts this year and feel that it’s not worth my time to look at that as a major income producer.  There is too much of a food chain ahead of me and I don’t like being the bottom feeder.  Commissions on the bottom are really not worth the effort.  The competition is fierce and I’m not looking to create a new wheel of fortune in the financial world.  l

I also have happily become involved with starting to save gold in the Karatbars program. There will be much to learn and I’m aware that all that glitters isn’t gold. Silver is also attractive but I haven’t found a program that will do everything that Karatbars does.

I’m looking forward to 2015 with anticipation and joy.