Monday, April 6, 2009

Multiple Streams of Income

Saturday morning on my way to do a moving job, I thought of this Multiple Streams of Income. I truly understand what that means.

Multiple Stream of Income
This is when you have more then one way of making money. For instance, I am not one that acts of if I have all of these things going on. I have created Multiple Streams of Income.

1. Teach full time
2. Moving Company
3. Tutor
4. Betty's Only a Candle Company
5. After School and Saturday Programs
6. Rental properties

This makes me proud of myself. I live my life daily, but have never stopped to realize that I have things under control. There is extra cash coming in. Organization of finances will help to stay on top and achieve financial freedom.

Think of all of the things you can do. These are ways of generating extra cash. The main objective is to have positive cash flow. Put some extra time toward realizing the person you are, who you want to be, and where you see yourself in the future. The time to start is today. We all have gifts that were given to us, it is up to you to determine what that is. Don't let your gifts go to waste. One day you will wake up and see all of the time has passed you be. Do something with what you have. If you don't use it you will lose it.

My multiple streams of income are just right for me. My full time job is teaching. There I am able to work the after school and Saturday school programs making my hourly rate. My moving company was started because my cousin told me of having my own moving company. The jobs come to me, I don't have to do anything just provide the workers. This is with UHaul, I am a subsidiary of their company. I went online and signed up at Moving Help. I created my moving company name, how much I charge, and how I want to get paid. Very easy wa to make extra cash. Started tutoring a friends cousin. 15.00 an hour. I also make candles that I haven't been promoting. There are something I need to implement with that. I have two rental properties. Losing money in one, but making money in the other. Thinking of changing that one into a personal care home. That way I can make more money and provide housing.

Do what you can with what you have. Always put your best foot forward. Things do not have to be that way always. See how you can create muliple streams of income. It will be worth it in the end.
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