4 Strategies to Optimize Your Money Stream Now
We’re always looking at models here at BIGG success. Recently, we’ve been thinking about our prehistoric ancestors.
Here’s the progression: BIGG success is life on your own terms. You own your life. You’re the entrepreneur in charge.
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So what if you thought about the family unit like an enterprise? We’ll call it the family business.
Our ancestors had well-defined roles for their family business.
The men largely hunted. The women gathered. The children didn’t just play; they helped. They contributed. They learned about their future jobs.
Everyone was involved in the family business. And there was a genius to its organization.
Hunting was a risky activity. If the right thing went wrong, you could pay the ultimate price – your life.
The returns were intermittent. Some days, there was a BIGG payoff. On other occasions, there was none.
But make no mistake – the payoffs had to come frequently enough for the family unit to survive.
When they came, the family feasted. When they didn’t, the family survived on the gathered items.
Gathering was a low-risk activity. You may get hurt, but you weren’t likely to lose your life from it.
It yielded steady returns. These returns were a nice addition to the family feast when the hunt was successful. On days when there was no kill, the family could subsist for a period of time on what had been gathered.
Two types of income
Modern finance theory works much the same way. It suggests that investors should allocate a portion of their portfolio to riskless assets (i.e. treasuries).
For the rest of it, hold risky assets (e.g. stocks).
Like the family unit of the past, modern investors use this hunting-gathering mindset. Risky assets hunt for intermittent, high returns while the risk-free assets steadily gather income.
The rationale for this is to optimize your money stream. You earn more money given the risk by balancing your portfolio between the two types of assets.
It’s also a clue to optimize your money stream now.
4 strategies to optimize your money stream now
As we said before, BIGG success is about entrepreneuring your life. As the person in charge, you can use the hunter-gatherer model to optimize your money stream now.
Here are four ways you can do it:
Keep your job and start a part-time business
While holding down a job is not risk-free these days, it provides a steady money stream. It’s gathering. You do the work. You gather the income.
In your spare time, start a business. It’s the hunting side. The income you make may be intermittent until you get established. But it will allow you to feast once it takes off!
Build a portfolio career as a business
This is a ramped-up version of the first one. It seems to work particularly well for people in mid-career and beyond.
Instead of trading time for money as you would with a job, turn your expertise or talent into a business.
Instead of only having one customer (your employer), build a business with multiple clients.
Just be sure to not just sell time for money. Sure, it’s a career but why not think BIGG and build a business, too!
Start a business full-time while your spouse holds down a down
Another alternative if you have a supportive spouse is to start a business full-time now. Your spouse can provide the steady income from his or her job.
This is how many couples get started in business. Once the business takes off, the other spouse can work in the business too or start their own.
Do one of the above and invest in businesses
This is the BIGG play. Combine this strategy with one of the others to put your progress on steroids.
Money and time are two of the five elements of BIGG success. They are your two resources.
You only have so much time. You can leverage your time with money.
Instead of working a business yourself, invest in one with someone who does the work. Get your money working as hard as you do. That’s BIGG success.
Want to optimize your money stream but aren’t sure where to start?
Maybe we can help!
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