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We discussed creating multiple streams of income on The BIGG Success Show today. Here’s a summary of that discussion…
BIGG success is life on your own terms. It’s about entrepreneuring your life, taking full control to design and build the life that fits you perfectly.
Money is one of the five elements of BIGG success. Money ain’t everything, but it sure comes in handy.
Hear George & Mary-Lynn discuss this post on The BIGG Success Show Podcast. Click a player below to listen:
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Show #715″]
Would you put all of your money in a single investment?
Of course not. Financial advisors tell us to diversify our portfolio.
You want a portfolio of assets – we often think of stocks and bonds. But the most sophisticated investors also include alternative investments like venture capital and real estate.
“Isn’t that because they’re wealthy?” you may be asking.
According to research, the people who get rich – self-made millionaires – almost always invest in these alternative investments.
So let’s get back to the point of our original question. We’ve determined that we wouldn’t (and shouldn’t) invest all of our money in a single asset.
So why would anyone count on just one source of income?
Yeah, as in a job.
Doesn’t a job provide more security?
Ask all the people who were laid off and are still out of work.
So what’s the answer?
Don’t put all your eggs in one basket.
In other words, diversify your income just like you would your investments.
A job can be one of your sources of income. We just need to move past this old, tired notion that a job equals security.
You and you alone own your life. Take control of it. It’s a very special enterprise.
And you’re the entrepreneur of your life. You’re in charge of it. Think like an entrepreneur. Don’t try to predict the future. Create it.
The secret to doing that relies in moving beyond just having a job. Who can afford to take that much risk these days?
So you start controlling your future by creating a second source of income now.
You may buy a second house as a rental property. There are a lot of great deals right now. Or you may start your own business.
See what we’re doing. Just like sophisticated investors keep some alternative investments in their portfolio, we’re suggesting you earn some alternative income.
Income that offers the potential for significant returns on your time.
There’s the key – time is another one of the five elements of BIGG success. It’s your most precious resource.
But who has the time for a second source of income?
Nobody.
You will never have the time.
You will never find the time.
You have to make the time to be a BIGG success!
If you’re ready to start creating your future but don’t know where to start, maybe we can help.
Image in this post from Eastop
Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00715-070511.mp3
