How Easy It Is To Create Multiple Streams of Income

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To date, I am an employee. I got a full time job in a university teaching college students. However, when pay check comes, I am not only getting one. As a matter of fact, I got multiple streams of income.

I’m currently single and I having one job would suffice. As a matter of fact that’s true. However, there was a time in my life when debts piled up and I know for certain that one job is no longer enough as my main source of income. That was my fault back then why I got into debt. Yet, I considered it a blessing since it opened to varied doors of opportunities where I can earn more. My goal back then was to have more income streams so I can pay off my debts. And now that my debts are cleared, I still retain those multiple income streams. The money that I got in the process, I was able to build up my business and crossing my fingers to more businesses in the near future.
In here, I will show you how easy it is to create your multiple income streams.

Start With A Goal

It is always best to begin with a goal in mind as to why will you be jumping to varied income streams. There are other side-jobs that can be very demanding in terms of time and output. If this is not something you would want to do, you would easily back out on the opportunity. However, if you have that goal in mind like what I have before and even until now, you will strive really hard. You may start with simple goals like building up your emergency fund or eliminating debts.

Know Your Capabilities

If you would want an easy multiple streams of income, it is best to know the things that you are really good at. I am into writing that is why I looked for job opportunities where I can land a writing position. It started contractually. I was paid on a per article basis. Then my employer hired me full-time.

Cultivate On Needs

There are jobs that are in-demand right now. You might not have the skill sets, yet, you can always learn. When I was writing back then, I noticed that SEO related tasks are in-demand. Even more, individuals with that position are relatively paid more than writers. Hence, I gathered materials relating to SEO and learn. I watched YouTube videos and read articles online. Then I told my employer I am ready for the SEO job hence I was moved from being a writer to doing SEO.

Look for Opportunities

Perhaps you might ask, where did I find those jobs? Found it online. I search for freelancing jobs and I was able to land to Odesk and Onlinejobs. Then I applied almost every day especially to new posts until I got hired. There are also easy income streams in the form of investments like mutual funds and stock market. But then again, before jumping into unfamiliar territories, make sure to learn it first.

Having multiple streams of income is relatively easy. If you really want to earn additional income, you just have to be resourceful and be willing to work for it. After all, having multiple streams of such can add a great deal of financial stability on your end.

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P.P.S To those doing the 52 Week Money Challenge, it is Week 9 already! Did you deposit the next amount yet?

P.P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too. 

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