multiple source of income

Multiple streams of income

multiple streams of income 

If you are starting you career and you are thinking about making multiple streams of income then don’t do that because you will never get success in anything this is not the right way of making multiple sources of income.

Multiple streams of income is a bad idea

It takes a tremendous effort to build up just one stream of income. It takes a lot of time and effort to just build and maintain one stream of income. If you are the thing to increasing multiple streams of income without mastering one thing

Sometimes you do work on online and sometimes you work on real estate, stocks and many other things but do you really make good money  you did so many things you never learn one thing  properly.

 Jack of all trades master of none

Skill development

Skill is the most important the thing to become successful in everything but most people never work on 1 the skill they want to develop much skill and at the end, they never learn any skill deeply.

  

Example-

Suppose if you are getting training of cricket morning and in the afternoon you are getting training of swimming and in the evening you playing basketball and you are thinking  it will do many things then I can defiantly get success in one at least.

Example,

If you are thinking about making money online and you do a few hours’ eCommerce businesses than a few hours blogging, you tubing and you do 5 things in a day online.

Then how many chances you will be successful or become rich in this way

What you think how good you would be after 5 years, not very good because when you do all the things you cannot give you 100% in anything. You never learn anything deeply. 

As same in business when you have to give it your full-time energy and everything and when you fully dedicate you’re a few years for it and you think I will give it my energy, time, focus and everything in just for one thing.

Now what you think about how many chances are here that you can become something.

Always think to do master in one thing first and when getting successes in that particular thing then think about any other things,

Create multiple streams of income after you get rich

Rich people are rich because they believe in multiple streams of income. Rich people are always increasing their streams of income and you always heard that rich people make money by multiple streams of income they have multiple companies, multiple investments, stocks many businesses and many other things where they make tons of money.

Rich people make them multiple streams of income after becoming rich (don’t understand) let me explain.

Rich people always make money by multiple streams of income but when they started their journey at the beginning they start with one source of income they do master in one thing.

 They make money by one thing and when they become rich and wealthy then start investing in other things where they want to invest.

If you are beginning you business never think about making multiple streams of income because you have be master in one thing which you are doing then think about making any other source of income.

How make multiple streams of income

If you want to be rich then first you need to do make one stream of high passive income. You need to have one skill which you understand deeply and learn it unless you will be not able to master in that skill.

Work on it every day never left learning about that particular thing which you already mastered.

After sometime when you start making money from your skill doesn’t think about any other extra income source unless you start making passive income.

When you start making passive income at least 50,000 per month then think about any other stream of income for you and your family then you can take any risk.

If you want to make multiple streams of income then you should need to make sure you already generating money without any work because if you failed in your other streams of income then you don’t need to worry about how I will take care of my family.