There is no greater feeling of empowerment than that of being able to do what you want, when you want, where you want and with whom you want. Once you have learned and applied the techniques necessary to managing multiple income streams, that is what is not only possible but also plausible . Imagine being in your favorite place doing what you love, even if that is working on your legacy. For me, I like to be out on the lake fishing, I know, boring for some, but hey It’s my life. Now I can set out on the water wait for a bite at the same time I know that there are several different businesses that are constantly working for me. Yes I do have to manage them but for the reward, it’s really not work at all. If you have heard of or have interest in managing multiple income streams, read on to the end and I will share with you some thoughts on getting started or adding to your existing portfolio.
First, let me begin by explaining why you would want to take on even more than what you are already doing, we all know that running just one business is a daunting task and have left many good people with broken dreams and money lost. This may be true and is actually one of the best reasons for having and managing multiple income streams. I will explain using an analogy of water flowing to source and building a boat as the vehicle you get there.
Managing Multiple Income Streams Can Create An Ocean of Abundance
Initially, as water comes from the sky in the forms of rain, snow and the like it immediately wants to puddle up. first one drop and then two and so on, if you watch the droplets they attract each other and as more drops appear they gravitate to the others forming little rivers seeking more water. Then these little streams find more water and make creeks and rivers. Even when the water becomes dammed up and forms lakes and reservoirs, the water still add up and unless properly regulated the water will spillover in search of bigger water, the rivers and then into the oceans where obviously there is an abundance of water.
You might think that it stops there but it does not. The universe knows that the water if left alone would grow deep until there was no more from the lakes rivers and streams and flood all of life. In order to keep water coming in from the sky, the sun heats the water into steam vapors and returns to the clouds to be renewed as water for the ice-caps the rain, snow and the like starting the cycle over.This is how it is with money, as you add drops you add them to other drops to form puddles streams, creek, lakes, rivers and end up filling an ocean, the stream into vapors is gratitude paying it forward and ultimately creating another cycle of drops to repeat the cycle.
Your Boat Makes All The Difference
In order to guide the waters, to make sure they flow where intended, you build a boat to navigate the creeks, lakes river and oceans. The stronger you build your boat the more likely it will weather the storms the currents and all the other things it encounters. should you try to float your boat with only one source of income, not only will it take a lot of drops to float it, but it will likely take a toll on your time, energy and your passion to get to the sea and most likely,you will end up in dry dock, the boatyard of broken dreams. You can avoid some of the pitfalls by investing in yourself and build your boat on a solid, proven foundation or strategy.
This means seeking out those who have been successful in the waters in which you sail, learn what works for them and do likewise. The same goes for the products or services you offer, do your due diligence and be sure that they represent the things that you stand for and are most likely to help you attract others who are or want to sail in the same direction. Managing multiple income streams means investing a good portion of the abundance you receive back into your boat, yourself as well as providing others with tools and resources to help them float their boats. By doing these things you will increase your value to the world and a will be rewarded with the life you set out in search of. Get industry news from Top Entrepreneurs I work with and learn from at NavigatingToWealthWeekly
In contrast, by having only one stream of income, you severely limit your ability to invest in your boat, you have less water to create the force to flow to the ocean and your desire and belief that you will make it to the ocean is stifled. For these reasons, it is in your best interest to seek out the knowledge of managing multiple income streams and build a seaworthy boat to take you to the ocean of your dreams. For more information including how to get started, subscribe to my newsletter at briancharleslewis.com