Monday, March 1, 2010

Multiple Streams of Income

If you are familiar with any of The Secret teachers, Bob Proctor in particular, you will have heard much talk about Multiple Streams of Income. Just seeing the words gives you a pretty good idea of what it means; however, there is more to it than what most people might think.

For example, most people think of getting a second job when they wish to earn some extra cash. Yes, you can do this, but what have you really done in the process of creating this extra income stream? You have exchanged more of your time, your precious time, for money.

As far as I can tell, nobody has any more than the same twenty four hours in a day than anybody else has. In other words, you may increase the amount of money you have coming in, but at what price? Can you keep this up for long without compromising the quality of your work? Would you even want to?

If you read Friday’s blog you will remember I spoke a bit about residual income. This becomes even more important when you consider entertaining the idea of creating multiple streams of income. One thing you want to avoid is becoming a slave to your job or jobs.

Speaking of “job” I heard it is an acronym for “Just Over Broke.” Sounds about right, don’t you think? The fact is, I believe, that everybody has enough talent, skill or abilities to create for themselves an abundance of income in their lives. The thing is we were never taught how to tap into our resources.

Before jumping too far ahead, I would like you to spend some serious time considering what it is that you have to offer the world that can help you tap into this abundance. Don’t think about how you are going to do it just yet. I only want you to focus on your “products” or “services” or “Information.”

Write these ideas down as they come to you so you may free your mind to seek out other ideas. You should be able to come up with a pretty good list without too much effort. I will give you a few examples of what I came up with when I did this a while back. This is only an example to get your creative juices flowing.

Bilingual (Spanish / English)
Teaching
Planning
Reading
Writing
Poetry
Guitar
Keyboards
Singing
Songwriting
Swimming
Travel
Vegetarian


Now I could go on and on with this list, and I actually did when I was going through this for myself, but I think this is sufficient to give you an idea of what you should be putting on your list. In short, put everything on your list that you can think of and think of more! This list is the key to your future results.

The next step is to look at the more difficult experiences of your life. What I mean is the experiences that gave you valuable lessons. Lessons that you could share with others who are going through the same thing you did with the idea of helping them. Remember everything is about service.

Again I will give you a few ideas from my own experiences.

Divorce
Giving up a child for adoption
Being totally broke and deeply in debt
Starting over from scratch
Relocating to another city (or Country)
Learning a new language and culture
Marital problems
Suffering a terrible accident
Homelessness
A new career


If you really put some time and thought into this task, you should have a rather extensive list. You can see that you do have something to offer. Now why are you thinking about what you can offer, when you really only want to get some extra cash in your bank account?

Because money is a medium of exchange. Although this is quite obvious, most people have never really thought about money in this way. Most think about what they could do with money and how much they would like to have some but plain and simply put, you would not likely give somebody money without receiving something you consider to be of equal or greater value. Why would you expect the world to do this for you?

You need to create something of value. Take a look at your lists and you will see that there is something of value there. The next step is to figure out how to turn these qualities into something tangible, a product, service or information.

This is what we will get into tomorrow. Before tomorrow comes, however, do your homework. Make your lists, and make them long. You may be amazed at how much of value you do have inside of you, just waiting for the method to bring it out to the world outside. This is what is necessary to “cash in.”

Until tomorrow,

Jeffrey B. Brandt




All writings here are copyrighted by Jeffrey Brandt. You may not use them without written permission but you may link to the posts or give out a link to the posts.

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