October 8, 2016

Create Multiple Streams of Income

Hi there. I hope you are sitting down nice and comfy because I’ve got something to tell you that you don’t want to miss. So I’ll just dive right in.

Did you know that 80% of employees are unsatisfied with their full time job? How frightening. This happens because their job does not align with their personal values and goals.

When you have a job, you become faced with the challenges of:

Balancing a personal life, having personal opinions and any idea of raising a family
Having to abide by management and the chain of command even if you disagree.
Having to play corporate politics when all you really want to do is earn a living.

Your job starts feeling like hell and you’re working to keep the devil happy so he won’t take away your ability to earn a living.

You begin thinking about what you really want and need. You want freedom. You want to do work that is fun, fulfillment and financially rewarding.

So you begin thinking of ways to get out of the corporate slavery. You start looking for a better job, but fear getting right back in the same thing you are trying to leave. You come to realize that it may be a never-ending search to find the right job.

Now, you are considering getting a degree. But that choice comes with its own challenges such as your inability to afford the expensive tuition, the stress that comes from college debt and the time it takes to get the degree.

You’ve become discouraged thinking there is no way out. You go to the internet looking for ways to make more money. You’ve found many articles that tell you how to make money. Then you stumble upon articles that tell you how to start a business.

Hours pass by and before you know it, it’s time for bed so you can get up in the morning to go back to work. Weeks pass and you later realize that you have been repeating this cycle and have done nothing to change your situation.

Now you have become frustrated. You are suffering from the stress of your job, information overload from all the ideas online of how to make money and fear of failure in considering starting a business.

You need a mentor. Someone who will walk you through the process of transitioning from employee to entrepreneur. Well, you are in the right place. Today I am going to help you take the first step to becoming an entrepreneur.

The first step is clarity. To get clarity of where you are and where you want to be, I’ve put together a list of questions that will reveal what you need to consider before you make this new change. Take your time and answer the following questions below:

Why do you want to quit your job? A new career path? A better life?
What do you want that your job does not provide? More money? Freedom?
How much time are you willing to commit and invest to reach success? How much money? How much effort?
Are you willing to accept the guidance of a mentor to coach you step-by-step?

Now that you have answer those questions, let’s put that list to the side and look at some options. Although there are many options for transitioning, I am going to talk about two of the best ways to transition. The first option is to create multiple streams of income.

Having a job is one single stream of income. This one stream can be taken away at any time without you knowing why. This can cause issues that make life much harder. If you get fired, you could lose your home, your car and sometimes even your marriage and family. Yeah, it happens and it can happen to you.

This is why it is important to have more than one stream of income. When you start thinking about making money…wait…let me just stop right there. Many people use the term “making money” all too often. When I hear someone use the term “make money” I ask them, “How exactly do you “MAKE” money? The first thing they say is get a job.

I then explain to them that getting a job allows you to “EARN” money, not “MAKE” it. Again I ask my question again “So, How exactly do you “MAKE” money?” They just stare in silence. Let’s break this term down for a better understanding.

According to the dictionary, the definition of “MAKE” is to form (something) by putting parts together or combining substances; construct; create. The second definition states the word “MAKE” is to cause (something) to exist or come about; bring about.

From my understanding, it is not possible to “MAKE” money. However it is possible to EARN money. So now that we have cleared that up, let’s talk about how to “EARN” money. Earning money can be as simple or as complicated as you make it.

Although there are several ways to do this, I prefer the smart and simple way. Many people fail at achieving their financial goals because they lack self-discipline and commitment. I want to help change that.

You have the ability to earn as much money as you want, whenever you want and however you want. I am here to help you do it. Now I am going to give you 5 streams of income that you can use.

Got skills from your job? You can offer them to others outside of work for a fee. That’s an income stream.
Got a hobby or two? You can add a price and sell those to people. That’s another income stream.
Remember the interview question about your strengths? You can monetize your strengths as another income stream.
Are you really talented in something? You can get paid to do it for others.
What topics of interest do you know a lot about? You can earn money telling others about it.

Now go forth and create multiple streams of income. Don’t forget to share this article with your friends. Thanks

Wishing you a fun, fulfilling and financially rewarding day,

Antoinette Armstrong,

Your Monetization Mentor

Ready to serve, support and see you prosper.