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Foundations Of Success 16/30: Multiple Streams Of Income - The trickle of many waters becomes a raging river [Video] MUST WATCH!!!

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Foundations of Success 16: Multiple Streams Of IncomeThe Road To Wealth is paved with multiple streams of income. On average, most millionaires have 7 streams of income.What does this mean to have “Multiple Streams of Income?”It means that instead of relying solely on your job, or one source for income, you build into your life projects, ventures, undertakings, and investments that all pay you simultaneously.This act of building multiple income streams in your life frees you from the restrictions and burdens of a single pursuit and also allows you to learn, build, develop, and apply new skill in a variety of practices to better solidify and understand the principles that lead to success.Three Types Of Income:The three types of income streams that I want to focus on are: Passive, Active, and Investment.Learn that Profits are better than Wages. Wages will earn you a living. Profits will earn you a fortune. If you can work full-time on your job, and part-time on your fortune, that’s exciting.Wages come from trading your time for money. You’ve only got a limited amount of time, and therefore, on some level, your wages are capped at what you currently earn/hour.Profits however, are unlimited. If you can learn how to make even a single dollar in profit, in any venture of your choosing, you can then scale that venture up and there is no limit to the amount of money you can make.When you rely solely on your wages to make your fortune, you can wait it out for promotions, raises, and perks, but it’s a long long road. Much better to find a side passion that has the potential for profits and put your efforts into that while earning a steady income from your job. All it takes is a little extra hard work and creativity. And that’s what you’re learning to use by studying the Foundations Of Success.Work full-time on your job and part-time on your fortune until you earn more from your part-time than you do your full-time.Having multiple streams of income is crucial to financial success. Not only will you have more income by creating new streams, but by creating new streams and trying new ventures, and learning to make them profitable before you move on to others, you will gain so much valuable knowledge that will only serve to propel you forward in all future and current projects.The Average Millionaire has 7 sources of income. How many do you have? Don’t worry if you aren’t up to par just yet, but keep this in mind as you move forward through life. You should always be looking for new business opportunities to explore and profit from.The key, however, is not to get stretched too thin, or to lose focus on the most important streams of income that will get you to your goals. Millionaires have also earned the right and the ability to have 7 or more different sources of income. They have learned to give enough focus and dedication to a new pursuit until it’s grown enough to levearage themselves and outsource to the process to either workers or VA’s (Virtual Assistants). This takes learning and practice. You should be in the midst of figuring out 1-3 businesses at all times, no more, no less. ----LEARN THE FOUNDATIONS OF SUCCESS: http://www.lifestylebillionaireclub.c... ----Limitless North is a personal development channel that breaks down success secrets, tips and tricks for small businesses, self employed business owners, and those who are looking to become inspired, motivated, disciplined, and driven. Here you will learn new knowledge, new skills, tips, tricks and marketing hacks to grow your business, improve yourself, and increase your performance in life. We'll explore goal setting, building inspiration, increasing your income, working smarter and harder, and many more concepts of personal development. Success leaves clues and all of the knowledge in the world is at your fingertips. For things to change, you've got to change. Success is not limited, and we all have a right to be rich. Follow this series and I will teach you to become wealthy. Your future is limitless.------------------------SUBSCRIBE--------------------Never miss a video, and join the Youtube personal-development community. Start living life to the fullest: https://www.youtube.com/channel/UCJT8...

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