27/04/2023
Create Additional Sources of Income!!
This is something you MUST do to live a brighter future!!
If youâre serious about financial freedom, youâve got to sacrifice some blood, sweat, and tears.
Your 9 to 5 might not cut it. If thatâs the case, you need to step it up and look for money outside your current job.
Some experts recommend having seven streams of income. If you have a 9 to 5 job, congratulations, you have one, only six more to go!
Now, you can look at your sources of income in two ways: active income (trading time for money) or passive income (money that can keep coming in, even while you sleep).
If you TRADE YOUR TIME FOR MONEY, youâre limited by the hours of the day. Here are a few side jobs you can do to earn an active income:
- Become a freelance writer finding jobs on ProBlogger
- Help a business owner as a virtual assistant with jobs on Upwork
- Acquire new skills via online courses for entrepreneurs and monetize.
- Become an Uber driver
- Help with household tasks on Task Rabbit
- Pick up the odd, ocassional job on Craigslist
And more!
If you DON'T HAVE ALOT OF TIME to devote to earning income, you can focus on increasing your income streams with passive income like:
- Starting a dropshipping online store with Shopify
- Start your own custom clothing business on Shopify
- Sell profitable content (blog, ebooks, courses, webinars, audiobooks, podcast, apps)
- Become an affiliate marketer
- Buy properties and rent them out
- Invest in stocks
Fortunately, your seven streams of income can all come from the same source.
For example, if youâre an ecommerce expert, your streams of income can come from creating seven different stores.
And remember: you donât need to start with seven streams, you can build up to it over time.