Multiple Income Streams

by Brion Lau

A few months ago, I referred to Napoleon Hill’s comment about making your money work for you.  Instead, a majority of us find ourselves working hard for our money.  As Kiyosaki says time and time again, we’re trained to get a good education so we can get a job.

Other wealth gurus tell you to save more than you spend.  With those savings, they also tell you to invest your savings to produce more cash through appreciation and/or cash flow.  However, these experts never really tell you what to invest in for various reasons (including potential liability).

Since I am not a certified financial planner, I can only tell you some of the ways people I know are developing multiple income streams so their incoming cash flow exceeds their expenses.

1. Our Salary – This is the primary way most of us start out with a steady cash flow.
2. Real Estate Investments - Taking their savings and credit history, many we know then invest in both appreciating and cash flow properties in high growth markets.
3. Stock Markets – Others invest in mutual funds, EFTs, and direct stocks.

Now, I’m going to share some non-traditional investments where people we know are investing even as I write this article:

1. Oil and Gas – I’m not talking about oil & gas stocks; we’re talking about direct participating in oil and gas wells.
2. Notes & Private Lending – By lending their own cash to an investor, private lenders can ask for a higher interest rate.
3. Investing Directly in a Business – People are either starting their own business or investing directly in private businesses.

How do you find out about these type of investments?  Networking.

By investing in yourself (education and expanding your network), you’ll be able to develop multiple income streams so you have more money coming in than going out.  Even better, multiple income streams allows broad diversification of your funds to compensate for any potential loss incurred through any given investment.

Here’s to your wealth and success!