How To Have Multiple Streams of Income
How To Have Multiple Streams of Income
How To Have Multiple Streams of Income
Streams of Income
The Key to Winning Every Race .
We can experience incredible result in any endeavor we
undertake, and any goal we pursue. Studying the lives
of many of historys successful people, I observed that
every one of them achieved what they set their mind at
by utilizing one simple yet powerful skill diligence.
DILLIGENCE
This skill is key to achieving the impossible. It is
what Thomas Edison, Sam Walton, Warren Buffet,
Bill Gates, J.Paul Getty, John D Rockefeller, etc.,
employed to achieve what they became as
individuals. The skill is diligence. Diligence simply
put, is a persistent and smart working effort
towards something. King Solomons definition of
diligence is quite different as seen in the book of
Proverbs 20:11
S
H
A
R
SHIEL
E
D
MAKE
INVEST
SAVE
CONTROL
VALUE
VALUE IT
Knowing the future value of every lost or squandered
Naira. Below are what I call Rockefeller Lesson of
Value:
a)Necessity of Work: When you earn it you
value it
b)The Importance of Charity: Give away the
first 10%
c)The Need for Saving: Pay yourself the next
10 %
d)The power of Accountability: Account for
every Kobo
CONTROL IT
To gain control, set up a simple system for organizing
your financial life. Plug up the leaks and block the
drains. Turn on the faucets. This is the Bathtub theory
of Economics
To plug up the leaks :
Pay your silent partner 10%
Pay yourself the next 10%
Pay your tax
MAKE IT
SAVE IT
The key to Financial Planning is cash flow
management
Get the faucet on, get the cash to flow
into your bathtub
Manage the leak
Two meanings to the word save:
a)Payless for your purchases
b)Create Surplus
INVEST IT
One thing that keeps many people from
achieving success is the fear of the unknown
. Knowing where and how to invest is key to
making the right investment decision . Risk
is essentially the glue that binds us to the
possibility of success . Seek knowledge and
Get Understanding
Take a Shot at Investing
SHIELD IT
SHARE IT
CONCLUSION