Quote:
Originally Posted by 1000feet  Some millionaries may have seven "streams" of income and some may have seventy - that's something that really depends on the situation and what they did. It's possible to have seven streams of income and not be able to pay rent. I think there's a good chance that if you focused on one thing at a time, you might find that instead of seven streams of $50/month you can actually make that one thing generate real income. Then once that's going on its own you can move on to another or continue building on it to increase the income. |
Ah, yes, I missed out the key word 'average' there.. as in "millionaires have on average seven streams..."
Anyway, yes, I agree. I'm looking for inspiration. I have dedicated most of my time to my first stream of income, and the second is something I work on-and-off, and am expecting to really shine in about six months to a year...
I'm trying to build up a third, fairly automated stream, though. Ideally something I can work on now, and have start paying off in around 3-4 months. I'm not after much, an extra $50 a month I can drop into savings would be nice actually
The only thing is it can't be too time intensive. I have a couple of weekends coming up I can dedicate to it, but after that it will have to survive with minimal input.
Thanks for all the advice everyone. Stocks and shares scare me though :/ I don't really understand how they work.
I think I could invest in a business if I knew the person running it really well... and if it was a small-to-medium business. Hm.
Guess I shall have to go and brainstorm some more :P