A number of years ago I interviewed Robert Kiyosaki. Because the photographer was late I got to sit around with him for about an hour and we chated about all sorts of things.
In the later weeks I got to speak with a number of other wealthy people and found out it was not all about money. Most of them spent time on personal development and developing different streams of income.
Add A New Income Stream
For anyone who values financial security and ultimately desires financial freedom, creating at least one additional stream of income is no longer a luxury. It has become a necessity.
Diversifying your income stream is crucial to protect yourself and your family against the unavoidable ups and downs of economic and industry cycles. Because of the financial risks that come from relying on one source of income, such as a job or a business, consider creating at least one or more additional streams to generate cash flow.
If you are an employee your new stream of income should be a business of some kind to allow you to take advantages of the tax benefits etc.
What you need?
When looking for a business you need a few things to help with success.
- Recession proof
- No Inventory No Delivery
- People already budget for it
- Environmentally Friendly
- Everyone uses all of the time.