Sunday, 19 December 2010

7 Ways to Create Multiple Streams of Income

Make right choices: I want to share some of my experiences with you not to impress or woe you, but to impress upon you that dreams do still come true. Especially, if you are having the right dreams at the moment. When I was in the university, I often dream about self-reliance. As a result, I tried to blend my academic field towards independence. However, two years after my graduation, I studied Network Administration. This time, with a new dream in mind, which was to become a network administrator or an information analyst. I jumped into the job market, got one in an IT firm, only to dump it six months later when I realized that I had taken the wrong track. Thus the spirit of not having to rely on monthly pay hunted me more than ever. Then, I concluded that there is nothing wrong in obeying ones' thirst. So I proceeded to pursue my initial dreams about earning residual income through creating multiple income streams rather than relying on employer's salary that can hardly make one wealthy.

Take responsibility of your dreams: Becoming wealthy is every man's dream, but its achievement belong to only the determined few who could take up in their hands, the responsibility of realizing their dreams. Wealth for pure wealth sake, can be perceived as greed and that's one of the most negative repugnant factor to the chicken-hearted. Therefore, stand your ground and be sure to defend your dreams and realize them. You are where you are today as a result of your dreams. Your dreams are your choices, therefore, dream big, believe and achieve!

Find Your Passion: Be in tune with the opportunities you are passionate about. Your chances of making it in life becomes too high when you have the right dreams you are very passionate about. Ensure they are big enough. Remember the experience I shared with you at the beginning. I have so much passion about independence, owning my responsibilities, fulfilling my dreams and earning multiple passive income streams. Today I am out of the net of financial bankruptcy.

Focus: This is one major trap for many. Get stocked to your dream. So many have missed it when at the point their friend or parent help them locate a job. Remember jobs cannot make you wealthy. They can only provide you with daily bread. Robert Kiyosaki in his Rich dad poor dad said your employers cannot make you rich, they can only make you poor. And I maintain that residual income is not achieved through jobs.

Motivation: Define your motivators and work by them. A person's degree of success in anything he/she does, depends on the amount of continual effort and determination the person puts in. Whether you want to achieve overall career success or small business success, you must have a burning desire for whatever it is you want to achieve. And unless you're fuelled by passion, it's too easy to experience overwhelming lose of focus and just plainly give up.

Take the first simple step: It is certain that goals are nothing without action. Write your success goals down. Make them specific, measurable and realistic. Carry them about in your purse or wallet. Write down positive affirmations for your goals and glue them on the wall beside your bed, by your living room and at strategic spots where your eyes can always catch them. Some people no matter their level of intelligence and academic status find it very hard to take the first step. So by your positive affirmations the yoke can be broken.

Fulfilling your dreams and earning multiple streams of income: Having taken the six steps above, your next step should now be to develop the right achiever's motivated mindset. Unless you change your mind set with a burning desire to climb to the topmost of the financial freedom ladder. Nevertheless, when you are presented with an opportunity where many other people are having the same opportunity with you, do not pass it over, especially opportunities that appeal to your dreams. Ensure you read articles that can develop your mindset with ideas and experiences of what other people who succeeded did to excel. Uphold a resolved determination to achieve your dream in the shortest possible time bearing in mind that an unfilled dream is like an aborted baby. Then take responsibility for the choices you've made in life.

Article by Georgeline Ukwuoma

To learn more information on how to come out from financial hardship visit http://createyourownfinancialindependence.blogspot.com

Article Source: http://EzineArticles.com/?expert=Georgeline_Ukwuoma

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