Posts Tagged ‘ideas for success’

5 Reasons You Need A Multiple Stream Of Income

More than ever, creating multiple sources of income is essential to keep a constant flow of cash for your immediate needs, increase your purchasing power and fund your desired lifestyle.

The concept of diverse sources of income is more profound in this age. The internet is a leveler with several decentralized platforms offering people the opportunity to make passive or active income either by selling products, trading, or offering services from the comfort of their homes.

Aside from having financial protection, earning an extra income also gives you the leverage to pursue your passion, travel far and wide, explore the world, and might be the opportunity to move from financial dependency to being independent and sufficient.

If you ever desire to create multiple income streams for yourself, the reasons below will reinforce the desire to commit to that plan.

Financial Independence

Having extra income sources helps you to be financially independent of your primary income or rely on anyone to live your dream life. It puts you in a position where you do not have to work to fund the lifestyle you desire and the absolute choice to decide when to retire.

You have control over your time, the type of investment, and your commitment. It allows you to spend enough time with your family and friends and more time to rest and enjoy while you don’t have to worry about making money or the financial cost of your lifestyle.

Diversification Of Investment

Multiple income streams allow you to diversify your investment portfolio to minimize risks. With money coming in from different sources, you can choose to invest in other enterprises or businesses from the various cash flow sources to generate more revenue, so in the event of a disaster or loss in one investment, you can have another that will make up for it. According to a famous phrase, “do not put all your eggs in one basket.”

Financial Security

If you work a 9-5 job or run a business, it is best to create other income sources to mitigate the impact of the loss of a job or failure in your industry. With much instability in the corporate world amidst the economic recession, you can not assure the safety of your job. It is best to be prepared for the inevitable by having income from other sources aside from your job.

Fund Your Dream Life

If you want to achieve the dream of living in a penthouse, going on vacation in exotic destinations, or timeout on a yacht, then you must be smart enough to create multiple income sources to fund those dreams.

The chances are high that you may not realize your dream life if you keep up with only one source of income. Rather than worry about the dream, designate a diversified income source to cater to your vision.

More Time To Enjoy Your Life.

When you have income from different sources, it affords you the privilege to be your own boss, a chance to plan your life the way you want. You can choose to pursue your passion, spend more time with your family, or even retire early to travel the world.

Creating multiple sources of income takes time, hard work, and dedication to build, but if you commit to the plan, you are on the right path to achieving financial sufficiency.

There are many options you can combine with your daily job or your business. Find the right one that fits your schedule. Even if your monthly income covers your expenses, it is still best to supplement it with other income streams.

Are you interested in trading in the capital market, or do you want to invest in properties in the UK? I can help you. If any of the above interest you, book a free 30 minutes with me here and lets about helping you create multiple streams of income.

5 Secrets To Help You Create Lasting Wealth That Will Outlive You

Wealth is beyond fancy cars, gigantic mansions, exotic holidays, and yachts. Wealth is a wise investment that yields profits and substantial returns. It takes a commitment to wealth-building strategies and investing in people.

A famous saying goes, ‘’a generational wealth begins with a risk-taker,” but so is generational poverty.

The great disparity between the rich and poor in the world is a testament that there are secrets to creating lasting wealth that can withstand the test of time and drastic economic changes.

Taking a clue from wealthy people reveals that creating lasting wealth is a long-term goal that requires planning, perseverance, and commitment. Simply wishing to be rich without taking cognizance of the secrets of wealth creation adopted by the successful upper class of the society is just a futile endeavor.

Therefore, if you desire financial stability, you need to understand that there is no get rich quick scheme anywhere. Becoming wealthy is the accumulation of resources over a lifetime.

Consider the points below and apply them to your life to experience a turnaround in your finances.

Financial Responsibility

Financial responsibility is a skill and mindset that manages available resources to make plans for the present. It is a lot of decision-making that requires critical thinking and risk-taking. To achieve financial stability and create lasting wealth, you need to be prudent in judiciously spending and managing your resources.

Realistic Expectations

While investing in properties or the stock market, maintain a realistic expectation of your return on investment. Do not set your hope too high, losing sight of external factors and changes in market trends.

Many people expect a far more yield on investment than the average expectation, which might lead to incurring too much risk. According to Economic Times, “there is nothing wrong with hoping for the best from your investments, but you could head for trouble if you base your financial goals on unrealistic assumptions.”

Money Management

Creating lasting wealth involves budgeting, saving, and managing expenses. It helps to create a clear financial path to follow. Make a plan to create a budget for all your costs.

Consider your financial standing, pay off your debts, and create funds for emergencies. Keep records of your finances and evaluate the reports to evaluate your progress.

Mindset

Developing a wealthy mindset will get you closer to attaining financial prosperity much more than you imagine. Creating multiple sources of income, controlling your expenses, and making a suitable investment are all products of a wealthy mindset. Be positive in your ability to increase your revenue and judiciously use them.

Get A Mentor

In the words of Isaac Newton, he said, “If I have seen further, it is by standing on the shoulders of giants.” Learning from the experience of those who have walked the path of attaining financial stability and building lasting wealth is as important as creating wealth. A mentor helps you to understand mistakes they made along the way, advises you, and sets you on the right path. Get a mentor that has your growth in mind.

Everyone desires wealth, whether as money in banks, properties, or investments. The difference between the people that eventually create wealth and ones that don’t is action.

The road to creating lasting wealth is long. Therefore you need to arm yourself with the secrets discussed above to reach your financial goals. As a wealth coach, I can help you on this journey. Would you like to book a free 30 minutes appointment with me? Click here now.

How to Make 2019 Count…

Congratulations…

We all made it to 2019.

I’m so excited about this brand new year. It is another 365 days of opportunities for you and me.

This year, I will be sharing ideas that will make 2019 a great one for you. But today, I want to challenge you to be grateful for everything that you have.

8 Simple Ideas to make 2019 an amazing year.

1. BE EVER GRATEFUL

Be grateful for this New Year 2019, because many did not make it to this year, but you and I did. Learn to be grateful every day of your life for everything, and to your creator until you take the last breath.

Gratitude has its blessings.

You’ve got another 365 days, so use this wisely.

2. DREAM BIG

I need you to dream big this year.

Don’t make small dreams, because you don’t need little dreams.

You can dream Big!

Create an empire in your mind, believe God for the miraculous, and nothing will be impossible.

Also, make sure to be crystal clear of what you want in this year 2019, and aspire for something great that you haven’t experienced before.

3. BUILD GREAT RELATIONSHIPS

Make sure to build great relationships by identifying and belonging to new tribes.

Iron sharpens iron, look for people going where you are going and join them whether it’s a professional group or association, find people who are doing great exploits, people you can reach out to when you need a guide.

4. INVEST IN YOURSELF

Invest in yourself by feeding your mind with great ‘nutrients’ from books, seminars, training, online videos on YouTube, audiobooks from Audibles, coaching programs, mentorship and so on.

This is how to grow.

If you do not invest in yourself, your income cannot increase, so this year 2019, don’t forget to invest in yourself.

5. BE AN ACTION TAKER

Take actions.

Whatever your goals are this year, make sure you’re taking baby steps one after the other. Start doing what you want to do.

Keep moving, don’t stay static. This year is going to be an amazing year, and it’s going to be a challenging year, but it is going to reward action takers.

The ones who make plans and execute them, because doing and not just planning is what will differentiate you from others in 2019.

6. GIVE BACK.

Identify two, three, or four people you can be a blessing to this year, it could be a charity organization or an individual, just make sure to give back. Invest in them because the young shall grow so whatever you know, deposit this in them.

7. DECIDE TO CHANGE

In 2019, nothing will be different from 2018…but the only thing that can change is you. If you don’t change, nothing is going to change.

The year is going to move so rapidly, so put your mind to changing for the best. Appraise 2018 and identify areas where you didn’t do well, but don’t see those things as failures but as experience needed to navigate 2019.

8. TAKE GOOD CARE OF YOURSELF THIS YEAR

Your health is important.

As you have heard, health is wealth. So do not joke with your well-being. Make sure to see the doctor occasionally or regularly depending on your need. And be aware of things like your blood pressure level, cholesterol level, your weight and all.

Also, make sure to always eat and sleep well. As you do all these I believe God that there would be a tremendous change in your life and you will be a success story that I would want to talk about this year.

God bless you!

Four Great Ideas to Make 2017 Your Best Year Ever

For some of us, the past year, 2016 was an amazing year because we were able to achieve much of our goals. For this reason, it is not enough to rest on our oars; you need to keep scaling our efforts to achieve even much more.

Nevertheless, I want to share with you four great ideas that will surely improve your life this year. However, I strongly believe that an investment in yourself is what will make the difference for you in this year, 2017. It will give a complete turnaround.

First, you need to become a reader. It can’t be overstated that readers are leaders, if you haven’t been reading habitually; this is the time you make that change. Reading has the ability to change your life drastically, moreover, it is easier to read now than ever with the advent of audio books that can played when you are driving or doing other things. I challenge you today; at least, read one book a month, which is twelve books a year, when you do that, you will be better than your peers. Trust me.

Second, educate yourself; you need to spend little money to attend seminars in your area of expertise. The purpose here is to get you ahead of the pack, to become part of the top 1% of your business category. To achieve that, you need to learn and network. Therefore, I encourage you to pen down seminars, workshops and trainings that will give you learning and networking opportunities. Remember, iron sharpens iron; you need to be connecting with people who are going where you want to go.

Third, review your experience regularly. You want to know the things that are working for you and those that are not, in order to avoid repeating same mistakes. Doing this, gives you an ownership of your life, it helps you improve by eliminating the things that have not worked by focusing on the ones that are working.

The fourth great idea for you is that you need a coach, you need a mentor. I cannot over emphasize this; my income has increased drastically because I have mentors in my life. I have mentors in different aspects investing in my life every day. You need a coach because he or she has worked the journey you are about to work, they can hold your hands and tell you what is working and what is not working, instead of committing your life to trial and errors.

And finally, whence you’ve acquire all this experiences; I want you to be able to lift others up, because success without a successor is failure.

Mayowa Oluyede