Why you should have multiple sources of income

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The fastest way to accumulate wealth is to get money from different sources.

You should make a habit out of this throughout your entire life.

Different income streams will help you get the money to invest in your big future project and will pay the bills.

But how do you do it?

Just keep asking yourself: how can I make more money?

Let’s say you currently work as a waiter in a bar. You could learn to mix cocktails, be very friendly with costumers, and give your business card to some of them talking about your extra gig of cocktails for parties. It is fairly easy to start such a business, you don’t even need to buy the drinks, you will be offering your knowledge of different drinks. If I want you at my party serving cocktails, it’s because I have no idea how to prepare a sex at the beach or the perfect caipirinha, so I have a problem because I want an awesome party, you went and got an education in cocktail drinks, you invested some money and time, and now you can get the benefits.

This is just an example.

You could save money, buy a camera and become a photographer, or so many other businesses, things you know people would want, you just have to solve their problems to get money.

You take some of this money from different income streams and invest in your education in anything you think will bring more money, and keep making more and more.

Stélio Inácio

This text is part of the book Escaping Poverty – 5 Steps to Start your Own Business

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