The idea of multiple streams of income
sounds great, yes? If you lose one stream, you have others flowing in still.
The problem is—especially with a lot of entrepreneurial-types—people don’t
think about the kind of income they want to create.
You can have multiple sources of income and
still play the role of worker-bee. Anybody who has had two or three jobs at a
time knows that. Multiple incomes won’t mean much to your freedom if you still
have to work like a dog for it. The difference is between linear and residual
income.
Linear means you work once, you get paid
once. That’s a job. Residual means you work once, and you get paid hundreds or
thousands of times.
How do you know if you’re earning residual
income? When you woke up this morning, were you richer than when you went to
bed last night? If the money flows in while you sleep, this is a good thing.
Duh! That’s always been the goal, yes?
It may sound like another one of those
classic no-brainers, but frankly most people don’t get this concept. They end
up working for years and years, trying to figure out how to make some money,
but don’t ask the question, ‘Is it residual income?’ If it’s not residual
income then don’t do it, because it takes you too slavery, not to freedom.
If you’re going to starve in order to do
something—to create some kind freedom for yourself—then only do things that
will take you to the kind of freedom you want. Most people end up starving
doing linear income, so they have to keep going back to work. And every time
they go back to work, they’ve got to get their daily fix of distraction after
spending all their time making little money for themselves while the people who
own the company they work for take the lion’s share. They don’t have any time
left over when they get home to create any kind of streams of income that can last
while they’re sleeping.
Here’s another problem people have—fear and
uncertainty. You’re not going to know how to do what you want to do before you
do it, and most people are waiting to know enough to be able to take action and
go do it, which will never come.
You didn’t learn to drive a car by watching
a video, did you? You got in the car, sputtered between the brake and the
gas—driving your parent somewhere between frightened and resigned—but then you
finally got pretty good at it. The things you want to do you have to do!
Everybody wants to be a millionaire, but
only a few people will do whatever it takes.
Most people are stuck into these little
straight-jackets about what’s right and what’s reasonable
A lot of people say, ‘Well, that idea I had
to start a business was just a thought.’
Someone else once said, “No thought can
reside in your brain rent free.” Every thought has a consequence. Some of those
thoughts are very expensive!
And they cost our time, our enjoyment of
life. A simple twist in how we look at the income game. How do you maximize
your time and energy? How do you take what is already available to you right
now to the next level?
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