by Pree Dammond
Our World has changed, just as our economy has changed. Times are not like they were when our Grand Parents were growing up. The times where you could graduate college get a job and retire from just that one job are over. Statistics show that most people will work several jobs before possibly reaching a career opportunity. A career opportunity is considered to be a position where you can utilized specific skills set through the life time of your employment career. In my mind, I believe individuals should think beyond the ideals of having one stream of income to depend on. It is my opinion that if you truly want financial security, you will have to have a diverse portfolio of income generating utilities.
My Multiple Streams Theory, would support the law of averages, not just in Sales, but as the means to imply that with more income streams coming in; the chances of sustaining financial security is greater.
A few ideas for a multiple Stream Life Style:
1. Become a successful MLM (Multi-Level-Marketing Business Owner).
2. Keep a Job that is supportive, but less demanding of your time.
3. Partnership frequently with other Business Associates who share similar visions.
4. Consider starting businesses that service practical necessities (Barbershops, Law Care, Computer repair, and more).
5. Turn your passions into other means to generate funds.
6. Invest into Bank securities (CDs, Mutual Funds, Bonds, Commodities, Stocks, and more).
7. Take advantage of Seasonal Business Opportunities (Tax Services, Holiday Product Sales, and etc.).
At the end of the day, you have to do what’s best for you. In this competitive market, there’s no room to just do the basics. If it takes time to build multiple streams, don't give up. It will pay off in the end. There will always be different paths to your goal and everyone's situation is different. It’s up to you to decide which direction you are going. In the great words, of my Grand Father, Herman Daniel, “There’s nothing new under the sun so make your imprints last".