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Steps To Create Multiple Streams Of Income For Yourself - My Experience - Career - Nairaland

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Why You Need To Find A 2nd Source Of Income After Your Salary / How To Multitask And Have Multiple Streams Of Income / Your Plan B Source of Income (2) (3) (4)

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Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 10:18am On Dec 28, 2018
Whether you are a student, unemployed graduate, underpaid or a well-paid working class graduate, I will show you how to create multiple streams of income.

If you want to be financially independent, then creating multiple streams of income should be at the back of your mind.

Unless you are a politician or you work in an oil company – of which not even all of them are rich, then you need multiple streams of income to become rich in this country.

Currently, I have 3 sources of income, and I aim to increase it to 5 in the New Year. Does this look like something you would also love to do?

I will show you how I did mine, so you can copy my model to create multiple streams of income for yourself.

Note: It isn’t as easy as I will explain here. You must work hard every single hour and minute of the day. The more input you have the better results and output you will see.

How can you create multiple streams of income for yourself?



Create a Base Income Source

This base income source can be practically anything that gives you money. This might be the hardest source of income for you if most likely you are unemployed or a student and want to create multiple streams of income.

If you have a job already, then you can practically skip these steps and move on to the next one.

One of the mistakes unemployed graduates make while seeking to create a foundational income source is looking for a dream job. It doesn’t exist and most likely would take time even before it comes.

This foundational source of income is designed to help you build your financial bank for expenses that would occur later while trying to create other sources.

It would also remove pressure from you while in search of other streams of income. In essence, any job that pays well is okay for you to start. But remember to keep your focus on the bigger goals. This step is basically for unemployed graduates with no jobs. You can use this and establish your financial foundation.

Learn a skill

This point is very crucial because it will set the pace and open up other sources of income. To be able to make money outside your main job, you must be good at something.

I personally love ICT skills because it requires me to work from my computer during my spare time. It might be okay to start-up other offline businesses, but that would require your presence at the initial stage. This would create a sort of time conflict.

Skills like;

Mobile Application Development
Software Development
Graphics Design
Web Design/Web Development

Learning any of these can allow you to start-up your online company, freelance for people, carry-out projects, and the money will roll in. You can click any of the links below to register for your course of choice. [Links are on the blog, so please visit using the source link and get more information]

Create a Side Hustle

After I learned Web Design/Development and Content Writing, I quickly moved to start-up my own online agency where I carried out projects for clients.

Most times when the jobs became much, I would outsource and employ people to help. That was an easy way to create multiple streams of income aside from my day job. It didn’t affect my day job because I had everything already planned out – unlike if I had started a business.

The good thing about these online side hustles as a means to create multiple streams of income is that it requires little investments (learning fee) and it gives a huge profit margin.

If it costs you 100k to learn software development, a single project can earn you more than 500k in a month. The good part is that your investment fee is a one-time payment.

Invest in Liquid Portfolios

Nothing gets better than investing when you are looking to create multiple streams of income. Every single profit goes to my liquid financial investments. That way it can multiply your finances with minimal effort and no stress.

I have written on the best investments with low capital, high profit, and zero risks, and I believe you can check it out.

Once you have completed the 3-steps as I have explained, you see that you’ve been able to create 3 good sources of income.

Nothing is better than having money entering your accounts from several sources. But the bottom line remains in the fact that you need to have the skill to be able to compete. Whichever skill among the ones I have written is good for you, please inform me and I will give you more information on it.

I wish you a more financial stable new year in Advance – but you have to work harder than usual.

Till we meet again, make sure you subscribe for more exciting posts.

Source link: https://smartlazyhustler.com/create-multiple-streams-of-income/

40 Likes 9 Shares

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 10:20am On Dec 28, 2018
Now here is the trick...

The more skills you have, the more side hustles you can create, and the more streams of income you can have.

Does that sound interesting?

Let's get fired up for the new year.

Mobile App is a growing skill, it will make you so much money if you learn it...

Click here to learn it

11 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by philcz(m): 10:33am On Dec 28, 2018
BiafraBushBoy:
Now here is the trick...

The more skills you have, the more side hustles you can create, and the more streams of income you can have.

Does that sound interesting?

Let's get fired up for the new year.

lalasticlala you've seen this?
More grace and wealth bro, nice one

7 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 10:45am On Dec 28, 2018
philcz:
More grace and wealth bro, nice one

Thanks man... we keep the hustles fired up for more funds in 2019.

Amen!

4 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by philcz(m): 10:49am On Dec 28, 2018
BiafraBushBoy:


Thanks man... we keep the hustles fired up for more funds in 2019.

Amen!
Amen, have a great day
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by SunFlow(m): 11:11am On Dec 28, 2018
More knowledge more wisdom Mr Biafra.



Also Read: List of best Free online jobs and websites you can earn from
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Belexy95: 12:00pm On Dec 28, 2018
Good one
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by pocohantas(f): 2:25pm On Dec 28, 2018
Very nice thread.
If only you can always be like this grin

9 Likes 1 Share

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by ainas247: 2:41pm On Dec 28, 2018
Nice one OP,
Rank your business to Google page and get more clients check my profile
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by KingLennon(m): 2:42pm On Dec 28, 2018
This is quite exhilarating I must confess. OP i love your first comment that's top notch. Am just surprise this is coming from a Bush Boy grin. Nice one Op

4 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by maybachmusic(m): 2:43pm On Dec 28, 2018
create an online hustle

setup something offline to aid it


reinvest your profits online till offline grows bigger

my formula
dexternity + rhinex profits

= pour into real estate

repeat

,,

13 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by GentleMoney: 2:43pm On Dec 28, 2018
Go Farming!!!..

3 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Ruddyman(m): 2:44pm On Dec 28, 2018
Good one
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by deleo16(m): 2:44pm On Dec 28, 2018
Nice one bro
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by pawesome(m): 2:44pm On Dec 28, 2018
I am eager to learn graphics design but where can I go learn effectively

2 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by PotatoSalad(m): 2:44pm On Dec 28, 2018
The only skill i need in 2019 is how to save

2 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by pawesome(m): 2:45pm On Dec 28, 2018
PotatoSalad:
The only skill i need in 2019 is how to save
one of the most difficult things until I met Igbo people.. Those guys know the concept of saving and that's why no matter the situation, they travel every new year

26 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Ttrrffyyghuuh: 2:46pm On Dec 28, 2018
Mobile Application Development
Software Development
Graphics Design
Web Design/Web Development

i don't know about graphics design oo but software development no be side hustle at all, na full time job..
unless you're a wordpress developer
before i got into web development, i be think say na beans because i thought wordpress solves it all and i looked down on the craft..
if you're going to be a fullstack freelance developer, you'll need knowledge of frontend tools,
html, css, bootstrap, javascript, angular or react
knowledge of one or two backend frameworks, django or flask, express and node, .net, spring, ruby on rails, (i think laravel for php, don't know much about php)
you'll need knowledge of databases, sql(postgres, mysql) and nosql(mongodb)
you'll need to know about deployment, setting up your vps on cloud, (digital ocean, aws, azure)(this is a field on its own, it companies usually employ devops to handle deployment(they have certifications for this) but as a freelancer, you need to know about deployment)
no be beans
it may take you at least a year or two to be comfortable as a full stack web developer(comfortable, not a professional!!)
con add general applications development, systems programming and desktop applications, game programming, mobile app development..

unless all you do is build blogs, if you take on an e-commerce project for example (fairly complex), i don't see you being able to combine software dev with any other job thats doesn't count as a "passive income stream"
and when you don't have any jobs on ground, you'll probably be updating yourself with the new technologies that pop up every now and then
(for example few years back there nothing like react, today you can comfortably build a native android or ios app with react native(so why struggle with android, even android devs are moving to kotlin)

all this grammar wey i type depends on if you're using wordpress or not, you don't have to know all these if you use wordpress,(i've never used it before)

software dev is a convoluted field, walai, no be side hustle but its fun and very rewarding especially when your code works after hours of staring at your screen looking for bugs grin grin
baba na full time job abeg

41 Likes 3 Shares

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by KingLennon(m): 2:46pm On Dec 28, 2018
PotatoSalad:
The only skill i need in 2019 is how to save
Then girls and partying must be stopped

7 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by iCauseTrouble: 2:49pm On Dec 28, 2018
2019 is going to be a great year for all of us. Click like to tap into it.

52 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Nicklaus619(m): 2:58pm On Dec 28, 2018
This is one of the most interesting stuff I have read this year. Nice one op cool

2 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by PotatoSalad(m): 2:59pm On Dec 28, 2018
KingLennon:

Then girls and partying must be stopped
I don't party. I don't have a girlfriend.
I'm the first son goddamnit. cry
Responsibilities

8 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by PotatoSalad(m): 3:01pm On Dec 28, 2018
pawesome:
one of the most difficult things until I met Igbo people.. Those guys know the concept of saving and that's why no matter the situation, they travel every new year
Being Igbo won't help when everyone depends on you.

7 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by kryptochats: 3:03pm On Dec 28, 2018
smiley
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by JaiyeOOI(m): 3:03pm On Dec 28, 2018
Nnwanne I buy Stuff for people off amazon and also sell Customised Jerseys
Plus other things
Las las anything you do you need plenty! Customers lots of it and Good Ones Too

3 Likes 1 Share

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Opinionated: 3:06pm On Dec 28, 2018

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Princedapace(m): 3:07pm On Dec 28, 2018
PotatoSalad:

I don't party. I don't have a girlfriend.
I'm the first son goddamnit. cry
Responsibilities

Don't kill ur self o bro.. Life is short. Make out time to enjoy ur self..

8 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by thedondada(m): 3:07pm On Dec 28, 2018
Nice.

Truth is what you first of all need is extra time. If you're employed and work like mad and go home a ghost were on earth will you find the energy to start a second stream of income through more work.

Unless its passive like investments in financial markets that you monitor from time to time, it's just not feasible except your the employer.

2 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Princedapace(m): 3:07pm On Dec 28, 2018
Interesting post op..

Any ways, if u are interested in learning how to earn money online, kindly check out my profile and read my thread on how I make money online.

Freelancing is growing all over the world. It remains one of the best ways to earn side or full time income. To do well as a freelancer, u must learn competitive skill, learn to brand your self, package your brand and send out compelling proposals..
Well, I can teach u all these if u are interested.. Check my profile and read my thread on freelancing
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by kalex0(m): 3:08pm On Dec 28, 2018
JaiyeOOI:
Nnwanne I buy Stuff for people off amazon and also sell Customised Jerseys
Plus other things
Las las anything you do you need plenty! Customers lots of it and Good Ones Too

please do you k ow anything about Amazon affiliate marketing

please reply ASAP

ccJaiyeOOI

1 Like 1 Share

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