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Steps To Create Multiple Streams Of Income For Yourself - My Experience - Career (2) - Nairaland

Nairaland Forum / Nairaland / General / Career / Steps To Create Multiple Streams Of Income For Yourself - My Experience (22915 Views)

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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Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by JaiyeOOI(m): 3:10pm On Dec 28, 2018
kalex0:


please do you k ow anything about Amazon affiliate marketing

please reply ASAP

ccJaiyeOOI
Not really that's different from what i do
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by molon23(m): 3:11pm On Dec 28, 2018
I honestly want to learn software development. Any help?
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.

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by kalex0(m): 3:15pm On Dec 28, 2018
JaiyeOOI:
Not really that's different from what i do
how can I learn this please i really want to
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by OLAJADON: 3:16pm On Dec 28, 2018
BiafraBushBoy:
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/

nice one
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by FrankTalk1: 3:18pm On Dec 28, 2018
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by janejive(f): 3:19pm On Dec 28, 2018
OP what is a liquid portfolio?

1 Like

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by franchasng(m): 3:26pm On Dec 28, 2018
BiafraBushBoy:
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/

endorsed!

This is very informative.

Even if you are working in an oil firm or a politician like you pointed out, one still need more money because you won't work in that oil firm or remain a politician forever.

Instead, if you are working and earning fat income, then create high earning streams of income that also bring in high income.

You can start a real estate side business of build-and-sell or buy-remodel-and-resell business, you can start developing mini estates and sell the apartments to civil servants and business owners. You can even start a mini oil servicing firm (it doesn't require much to kick start), nobody is too rich to stop acquiring money or creating more streams of income until you are dead cry

Once again, well done for a nicely written article cool

7 Likes 1 Share

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Lizzydavinci(f): 3:26pm On Dec 28, 2018
Ttrrffyyghuuh:
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, sq l(postgres, mysql) and nosql
you'll need to know about deployment, setting up your vps on cloud, (digital ocean, aws, azure)
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


I've sent it again, but if you don't get it please send me a mail
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by SEGLIZ: 3:28pm On Dec 28, 2018
nice one. more power and profit to our hustle ......... in the coming year.
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by HaileSelassie: 3:30pm On Dec 28, 2018
Ttrrffyyghuuh:
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, sq l(postgres, mysql) and nosql
you'll need to know about deployment, setting up your vps on cloud, (digital ocean, aws, azure)
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

Baba, I am quite good with markup styling,and bootstrap, Getting into JS now. I want to major as someone who builds interactive experiences. I need exposure/mentorship/internship. location is Lagos. pro bono. I just need to learn with someone and not get lost. Abeg i fit work for you . na beg i dey
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by LegitDiva: 3:32pm On Dec 28, 2018
Buy already imported footwear's from as low as 1500.

Say no tobmini importation scam.

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Ttrrffyyghuuh: 3:38pm On Dec 28, 2018
Lizzydavinci:



Good afternoon, I just sent you an email
good afternoon ma, i didn't see any mail..
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by b5ive(m): 3:42pm On Dec 28, 2018
I intend devoting at least 60% of my 2019 to improve n grind my skills in software development n programming. I was adviced I start with wordpress. What is your candid advice as a beginner in programming.......tnx in anticipation.
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by KingLennon(m): 3:43pm On Dec 28, 2018
PotatoSalad:
I don't party. I don't have a girlfriend. I'm the first son goddamnit. cry Responsibilities
Then wats taking your money? Is it Nairabet ministry?

1 Like

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by b5ive(m): 3:44pm On Dec 28, 2018
I intend devoting at least 60% of my 2019 to improve n grind my skills in software development n programming. I was adviced I start with wordpress. What is your candid advice as a beginner in programming.......tnx in anticipation.
Ttrrffyyghuuh:
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, sq l(postgres, mysql) and nosql
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
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by daimsy(f): 3:45pm On Dec 28, 2018
This is wonderful.





Meanwhile,

Join our Longrich Bioscience team and get weekly payment.
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Ttrrffyyghuuh: 3:46pm On Dec 28, 2018
HaileSelassie:


Baba, I am quite good with markup styling,and bootstrap, Getting into JS now. I want to major as someone who builds interactive experiences. I need exposure/mentorship/internship. location is Lagos. pro bono. I just need to learn with someone and not get lost. Abeg i fit work for you . na beg i dey

grin grin grin
lol baba i know your struggle, i'm a self taught freelance developer too, but i no fit mentor anybody as i be student..
some companies are actually looking for interns that they can train, i know of some guys that used this route to learn, you'll just need to negotiate a small sum you'll use for your transport to and fro everyday....

try checking for it firms with internship positions, the problem is they might be looking for java or c# devs, so you may still have to learn the js on your own especially the backend (express and node), but never underestimate company experience, you'll really get to work on very large scale projects and understand how these projects are carried out from start to finish
Thats what i intend to do, although i'm a python dev(and i focus more on datascience and ai) and there aren't many python dev positions in nigeria, so i'll still need to learn about java or c# if i need that industry experience

java and c# are popular in nigeria because most companies build using spring or .net for development..
i've heard of one or two that make use of node anyways

long story short, find an it(software dev) company you can intern (regardless of pay for now), its a faster more practical and realizable way to achieve your goals and within six months or less, you should be working on projects for clients


grin grin
sorry i'm assuming you're a student or recent graduate...
i have a feeling i'm very wrong
if you're already working and obviously do not have the chance to intern, then use online courses, that's what i use, udemy especially,
you'll see very good courses with over 4.3 rating for about $10 (N3500 more or less) and you'll get access to materials, and skilled professionals online....

4 Likes 1 Share

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Lush100(m): 3:46pm On Dec 28, 2018
i have 3 sources of income too.
would have loved a fourth one but I had to decline a FMCG deal which though pained me ,
I felt was d right decision after I was not able.

it requires a lot of sacrifice one which most of my colleague think I'm kind of abnormal.

first source: my salary/income.

I hardly touch it now. I move it straight to the second income source to increase profit from it.

risk level: low . Returns .static

second source:
liquid investment: fixed deposit/treasury bill/commercial papers.

the more you invest here the more your profit

risk level: none. Returns: proportional to capital.

third source. oil and gas. (strictly pms).

took out from second income source to get this.

I started with the lowest level available with the help from a office customer I have been serving his process for about 3yrs.

risk level: fair. Returns : very good . currently generates half of my salary every month as income


i intend to buy a house and car in by 2019 or mid 2020 by God's grace.

I sold my car in 2016.

already have the house though just haven't finish the payment.

cc BiafraBushBoy

8 Likes 1 Share

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 4:02pm On Dec 28, 2018
Lush100:
i have 3 sources of income too.
would have loved a fourth one but I had to decline a FMCG deal which though pained me ,
I felt was d right decision after I was not able.

it requires a lot of sacrifice one which most of my colleague think I'm kind of abnormal.

first source: my salary/income.

I hardly touch it now. I move it straight to the second income source to increase profit from it.

risk level: low . Returns .static

second source:
liquid investment: fixed deposit/treasury bill/commercial papers.

the more you invest here the more your profit

risk level: none. Returns: proportional to capital.

third source. oil and gas. (strictly pms).

took out from second income source to get this.

I started with the lowest level available with the help from a office customer I have been serving his process for about 3yrs.

risk level: fair. Returns : very good . currently generates half of my salary every month as income


i intend to buy a house and car in by 2019 or mid 2020 by God's grace.

I sold my car in 2016.

already have the house though just haven't finish the payment.

cc BiafraBus.hBoy

Fantastic bro!!!

Fantastic.

1 Like 1 Share

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by micolaj: 4:03pm On Dec 28, 2018
PotatoSalad:
The only skill i need in 2019 is how to save
Try this by following these steps:

Open your phone browser

Google this book" The Richest Man in Babylon" PDF

Download it.

Invest your time by reading all chapters before 2019.

After you done reading, start following all the advice therein, starting from January, 2019.

5 Likes

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 4:05pm On Dec 28, 2018
molon23:
I honestly want to learn software development. Any help?

If you are in Lagos, then Alabian solutions is the best for you because they are cheap.

Also, software development is a very good course that can make you rich as fvck!!!

Visit this link to see what to learn and register
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 4:11pm On Dec 28, 2018
PotatoSalad:
The only skill i need in 2019 is how to save

Are you in Lagos?

Infact, I have been looking for a good graphics designer for a mega project. Imagine you had the skill.

It is very easy to learn and quite cheap too.

I would recommend you visit this institute if you are in Lagos.

Click here to see the best Graphics Training Institute
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by crea8graphix(m): 4:12pm 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.

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

Click here to learn it

how can we promote our online business?
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by crea8graphix(m): 4:14pm On Dec 28, 2018
BiafraBushBoy:


Are you in Lagos?

Infact, I have been looking for a good graphics designer for a mega project. Imagine you had the skill.

It is very easy to learn and quite cheap too.

I would recommend you visit this institute if you are in Lagos.

Click here to see the best Graphics Training Institute
I am a graphic designer. Would you like to see my portfolio?
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by BiafraBushBoy(m): 4:14pm On Dec 28, 2018
pocohantas:
Very nice thread.
If only you can always be like this grin

Till you understand that people's professional life and social life are two different paths, then we may start agreeing on certain things.

sweetheart, Don't throw shades on posts like this.

Happy belated Xmas
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by sammygrace: 4:18pm On Dec 28, 2018
Kindly send ur WhatsApp number to this mail samgraceone@gmail.com, I would love to have everyone have a private chat with you.
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by whytejoseph57(m): 4:23pm On Dec 28, 2018
pawesome:
I am eager to learn graphics design but where can I go learn effectively
if you are serious we could learn together contact me on whatsapp 08171946214
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by lawrence35(m): 4:26pm On Dec 28, 2018
If you have skills and want to earn more in 2019, sign up for www.cpahub.pro

You can post your skills and specify how much you want to charge for it.


From writing, designing, website development, logo etc
Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by Lush100(m): 4:38pm On Dec 28, 2018
janejive:
OP what is a liquid portfolio?

Fixed deposit/ treasury bill/commercial papers.


https://www.nairaland.com/4928011/steps-create-multiple-streams-income/1#74241656

1 Like

Re: Steps To Create Multiple Streams Of Income For Yourself - My Experience by kunleiky(m): 4:41pm On Dec 28, 2018
This is actually interesting and insightful.
God bless you OP
I really want to up my ICT skills
To make headway into it, I just got a system...I'm learning a lot from you guys here. I pray God help me.

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