Why You’ll Need Multiple Steams of Income in 2013 and Beyond
I wrote this article for you today about why I believe it is so important to setup multiple streams of income for you and your family. With the recessions that has been lingering for the past few years, the stock market and families life savings depleting right before their eyes, people are struggling. Through the struggle, they are keeping their options open when it comes to making extra money.
How to Setup Multiple Steams of Income
There are millions of ways to create multiple income streams. If you do a quick Google search on the subject, or how to make money from home while still keeping your job, everything from network marketing to actual pyramid schemes will come across your screen. Obviously always do your research before you pull out your credit to join anything, and if it sounds too good to be true… well, you know the drill.
Here are some of the things I have done since I have invested into my financial education and decided to setup many streams of income to play it safe.
1. A Home Business: As you can probably tell just by browsing through my website for a few minutes, I love network marketing and home business. I am not here to recruit you into my awesome company either, just letting you know that if one of your friends approaches you and invites you to a hotel or home meeting to check out his Amway or MonaVie business, do it. When I went to my first Amway business I told myself I wasn’t going to join and it was a scam. But once I researched it and found out about all the people making extra money each month, I had to join! Look where I am now! Ha ha…
2. Create a Product: So for those of you who know me, you probably know I am the author of the book Create Your Own Economy. Its my lessons and tips when it comes to home business and how I build them. I wrote the book one time, but it will continue to bring me and my family money until I am long gone. So if your a writer, musician, or have some skills you can turn into a product or invention, DO IT! You can do it! Its not as hard as it looks just get started!
3. Buy Gold & Silver: So now you guys are probably like come on Joe I want information on how to make extra money not spend any more! Well I would say that buying gold and silver will bring you capital gains if you buy it now, and hold it until shit hits the fan.
Since I have started buying gold and silver, I have made between $10-$20 per ounce, just depending on when I bought that certain coin or bullion. But simply by purchasing and holding the physical gold and silver, I have made a return based on commodity prices going up. Gold and silver is ALWAYS a safe bet. Whether the economy is going great, or were in a great depression… silver and gold will ALWAYS have value! Think about that!
I hope you have enjoyed this post! Any more ideas to add here for earning more income? Leave your thoughts and comments below!
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Author of Create Your Own Economy
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