Create Multiple Streams of Income

The road to financial independence can be travelled gradually and steadily. The key is to create multiple streams of income.

There is no need to give up the day job immediately rather capitalise on your off- work time using it wisely to create other sources of revenue.

Easier said than done! I hear you saying! Here are some top tips for finding the right income streams:

Look for something that can be done part time preferably from home with minimal travel required
An online business that can be conducted in a virtual environment
An already established business that offers a partnership deal for selling the product, so that you have virtually no start-up costs and an established industry reputation
support system of customer product/service provider and customer support
Chose one that has no start -up costs or large joining fees
Businesses that are not merchandise heavy that is selling physical products and having to deal with inventory. This can be time consuming and slower to build to levels of desirable compensation
Businesses that are not complicated, fairly straight forward and do not require masses amounts of training
And most importantly where the compensation is such you could realistically work towards financial independence with the time you have available

9. A business that is focussed on helping people rather than just making money.

Motivation plays a key role, your why is vitally important for success.