As an average American myself, I’ve had a few jobs under my belt. I was a child caretaker, a carpenter, a car salesman, just to name a few. I’ve always dreamed of firing my boss. I knew I could do better with my life. If I am able to help someone else make money, why can’t I do it for myself?
Now the problem that I’ve noticed in America is living paycheck by paycheck. Now we all have a choice. You can continue and be content with what you earn. Or you can change and live a better lifestyle.
Reality: Do we all have equal opportunity? Absolutely not.
There are people who are born rich because they have very wealthy parents. While many people have to work for their success. There are people who just so happen to get rich for being in the right place at the right time.
I want you to do yourself a favor and forget all of that because those are things we can’t control. Now, let’s focus on what we can control.
I remember growing up, my parents would preach this to me: Eric, it’s not about how much money you make… It’s how much money you can keep at the end of the day.
It was an eye-opener because none of us are created equal.
However, there is ONE major difference between the rich and the poor!
Rich people usually have multiple income sources while not so rich people usually have one.
I’ve interviewed a couple of my friends in regard to why they only rely on one income source. Why not expand and start an online business? Their response was quite shocking and that’s why I decided to write this article.
This is the answer they provided me with…
“Running a business even if it’s online is far too risky. I run the risk of sacrificing time and energy and it doesn’t guarantee success.”
Do you feel the same way? What I’m about to say next will really open your eyes!
It’s very risky to rely on one income source because what happens when something goes terribly wrong? There’s a saying, “Don’t place all your eggs in one basket.”— Now that’s risky!
What you want is to have money coming in from multiple sources, so if one goes wrong, you have the backbone of other income sources to support you.
In a sense, you are actually more at risk by not taking the risk of finding yourself an extra source of income. Crazy right? You risk by not taking the risk.
Life is all about taking a risk. At any moment, you risk losing your job and not earning a paycheck. You risk your life every single day when you’re driving. Since money is so important… how come you’re not willing to take a risk to make more money?
Now the question is, are you willing to put in the effort and take the risk to make more money. By the way, I don’t mean gambling at a casino because I don’t support that at all.
I have an opportunity that I want to show you with the following risk factors:
- You risk spending many hours of your day with no results.
- You risk losing your initial investment ($10-$15/year for a domain and $49/month for the training platform)
The only concerning risk for you is probably losing the initial investment and I totally understand. Nobody likes to spend money on what’s not guaranteed. But then again, there’s no guarantee in winnings from a casino either.
Running a business is different, it’s not like gambling at a casino. You can’t run a business with zero investment. It’s not possible! If you think it’s possible, please let me know in the comment section below.
If you compare the initial investment between a local brick and mortar business and what I’m about to show you… You’re pretty much-investing peanuts to have a business of your own.
With that being said, let’s talk about the risk of spending many hours of your day with no results. This can happen because it all depends on you.
Ask Yourself: Are you willing to accept the fact that it takes time to grow a business? Are you willing to accept that you will not be making good money at first?
If you are searching for a way to make money fast, you will actually end up losing money fast. There are many programs available on the internet that promises to get you rich fast, but do they actually work?
This gives you the ability to make money from multiple sources rather than one.
Here’s some good news for you!
I’ve included a direct URL to my Wealthy Affiliate Review that allows you to build 2 websites with hosting included for free. There is a premium upgrade for serious individuals who really want to take action.
What you will be creating is the foundation for your online business. Once you’ve established that, you can start to provide information and content that promotes products and services.
I also earn money passively through Google AdSense.
What happens is if one of these products or services decide to shut down. I’m still going to have money coming from the others! That my friend is the goal!
Before we conclude this article, I also want to mention one more important difference between people who are rich and people who are poor.
Rich people take action when they see an opportunity.
When you don’t take action, you will not see results. It’s just that simple.
It’s like you’re telling me that you want to become a doctor. Great, but have you taken action as to how you’re going to get there?
Did you enjoy reading this article? Do you have anything you would like to add to this article? Help me out by sharing this article on your social media, so your peers can also learn how to create multiple sources of income and turn their dreams into reality.
Do you have any questions, please kindly leave a comment on the comment section below and I will try my best to help you out.