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HAVING ONE STREAM OF INCOME IS NOT ADVISABLE


Image result wey dey for picture of bill gates

Financial pressure is now common in our society today. A young man earning a good salary, he can pay his bills. He gets married and next a baby arrives, next school fees, next the second baby, and many more expenditures increasing.

The young man suddenly realizes his pay can no longer sustain all his monthly expenditure, or that his monthly expenditure swallows up his monthly pay leaving him with little or nothing to save. So, before long he finds himself leaving from pay-check to pay check, his income remains static while his expenses keeps growing by the day.

Financial pressure comes when expenses are continually growing in the face of a static income. And believe you me you dont want to face financial pressure, the experience is horrible.

The solution to financial pressure is financial planning. While you are single, save aggressively and begin to find how to make the saved funds work for you. ACCORDING TO JIM ROHN, financial freedom comes when you leave-off the income produced by your personal resources. The likes of Rober Kiyosaki puts it as leaving from the passive income that flows out from your investments.\

Getting successful investments is not a stroll in the pack, a lot of work have to be put into it. However the reward of successful investments producing increasing streams of passive income, and a flow of cash to produce new investments far superceeds to the pain and sweat needed for the process.

Warren buffet have over 80 streams of income, Jeff Bezoz company AMAZON HAVE OVER 75 SUBSIDIARIES, Google have numerous products raking in cash, no longer just search. Facebook now own instagram, and watsapp, and the list goes on.

So if global billion dollar companies like AMAZON, BIRKSHIRE HATHAWAY, GOOGLE, FACEBOOK, COCA COLA, NESTLE PLC, etc can still work hard to create subsidiaries, nobody should have an excuse.


Cheers


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