I first heard about multiple streams of income in T. Harv Eker's Millionaire Mind Intensive program in Singapore. My Reliv upline advised me to attend the camp with the objective to shift a mindset. It was a 3 day program (26-28 November 2010) and time schedule was 8 am - 11 pm. There was about 7000 participants inside one big hall in Singapore Expo and I struggled with waking up each day to be on time. I got reprimanded for being late the first day.
Under a different circumstance, I would have walked out the minute I get scolded by a speaker who got paid for my presence there. But Eker is the author of best selling book SECRETS TO A MILLIONAIRE MIND and is several times over a millionaire. I stayed to hear what he had to say...
The reason the rich are rich is because they have more than one stream of income. Eker likes network marketing.... Whew... Good thing I am building a network marketing business.
Eker shared about building leverage with real estate, stock market, internet and marketing.
1) Real Estate. I have been putting money away in condo payments and getting a better rate of return than the bank.
2) Stock Market. I went for technical analysis workshop but decided to put that in the back burner till I have extra available funds.
3) Marketing. Am into Reliv which is a network marketing business in the wellness industry.
4) Internet. This is the aspect that I am getting my learning curve on these days. I created two websites: www.iphilippineproperty.com and www.6figureetal.com. Still reading on social media and marketing these days.
T. Harv Eker defines rich as USD1M net worth and an annual income of at least USD100K.
Reference:
http://www.srpl.net/articles/why-you-need-multiple-streams-of-income-and-where-to-get-them/