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Building Income Streams

income grows chart

Online business owners are always looking for ways to build income streams and increase the bottom line. Who doesn’t want more income?

The common advice is to build multiple streams of income. At first glance that advice seems to make sense. But there are pitfalls. You will want to ensure that you are building income streams, not stumbling blocks.

 

The Road to Financial Self-Reliance

US Government Debt Crisis

The video at the end of this post gave me shivers.

We should all strive to achieve financial self-reliance. The importance of this came home to me in 2013 when headlines around the world claimed that U.S. politicians had mismanaged the social security trust fund. They had depleted all funds in the account. They could not pay the fortnightly pension installments unless the Treasury agreed to raise the debt ceiling.

I don’t live in the U.S. but I wanted to know how this could happen.

Learning vs Doing Mindset

learn by doing

We can fool ourselves into believing that by learning something new we are doing important work. Learning is but a stepping stone to doing something with our new knowledge.

If we do not apply our knowledge in a meaningful way, we may be knowledgeable but it does not make us productive or successful.

Learning is half of the success recipe. The other half is to do something purposeful with your knowledge.

Why Mastering the Basics Is Crucial

Frederich Nietsziche

Most of us know deep down that getting the basics right when starting any new project is fundamental to achieving success with it.

Who among us has not thought that learning the basics when acquiring new skills is usually the easy part and, therefore, we skim over it lightly so we can move ahead quickly.

If we take shortcuts at the beginning, we risk building a house of cards – it can topple over at the first wind…

Is It Your Online Business Or Just A Game

funny mouse web tool

It is never too late to think about the pros and cons of having your own online business. Not everyone seeking to make money online wants to have a business. Be clear: Is it your business or just a game?

Some people are content just to make a little extra cash, dabbling here and there. For them, it’s a hobby, something they do in their spare time.

And that’s fine. (I did that for years!). Not everyone should be their own boss. It has nothing to do with…

Nifty Tool To Organize Information Easily

How many times have you found yourself rummaging through drawers, cabinets or searching frantically through computer files to track down an urgent piece of information you needed fast?

I was a reasonably organized person until I started online and struggled with information overload. These days most of us need information at our fingertips, as well as a way to keep track of things.