How To Become A Millionaire

Robert FreericksMy Tips0 Comments

2 min read

The best way to get rich is to ensure that money always comes in. When you are never without income, you have the opportunity to build a fortune. That’s why you always have to tap into multiple sources of income. It hasn’t been scientifically proven, but it is no coincidence that most millionaires have different sources of income. How many do you have?

Having multiple sources of income is not a survival technique, it is a way to become a millionaire. And the numbers prove it.

65% of self-made millionaires have 3 sources of income

45% of self-made millionaires have 4 sources of income

29% of self-made millionaires have 5 or more sources of income

Creating different income sources is like diversifying your investments. When investing, do not put all your eggs in the same basket. When a source of income dries up, you can still fall back on the others. And when no income source has problems, the money flows.

How do you create different sources of income?

1. Do you have a full-time job? Start your own business!

Half of the millionaires in the world have their own company. If you have a good idea, you can build your own company around it. Please note that you do not go against the rules of your employer. You need the money from your full-time job, especially in the beginning. Creating multiple income sources takes time.

2. Look for income sources within your company

You can also find additional sources of income within your own company. It is likely that your company consists of different parts. Maybe you can also get started somewhere else. Or you can give training courses within your company. You may be responsible somewhere else. Be creative and have a look around what is possible.

3. (My favorite) Create a passive income

A passive income requires time and effort in the beginning, but then creates uninterrupted income without you having to do anything (or little). The online world is full of opportunities to build a passive income.

If you want to learn how to build a passive income, please contact me and I might be able to help you out!

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