Jason Gerald, Multiple Streams of Income Plan:
Creating Multiple streams of income does not happen by chance, it takes planning and learning how to build more than one income stream to become financially free and not create another job to manage. It’s about changing your thinking and investing in yourself to build more than one income stream over time. If one business fails another one kicks in to keep the money flowing. Trust me not every business will last forever.
Think of it this way. Most people have a JOB and they save money their whole life and hope they have a big enough 401K plan to retire rich. But this is backward thinking, you work your whole life to save every penny to retire when you are old and you may not be able to travel and have fun when you retire. It seems to me that you save your money for retirement just to get old and then you have to use it on hospital bills. Why not build lots of businesses when you are young so your money is working for you when you are sleeping or working at a job. Just like Donald Trump has done. How many businesses does he have? If you did not know this he has over 500 business making money for him when he is sleeping and working as the president. Why can’t you do this? Well you can.