Now when you mention success, money is often close behind. In this blog you will find out why every woman should have more than one stream of income and how you can add more income streams into your life. Let’s get going.
When it comes to professional success, most people would say that money is used as a measure of success. Whilst I believe there are lots of different versions of success, and I encourage you to find your own version, there is no doubt that society as a whole using money as a measure of success.
I remember the first time I came across the saying
“The average millionaire has seven streams of income”
I thought seven streams of income. That is a lot! Now you might not be aiming to be a millionaire, but I would encourage every woman to have at least two streams of income. And why do I feel so strongly about this? Because it is about freedom!
When you an employee living pay cheque to pay cheque then losing your job is the biggest fear. And in business, if you are known for one thing you might feel restrained when making decisions because you can’t ruin that reputation.
The fact is if you don’t have copious savings and only have one income source you will feel restricted. That one income source becomes so important that you are careful with decisions because you don’t want to jeopardies that money source.
Having multiple income streams will give you more flexibility and freedom. You aren’t reliant on just one thing and thst means you can take risks. Also, if you can live off your main income source then you can use your additional income to save, invest or treat yourself!
Creating additional income streams
So what additional income streams could you have:
Affiliate marketing
Affiliate marketing is where you receive a commission for leading someone to buy something. For example, I am an affiliate for Denise Duffield-Thomas, founder of Luckybitch.com. After having led a session for PropelHer’s Book Club on Get Rich, Lucky Bitch I joined her Money Bootcamp in 2017 and loved it. It is the best money-making female community I have been a part of and given the connection between money and success, I became an affiliate as I knew I would be recommending Denise to the PropelHer community. I am also an affiliate for Amazon
Network Marketing Company
You can essentially have a company overnight and have access to whole range of products to sell. For example, Forever Living, Beachbody or Herbal Life.
Freelance
If you have a skill that people will pay for (and why wouldn’t they?) then why not do some extra work on the side. Depending on what your skill is you may setup your own company or just advertise your services on sites like UpWork, Fiverr and Freelancer.
Sell products online
If you are creative you could have an Etsy store or sell things on Ebay.
And much more
And if you have a bit more money then you can look at investing in companies, renting properties and much more.
That is just a few ideas to get you started, but honestly, the opportunities are endless. Take a moment to think how much time and money you have to be creating an additional income stream and then get started. Financial freedom is waiting for you!