Click or tap here to get Multiple Sources of Income - Positive Expectations on Amazon Audible.
Don't know or not sure yet?
Here's my review:
According to Bob Proctor, well-known self-development author and speaker, there are essentially three income earning strategies. He labels them M1, M2, and M3.
M1. Trading time for money.
Although this is, by far, the absolute worst of the three income earning strategies, it's employed by approximately 96% of our population - doctors, lawyers, accountants, laborers, etc. The obvious limitation with it is you only have "x" amount of hours during which you can employ this strategy. Yes, you can increase your per hour value, but that doesn't change the fact that there are only so many hours you can work before you either max out or burn out, whichever comes first, and any degree of wealth accumulated using this strategy is usually at the expense of a life. Another limitation is that when you stop trading your time for money, for whatever the reason, guess what? That's right, your income stops as well.
M2. Investing money to earn money.
This strategy is used by approximately 3% of the population. Many fledgling wealth seekers gravitate to this strategy because it sounds like a glamorous or sexy thing to do. However, most of them never accumulate enough money (money they can afford to lose, I should add) to earn any real money from it and, even if they did, they'd quickly lose it because they haven't a clue as to what they're doing.
M3. Leveraging yourself to earn money.
This is where you multiply your time through the efforts of others by setting up multiple sources of income (MSIs). This is, without question, the very best way to increase your income. It's the strategy that wealthy people have used dating clear back to the ancient Babylonians. Unfortunately, this strategy is only used by approximately 1% of our population, yet that 1% earns approximately 96% of all the money that is earned!
How do you develop multiple sources of income?
You'll find out in Bob Proctor's excellent Multiple Sources of Income - Positive Expectations audio program.
During this in-depth, hour-long presentation, you'll learn:
- How to brainstorm for profitable MSI ideas!
- 22+ specific examples of MSIs to stimulate your thinking!
- 3 guidelines for evaluating your MSI ideas!
- How to implement your MSI ideas!
- An attitude that coupled with the MSI philosophy will make your life shine!
- ... and a whole lot more!!
It's a no-brainer...
You'll be really glad you did.
Click or tap here to get Multiple Sources of Income -Positive Expectations on Amazon Audible.
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Note: This multiple sources of income (MSI) concept is one I wish I'd paid a whole heck of a lot more attention to and, even more importantly, done something about the first time I heard it.