This Article is About
multiple streams of income
network marketing mlm
robert kiyosaki
full time job
streams of income
income streams
debt situation
second job
head above water
income stream
big trouble
gurus
Spreading Yourself Too Thin
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As any of us who have read the books by Robert Kiyosaki or Robert Allen or any of the other books by self proclaimed gurus can attest to a lot of them will encourage you to get as many streams of income as possible into your life to get freedom from a just over broke, aka a job.

While the fact can't be denied that the more streams of income you have coming into your bank account the better after all if one dries up for whatever reason you still have the others to keep your head above water financially. As opposed to those who rely solely on a job can find themselves in big trouble should they get laid off.

The problem with pursuing multiple streams of income comes with if you try to do too much at once thus spreading yourself too thin.

The two authors mentioned above often recommend network marketing (MLM) and real estate as the best ways to get into business and adding income streams. There are pros and cons to both of them which won't be dealt with here.

If you try to add too many streams of income at once you might find that you're spending too much money setting them all up at once.

Often this will result in putting money on credit cards putting yourself into a massive debt situation especially if any or all of them don't immediately start making you money, which is highly likely. And if you've ever been in a massive debt situation you know the tremendous amount of stress that can bring into your life.

If the businesses you're trying to build aren't making money you then have to hope your full time job starts making you enough money to be able to cover all the costs and debt servicing. If it doesn't then you might find that you have to take a second job to cover the costs leaving you with less time to spend on the businesses.

To avoid this happening in your pursuit of multiple streams of income:

  • work on building one income stream at a time. Then once it's able to make money regularly outsource the work making sure that the costs for that don't exceed the income for your business.
  • always make sure you know the costs involved with the business and make sure your current income stream from your job is able to cover it until your new business is making money so as to avoid getting into a situation where you need to take a second job.

Hopefully this helps you now go out and make it a great day.


Street Talk

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