You must 1st understand that money 💰 is one of the many # rewards for value created and offer in form of a product or service that meets the pain point (needs) of someone known as a customer.

One thing I have come to understand about the difference between the Rich and #Poor when it comes to wealth creation is that the rich invest to create more streams of income, while the poor invest to store their money in safe heaven, at times they ask you please which business is trending now so they can invest into and make 70 to 100% Return On Investment (R.O.I) with 30 days.

While the rich on the other hand are daily networking with like minds looking for challenges to offer solutions in form of products or services in order to attract a reward called money 💰 and reinvest the profits into the business and diversify into other areas which are known as market expansion

When it comes to building a sustainable wealth system you will agree with me that one stream of income is not enough rather it put you under the constant pressure of a frying pan to fire Your ability to intentionally build a different stream of income give you balance in life

HERE ARE 7 INCOME #STREAMS FOR MILLIONAIRES

💰 𝐄𝐀𝐑𝐍𝐄𝐃 𝐈𝐍𝐂𝐎𝐌𝐄:
This is money that you earn from trading your time, knowledge & skills doing something, this is also known as the salary you get by working 8-5 etc, and this is about comfort zone for many, this is a death trap.

💰 𝐏𝐑𝐎𝐅𝐈𝐓 𝐈𝐍𝐂𝐎𝐌𝐄:
You earn this by selling something for more than it costs you to make, like monetizing your skill or knowledge a lot of the people who are in ‘Earned Income’ want to move to this category at some stage of their career or life. But it’s not always easy.

💰 𝐈𝐍𝐓𝐄𝐑𝐄𝐒𝐓 𝐈𝐍𝐂𝐎𝐌𝐄:
This kind of income comes from you lending your money to someone, fixed deposit etc

💰 𝐃𝐈𝐕𝐈𝐃𝐄𝐍𝐃 𝐈𝐍𝐂𝐎𝐌𝐄:
This is the money that you get as a return on shares of a company you own like you buy a business as a director or shareholder etc

💰 𝐑𝐄𝐍𝐓𝐀𝐋 𝐈𝐍𝐂𝐎𝐌𝐄:
You generate this kind of income from giving out an asset that you have, like a house, or a building, Cars for uber, bolt etc

💰 𝐂𝐀𝐏𝐈𝐓𝐀𝐋 𝐆𝐀𝐈𝐍𝐒:
This is the money that you get as a result of an increase in the value of an asset that you own, profits derived from selling an asset: financial investments, real estate, personal property, collectables etc

💰 𝐑𝐎𝐘𝐀𝐋𝐓𝐘 𝐈𝐍𝐂𝐎𝐌𝐄:
This is the money you get as a result of letting someone use your products, ideas, or processes. They make all the revenues, they do all the hard work and you get a small percentage of whatever they earn.

No matter how many you have now, it can still be built upon.

Finally,

Remember is not how much you make that matters, #but is what you creatively do with what you make that truly counts.

You will not remain forever young dear friend, Make hay while the sun shines. Remember It’s not about your LOCATION, is about your creativity to offer sustainable solutions in form of products or services to your local community that will position you for the global market.

You start right away from where you are now, by first identifying a challenge around you and seeking a creative solution can you offer in form of a product or service to meet that which you have mapped out.

WAKE UP
WAKE UP
WAKE UP

Before you, #DIVERSIFY ensure you SOLIDIFY in a particular niche with a clear definition of purpose 🙏🏽🙏🏽

© Abraham Orukpe
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭/𝐂𝐨𝐚𝐜𝐡

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