I’ve been seeing a lot of videos lately on Facebook Ads and YouTube ads about how so-and-so has build up 10+ income streams by the time their 20 and how you need to do the same thing now or else you’re going to be poor forever etc. etc.
First of all, I don’t know about you but I hate scarcity marketing like that.
Remember that there’s always more than 1 way to do things.
Look at Warren Buffet (yes I know it’s an overused example) but the point is he built his fortune using 1 tactic. That’s it! Just 1.
You don’t need to be doing 20+ things to make a lot of money. It’s enough to do 1 thing really well and you’ll be fine.
Second of all, a lot of income streams are not cheap to build up. It either takes a lot of time or a lot of money to build up a good income stream. If they were easy or cheap, I’m sorry to say but everyone would do it.
Take investing for instance. You can start with 5k sure but it’s going to take a LONG time to build up that 5k to a place where you can live off the profits.
If you’re trying to make money, you’re likely not in a position where you have 20k to put into investing, another 20k into media buying, and all this free time (that you don’t have right now) into blogging.
If you had all that money and time, you wouldn’t be trying to make money from home!
I started off blogging because I had like no money to start with. I did just that for years and made a little bit here and there (not much for a long time!) and learned the ropes.
Then I made a bunch of money actually working a job and I used to start an investing account with. That was mostly hanging out in the background until my blogs actually took off and then I was able to really work on investing.
Once I had blogs that were stable and a trading account that was big enough I could consistently be bringing in 500$ a day, only then did I know I had enough money and time to learn media buying.
It was 1 thing at a time with years and years and years in between during which I learned everything I could about that 1 thing. This stuff does not happen overnight.
Pick 1 thing and learn how to do it really really well.
Blogging, investing and media buying ALL have the capability to provide you will a full time income independently.
What’s your 1 thing right now?