I'm always looking at new ways to build additional income streams where possible. My current income streams, though few in number, are varied and carefully chosen to ensure they provide a steady stream of income well into the future.
I'm currently looking at a new business which is in the network marketing arena. There are many companies who operate using this business model. Some are very successful, while others are not. The one I recently joined is taking off in a big way in the UK, but the company is well established with a 40 year history, and the products are second to none.
Because it's early days, I won't go into too much detail about the business at this stage, but I'll keep visitors updated over the next 12 months and let you know how I progress.
Building multiple income streams should be your ultimate goal if you want to secure your future finances. Don't put all your eggs into one basket. Look at part time ways to add to your financial portfolio and in particular look for opportunities that can build up and provide passive and residual income so that your time can easily be organised and eventually provide you with more leisure time to enjoy with your family and friends.
Suggested reading: 'Rich Dad, Poor Dad' by Robert Kiyosaki
