Multiple Income Streams | Why You Should Have More Than One Income Stream

A Job Is Just One Income Stream

A job is just “one” source of income. If it ends or you are not able to work it. It ends. This means that if your income source is gone, you have no money coming in or the ability to make income unless you get another job immediately. A job is not permanent. It is not guaranteed. It has limitations. You can only work when the employer says you can, you can only make what the employer allows, you can can only be paid what the employer offers. And in some states, employment is at will. This means that the employer or the employee can end the relationship at any time. A job is an active source of income. If your employer does things right, you are paid on a certain date, for the time you worked. You are paid wages for the “active time” you spent or put in working the job. Once you stop, that’s it.

Multiple Streams Of Income

Multiple streams of income are just that. Multiple. More than one.

Income is coming in or the ability to make income is present from multiple sources. It is having more than having a job. It is not dependent upon your initial job. It is other income streams that you have set up for income, to receive income. For multiple streams of income to flow.

Why Should You Have More Than One Stream Of Income?

Multiple streams of income guarantee income or the possibility of income. You are not dependent on a job or an employer. If you should lose your job, you have other streams set up to make income or obtain income. It increases your net worth. It increases your personal finances.

Types of Income Streams

Passive, Residual, Stocks, Real Estate, Businesses, Products, Trading, Blogs and more. These assets allow your money to work for you without you having to physically work. The initial set up and maintenance of these assets is all that is needed. In some instances, you can make money while you are sleeping.

It Gives You Time Freedom

Multiple streams of income, give you wealth. For some, wealth is time freedom. The ability to use your time doing the things you want to do. You are not tied down to a job or putting in sweat equity. You are free and your money is working for you. Time freedom may look like the picture above or traveling. It may be working on the mission project that you are passionate about. It may be starting or working on a non profit. It may be volunteering somewhere. It’s the freedom to do what you want to do with your time.

How Many Streams Of Income Do You Have?

Comment or name them in a reply to this post! If you would like assistance in creating more than one income source. Contact me to today! I have a fabulous opportunity for you.

Bridget Denise Webb

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Est. 2019 | Inspiration, financial education, and information for financial wealth management.

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Use This Expense Tracker To Find Out Who You Are [Printable]

How To Use A Printable Expense Tracker To Find Out Who You ARE!

Do you think that things will be different when you get a certain amount money? Life will change and everything will be grand because you have acquired a significant amount money that will allow you to do the things that you aspire to do or would like to do, however, the only thing that is holding you back is the finance? The money.

Your preparation or what you did or do during the times you don’t have it, is what will be present and in action when you do receive it. Or what will allow you or disallow you to receive it.

Money magnifies who and what you are.

Your same level of knowledge concerning money, plan or no plan, habits, strengths or weakness will be present with or without money.

One way to find out who you are is to follow the money. What do you spend money on? Big or small purchases or expense. Follow the money.

Expense Tracker | Printable

An expense tracker allows you to track what you are spending money on. In return it gives you keen insight into who you are. What your needs, wants, miscellaneous spending, giving, and habits are. An expense tracker printable gives it’s users the ability to track and follow the money they have been spending. It can be downloaded and printed before and after use. An expense tracker printable can be printed anytime one is needed, which saves the user from purchasing an expense tracker over and over again.

Expense Tracker

A digital, printable and functional expense tracker that allows you to track your everyday expenses!

Expense Tracker

A digital, printable and functional expense tracker that allows you to track your everyday expenses!

$7.00

Click here to purchase.

Expense is the cost required for something: the money spent on something. (Google). This is noted at the top of the Expense Tracker printable for sale above. This definition gives the focus and directive you should have and keep while using the Expense Tracker printable. Whatever is spent for something, the cost for it should be listed and therefore tracked.

Create an Expense Tracker Notebook, Expense Tracker Binder, or Expense Tracker Diary

In using an expense tracker printable, you will successfully acquire sheets of tracking your own expenses. It becomes your own data that you can research, refer to, look back on, and gain the insight needed to make the changes needed or to put in place new directives that you want your finances to go in. Maybe you need to implement increasing in a certain area or decreasing in a certain area in order to reach a certain goal or to live your best financially. An expense tracker printable will allow you to accumulate your data. To research yourself. To get the information you need to do this. Successfully tracking yourself for a month will allow you to be able to create an Expense Tracker Notebook, Expense Tracker Binder, or Expense Tracker Diary. Whatever is your desire.

Expense Tracker Bullet Journal Printable

An expense tracker printable can easily be implemented into an Expense Tracker Bullet Journal Printable for a Bullet Journal. The ability to bind the printables to become a book, notebook, journal, or diary is present. The use of a hole puncher could also create a functional notebook binder.

Best Expense Tracker

The best Expense Tracker is one that best fits your needs and that inspires you to use it.

Some needs are that it is functional, simplistic in nature allowing you to think and see cleary what you are doing and what is going on, and that allows you to gather the information needed. Nothing distracting and the attention is on the task and not creative design. If that’s you, the Expense Tracker listed in this blog post for sale would help you achieve that.

Some needs are that is creative and inspiring. Motivational. It makes you want to pick up and use it. You feel like you are really creating something or doing something. If that’s you, the Expense Tracker listed in this blog post for sale, has a motivational directive.

If you like colors and designs, bullet journaling, creating, go for it! If you need a more accounting and financial approach, go for it. Go for whatever is going to help you get it done.

To find out who you are start tracking what you are spending money on now! You may be surpised at what you find out, however, you will be armed with the information needed to navigate and begin implementing the changes and strategies needed to be who you want to be financially!

Bridget Denise Webb

What Is Bitcoin?

Bitcoin is a form of buy, sell, payment and exchange.

It is not money. However, it can be used like money. In the United States it is not a currency. The United States government controls what is currency in the United States. Bitcoin is property. You can own it, you can buy it, you can sell it, you can use it to exchange for goods and services, you can build a hedge against the U.S. dollar with it. However, it is not money. It is not apart of the currency issued by the United States government.

Bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank. (Google)

Bitcoin was created by a person. The name most associated with the person who created it is Satoshi Nakamoto. There is only a limited amount of Bitcoin available worldwide. Once that limit is reached no more exists.

It can be used like money. It is deregulated. It is not regulated by banks or the government. It is digital. It is also known as Cryptocurrency.

Cryptocurrency is “a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.” (Google)

Bitcoin can be bought with U.S. Dollars or whatever your currency is in your country and it can be used to buy, exchange and pay for things that you would buy with regular fiat money. You can also sell Bitcoin for U.S. dollars. It is legit. There are even ATM’s for it. In the U.S., you do have to report your buys and sells (your transactions) to the IRS.

Photo by Karolina Grabowska on Pexels.com

Bitcoin is an investment and is like a hedge against the U.S. Dollar. It can be comparable to gold. In the U.S., if the U.S. dollar fails, then Bitcoin and other hard assets like gold come into play and hedge against it. You would be able to still buy, sell, exchange, make payments because of the value, accessibility, and ability of Bitcoin. People are building their portfolios and investing in it and obtaining it now. Companies and businesses are implementing it in their form of payment options, where the consumer can pay with/in Bitcoin. PayPal most recently, implemented the ability of its users to buy, sell, and hold Bitcoin. National retailers are now accepting Bitcoin as a form of payment. Games offer rewards in Bitcoin and Lolli offers rewards when using their service when you shop at top stores.

To learn more about Bitcoin and earn Bitcoin while you learn about Bitcoin visit Coinbase. Coinbase also provides a digital wallet for Bitcoin users which is also needed to store Bitcoin. For current and more information on digital assets and blockchain technology visit Coindesk.

Bridget Denise Webb

New E-Book! GOD’S MONEY

How do you view the money that you have or receive? How do you view money, period?

Find out how you should view money with supporting scriptures to build your faith in GOD’S MONEY.

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Get yours today on Etsy!

Bridget Denise Webb

Poverty Operates Via A System. Wealth Operates Via A System. There Is A Difference. #ImNotSettling

Protected: Do You View The Money That You Have Or Receive As God’s Money?

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My First Week Intently Investing In The Stock Market

My first week intently investing in the stock market:

I had returns on both investments the second day of investing, I did not sell.

One of my investments dropped a few cents “below” what I had invested in it.

I ended this week: Actively trading. I sold both investments. One had a return/profit. I ended with more than I initially invested.

I learned more about the stock market, how to read stock charts, and how to actively trade for income.

It’s Official, I’m A Stock Investor.

Bridget Denise Webb

Bridget Denise Webb

It’s Official, I’m A Stock Investor.

I have acquired company stock before through a former employer as an employee, however, I haven’t until yesterday evening and early this morning actually intently purchased stock on my own with my own money.
IT’S OFFICIAL, I’M A STOCK INVESTOR. 🙂

Bridget Denise Webb