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

GET FREE MONEY BACK WHEN YOU SHOP

Fabulous Finances YouTube Video – Get Free Money Back When You Shop

Instead of spending money on purchases you were already going to make on products or services, pick money up off the table by earning free money when you shop. You can earn free money from a variety of categories: grocery, online shopping, clothing, restaurants, travel, kids and baby, sports and outdoors, special deals, grocery pickup and delivery and more.

This is 100% free. All you need is a smartphone, or a laptop, or a desktop computer and a PayPal account.

From your smartphone app store, download the ibotta app or add the ibotta Cashback Browser Extension for Google Chrome to your web browser. Once you have the ibotta app or the browser extension, sign up for an ibotta account. Once you have signed up for an ibotta account, attach your PayPal account to your ibotta account. Start selecting offers to earn cash back immediately to your ibotta account balance. Once you reach the minimum threshold of $20.00 in cashback earnings, you can cash out to your PayPal account. You can also use your balance to get available gift cards instead of cash if you desire.

However, the focus of this blog post and YouTube video is getting free money back when you shop.

Follow, Comment, Share.

Visit and Subscribe to Fabulous Finances YouTube Channel.

Bridget Denise Webb

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

ben· e · fi · ci · ar · y

a person who derives advantage from something, especially a trust, will, or life insurance policy.

Google

Bridget Denise Webb

The Rich Spend, The Wealthy “Pick” and “Choose”.

The rich spend, the wealthy “pick” and choose”. – Bridget Denise Webb

There is a difference.

Bridget Denise Webb

“As an Amazon Associate I earn from qualifying purchases.’

You Don’t Have To Wait Until Sunday To Bring The Lord’s Tithe Or Offering

You don’t have to wait until Sunday to bring the Lord’s tithe or offering.

God said,
Bring ye all the tithes into the storehouse,…… Malachi 3:10 KJV

bring


come to a place with (someone or something).


cause (someone or something) to come to a place.


make (someone or something) move in a particular direction or way.


cause (something).


Google

If your church or the church that you are bringing the Lord’s tithe and offering to has an online system for you to give or donate through you can “bring” the money immediately.


I love that!

Bridget Denise Webb


It also will help you not SPEND what belongs to God! You can give it immediately!

Bridget Denise Webb


If your church or the church that you are bringing the Lord’s tithes and offering to doesn’t have an online system, talk to your Pastor or the Pastor about the convenience of implementing an online giving system. One in particular is Givelify. There are other ones too!


There is also CashApp!

Don’t get me wrong I love to bring and give physically in service too! An online system or a way to give electronically is very convenient and 21st century! You can be across the world and still give!

You don’t have to wait until Sunday!

“Bring.”

Bridget Denise Webb

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How Many People Saved Money Yesterday? Breaking Generational Habits And Choices

A custom for my family was to cookout on major summer holidays.

Chicken, Ribs, Polish Sausage, Pork Steak, Hamburgers made from fresh ground beef, hot dogs, buns for the hamburgers and hot dogs, salads, beverages, desserts, don’t get me wrong, we loved it!

Food, people, family, is a way we celebrate. Enjoy life!

Bridget Denise Webb

Since I am single with no birth children my family consists of my immediate family.

You could expect a good cookout or a church picnic during the summer. As I sat in the backyard of my now Dad’s house, it was my parent’s house, my mother is now deceased, I saw no one barbecuing in the neighborhood. It seemed like I could faintly smell meat grilling, but for the most part it was quiet of a backyard barbecue in that part of the neighborhood.

How may people saved money yesterday by not throwing a cookout or how many did not have a cookout because they could not afford it? They did not have the money to do it.

During the times that my family had cookouts, my father, who was the main provider in our home, provided the funds to buy the food and things needed to cookout. Since that time, the family cookouts at that level of it being 100% provided by him has ceased. The last cookout that I can remember, was done by us the children and contributions in bringing something or giving something were made, which is a great alternative to the one person providing everything.

If you think about it, yesterday is just like any other day, except it is a nationally recognized holiday. You could cook a normal dinner and be fine! And still celebrate!

So does the country decide when you are to celebrate by spending money to do things that you can or probably can’t afford to do?

Bridget Denise Webb

The truth is, we could celebrate Independence Day everyday.

We learn from our environment, parents, grandparents, etc., whoever raised us or was around us to raise us, our communities. We subconsciously take on what we saw; what they did.

Example: If your parents cooked greens and hammocks, more than likely you cook them and eat them unless you have made definite choices and have changed what you cook and eat.

Bridget Denise Webb

You can decide to change you financial life, your financial blueprint. You don’t have to continue in a cycle of broke, poverty, debt, borrowing, not having enough, bad decisions, bad financial decisions.

It takes a thought, a choice! From that moment, pursuit!

Bridget Denise Webb

Which is where I am! I am actively pursuing the financial blueprint that God and myself wants me to have! You can too!

There was no family cookout! Not to say, if I could afford one, I may or may not have had one! I enjoy family, friends, food, and hospitality, and celebrating! But the key thing is, at this point, I would not be going broke to do so or putting myself in a bad place financially.

But I did celebrate and did not have to pay a dime for it! Earlier that day, I called my 4th of July dinner to me! And it came! If you would like to know more about what I am talking about, follow my Facebook Fan Page, Fabulous Finances.

Happy Belated Fourth of July!

Bridget Denise Webb

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Principle Over Quantity

Principle over quantity.


God honors faithfulness. If you are faithful over a few things, He will make you ruler over many things.

Bridget Denise Webb

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I Speak Finance. T-Shirt

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Wisdom Hath Builded Her House

Wisdom hath builded her house, she hath hewn out her seven pillars:

She hath killed her beasts; she hath mingled her wine; she hath also furnished her table.

She hath sent forth her maidens: she crieth upon the highest places of the city,

Whoso is simple, let him turn in hither: as for him that wanteth understanding, she saith to him,

Come, eat of my bread, and drink of the wine which I have mingled.

Forsake the foolish, and live; and go in the way of understanding.

Proverbs 9:1 – 6 KJV

Bridget Denise Webb

 

 

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