There is only one February 29^th every 4 years. What are you going to do to make today count? Many of us want to make more money, and we’re going to give you a sneak peek into one concept you could adopt today that will help you boost your income, not just for the short term but for the future too:

We are in the midst of a time of change. Traditional manufacturing jobs are in decline, jobs in service industries are harder to find. However there are thousands of new ways to earn. Many of these new ideas for earning can be done part-time, in your spare hours, alongside raising a family or another job. You need to be open to opportunities and ready to learn and persist. If this sounds like something that you would love to do, and you are ready to commit time and effort, read on. There is hard work ahead of you, but the benefits are immense.

Life change starts here

We have three essential concepts that are key to making money. Get these ideas right and you will have taken the first step to changing the way you earn and taking the limits of just how much you can bring in:

Concept 1: Multiple Streams of Income

The first concept that will change the way you think about earning is multiple streams of income. Does the idea that your entire life is dependent on one source of income make you feel uncomfortable? You can end up in dire straits through no fault of your own. Gone are the days when jobs were for life and large establishments like Woolworths could never go down… but imagine this alternative scenario:

Sharon worked on the till at Woolies twenty hours a week, but she also has a number of other incomes. She writes a parenting blog that earns her £300 a month in advertising. She does some freelance writing for £150 per month. Sharon’s also just launched an eBook from a blog in a niche area which earns £75 a month and she’s in the process of launching an eCourse. Woolies go and what does Sharon do? She cuts back and lives off her other incomes. She spends her free time creating that eCourse which grows to earn her around £300 a month and she invested her redundancy money in another business opportunity which she hopes will be a big success.

No matter which of Sharon’s incomes disappear she has others on which to rely, and it is highly unlikely that all her incomes will dry up at the same time. This is the theory behind multiple streams of income.

What does this mean for you?

It means you do not need one big idea or lots of investment to cease being reliant on an employer. If you are a business owner it takes a lot of the risk out of being an entrepreneur as, instead of relying on one idea or one market you have a number of enterprises. You can build up an online income incrementally while still working or alongside your other commitments. This is exactly what we have done: we have built our incomes up gradually to a point where our ‘work’ is flexible and our incomes are multiple.

What do you think of this concept?

If you like this, and want to learn about the two other essential concepts for earning, we share them in the Help! I want to start earning course.  This course is available at half the usual price for this week only.