SEMINAR RECAP ON THE TREASURED ENTREPRENEURS ASSOCIATION TEA HALL OF WEALTH MEMBERSHIP & PREMIUM GROUP PAGE
👉🏻Theme:
❤ THE DANGERS OF A SINGLE STREAM OF INCOME AND 10 CREATIVE,INNOVATIVE AND STRATEGIC WAYS TO INCREASE YOUR INCOME…….
🎤 SPEAKER/FACILITATOR/DISCUSSANT
🗣 Mr Ibrahim Tijani….
TEA NATIONAL GENERAL SECRETARY….
Good evening ladies and gentlemen
How has your day been my beautiful people of the TEA platform…
The TREASURED ENTREPRENEURS ASSOCIATION premium group is indeed the platform to be…
We are indeed blessed and privilege to be among the BEST BRAINS in NIGERIA….
Let me first appreciate my powerful visioner, chairman, cordinator of this great platform..
Sir you are one of the best brains I’ve ever met in my life
And without taking much of our time
The seminar begins in full
WHAT IS INCOME?
Income is money (or some equivalent value) that an individual or business receives in exchange for providing a good or service or through investing capital. Income is used to fund day-to-day expenditures. … In businesses, income can refer to a company’s remaining revenues after paying all expenses and taxes.
Money.. We are in a world where everything we do involves money
And everything we do day in day out all depends on money
Now, how do we get our income.. How do we get the money
Some people will say they are salary earner and they are comfortable with what they earn
But in real life, they live and do all they do based on LOAN
And this has brought about low speed in the level of what they are suppose to achieve in life
One of the wisest billionaires in the world, Warren Buffet, said “Never depend on a single income”.
Building multiple streams of income is no longer a luxury, it has become a necessity. The first step to building your financial strength is building your revenue strength. If the high rates of unemployment and mounting job losses have taught us anything, it is that nobody’s job is safe.
Unfortunately for most people, their only source of income is from their job, which can be a risky way to live. You must become so financially secure that you forget that it’s payday; you have residual bills, why not have residual incomes?
I’ve seen cases where people who only depend on the income they earn from their job finds it difficult to rise again after one of two issues on the job
Because we are in a state where their is no Job security.. And their is no job security in any where
Some people are been laid off when the company they work for can’t pay their salary again due to low level of profit they make
Our conventional career path has led many on a journey of financial frustration and insecurity. It goes thus: you pick a job, advance in that job, draw a higher and higher salary, and eventually retire, preferably with a pension plan. Millions of people follow that path today, relying on a single source of income, but in today’s economy, that approach is inherently flawed. If you follow it strictly, it could set you up for hard financial times, longer stretches of work before retirement, and in some cases, total financial failure.
Having single stream of income by 90 percent of Nigerians is one of the reasons why Nigeria is one of the poorest contry in the world
The tools to create multiple streams of income are all around us in the 21st century. We have more access to information, people, and opportunities than ever before. Unfortunately, people use all these as a form of distraction instead of disruption. You have the capacity, time, gifting and talent to create multiple streams of income. The more income streams you can create, the more secure your financial house will be, and the more wealth you will create.
You know the saying “never put all your eggs in one basket?” Putting all of your eggs in one basket by being dependent on one stream of income is risky. It is so crucial to the continuation of cash flow that you have another income stream that you can rely on if one fails.
Before i go ahead to give us 10 different ways we can create multiple stream of income, i need 2 to 3 hands that are following
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Will use myself as a real life example on our topic for tonight
That’s simply not true. You can earn streams of income while working on your present job. You just need to be more digital, flexible, strategic and dynamic. The various options available to increasing your streams of income are as follows:
MAKING MONEY ONLINE:
As we all know we are now in the digital age
Many people now depend on internet to get anything they need at any point in time
Now, there are different ways we can make money online.. Which are
YouTube, blogs, social media, and websites
Start a YouTube channel, create a Blog or Website. You can help small businesses with their digital presence and Social media marketing. You can become an online affiliate marketer. Blogging seems to be very popular, and for good reason, as many bloggers are making passive income from their content. You can open a blog on a subject that you know too well. Fashion blogs, lifestyle blogs etc. Everyone is an expert at something. Why not create a blog around your passion.
So many of us have big phones with us, but we don’t make use of it to the highest level
Sometimes i tell people my phone is my second office
And i can say it 100% that my phone is one of my source of income
- PUTTING YOUR GIFT, PASSION AND TALENT TO USE:
Using your gifts, talents, passion and special abilities to help others solve problems can be a good way of earning extra income. Myles Munroe said, ‘’Wealth does not come from your job; it comes from your personal gifting.” Real wealth is discovering your gifts and talents and making the world a better place through it. - MONETIZE YOUR HOBBY:
Become an hobbypreneur! There is so much joy in getting paid at what you love doing. There is tremendous joy in earning income from doing something that you might happily do for free. Making money from your hobby is not just only sustainable, it brings you deep satisfaction and excitation. - FREELANCING:
If you can do certain tasks for other people and get paid, then why not? Websites like Upwork, Fiverr or Elance allow you to promote yourself for jobs that other people want completed. If you are creative or special skill or talent, set your own rates and get yourself hired. Whilst this is not a passive income source, you can earn a decent income to get cash flow running, and by this you will be able to fund other income opportunities to create more passive wealth - BECOME A REFERRAL SOURCE:
Every small business needs referral sources in order to maintain sales. Don’t overlook referral programs at work either. If your company offers a referral bonus for either new employees or for new customers, then take advantage of that plan. It’s easy money with virtually no work. - BE AN INTERMEDIARY:
Richard Branson once said, “If somebody offers you an amazing opportunity, but you are not sure you can do it, say yes – then learn how to do it later”. One other easy way of earning a side income from your salary is being an intermediary. You can basically broker deals between people. If you can help facilitate a deal, then you can take a cut from the proceeds. You can take commission for brokering a deal. Connecting people to others who can help them solve their problems can become a great way of earning commission. - INVESTING IN REAL ESTATE:
The four chief ways to invest in real estate are:
(1) Becoming landlords of rental properties
(2) Real Estate Trading
(3) Real Estate Investment Groups and
(4) Real Estate Investment Trusts (REITs
- INVEST IN STOCK:
Many people are reluctant to enter the stock market because they’re afraid of losing the money they invest. With adequate experience, exposure, research and consultation, you can actually make wise decisions in the stock market. It pays to invest in blue-chip stocks (i.e., big companies with a long history of success) for the long-term, so long as you don’t panic sell when prices start falling. - BUILD AN APP:
Apps can be an incredibly lucrative income source. Almost everyone has a smart-phone! Why not take advantage of this and build an app that helps people solve a problem and make their lives easier. Think about how many people today have smart-phones. Apps make people’s lives easier. Whether it’s an app that helps people put together nice pictures for their blog or an app that keeps track of tasks, there are helpful apps out there for everyone. - Be a farmer:
- Learn a skill:
Before i drop the pen tonight, let me use myself as an example and tell us why it is good to have multiple stream of income
This is what i do.
Currently,
1.I’m the general manager of Pacesetters Eduservices.
- The owner of TIA Gadgets: where i sell direct UK used phones, laptops and accessories with home delivery in and outside lagos
- I’m a graphics designer. I design and print for my customers
Salary comes only at month end, but when you have a business of your own, the income (money) comes at any time. Even at a time when you don’t expect it
In conclusion, One of the wisest millionaires in the world, Warren Buffet, said “Never depend on a single income”.
Having multiple streams of income will help you live above the financial vagaries, vicissitude and uncertainty that have bewildered a single sourced income. Because of the financial risks involved with relying on a job for all of your incoming cash, it is critical to consider having at least one additional source of income.
Thank your time and God bless you all.
TREASURED ENTREPRENEUR ASSOCIATION 