Albert O. Aina Is a Management Consultant with a divine mandate to raise effective leaders for the church, empower business people and motivate the young generation for a life of purpose and achievement. He is the Chief Executive Officer of Christian Leadership Inc. and Alaryn Management Centre Ltd. Rev. Aina is the senior Pastor of Foursquare Gospel Church Saabo Zonal H/q. Lagos.

Genesis 30:30-32 (NIV) The little you had before I came has increased greatly, and the LORD has blessed you wherever I have been. But now, when may I do something for my own household. 'What shall I give you?' he asked "Dont give me anything" Jacob replied "But if you will do this one thing for me, I will go on tending your flocks and watching over them. Let me go through all your flocks today and remove from them every spotted or speckled goat. They will be my wages".

Not all streams that flow into an ocean contribute the same volume of water. Not all the tributaries flow at the same velocity to the adjourning river. However, the strength, depth and very existence of the ocean depend on the multiple streams that empty themselves into its belly. The reason why sea never dries is largely the result of constant supply of the various streams. Eventually if one or two streams dry up during dry season for instance, other surviving streams continue to supply to the mighty ocean.

One potent weapon for firing your boss quicker is seeing yourself as a financial ocean that require more than one stream of income. You need to be familiar with the various streams of incomes and seek to reach out to them. Not all streams of income are created equal. There is the one you get paid only once for your effort.

There is the one you work hard once and it unleashes a steady flow of income for months or even years. You get paid over and over again for the same effort. There is another type of income stream that generates a raging river of residual riches to you and your family. There are some types of income that flow either you are there or not - in most cases you don't have to be there. The good thing about money is that it works harder than human beings and capable of working for generations, depending on the stream it is directed, and the speed or velocity carrying it.

Ten Major Streams Of Income

1. Linear or earned income: Salaries wages, and fees.

2. Port folio Income: Paper assets, like mutual funds, money market, etc.

3. Passive Income.

4. Residual Income which is income from a business, which others run for you.

5. Dividend Income:- income from shares

6. Interest Income from savings or bonds

7. Royalty Income which can be income from songs or books you have written, and trademarks and inventions that you have created.

8. Financial Investment Income: such as income from trust deeds from real estate

9. Commission Income - from salesmen and agents

10. Pension Income

20 WAYS TO BECOME RICH ON PART-TIME.

You can explore the following types of residual income while keeping your day time job. The truth is that the truly rich get rich at home and in their part time

1. Saving for interest

2. Writing books to earn royalties

3. Writing books and producing audio and video materials for royalties and profits

4. Insurance agency on part-time basis.

5. Join network marketing for ever growing commission.

6. Acting and Playwriting

7. Establishing a business by the side for profit

8. Be a franchiser and earn fees

9. Invest in shares and earn dividends, bonuses with shares price appreciation

10. Be a visual artist and get royalties from your creations

11. Create software, design website and collect fees and royalties

12. Design games and earn royalties

13. Become an inventor and earn royalties. You can go into partnership with someone who has the time and knowledge of the business and share profits.

15. Trade your mailing list for rental fees

16. Own a house or shops for letting and collect rent for life

17. Become a celebrity and endorse products for a percentage of profits.

18. Become a marketing consultant for a percentage of profits.

19. Become an internet content provider and get advertising revenues and royalties

20. Your pension fund, especially the bulk payment can be converted into investment vehicle like real estate, while collecting pension, for life.

These twenty ways of the rich can be further arranged under various entrepreneurial skills and personalities discussed in the previous chapter. We shall be employing R.G. Allen as our guide.

Intrapreneur skills

Insurance agents, network marketer.

 

Extrapreneur skills
Songwriting, acting, visual artist, games designer, inventor, celebrity endorser.

Infopreneur skills
Selling information, author, marketing consultant, franchiser, softwares creator, internet content provider.

Autopreneur skills
Investors, discounts mortgages, venture partners, business owners, real estate owners. You need to start thinking at this stage more like a free agent, an entity and incorporated entity. You need to expand your reality. Your mentality need to change from that of an employee to that of a money tree entrepreneur.

 

 

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