How to Build New Income Streams Without Burning Out
In today’s newsletter:
How to Build New Income Streams Without Burning Out
Once you’ve mastered basic money management skills, building wealth means increasing your income.
In a previous post, I discussed the three tenets of building wealth.
Once you have mastered budgeting and have taken care of your short-term financial goals, personal finance becomes about one thing; widening the gap between income and expenses and investing your increasing monthly cash flow.
At this point in your financial life, “Widening the gap” means making more money.
In last week’s post, I shared how I decided to make more money which was to turn my writing hobby into a side business. Today my writing business has multiple income streams.
Here’s how I manage all of this alongside my 9-5 and not neglecting my duties as a father and husband.
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Does Strong Self-control Lead to Better Money Outcomes?
Every time you leave your house or go online, nearly everyone is trying to get you to part with your money.
There’s nothing wrong with spending money as long as you spend money on things that make your life better and you can afford.
The problem is that we are constantly bombarded with advertisements and social media-induced FOMO that lead us to spend too much money on things that provide too little value.
In today’s world, self-control is a financial superpower.
Continue reading to learn;
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This newsletter is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.