Streams Of Income

I have always thought that someday I am free of worrying about money.

It’s not that I wanted to become a millionaire in the future but somehow I can live a life where financial necessity is no longer a difficulty.

In my early years of working I had an ambition to work outside the country. Even though I have a stable job, I always wanted to go out. I think the reason is obvious if you are Filipino reading this. We always wanted our family to have a better future and working overseas seemed to be the only reason for our success.

Fortunately, I get to have the opportunity to work abroad. Specifically, I was in the Middle East for two years and for those days that I was having a hard time there, my financial needs have not changed. However those are the times that I have learned about passive income which includes Affiliate marketing, MLM and Cryptocurrencies. Nevertheless, the experience I have had there was priceless. 

I decided to go home after two years and worked here in PH instead. Today, I am living a normal life connected to an employer with global connections and I'm quite satisfied with its benefits. However I still believe that there is something I need to do, to achieve something fulfilling. It’s not that I don’t have contentment but it's something like a goal that I need to achieve. 

For the past five years I have been researching and trying to learn about Affiliate marketing. I became an affiliate of some company promoting products and posting it on my blog site. I have been watching videos of several influencers about how they earned millions of dollars through passive income. I tried to do exactly what they did but it won’t just work for me. It made me think somehow that if these guys really became millionaires by passive income, how come that they are still making videos promoting products almost every day?

 Who doesn’t want to be a millionaire?

 Ironically, everyone wants to be a millionaire. A person who wins the lottery is an exemption. What I was trying to express is the people who become millionaires by their hard work. In short, self-made millionaires.

We always wanted to become financially independent and get rich. If by good chance, we became millionaires. But the question is how to become one? There are people who become rich from being literally poor. But how did they do it? Some ordinary people instantly become famous and earn a lot of money because of their talents and they become celebrities.

But us working people with no talent other than working hard and striving for success find it hard to become millionaires someday, but it is possible.

 What is it really with a self-made millionaire? Do they have secrets?

No, self-made millionaires don’t have secrets or anything like talismans or amulets for luck and prosperity. They only have a good mindset and are hard working of course.

I just found out that self-made millionaires have at least five or more sources of income. I hope I am not old enough to learn this.

What are the types of income you need to have to become a millionaire?

Firstly, self-made millionaires have their regular jobs. So one type of income is Earned Income and I think I already have this one (don’t get too excited yet if you have). Having a full-time job is an addition to becoming a self-made millionaire.

Secondly creating different sources of Passive Income. Writing for read dot cash could be one source of passive income but I can say that it is not a full type of earning passive income. Lucky for you if your article attracts the top tippers on this platform. Unfortunately MDM has left this community I think so your chance of noticing by him just went down to a low level.

Affiliate marketing is one way of earning passive income and I also have that too. If you are familiar with Involve Asia, they offer affiliate programs and I am one of their thousands of affiliates. I have been their affiliate for almost one year now but I haven’t reached the minimum amount of withdrawal, I am not that hard working so the chance to become a millionaire for me is very low (laughs).

Other sources of income a self-made millionaire must have are: 

• Investment income

• Royalty income

• Rental income

• Profits

• Capital gains

• Interest income

These lists above are sources of income I or we needed to add with our streams of income. If you have these sources of income currently or have started to have them, you are on your way to become a self-made millionaire in the next five years.

I will no longer elaborate them one by one. Information is all over the internet. All you have to do is do your own research and seek advice from people who are experienced enough about financial strategies.

Which of those sources of income do you already have? Do you want to be a self-made millionaire too? Let me know your thoughts in the comment.

Thanks for reading. Ciao!

Lead image source credits to Sangga Rima Roman Selia

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To all those who support, Thank you!

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