Creating Multiple Steams of Income For A Super Sexy Life Of Wealth

Written by Jonny June 15th, 2010

Everybody wants to be sexy and everybody wants to be wealthy but few are willing to make the decisions necessary put in the time required to learn how to created multiple streams of income so that they can become wealthy and live a sexy lifestyle. Big sentence, Big wakeup call. If you want to be wealthy in the future you are going to have to learn how to create rivers and not rely on pipelines. If you want to know why, read on.

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Why Read

Everybody wants to be sexy and everybody wants to be wealthy but few are willing to make the decisions necessary put in the time required to learn how to created multiple streams of income so that they can become wealthy and live a sexy lifestyle. Big sentence, Big wakeup call. If you want to be wealthy in the future you are going to have to learn how to create rivers and not rely on pipelines. If you want to know why, read on.

Wordcount: >750

What Is Wealth

You cannot become wealthy having a job. No one in history has created lasting wealth this way, no matter how much one gets paid. Being wealthy isn’t just about having the money, it is just as much about having the time and freedom to enjoy the privileges that money provides.

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Multiple Streams Of Income

Having multiple streams of income and ideally non-leveraged cash generating assets will help give you the very best chance to live the richest life you can dream of. Multiple streams of income will give you freedom from the pay check and the resources of time and money to pursuit whatever you wish; be that living abroad, going back to education, volunteering, experiencing the world or following in the footsteps of Batman. Whatever takes your fancy.

The trick is to create rivers, not maintain pipes

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Create Rivers

Rivers are powerful because they are fed from many different streams.

If one stream is blocked or dries up, this does not affect the flow of the river greatly. Your finances should be structured like rivers also, having multiple streams feeding your main river of income so that if one stream dries up or stops, it does not have a detrimental effect on your quality of life and gives you time to create another one and replace it.

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Don’t Maintain Pipes

Living from pay check to pay check is dangerous because your flow of income is more like a single man-made pipe.

If you lose your job then the flow of that pipe is stopped. A new pipe needs to be found quickly, and of a similar size as your last one to maintain your current lifestyle and this is not always easy or even possible. This pipe also, like your job, requires a huge amount of your time to maintain. The key to financial success is having your income flow structured like the natural rivers and streams that require very little, if any maintenance once created.

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You Are Not Depriving Others

Thinking of your finances as an organic stream is a good image as it also highlights the fact that in this world the acquisition of wealth is not a zero-sum game.

In this we mean that, if one person acquires more, this does not result in another being left with less.

Put another way, the world’s total wealth is not like a pie, where if someone has a bigger slice then others are left with smaller ones. This is not how it works. Just like on an extensive mountain range there are multiple rivers all being fed by multiple streams, an additional stream will not result in less rain falling on the mountain side. There is enough rain for all.

Most financially successful people understand this concept, the trick is to create your non leveraged cash generating assets (streams) to help divert this abundance of wealth out there into your own personal income stream. Don’t worry, you will not be forcing others to live without.

This approach takes time to learn how to do, and it is far easier in the short term just to have a pipeline. However if you desire to be wealthy in the future then a pipeline is not enough, you need to have the streams. Learn how to create the streams and you will become wealthy.

Even if you enjoy having a job, as many do, it is a good idea to create multiple streams to supplement your income so that you are not DEPENDENT on your job. That is the key…not to be dependent on a job.

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In Summary

Remember to keep your finances organic like the river with multiple streams feeding it and not man-made like the single pipeline which can be shut off at any time.

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Help Me Out

I give all this advice out for free and so if you like what I write and it help you, please help me out by letting others know. On this site, it has been scientifically proven that by doing so you will become instantly twice as attractive to the opposite sex. Can’t argue with science.

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17 Comments

  1. I like the rivers vs pipes metaphor. I think that focusing is good, but when it comes to wealth, too much focusing can make your approach uni-dimensional and will end up creating problems.

    • Jonny says:

      Hi Edward,

      I would share your concerns on focus however the more I read on finance and the more I learn about the lives and operations of wealthy people, the more I see the benefit and necessity of focus. For me personally, I guess time will tell as I still can’t fully focus on just one thing.

  2. Karen says:

    Hi Johnny,

    I quite like the pipes and rivers metaphor, but found myself wanting more information. How do we create the rivers?

    Are you going to follow-up this article with specifics?

    I think you should add a Related Posts or Further Reading section at the end of your articles so that we can read more about the topics. Just a suggestion.

    Karen

    • Jonny says:

      Hi Karen, there should indeed be a follow up post and I should have a related post feature as well. Procrastination is getting the better of me at the moment but I’ll sort something out. Thanks for the comment.

  3. TimB says:

    Hi Jonny,

    Couldn’t agree more with the points you’ve made in this post. However, I’m a bit stuck – I have a 9-5, I’ve yet to discover how to generate numerous other income streams that are consistent and financially viable so what now…? I’ve read a load of blogs and books but actually getting a viable passive income generator off the ground is proving a non starter for me at the moment. I’d love to see some more specific examples of how a jobbing 9-5er can generate sufficient outside income to leave the rat race. Can’t wait to see the WorkSmart pdf by the way – is it out yet?

    • Jonny says:

      Nice name “Zonejumping” Tim,

      No worries if you have no stream yet, time will bring them. The trick to wealth is turning earned income (pipeline) into passive and portfolio income (streams). I still have only small streams but with time you get better at creating and maintaining them.

      My apologise about the WorkSmart course, I am just revisiting some pieces to make sure it is really awesome and so it will be a little while longer. I’ll send out an email explaining shortly.

  4. jamie blake says:

    its true you shouldn’t have all your eggs in one basket, its important to have many baskets with many more eggs. but be careful because creating baskets is not easy and if you get it wrong its could effect all of your eggs.
    thanks for the blog

  5. Tony Ruiz says:

    Lest create rivers! I love it the metaphor dude!

    If you’re not thinking about how you can personally set yourself for multiple streams of income you better hope that pipe is flowing with one awesome sustainable pay check…their is to much risk involved with relaying on a pipe…what are you going to do when it gets clogged? call a plumber? Then what do you do?

    Set yourself up for rivers people :) Great post Jonny!

    • Jonny says:

      Hey Tony,

      Well as you probably know I am one for imagery and this is one of my favourite – focusing on the rivers instead of the pipeline – as there is so much you can take from it. Glad you enjoyed it.

  6. Rob says:

    Once again great analogy. Passive income is a future goal of mine but like most things of great value they require much hard work and time. Often harder work and longer hours than pipeline income but once the systems are in place and multiple streams are created the river proves a much greater provider.

    OT question…I forget where I read it but somewhere you said you were reading some books on real estate investment. Care to recommend your favs?

    • Jonny says:

      Hi Rob,

      Indeed in my experience it takes a huge amount more work to start generating passive income, especially when you factor in the lost time on failed projects. Still, it is worth it.
      I have actually changed my reading list this year and am focussing on money and finance, not real estate so unfortunately I can’t help you out there at the moment,

  7. flip says:

    im hooked in reading your articles… thanks for sharing man, im now imagining my money pipe and its now broken hehe… now im looking for another pipe to help me survive… though im working on some other source starting from now on… thanks!!!

  8. Kryptec says:

    Nice Advice, Thanks for sharing.

  9. [...] even the shifty-eyed bankers rely on excessive bonuses to buy their ivory back scratches. Check out Creating Multiple Steams of Income For A Super Sexy Life Of Wealth if you want to know exactly [...]

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