One of the most important things about what you can do with your time is create a second income. If you already have a 40 hour a week job, you don't need to quit that. You can work on side projects with as little time as 1 hour per day to start to earn multiple streams of income. Take 1 hour out of your time to work on a side business of various types, and you could end up with a small income from that. Let's assume that you could pull in an extra $1,500 a month. That little amount may not seem like a huge jump, but that's what multiple streams of income are all about. You want to build wealth by looking at the incomes you can progress with, and focus on a few set pieces.
Small Pieces Build Big Pictures
The one thing that you have to think about here is that there are small increments of money that can build great wealth. You don't need to drop tens of thousands a month into an account to begin to earn multiple streams of income. You can start with putting into savings a few hundred dollars a month. Just by doing that for several years, you could have a down payment for a large automobile, or a home. You could do a great deal of things with it, and that's the key. And your time, put a little bit of time into your goal to earn multiple streams of income every day and it will all start to build up. Small steps create lasting impressions on long journeys.
Where To Find Extra Income
There are a lot of different ways that you can make a few extra bucks. For instance, you could sell your extra goods through an auction website. Whatever you don't have, just put it up online and set the prices at 99 cents. You will be surprised with how much you can make for what is otherwise just junk. When you are out of inventory, hit up local yard sales and buy things for no more than $1 and you could very well have a small business on your hands.
Another viable option is to start a blog and just write. Writing a blog can give you a voice about what you're passionate about. Over time, you could sell ad space, promote affiliate marketing products, and even get paid to share your opinion. Build a business through blogging and network marketing for something you love. It's a great way to get involved with an extra income, and could very well replace your day job one day.
There are several gig marketplaces online right now. You could jump in and do web design, graphic design, writing, and much more. These are usually flooded with cheap labor, but if you hang in there, you can make a commanding rate and get extra income that is going to absolutely pay more than just a few bills here and there. The key is that these streams of extra money can build a foundation for financial freedom down the line. As long as you continue to work within the right areas, that is.