Why you need multiple streams of income

These days, I wear many hats. I am a writer, blogger and photographer. I write on Fashion and Style Police, collaborating with many brands on sponsored content. I also write for other websites as a ghost writer and I also handle blogger outreach for many clients. I have also recently added social media management to my portfolio which is forever growing. I now manage social media platforms for brands and I am seriously loving.Having multiple streams of income is the way to go, and I cashed in on that really early.

As soon as I decided to go self-employed, I knew I had to have multiple streams of income to keep afloat. Apart from all these jobs I do, I also have an eBay shop that does get really busy. Plus I wrote a book in 2016 that still brings in money. And I am not looking to take things easy anytime soon. I have a few more streams of income I am working on and plan to launch later this year so watch out for them.

 

Blogger thieves & how to deal with them image

 

So why do you need multiple of streams of income? Here are a few reason why.

 

Cash Flow

Some streams of income can get really quiet at certain times in the year. Which is why it is very important to have multiple streams of income to keep your money coming in. Relying on just one stream of income as a self-employed/freelancer is very dangerous.

 

No Dull Moment

Everyday is different when you have multiple streams of income. I work with various brands everyday, doing different jobs and I love it that way. Variety is the spice of life!

 

Build Wealth Long Term

Building wealth long-term is possible when you have various sources of income. It is a smart to work and build wealth. Money worries keep many of us up all night. Paying up the endless bills every month with just 1 stream of income is almost impossible these days.

 

Instagram update image

 

An average millionaire has 7 streams of income. They are awake enough to understand the importance of diversifying and creating multiple streams of income. Earning money in different ways is the key to long-term wealth creation and financial freedom, which is the dream. Financial health is very important for our mental health, so it is essential we take control of it to live freely.

What are your thoughts on this? How many streams of income do you have? Please share your views in the comments section below.

Thanks for reading.

 

 

6 Ways To Be A Better Freelancer

As the number of freelancers increase, you’ll start to feel the pressure of competition. To stand out from the crowd you have to consistently work on yourself to be the best freelancer in the industry.

 

Freelance Image

 

Although being the best is not easy, it’s not impossible either. All you need to do is to be committed to following these 6 simple things that will make you a better freelancer.

 

  1. Plan your week

Freelancers thrive in efficiency. If your schedule or routine is disorganized, it can affect the quality of your work and the speed of your delivery.

That is why successful freelancers make sure they plan ahead of time. They plan their year, quarter, month, weeks and days in advance.

You may not have to plan that far but you should at least have a clear picture of how you want your month to be, the goals you want to achieve and the exact things you need to do during the week to make sure you get there.

 

  1. Develop your skills

Freelancers never stop learning. If you want to get better then you need to set aside time everyday to hone your skills and develop your craft.

Which aspect of your skills do you think needs a lot of work right now? Dedicate time to improve that skill. The more you work on it the better you will get.

 

  1. Under promise, over deliver

Clients love freelancers who are able to satisfy their needs far above their expectations. The way to do that is to under-promise and over deliver.

Most freelancers promise heaven on earth when they pitch to their clients but hardly put in the work that will meet that standard.

A good freelancer will stay humble about their promises and then strive to give their clients the best.

 

  1. Exercise to stay healthy and stimulate brain activity

It’s sad that few freelancers

\engage themselves in regular exercise. You may be working from home but you must never neglect your health.

Set aside time – at least three days a week – to exercise your body.

Exercise helps to stimulate brain activity. This will help you stay sharp and alert while working on client work. Exercise also helps to boost your mood.

If you can, try to schedule exercise in your planner everyday so that you begin your work pumped anytime you’re ready to work.

 

  1. Build your personal brand

Your potential clients won’t get to know you if you just hide behind freelancing sites like Upwork. To increase your reach you need to work on building your personal brand.

Share valuable tips on social media, create helpful content on your blog, and engage with owners of brands and companies. Put yourself out there and let people know about your skills.

As more people get to know you and what you are capable of offering, you will be seen as a go-to person in the industry.

 

  1. Collaborate with other freelancers

Freelancing is a lonely business, but you need to realize that you can’t succeed as a freelancer alone. Collaboration pushes you to reach out to make friends with like-minded people in the world of freelancing.

As you collaborate with other freelancers it’ll expose you to a larger audience, plus you get to learn more about the trade from the eyes of another freelancer.

 

Do you have any freelancing tips to share? Please do share in the comment section below.

 

Outfit Post – Purple Rain

Purple was one of my wedding colours, which was no surprise as it is one of my favourite colours. My mini-me has tapped in on it as well; she adores the purple colour. But as much as I love the colour purple, and the song – Purple Rain by Prince, which inspired this post, I only have a few purple pieces and accessories in my wardrobe. Which makes no sense at all. How can you love a colour but no shop for pieces in it?

 

Outfit post image

 

I plan on adding more purple items to my wardrobe. I am still not sure why I have only a few purple pieces but that is the reality. This shirt is a new wardrobe addition. I got it some months ago from the city of Kentucky in the US as a souvenir. It is one of those casual pieces I can just throw on when I am feeling too lazy to play dress up or too warm to think. The weather has been extremely uncomfortable warm for some time now. Most times I struggle to think of the most appropriate outfit to rock because of the heat.  How is the weather at your end?

 

Fashion Blogger Image Fashion and Style Image

 

The cream sandals are new as well. I got that while holidaying in the US. They are great for the weather and dead comfy too which is a plus.

I am currently wearing my hair in a fro and treating the hell out of it. I have been experimenting with some new natural hair products and I will be sharing them in an upcoming post. It is amazing how much my hair has grown in the last few weeks. It just shows whatever you pay attention to grows.

What are you paying attention to?

 

Outfit Picture

 

WHAT I WORE

Purple Kentucky Souvenir T-Shirt

Black Skirt – SHE Fashion

Cream Sandals – Esprit

Cream Bag – Michael Kors

Black Sunnies – Marc Jacobs

Pink Watch – Apple Watch

Black Scarf – M&S

 

 

 

error: Content is protected !!