“We are not retreating.
We are advancing in another direction.
<continued from yesterday >
Sniff, Sniff, What’s That SMELL!!!!?
The reason Life stinks is because when all youre doing is following the pack your nose is always¦well..you know.
Heck, I dont care if you dont know what to do¦If that’s you, then follow the advice of Scott Lane, a good friend of mine and a member of my mastermind group….he has become famous for saying….just ‘DO SOMETHING!’
I do TONs more than just my primary source of income and real estate. But the key is they are all dependent of proven SYSTEMS. In the exact same way a person owns several different franchises – the income is designed to stream in without having to be there 12 hours a day.
LETS BE HONEST… When you try something new, you will ‘stub some toes (Ive mentioned I just stubbed my toe¦AGAIN! Good thing Im not totally dependent on just one source of income). But at the same time you will also have some breakthroughs that could never have been found without all the ugly stumbling and bumbling.
You MUST never be complacent and just keep raking in the money from whats working now (remember ‘status quo NEVER stays ‘status quo) without reinvesting some funds and looking into something else that might work too. NEVER.
By the way, at the same time youre reinvesting¦you also MUST take some chips off the table¦a PAINFUL mistake that I just committed and knew better, but did not do. OUCH! ( A SIDE NOTE: “SIN is an archery term used to describe the distance between the bulls-eye and where the arrow actually hit the target. With that background, A “sin of ‘commission is NOT equally as painful as a sin of ‘omission. Because , at least in a sin of commission you took action and shot the arrow¦you did something trying to hit the bulls-eye, but the sin of omission youre at the mercy of outside forces because youve done nothing to influence your results-youll never hit the target because you never gave it a shot.)
“Advancing in another direction = action. And the zig-zag flight of a missile that has been launched is evidence of the missile being off course and needing to correct its course, BUT it never gets a chance to correct its course…
Unless it gets launched.
Too many peoples missiles get stuck in the count down. Whos to blame?
You decide. By the way¦did you see the title of Donald Trumps new book? “Think Big and Kick Ass in Business and in Life! It starts with ‘Thinking BIG, but the “Kick Ass part (his words, not mine ) =Take Action!
“Take Action, But Dont Let Actions Take You!
“Think Big¦Dream Bigger!














Leave A Reply (2 comments So Far)
Greg Finzer
1603 days ago
Thad,
It seems you are echoing what Robert Allen is saying in his book “Multiple Streams of Income”. I currently only have two streams of income, my day job and my small business. In your opinion, what income streams require the least capital and time investment?
I am thinking about generating multiple streams, but there are so many get rich quick schemes out there that generate income for the people that are selling the schemes instead of generating income for the purchaser.
Which ones are good ones Thad?
Thanks,
Greg Finzer
CEO, Kellerman Software
Jim Troth
1603 days ago
Multiple steams of income is great. Better is to have a stream that does not involve your own time being used up constantly to create cash flow.
Create a product once, sell it over and over.
Own rental property, get rent payments each month.
A savings account is a type of residual income because the bank pays you interest and you do not have to be there doing physical labor to earn it. This is a low level of income because the the interest paid is too low.
For me if a tenant does not pay, it sucks but I have my home inspections earning me cash flow. The more streams of income the sturdier the “financial table”
Imagine a table with one leg(income), if that leg gets cut, then the table falls. Now imagine a table with 10 legs. This 10 legged table can have several legs cut off and still remain stable.
How stable is your table?