Streams of Money

Most people in this life are day dreaming of becoming rich. In the past decade it has even become a profession. When you asked a teenager; what do you want to become? He or she will answer you RICH.

Most people will sit and think a lot of quick scheme. All these schemes will end in pettiness and indebtness or even worse in jail.
Some think that the recipe to become rich is hard work. There is another group that thinks it is a breeze of good luck and if you are Christian you hope it is God’s will.

If you ask me; my personal opinion about how to get rich, I will say it is all above.

As an entrepreneur I will give you the recipe. You must know that even though you have the same recipe as everyone, we are individuals, and have our own characteristics. This means everyone will prepare it exactly the same way, but the food will taste differently. There are some secret ingredients you need to know, and I will share them with you too.

The recipe is as follows:

If you have followed your economy lessons, you know that our income comes from four sources. Which have a collective name, the production resources.
These production resources and their remuneration are:

Production resources  => Remuneration
Nature => Lease
Labor  => Salary
Capital => Interest, Dividend income, Capital gains, Rental incomes
Entrepreneurship => Profit, Royalties

When we are making a food recipe we must always know that the clue is how to mix the ingredients. This must be done at the right moment and with an accurate measurement. We all know that sometimes you have to take risk and add other ingredients and wait patiently to let the food simmer so the food taste will become fantastic.

So let start cooking:

Dreams on plans/make a life plan

Every time we sit and start (day) dreaming we need to take notes of these dreams and plan them out (read article ( are my dreams good or bad investments  https://bit.ly/34vIpbe    ). Even when you are sleeping, always put a notebook by your bed. The most brilliant ideas will happen by night. This is because you are in your own quite zone without disruption.

Always make a life plan, a life plan, is a plan were you schedule, when and how you are going to achieve assets.

Working hard

When we are going to work hard we must understand that this implies that you are going to work S.M.A.R.T.:

•  Specific =>we are going to work to achieve our goals we have planned.
• Measurable=> doing the job we like, will make us work with more zest and passion
• Achievable =>we need to plan realistic how much time we are going to spent and how much time we are going to take as leisure time.
• Relevant => strategically planed our day to achieve our daily targets.
• Time => how much time a day we are working hard and when it is time to enjoy life.

Opportunity vs. not taking the risk

When we get our salary from our daily jobs, we need to spend only a portion (80to 90% of it) for our consumption. Between the margins of 10 to 20 percent of our income we need to save and from this portion we need to invest so we can start having a passive income.

We need to invest in all the production factors we can. So streams of money can flow from all directions

When we find our self in the position to buy some stocks let’s make good use of it. There can be possibilities too, where companies need to borrow money to invest. You can lend them some money too.

Streams double up

To multiple our income we need to generate some extra income with some side hustle.

My definition for stream is all the extra money you are getting; we must invest it in different activity so we can double our income.

Example of activities to double your income:

• Stocks
• Savings
• Buying and selling goods
• Royalties
• Rental of goods

Resuming my recipe to become rich is, make a life plan, and do not be afraid to readjust it. Get a job, do not spend all your income, save some double your income by doing side hustle, take risk and invest in some passive income (stocks and royalties) and become financial free.