How to Create Multiple Streams of Income

We admire the rich and wealthy in society. We read about them. We dream to be like them. We follow their every move, latest acquisitions and business takeovers. I have studied many of the rich, and one thing I have noticed about them is none of them became wealthy by having just one source of income.

Dangote, Otedola, Adenuga and the likes have interests in a lot of sectors and are doing well. With multiple streams of income, you are assured of financial independence and security. Of course, you don’t have to start by building a refinery or buying a hydroelectric station, but in your own corner, you can take little steps that ultimately result in financial freedom.

Before we dive right into some income-generating ideas, I will like to share 4 foundational principles that you must follow to make your journey a success.

1.      Base Income: Before you even think of creating multiple sources of income, you will need to have a base income. It could be a job, a business, or monetizing your skill. The advantages of having a base income are enormous. First, you will always have something to fall back on in case of any emergency. Secondly, this will help you in minimizing any pressures you encounter while you set up your other businesses.

2.      Patience: Creating multiple streams of income takes time and effort. Avoid any quick rich scheme. At the end of the day, you will bite your fingers.

3.      Knowledge: You cannot simply dabble into a project ignorantly and expect success. Most times, it does not work that way. You need to have sufficient knowledge of whatever project you want to embark upon. There are books available, online tutorials that you can take advantage of.

4.      Mentorship: Mentors have threaded the path before you and therefore have sufficient knowledge that will be useful to you. Whatever source of income you want to engage in, look for a mentor in that field and connect.

Now, let us look into ideas that are bound to generate additional income for you, apart from your base income.

1.      Invest: There are lots of investment options available that you can take advantage of. Farmcrowdy is an option for those interested in agriculture. There are platforms that allow you to save your money over a period of time and you get interest. Mutual funds, T Bills, government bonds are quite popular too.

2.      Write a book: There are some subjects that you know well and could be an authority in. Writing a book is an interesting way of monetizing such knowledge. Platforms like Okadabooks has been set up for authors to write, sell and earn money

3.      Blogging: Linda Ikeji, one of the most popular bloggers in Nigeria is an example. If writing a book looks difficult, you could start a blog on your interest. Food, politics, science, fashion…whatever it is, people want to read. The more visitors you have on your blog, the more the potential of making money

4.      Real Estate: You almost can never go wrong with this. Real estate is one of the most secure ways of earning extra income. This is because over time, real estate properties, landed properties, for example, tend to appreciate.

5.      Mini Importation: Online platforms like Alibaba and Wish have products that are generally affordable. With mini importation of those products, you could sell to your neighbors, friends, and colleagues. And the best part, you do not have to leave your house while at it.

6.      Tutorials: You can tutor students or those writing professionals. There are online platforms like Tuteria you can take advantage of. Creating a Youtube channel too is extremely effective.

Nothing is better than having money enter your accounts from different sources. You need to take advantage of the numerous opportunities available around you. Meet a need and ensure you get paid for it.

Karma is bullshit

Karma, I believe, is bullshit.

It is not everyone that does bad that will reap the rewards in their lifetimes. Some truly evil people have lived well, enjoyed life and died well. Karma means perfect justice. People getting exactly what they deserve. Bad humans getting bad things. Good people getting good things.

Karma is a social construct to modify the behaviour of humans. It has worked well, but it is failing. We see honest good men die young. We see evil people enjoy life. We see honest men live miserable lives. We see slaves ruling over kings. We see kings turn to slaves.

Ecclesiastes 7:5 

All things have I seen in the days of my vanity: there is a just man that perisheth in his righteousness, and there is a wicked man that prolongeth his life in his wickedness.

This is not to encourage evil living. Evil has consequences. In fact, every action has consequences. (Newton's Third Law). So ensure you live your life well, putting others into consideration first. But do not do so because of the fear of karma. Because when you see those that have escaped karma (you will surely see), you might be tempted to change your ways. You do not deserve that. 

Love and its idiosyncrasies

Love

Love is the most abused word on Earth. Everyone claims he or she loves. Everyone claims he/she is a lover. You feel a little sensation in your belly when you see or think of someone, you call it love. That is bullshit.

The sensation you feel when you see someone beautiful or you are attracted to is not love, it is a basic chemical reaction going on in your brain. Love is not an attraction. Love is not a likeness. Love is much more than a feeling. Love is action. Love is hard work. Gritty, hard work.

Love is forgiveness. Love is putting others first. Love is praying for your enemies. Love is not wishing evil on someone that has done nothing but evil to you. Love is not selfish. Love is praying for your parents that were never there for you. Love is respect. Love is giving. Love is sacrifice.

Love is going out all the way for someone who would not move an inch for you. Love is not repaying evil for evil. Love is overcoming evil with good.

Love was expressed in its purest form when God sent His Son to die for the sins of man, even while we were still in that sin. God took the greatest risk of all. Man could reject him. Man could refuse to believe in Him, yet, he sent his Son. That is love. I don't care how bad you are. I don't care how selfish you are. I don't care how evil you are, but I will pray for you anyway. I will forgive you anyway. That is love.

So before you claim someone loves you, ask yourself if that person loves God. Because if you don't appreciate God's love, you cannot fully love others. Only someone lost in God's love can fully love you.

A quote from 1st Corinthians 13, The Message version

Love never gives up.

Love cares more for others than for self.

Love doesn’t want what it doesn’t have.

Love doesn’t strut,

Doesn’t have a swelled head,

Doesn’t force itself on others,

Isn’t always “me first,”

Doesn’t fly off the handle,

Doesn’t keep score of the sins of others,

Doesn’t revel when others grovel,

Takes pleasure in the flowering of truth,

Puts up with anything,

Trusts God always,

Always looks for the best,

Never looks back,

But keeps going to the end.

2020 Progress Report - February 13th

I just finished my fourth book this year.

One of my New Year's resolutions is to read as many books as possible covering different genres. I want to explore different themes, different works from different authors from different cultures.

Here's the list of books I have read
1. Noo Saro Wiwa - Looking for Transwonderland
2. Ijeoma Umebinyuo - Questions for Ada
3. The Christian Man - Patrick Morley
4. All The Bright Places - Nivien Jennifer

I don't know which is next, but I am sure it will be interesting.



I have started publishing my poems too (Sometimes, I consider myself a poet..lol). You can check them here - https://www.poemist.com/samson-oloto

KC 2017 Overtakers: Notes From Seminars And Sermons

SEMINAR 1: MINDSET OF OVERTAKERS - PASTOR LAMIDI Amos 9:13

Leaders take responsibilities. It's a sign of maturity to know when to say sorry.

Gen 11:6.

The mind is a very powerful tool. When everyone decides to do something, no one can stop them.

Start to prepare for your turn

When things are not working, be a voice. A voice of reason and constructive criticism.

Rome 7:24 You need to stand in the gap for the people you lead.

Phil 4:8 Your lifestyle should be one that is worthy of emulation.

Overtakers mindset [Life isn't a competition. If you compete with someone else, you will lose your track].

For you to be an overtaker, you must be C-A-P-T-U-R-E-D.

C - Consecrated.

A - Adaptable

P - Principled

T - Task oriented

U - Be an understanding person. (Know the value of what you are doing, who you are and your calling as a leader and minister)

R - Reliable

E - Enthusiastic. Be passionate

D - Diligent

SEMINAR 2: PASTOR DENNIS BRENNAN - (Leadership Seminar)

God says He is ready to use you save all those around you only if you believe.

Hunger for more of God brings about more of him

You never get too old to learn something new. You must always be teachable

You cant be an overtaker if you haven't been overtaken

People are the reflection of their leaders.

You cannot lead people where you haven't been to yourself

1. You as a leader be spirit filled, spirit formed and spirit led. John 15:5

2. You must walk a genuine walk with God

3. Love the Lord your God with everything you have.

4. Be the best overtaker that you can be and you will produce similar followers

5. Demonstrate an example of leadership

6. People don't care how much you know until they know how much you care. When you love them with the love of Jesus, they will listen.

7. You must be visionary. Take your followers to where you've been. If you've not been there, it'll be difficult leading people there

Anybody can steer the ship, but it takes a leader to chart the course

Have a personal passion for your God given vision and your relationship with Jesus

Passion elevates your enthusiasm

Dot allow cultural norms, trend of the day, political situations to limit you. Don't let what is going on around you to stop you from doing what the Lord has planned for you to do.

SEMINAR 3: PASTOR DENNIS BRENNAN - DISCIPLINE OF AN OVERTAKER

Amos 9:13 2nd Timothy 2:1-6

Discipline is the trait of a well behaved person

1. Being disciplined in the grace of God. Grace is a character we should learn and imbibe

Grace uplifts and uploads

Grace is not lazy. It is hardworking.

Preach the gospel in and our of season

2. The discipline of soldiers. Overtakers endure difficulties and hardships. They always trust that God is in charge

If we want mastery, we have to learn to discipline ourselves.

Learn industry, hard work and diligence for you to Reap at the end of the season

SEMINAR 4: MANAGING YOUR HOME - Bar Olubunmi Fayemi                       

                      

"To make a sweet marriage will happen only with the conscious and unrelenting effort of the man and woman"~ Olubunmi Fayemi                        

You must make sure that you are involved fully in everything in your home                       

 In the making of a home, it is necessary that both parties must gain the trust, confidence and morale of each other                       

Some roles are to be performed jointly while some are to be performed individually                       

Ensure there is a contact on a daily basis with your partner

Be romantic, be sweet and be affectionate

You must have the ‘this marriage must not crumble’ type of mindset

Jointly, there must be a critical assessment of your own self. Don’t lie to yourself

Present your partners to your children as the best ever

You must develop a positive perspective of the personality of your spouse

Individual Roles in Making Our Homes (4 Things A Man Should Do)

As a man, ensure you uphold the head of the cabinet in the spiritual and financial affairs

Take charge of the basic needs in the home

When the woman is settled, you are settled. Women should understand the financial capabilities of their husbands

Satisfy your wife sexually. Know her ‘mumu’ button and ensure you press it as much as possible

For the Women

Respect and honour your husband. Submit yourself. Even if your diary is more than his.                       

Give him good and memorable attention. Don't be too spiritual. Dress well.                       

Give him the bum short that he needs to see in your house.                       

It's not only when your husband give you money that you say thank you. You should even after a very good sex                       

For a woman support your husband's family.                       

To earn a man's respect, take care of his family.

SEMINAR 4: PASTOR SEGUN COKER - LOCATING YOUR LIFE PARTNER

It's not just about finding someone. It's about finding "my own"

It's not just about finding someone that would fit you but someone that God has worked on to fit you

It's only God that can give you a spouse that will fit you now and will keep fitting you.

Compatibility with God is future determined not present determined     

                    

The accuracy of your relationship decision is a function of the accuracy of your compass reading with the Holy Ghost. It determines how accurate your are in deciding for marriage.

When man wants to measure spouse for you, he looks at you NOW and give you your accurate measurement. But when GOD wants to measure a spouse for you, He looks AHEAD of you at least forty (40) years time for you to have a great & accurate measurement

Make Holy Spirit your compass not your eyes

God speaks to us using Peace. Whenever you lose your peace, it is a warning from God.

No one can take whoever is yours. God will reserve your spouse for you.

Targeted Ads: Basic Things You Need To Know

A few days ago, I needed to get a new battery for my phone. So I checked Google for suggestions on where I could get some. Konga, Jumia (the usual suspects) popped up and I checked around their websites. After sometime, I logged off and ended up not buying.

A day later, I logged into my Facebook account to do some gossip. Guess what I saw on the suggested ad section? The same exact battery model I searched earlier and more similar suggestions. I was surprised. How did Facebook know I checked up this battery model earlier? Same thing on almost all other sites I visit.

Did a little research and learned something. It’s called Ad Targeting. This is how it works…When you visit online retail sites, your browser submits what you have searched to third-party ad networks. Such information are like codes stored in what we called browser cookies. These allow the ad networks share info on what you view and buy. [You can clear and disable cookies on your browser]

When you then visit other sites in the same ad network, since they have your info, the ads you viewed could be displayed again, hoping to tempt you one more time.

image credit: IPdigIT