Covid 19 is still there and many countries are still in a dilemma on how to handle it. After a period of lock down restrictions, we are still to use masks in public places and if we don't comply, a huge fine will be given. The impact of this pandemic is not over. One of my clients, is getting rid of 3o% of the workforce. Well, some of the people leaving the workforce will get some monetary benefits to leave but the future is...
No one can tell the future, and that is the reason that I am a strong believer that everyone should have multiple streams of income. I have been telling friends and communities that I have been invited to share in the topic of money that depending on a single source of income is a very dangerous way to live. I was shocked to see the comments of people attending the webinars that I was speaking to. So many of them said they are jobless or about to be jobless. Many already have salary cuts.
It is time to wake up!
No one can tell the future but there are things we can do to face the future. The main reason that people lose hope, commit suicide, feel depressed is money related. Statistics also show that one of the main reasons of divorce among coupples is money matters.
So, what is my point? The point is that we all need multiple sources of income. Let me use my situation to make it clear and you will know that I am not sharing just some theory stuff. If you know about us, I mean, my wife and I, we have a business, Fivecat Productions, that functions as a marketing agency helping our clients with leads generation, content creations, social media engagement and much more. Was the business affected during the Covid 19 lock down? Yes, to a certain extend but we still managed to have some online campaigns for some clients.
I also have my entertainment show business. I am "Mr Bean" impersonator, so I do a lot of live shows for companies for the past seven years and during the lock down, I had zero shows. Zero shows means zero income from entertainment. Well, not exactly, we did a couple of special birthday greetings recording but the charges are very low to consider it an income.
This is the interesting part. For many years, at my own pace, I have been doing online trading mainly forex trading. Not a big deal, and when I started back in 2008, I lost a lot of money. Then I refined my methodology and I got better at it but I still did not take it seriously until the Covid 19 hit.
I was stuck at home. So, I cannot do "Mr Bean" shows, the marketing business Fivecat Productions is handled by my wife, and I decided to focus more on my trading. It was a breakthrough for me because during the month of March when the situation around the world was the worse, I made the most money trading online. My wife got shocked.
Why am I telling you this? The reason is to show you for real that generating income from different sources is possible and doable. And that is not all. I also launched an online course on how to trade. I went live on Facebook where around 40 people were watching and half of them bought my online course. This generated another stream of income.
Dear friends, I hope by now your mind is more open to the idea of multiple streams of income. Some of you might have gone back to "normal" situation. Back to your job and business, but remember, No one knows the future. Do something about it. Do not live on one source of income. Learn and monetize a new skill. It might even be your hobby. Just do it. Do not waut for another major crises to happen. Take action NOW.
Hi guys, Faiket Luari here. I am originally from a small beautiful country called Albania. For more than 20 years have been living in Asia, mostly in Malaysia. I am a trainer, coach, entertainer & investor.