Repairing my credit has blessed me with the greatest opportunity to earn multiple streams of income. The results that I gained from repairing my credit…twice (a story for another day) have given me LEVERAGE to create other streams of income.
No matter what your financial goals are, having multiple streams of income will definitely help you achieve the goals faster. This doesn’t mean that you need to go ALL IN as an entrepreneur and leave your day job, but supplementing with other income streams can shorten the time frame in reaching your financial goals.
Personally, having multiple income streams allows me access to resources that I can leverage to create a reality that needs no escaping. A reality that needs no escaping looks different for everyone, and leaning into your why will help you make clear decisions on your income streams. Here’s an inside look at my own income streams that you too can implement and accelerate your financial goals by leveraging your skills.
My 9 to 5 has been my primary source of income for a while and since then I have used that income to leverage other income opportunities with the funds left over after household expenses. Although this position doesn’t pay enough to help me reach my current goal and the household goals that I have with my husband, the intangible benefits that come with this job are invaluable. You won’t find me preaching “Leave your job and work for yourself”, because entrepreneurship isn’t for everyone and those embarking on entrepreneurship can leverage their day job to catapult their success in business.
Over the years I’ve gained a lot of knowledge from schooling and working with past clients and building my own business ranging from marketing to operations and everything in between. At the beginning of 2019, I finally decide to get serious and start consulting and this has been flying ever since. I have had the opportunity to work with some amazing clients and have also tweaked my service offerings. My primary target audience for consulting is service providers and content creators that maintain lean teams and operations. In working with other business owners with massive business, venture capitalists, and angel investors, the demands of that business didn’t suit my lifestyle and thus I specialized in serving a particular set of business owners. Best decisions I’ve made yet.
This income stream is the definition of “sometimes you have to get out of your own way” for me. I went back and forth about doing credit repair professionally as a business venture fear of all the red tape of the industry. However, I was determined to do credit repair the RIGHT way and help customers for the long run instead of giving them a quick fix. I’ve built up the knowledge and learned the rules of the business so it was only fitting for me to start a credit repair business.
As more and more consumers start shopping online, entering the e-commerce space was fitting. I was presented with this opportunity several times and always backed down from it because I was being linear-minded in my income streams. My husband pushed me to do it, and it has been paying off thus far. I have learned more about business as a whole working in e-commerce than any business venture I have embarked on and can’t wait for this income stream to continue flourishing.
Content creation has been near and dear to my heart for quite a while now. I have treated it as a hobby for far too long while seeing others profit from it. The moment I finally started treating content creation as a business, I nabbed two brand campaigns. I find joy in creating content around lifestyle and business and I am now leveraging it as an income stream. There are so many branches to content creation from influencer and brand campaigns, affiliate marketing, and much more. If you decide to leverage this as an income stream, really hone in on how you want to generate income.
Notary Signing Agent
With the real estate marking market booming, I started leveraging my notary commission to do loan signings for homeowners that are buying, refinancing, and doing loan modifications. Being a loan signing agent or notary signing agent is additional income you can earn with a notary commission. Most states cap how much you can charge a customer to notarial services, however, there is no cap to what you can earn and a notary signing agent. Leverage relationships with title companies, real estate breakers, and signing companies to earn more funds with this income stream.
I can’t recall how I came across this particular income stream but it has proven to be a fun way to earn extra money. I’ve had the opportunity of working with various brands and companies that are looking to improve their UX and UI by providing valuable feedback based on the questions they ask. You can take as many tests as you can qualify for and they pay out one week to the date you completed the test. Very easy and can be done on the computer, your mobile phone, or your tablet.
Having multiple streams of income can definitely help increase your financial bottom line and to achieve your goals. You don’t have to take on eight different income streams all at once to make the money. My main goal when it comes to picking a side hustle is to pick the one that fits your lifestyle, empowers your WHY, one that will give you the most amount of revenue with the least amount of overhead, and start there. Master it, automate and scale it, then move onto the next thing.