Self Employed or Bust

Self Employed or Bust recommends:

July 5, 2008 – 7:42 pm

In my previous post, The pros and cons of being self employed, I mentioned one positive I want to elaborate on here and that’s the benefit of being able to diversify my focus and strategies to avoid boredom. I’m the kind of person with a lot of interests. Stick me in a mundane, routine, repetitive task and I simply go insane and knowing that about myself is important.

It pays to know your strengths and weaknesses so you can leverage them appropriately. Knowing I get bored easily means also knowing that my self employment efforts would best be served by diversifying my money making efforts and that’s why I’m recommending the book Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! Second Edition by Robert G. Allen.

Allen’s book is full of advice which may or may not work well for you but it does several things very well. First, it does a great job of showing how having multiple streams of income rolling in allows you to build wealth more easily and more securely than relying on a single source or method. Second, it does the best job I’ve yet seen of explaining the value of compounding interest. Finally, it suggests a broad spectrum of options and ideas which, in my case at least, fueled both the ambition to become independent and served to inspire several ideas of my own.

While most wealth building books I’ve encountered are barely worth the paper they’re written on, I felt Allen’s Multiple Streams of Income actually offered at least some ideas with legitimate merit. Even if you only pursue one of his suggestions and it proves profitable, you’ll be glad you read this book. You can purchase the book through Amazon.com by clicking the link above.

I will be reading Multiple Streams of Internet Income this week and will let you know my thoughts on it as being self employed, for me, begins with building a legitimate online business. Stay tuned!

 

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