EARNING EXTRA INCOME IS SURVIVAL

Jack Of All Trade makes all the Money, that is the sure way to make money in Nigeria. The era of job satisfaction in Nigeria is far gone. These days even the white collar jobs are no more admirable and the collars do not stay white again.
The above is the situation around the world today where a single stream of income will not help man survive anymore. I ear bankers lamenting due to cut in pay and benefits, they now have to cope with a “not enough salary” but more work to do as the banks have “ right-sized” like they would cosmetically term their activity of laying off a huge number of employees.
Ironically, these same jobs that employees are crying save our soul are the job millions of unemployed graduates are scambling to get. A situation of a thousand dogs struggling and fighting to be the one to eat a particular big bone when there are many other pieces of bones scattered everywhere that can be eaten.
The key to survival in this economic downtime is Multiple Streams OF Income. Robert Allen, spoke about this Like a prophet in the wilderness, now it is a reality. No matter who you are or what level you are, multiple stream of income or extra income is the key to financial independence.
For job seekers, as you are patiently waiting for the job to come, I urge you to also aggressively look for something to do, if you have a job, an extra income is a must and if you run your own business, seek to add additional income stream to your main stream business.
Extra income does not have to be another business, it could be investment in the capital or money market, real estate, consulting. You could render a service at your spare time that will not disturb your main stream business.
Typical Examples
1. An office secretary can sell recharge cards to co workers, even a security man can do likewise.
2. An white collar job employee can cut hair in the evening after work to make extra cash.
3. A CEO can invest in transportation or short time capital market trading.
4. I am a marketer but I love taking pictures and I make extra income from that.

There are different types of income you must make
1. Daily income
2. Monthly income
3. Long term income
4. Residual Income
Daily income can take care of your day to day needs and give you enough leverage to be able to invest a reasonable part of your monthly income for better investments.
Residual Income is the income that you keep getting for life even when you are no more working. This income is guaranteed inflow no matter the situation. If your residual income can become more than your active income (that is other types of income), then you can say you have become financially free.
In conclusion, it is a SIN not to have extra income stream. Take a bold step, do something and move forward.