How to Reach Your Money Goals with Multiple Streams of Income

March 27th, 2017 Tags: Dexter Montgomery, entrepreneur, Pamela Montgomery
Posted in Getting Started On Line, Podcasts

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How to Reach Your Money Goals with Multiple Streams of Income

How to Reach Your Money Goals with Multiple Streams of Income

The first quarter of 2017 is almost over. Are you on track to reach your money goals for 2017? Or are you struggling to make your business profitable? Perhaps it is time to approach your money goals with a different mindset and action plan. This episode of My Biz Dream Team: Opportunity Wednesday Training Series addresses how you can reach your money goals with multiple streams of income.

Develop S.M.A.R.T. Goals

You should begin this process by setting goals that are S.M.A.R.T. Make sure that your goals are:

S: Specific

M: Measurable

A: Attainable

R: Realistic

T: Time-bound

Meaningful goals are essential requirements of business success. With goals, you have (1) a target to aim for; (2) a purpose for being; (3) and a direction to travel. Without goals, you can wander aimlessly and get sidetracked by any new thing that comes along.

Make a Habit Of Tracking Your Income and Spending

Developing good money habits is essential for your success. Otherwise your money habits could sabotage your business success. One very good money habit to start, if you have not already done so, is tracking your income and spending. This means tracking all business and personal expenses.

Develop Multiple Streams of Income

One way to meet your money goals is to develop multiple streams of income. If you are still working, you can start a business on a part-time basis. It is great to have a Plan B. Your job may end unexpectedly. For example, your employer could decide to downsize or re-organize. Or your union may decide to go on strike. Whatever they call it, you are out of your job.

If you have already started your internet-based lifestyle business, you can begin to add multiple streams of income. You want to start with 1 or 2 models and then add more later.

For example, consider the following:

• Affiliate Marketing
• Writing books
• Teaching Classes On-line
• Selling Information Products
• Mentoring
• Selling Products on Amazon

Conclusion

You can reach your money goals by following a few time-proven steps. First, set S.M.A.R.T. goals. Second, begin to make a habit of tracking your income and expenses. Third, develop multiple streams of income.

At My Biz Dream Team, we can show you how to develop an internet lifestyle business that can help you reach your money goals. Check out The Strategic Pathway to Success Program™. Let us show you how to reach your goal of creating a lifestyle and a business that you love!

I am Pamela Montgomery, attorney, author, entrepreneur, and speaker, helping you create the life of your dreams as you achieve uncommon results in your business and in your life!

Also published on Medium.