Why Multiple Streams of Income Might be delaying success

By
Real Estate Broker/Owner with Pareto Realty TN #251071

You’re not cool unless you have multiple sources of income.

Oh yeah! THAT’S the key to wealth . . . prosperity.

I hear this everywhere.

“Get rich Gurus” proselytize this great wisdom as being the magic pill.

The more streams you have, the better.

If one stream loses steam and dwindles to a trickle (or loss), theoretically, the other streams will take up the slack and keep you in the GREEN.

But WAIT!

What happened to “FOCUS on the ONE thing” line of thinking?

Most of these same gurus are preaching the importance of focusing, with intensity, on that ONE niche pursuit . . . and work diligently – persistently – consistently over time to achieve MASTERY!

Mastery is the Golden Egg! It’s the “place” where you enter flow and reap what you’ve sown through the years.

Can you have both?

Can you have your cake and eat it too?

A universal truth for most folks:

The Jack of all trades is the master of none!

This is a choice!

and I’m of the opinion that you cannot cheat at this game and win.

and I’m aware that some people WILL make a lot of money with multiple streams of income, but at what cost?

Published by Barry Owen

Strategist-CEO of Pareto Realty Real estate sales Professional Inviter-Facilitator-Practicer of Open Space Technology Opening safe space for people & organizations to self-organize around issues & opportunities BarryOwen.US Invite-Listen-Love

Posted by

Barry Owen

Founder
Principal Broker
Pareto Realty
Nashville, TN

615.502.2080
www.paretorealty.co  
Call me: 615-568-2123
email me: barryo@comcast.net

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Rainmaker
483,666
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

Yep, been there done that, spent tons of greens and never saw success with them.  By the way, I got my Marketing Management Degree from MTSU!

Apr 08, 2019 08:01 AM #1
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1,691,173
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We recently sold our property management company at a big profit but we had decided that we wanted to get back focused on our real estate investment sales.

Apr 08, 2019 08:54 AM #2
Rainmaker
2,656,582
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

In today's world some folks need multiple streams of income to survive, especially if they are working a minimum wage jobs.  That's when education can make a significant difference.  During the 1990s, Sacramento was in recession.  I took what was supposed to be a temporary job at a software company.  I hoped to get back to real estate once it was over.  However, I found that the software engineers at the company made good money, and wanted to buy homes.  I ended up selling real estate before work, during lunch and after work at my "day job."  That temporary job was supposed to be only 4 months, but lasted over 8 years.  I had a whole lot of fun during those days, even though I was burning the candle at both ends and in the middle.

Apr 08, 2019 09:18 AM #3
Rainmaker
2,656,582
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Barry, on having this blog FEATURED in the Old Farts Club group!  

Apr 08, 2019 09:18 AM #4
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Barry, back 20 years ago it was not uncommon to see REALTORS with a license for a loan officer too.   Today I think that is a huge conflict of interest.

Apr 15, 2019 01:53 PM #5
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