What Millionaires Do To Create Multiple-Streams of Income

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This issue is brought to you with BestSelf Journal. And you know, The Brain Buddha loves journaling.

In this issue:

  • Brain Buddha: How to Quiet the Chatter In Your Mind
  • Money Buddha: What Millionaires Do To Create Multiple Streams of Income
  • Body Buddha: Build Muscle & Strength Fast
  • Relationship Buddha: How to Be a Better Friend
  • Brain Buddha’s Visual of the Week

BRAIN BUDDHA 🧠

How to Quiet the Chatter In Your Mind

Whether you’re berating yourself with negative self-talk or you’re trying to solve a problem that’s frustrating you, you might be fighting off multiple voices in your head creating a chaos of voices.

Experimental psychologist, Ethan Koss, sees our inner voices as a strength if you can control those voices (keep in mind, he’s not referring to “voices” due to mental illness – but our inner voices).

One of the key strategies Koss shares is to use “distanced self-talk”. That is talking to yourself as if you’re another person.

Read the interview with Ethan Koss via Recommendo.

Also, a shout-out to The Sample, if you love discovering new newsletters, join The Sample. It’s free.


MONEY BUDDHA 💵

What Millionaires Do To Create Multiple Streams of Income

A big part of my money philosophy & strategy is incorporating multiple sources of income (i.e. not solely relying on a job salary for income).

This was a lesson I learned the hard way back in 2003 when SARS first hit and I was told my salary would be cut by 50% indefinitely (at that time, we had no idea when SARS would be over).

That was a like being thrust into a tub of ice and gave me a biting wake up call to ensure I would never be in that situation again.

If you weren’t born into money or a wealthy family (I definitely didn’t), you most likely believe wealthy people inherited their wealth.

But, you would be shocked that in this study, 76% of millionaires were self-made.

Some other interesting tidbits:

  • 31% described their background as poor
  • 45% described their background as middle-class
  • 65% of self-made millionaires had 3 streams of income
  • 45% had 4 streams of income
  • 29% had 5 streams of income

One of the Money Buddha’s mantra’s is:

“Where you are now, is not where you’ll always be six months or a year from now.”

[Read on for how these millionaires created multiple streams of income]

*See Disclaimer


BODY BUDDHA 🧘🏻‍♀️

Build Muscle & Strength Fast

Building strength no matter what age you are is a key element to a healthy body. But, building strength (and thus muscle) is a very personal choice in how it’s done.

I’m very conscious of safety and preventing injuries when it comes to strength-building. Not all workouts or trainers for that matter are designed to be injury-free.

The other problem with trying to perform workouts?

Time.

The most common excuse (I know I use it!) is lack of time. So, figuring out how to get exercise & workouts in without spending a lot of time always sparks my curiosity.

In this post, Dhimant Indrayan, shares how he uses supersets to build muscle in less time.


RELATIONSHIP BUDDHA ❤️

How to Be a Better Friend

I often wonder if I’m a good enough friend.

As an introvert, my close circle of friends is very small, so I often wonder if I’m showing my gratitude & treating my friends good enough.

Via the Brain Pint, this post by Good People, shares ten ways to be a good friend, here’s some of my highlights:

  • Surprise them with a treat. Food & drink easily bring people together and is an easy way to bring joy to your friend’s day.
  • Let them know you’re thinking of them. As we get older, we get busier with our own lives & families. Popping a message to your friend to let them know you’re thinking of them is a simple & easy way to let them know they’re still in your thoughts.
  • Show genuine interest & dig deeper into something they’re excited about. Is your friend working on something they’re excited about? Dig deeper and ask more questions about it, show genuine interest .

VISUAL OF THE WEEK

*Disclaimer: The Brain Buddha publishes financial information and does not offer personalized or individualized financial advice. Please consult your own financial advisor for specific advice to your own situation.

The statement and expression of opinion is not an offer or solicitation to buy or sell the financial products mentioned.

The Brain Buddha and it’s parent & subsidiary brands & companies do not accept any liability whatsoever for any direct or indirect loss arising from the use of any information shared on this website, emails or any content sharing channels.

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