MSIs (Multiple Sources Of Income) The Keys to Success

You are the person who has to decide. Whether youll do it or toss it aside; You are the person who makes up your mind. Whether youll lead or will linger behind. Whether youll try for the goal thats afar. Or just be contented to stay where you are. Edgar A. Guest

Multiple Sources of Income

Definitions: Multiple More than one.

Source

An ever-present beginning place. Herein defined as money-earning ideas, taking form and resulting in profit(s).

Income

Earnings coming in (to me), in every form and fashion ... for example, cash, notes, appreciation assets, more ideas, perks, benefits, fame that becomes fortune (i.e. the more famous a movie star becomes, the more he or she earns per film.

Plussing

Positively looking at ideas and constantly improving them so they serve more and earn greater profits. Ideally, you have a great business idea and you stretch it. Then ask your Master Mind Team to stretch (plus) it some more. The best example is Walt Disney Enterprises which is run by a master-marketeer-thinker named Michael Eisner. Everything he touches earns more. He was paid $42 million for his thinking in 1989, the highest pay any executive has ever received. Yet, he was under paid because he created more billions in less time than any other executive and has a 50 year plan that is on schedule to realize Disneys dreams.

Intellectual Properties

An intellectual property may consist of nothing but an idea that you create in your own mind. The Law of Perpetual Transmutation decrees that any idea that is held in the mind and properly nourished must move into its physical or financial counterpart. Intellectual properties come in any number of forms, including: information, business packaging books, tapes, videos, software, postcards, reports, radio broadcasts, plays, movie scripts, cartoons, licenses, and more.

Seven Fortune Building Assets

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TimeWe are all rich in 24 daily hours to be invested or spent. EnergyOur personal energy increases as we are on-purpose toward our goals. Know-HowOur personal know-how and do-how vastly exceeds our normal activity now. Wealth building driveOur deep desire with conscious commitment gets great financial results. Self-confidenceOur self-confidence is self-generated and expanded with small steps, positive feed back and a support group. Follow-throughInspect what you expect, do all you promise and goal map, plus a little extra for good measure. FlexibilityEntrepreneurs need to navigate the ever-accelerating acceleration of change and decide to be cat-like, landing solidly on your feet every time with zero-defect management strategies. You have ALL these assets RIGHT NOW

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Multiple Sources of Income is a concept we each individually need to buy, own, master and use. Its not much different than anyone's multiple roles as a human being. For example: A women might simultaneously be a wife, mother, employer, employee, choir performer, friend, confidante, etc. Our mind is multi-modal; it can drive a car, eat food, chat with a passenger and hear the toddlers fastened in the rear-passenger car seats. We all can do it, because we all do and have to do it. Once you see the possibility of Multiple Sources of Income you can realize multiple source income. Once you are enveloped by the idea, the reality comes financially flooding in on you. Another important point to consider when you create MSIs is: you want to focus on creating passive sources of income as often as possible. By passive we mean that it shouldnt take a lot of your time or energy its just something thats there, where you

receive money on a regular basis because you contributed in some way or another. Granted, there may be an initial output of time and energy to get it started and it may or may not be extensive, depending on the MSI. But, after that start up phase, its considered mailbox money or earning money while you sleep. Here are a few examples of MSIs we know youll come up with your own too! write a book, song, play, movie script publish a book that is available under public domain join a network marketing company every person in your downline is an MSI! produce a series of audios/CDs for your given field invent something intellectual property (give your idea to someone else to take to market and receive a royalty) real estate investing back end sales (ie. referral feesreal estate agents recommend home improvements to their clients and receive a referral fee from the vendor to whom they refer their client) web based affiliate programs (theyre all over the place) facilitate/market something for someone else get an insurance or securities license (residual income) franchise something rent your mailing list for a fee

You can get really creative with MSIs. If youre an independent contractor lets say youre a graphic artist you could create a piece of artwork (maybe a book cover) and instead of charging your regular fee up front for the design, opt to take a percentage of the total sales and offer to design it for no upfront fees. Youll more than recoup your investment of time and it will be money that keeps coming to you as long as the person keeps selling their book.

Brainstorming MSI Ideas

1.

Begin your brainstorming session to explore possibilities for an MSI idea by repeating aloud the following affirmation: I have the power and potential within me to originate and/or attract everything required to have my MSI idea manifest in a profitable, physical form. I am worthy of all the good I desire.

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When you are exploring the possibilities of each potential MSI, it is frequently advisable to work alone. If you are going to work with others, make certain they have an open mind to new possibilities. Gain agreement from everyone present that they will only THINK OF HOW IT CAN BE DONE.

Prior to brainstorming, everyone involved should have a pen, a pad and a calculator ready to work with.

4.

Have the following three points painted or properly printed on a card approximately 12 X 24 inches in size and place this card where it will be visible throughout each brainstorming session. a) b) c) Will this MSI idea provide me with a respectable income? Would I enjoy investing my time, energy and money in this MSI idea? Would this MSI idea make life more meaningful for others without violating their rights? If the answer is yes to the previous three questions, immediately begin preparing a quick start action plan which you must complete within 48 hours. BEGIN NOW AND YOUR INCOME WILL FOLLOW.

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Work on only one MSI idea at a time. Absolutely refuse to mentally bounce around from one MSI idea to another. Write your MSI idea on a large piece of paper and tape it on a wall where everyone can see it. Stay focused.

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6.

When you are working on an MSI idea, write each possibility down as it comes to you. Although you may eventually decide to discard that particular MSI idea, the possibilities you originated may suit another MSI idea that you will work on in the future.

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Whenever possible, gather all the information you can from someone who has demonstrated success with a similar idea. More often than not, they will be happy to share a number of ways to get a quick start. Never ask advice from a person who has tried a similar idea, failed and then quit. They will rarely have any positive energy to add.

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Keep viewing your MSI idea from different points of view. Refuse to get stuck on one point of view. Think of various people you are familiar with and ask yourself how you think they might approach your particular MSI idea. Continue this type of thinking and new possibilities will fly into your marvellous mind.

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The last order of business in each Brainstorming for Possibilities session is to set a definite time for your next session. Set aside two or three hours every week to brainstorm the possibilities of your MSI list. Discipline yourself to do this weekly until it becomes a habit.

10.

Reaffirm your written commitment to MSI technology by reading your commitment aloud every morning when you awake and again every night before going to sleep. This practice will securely deposit a grand idea in the treasury of your subconscious mind.

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