Sepia Prime Woman Digital Magazine December 2013 | Page 8

Profitably Speaking

-Winfred Burns II

Making Money While You Sleep
While focusing on controlling debt is vitally important, in order to build the financial security you desire there must
be multiple ways you are making money at all times. Whether you work for a company or own one, establishing
multiple ways to create wealth ensures you will get there faster.
All businesses go through cycles. As we enter the end of the year, retail businesses are gearing up for their busiest
season of the year. Some retailers do up to 30% of their annual sales during the 4th quarter. If you as a business or
individual have one flow of income, what do you do during your slow season? Start another income stream.
Here are a few questions you need to ask yourself that can help you identify potential income streams:
1. What are my strengths and how can I profit from them?
I recently consulted with a gentleman who was thinking about getting a part time job. His issue was he did not have
a schedule conducive to working nights and his full time job was not flexible enough to fit anything during the day. I
asked him this question and discovered he loved to workout (I knew that already but needed him to self discover). He
was a former bodybuilder and missed that lifestyle. From there, we were able to talk through how he could use his
passion and strength to fit his schedule AND turn a rather nice profit.
2. What problem can I solve and profit from it?
Something as simple or as complex as you can see. What problem do you see that you think no one else sees? Most
likely, you see it because you are a part of the solution. Turn your vision into a profit.
These two questions will help get you started. You do not always have to start a business from scratch. I know a lot of
people who have issues with Multi level marketing companies, but some of the business models are great. Make sure
the product is one you can stand behind, but the business model coupled with the lower start up costs make this a
viable option.
Remember, controlling the flow of income is crucial to realizing your financial
goals. Cutting costs is not always the solution which means we must always
look for new ways to create wealth for ourselves. While none of the options are
easy, none of them are impossible either.
Walk in Truth.

Winfred Burns II is a financial coach and publisher of Global Drive Magazine.

www.sepiaprimewoman.com