Hi ,
How are you doing?
Last 2 weeks, I was narrating my discussion with a billionaire I paid a visit 2 weeks ago in his office.
The major business of the man is importation of medical equipment and drugs and supplying them to government agencies and private individuals.
But, as were discussing, he mentioned how he was diversifying into another business entirely. He was building a massive 4-storey building supermarket in Kubwa, Abuja - scheduled to open by Easter (mid-April).
This discussion with him indicated the two categories of income that people get - cash flow and capital returns.
Today, I will talk only about cashflow income.
Cash flow is any form of investment (or income) that generates money on a regular basis - be it daily, weekly, or monthly.
The income from cash flow investment might be small but they can help one to take care of immediate needs, so that income from capital investment
Returns from cashflow investment are used to cater for one's daily needs, pay off debts and live a fun-filled life.
Example of ways to earn Cashflow income are:
- Getting cars for Uber
- Running an e-commerce store
- Writing an e-book
- Having a physical store with an attendant being there, etc
A steady source of cashflow is the first step towards achieving financial freedom.
When you achieve this, you can now start thinking of capital investment.
In my next email, I will discuss about capital investment.
Have a great week ahead.
Cheers.
PS: My E-book on how to get cheap USD is still for sale.
Click here to download it
0 comments