A good way to build new income streams, especially passive streams, is to make more friends who are working on similar goals. I have dozens of friends doing this sort of thing, so it’s very accessible to me for social reasons. I learned much of what I needed to know by making friends in the field, such as through online forums, by going to conferences, by volunteering in a trade association. I went outside and talked to people.
If you want to build passive income streams, I really think you should have at least 10 colleagues in your social network who are doing something similar. I’m serious. They don’t have to be super close friends, but they should be people you could email and expect an intelligent reply from. Otherwise too many possibilities will remain inaccessible to you. You can build such a group slowly on your own, but it’s faster to join an existing group of some sort. That’s usually going to require paying for the privilege. Paying to join a networking group or coaching club is generally worth it (if the group is strong) because all the other members are paying too, so it filters out the non-serious. Everyone wants to get their money’s worth, and so they make an effort to participate, connect, and leverage their network in ways that you don’t normally see in free communities like a public forum or Facebook group.
It’s so much easier to make rapid progress when you have friends in your social circle who are already doing it. This includes people you can ask for help and advice along the way. Some of my biggest income leaps happened after major shifts in my social circle. Changing your social network is just such a powerful way to transform any part of your life. And this part is largely under your control. A new social circle is often enough by itself to make the previously inaccessible utterly accessible.
There’s a good chance that you discovered these possibilities through your social network. And if your current social network brought one form of income into your life, then another social network could bring other forms.
My social network is rich in people who are doing 5- and 6-figure online launches. I’ve met some who are doing 7-figure launches. Imagine making more than a million dollars in the span of about two weeks. And imagine communicating with such people regularly, as a normal part of your workweek.
If it seems unreal to you to even do a small launch and make an extra $20K in a week, why is that? Why does it seem like such a stretch? People less intelligent than you are already doing this. It only seems like a stretch because such a goal feels inaccessible to you. But for many people, this sort of experience isn’t a stretch at all. It’s an accessible and straightforward thing to do. Now it may blow you away when you first encounter it, and that’s to be expected, but try to imagine a reality in which this might actually feel normal. For the people who are already doing it, it is normal. Whatever you’re already doing will usually feel normal to you. For a billionaire it will feel normal to have billions of dollars.
Imagine a reality in which you cover all of your expenses with passive income. Imagine doing a launch and earning $50K in a week or two.
Realize that there are people living in other parts of the world who’d find your current lifestyle insanely abundant. It’s beyond anything they’ve ever experienced. They live off a tiny fraction of your income. Their education is nothing compared to the rich opportunities you inherited. Your current level of wealth is inaccessible to them. Yet some people from those same cultures have massively transformed themselves. They grew by taking action, starting with what opportunities they could access.
You can do something similar and step into new possibilities. This requires two things. First, keep taking action on what is accessible here at Markethive. Second, keep expanding your accessibility options for learning and growth.
"Republished from StevePavlina.com"