Good evening fellow students.

Tonight I made a start on this exercise - I worked out a good annual income I would like to earn over the next year and then multiplied by it by ten - The next bit was to then work out the number of income streams and it is here where I think I maybe simplifying it too much and interested in your thoughts

So - annual income is £34 000 x by 10 = £340, 000 and then if each income stream was approx £17 000 annually then that would be 20 streams. Is that all I need to do?

I feel like I have missed the point of this exercise somewhere.... @Ariel Gatoga ??

😬

bbx

That's correct! It's an exercise in increasing you financial sphere of influence. How real does it actually feel? If it doesn't seem possible, then pull back. Take your time. Once you find a place where you have a sense of "doability" to it, notice where you are. What's the increase in income, and how many streams will that take? As long as you haven't pulled it back to less than doubling your current income, you have done the exercie correctly. BB

Oh, I see now.

Thank you, the point is sitting with it for a while and then dialing back to find the sweet spot of where it becomes actually possible to the mind thus giving a realistic goal to work towards - which is no less than double current inome. Which, because of where i started, seems more doable than if i had just doubled it without going to the ten times place. And this, as you say. pushs out the sphere of influence.

It's a very clever exercise but then I believe you to be a very clever man @Ariel Gatoga 😉.

bbx

It's a major workout, @Lucretia. We have to be honest with ourselves as to what we truly can have faith in obtaining, while still expanding our sphere. That's why I give you the lower limit of doubling your current income.