Tutorial notes from Christian Conferences
What would you do with $5,000 per month to spare?
Financial Empowerment!
Creating Multiple Streams of Income
Preamble - websites
Who am I
¨Bibi Bunmi Apampa www.BunmiApampa.com
¨Wife, Mother, Christian A child of God
¨International Speaker, Global trainer empowering you to succeed Excel and Prosper in Life, Family Business, Finances. Career, Ministry, Relationships and community
¨Life and Business Coach
¨Founding Trustee of TheQueenMakers - With a mandate to Coach and Mentor Future Female Leaders
Where is your DOT- the story of the Talents
Where are you starting off 5 : 2 : 1
God gave them talents according to their ABILITY
It is up to you to increase your ability
Story of 3 ladies - The Citizen, The Professional, The Imported Wife
Statistics
¨60% of women will be single by age 50 either from widow hood or divorce
¨Their standard of living will reduce by 50%
¨70% of the women will have to go on working for survival to meet basic needs
General statistics
Out of 100 people that start working at age 25, by age 65………
¨1% are financially independent & wealthy
¨4% have enough money to meet basic needs
¨22% are still working (cannot afford to quit)
¨45% depend on family for survival
¨28% depend on state pensions, Social Security, friends or charity
Gods Promise
¨3John:2 Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth.
¨Job 22:29 When [men] are cast down, then thou shalt say, [There is] lifting up
¨Deut 8:18 But thou shalt remember the LORD thy God: for [it is] he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as [it is] this day.
¨Psalm 35:27 Let them shout for joy, and be glad, that favour my righteous cause: yea, let them say continually, Let the LORD be magnified, which hath pleasure in the prosperity of his servant
Practical tips - A simple plan to follow
¨DREAM – Habk. 2:2-3; Prov. 23:7 – let your imagination run riot write your dream list
¨DESIRE – Ps. 37:4; 145:19; Isa. 1:19 – do you desire to have your dreams come to pass, are you ready to work hard and give all to work towards your dream
¨DECISION – Deut. 30:19 – can you draw a mental line a firm decision to go ahead and pursue your life map
¨DETERMINATION – Josh. 24:15 – can you back your decision with a determination to succeed against all odds, disappointments, remember obstacles is what you see when you take your eyes off your goal
¨DELIGENCE – Prov. 22:29; 21:5; Phl.3:12-14; Is. 50:7 – with perseverance even the snail entered the ark
¨DISCIPLINE – I Cor. 9:27; Rom. 12:1-2 – Indiscipline can destroy all that God has for you. Hold on fast to your dream
The Way forward
M A P
¨Mindset
¨Action & Attitude
¨Process
Mindset
¨Abundance mentality
¨As a man thinketh in his heart so is he – Law of attraction “ The Secret”
¨Too blessed to be stressed- Deut 28 :1-12
¨Abraham’s blessings are mine Gen 12 :2-3
7 Fold blessings
¨Days in pleasure and years in Prosperity
¨Goodness & Mercy shall follow me
Actions - Acquire the Seven Basic Skills of money
•Value money – miracle of compound interest $100 a month over 45yrs is $1million
•Make money using OPM, OPI, OPR, OPE
•Save money - 80/20 Principle given to Joseph – 10% to God, 10% to pay yourself and live within the remaining 80%
•Invest money – 3 Money mountains Real state, Portfolio investment, Your business
•Manage money – Financial planning
•Share money – Sow & be a Giver
•Protect / shield money – its not how much you make,its how much you keep
Process - Grow a MONEY TREE
¨M – Multiple Streams of Income
¨O – Outstanding Product
¨N – Not much Cash outlay
¨E – Essential Product or Service
¨Y – Yeild
¨T – Trends and Time
¨R – Residual Income
¨E – Employee Resistance
¨E – Enthusiasm
3 MAJOR SOURCES OF INCOME
¨(1) Earned Income – Pay as you work i.e. income you work for
¨(2)Passive Income – Income from Real Estate
¨(3) Portfolio Income – Income from Paper Assets
Your Asset base should have more of Passive & Portfolio Income than Earned Income
Rhema!
¨The rich don’t work for money they know have to make money work for them. The key to great wealth is a person’s ability to convert Earned Income into Passive and Portfolio Income as quickly as possible.
¨Remember regardless of how millionaires make their money, they keep it in Real Estate. As real estate always appreciates in value over the long term.
You should have other streams of income in addition to your CAREER
¨INVESTMENTS – These are Paper Investments ie stocks, shares, bonds, ISA, Pension, off shore investments, Venture Capital Trusts etc
¨REAL ESTATE – Home, buy to let, HMOs (house with Multiple Occupancy) Flips – Buy, renovate sell, Property Developer, Bed and Breakfast, Hostel, Commercial Property etc
¨MARKETING ( your own Business) – This can be brick and mortar business or on the Internet. You can market products and commodities or skilled services.
Focus for today
Streams of Income we can Create from today
SILENT MONEY MACHINES
¨Internet Marketing
–Affiliate Marketing - www.startmyowninternetbusiness.com
–Information Products e.g www.WomenAffairsToday.com
–Blogging e.g www.dietandloseweightsite.com
–Google & Amazon Adverts on Content sites- www.BibiTips.com/47websites
–Coaching Programs - e.g www.InternetBusinessMentor.co.uk
–Membership sites - e.g www.webizstarterpack.com
–eConsultancy
Creating Multiple Streams is easy if you utilize this formula
¨System/Strategy
¨Mentor / Coach – www.MyBusinessCoach.biz
¨Infinite Connection - GOD
¨Network
¨Team – Together Everybody Achieves More
¨Skills and Tools
Where do we go from here
¨Increase your ability
¨Attend training workshops & Seminars
¨Listen to Inspiring Messages
¨Sign up for MyBusinessCoach Coaching/Mentoring Program
¨Take Action
LETS KEEP IN TOUCH
www.Apampasentme.com
www.BunmiApampa.com
www.MyBusinessCoach.biz
email - coach@MyBusinessCoach.biz
Conclusion -
Recommended Resources
Choose Life
God bless You
Bibi Bunmi Apampa
www.BunmiApampa.com
www.MyBusinessCoach.biz