Building Multiple Income Streams

About this ebook

Reduce risk and grow wealth with side incomes that fit your life.

Add side incomes from skills, products, investments and the internet without burning out. Written by Ephraim Nyadowa for readers in Zambia and across Africa, this complete eBook has an introduction, 10 full chapters and a conclusion, each chapter ending with key takeaways, action steps and a worksheet you can fill in.

About 26,413 words · 96 pages · instant PDF download after payment.

Who it’s for

Employees, professionals and entrepreneurs who want more than one source of income.

Preview

A few years ago, a friend of mine, I will call him Mulenga, lost his job of nine years in a single afternoon. The company he worked for in Lusaka had restructured, and his entire department was let go. He was a careful man. He had no debt, a small savings account, and a good reputation at work. But within four months, he had gone through almost everything he had saved. One income, however good, had been carrying his entire household — rent, school fees, his mother's medical bills, transport, food. When that one income stopped, everything else stopped with it.

Mulenga's story is not unusual. It is, in fact, the normal risk that comes with depending on a single source of money, whether that is a job, one business, or one client. You may not have lost a job, but you have probably felt the same pressure in smaller ways: the month school fees and rent fall due at the same time, the sudden funeral contribution, the minibus fare going up again, the Kwacha buying less at the market than it did last year. A single income, no matter how stable it looks, is still one point of failure.

This book is about reducing that risk by building more than one source of income, deliberately and realistically, without pretending that you have unlimited time, capital, or energy.

## Who This Book Is For

This book is written for you if:

- You are employed and want income outside your salary, so that losing your job does not mean losing everything. - You run a small business and want to diversify beyond one product, one client, or one market. - You are a professional — a teacher, nurse, accountant

About the author

Ephraim Nyadowa is the founder and Managing Director of SALE-RITE ENTERPRISE in Lusaka, Zambia. He holds a degree in Computer Science and has spent around six years helping individuals and businesses with technology, digital services and practical skills. He writes and teaches to make useful knowledge simple, local and actionable.