4 The Hampton Roads Messenger Editorial


Making Millions with Multiple Streams of Income


be considered a secondary source of income.


primary


It is not advisable to have one’s and


secondary income


sources provided by the same company or the same industry. If a couple were employed by the same company and the company decided to downsize, both incomes could be in jeopardy of being lost. The same is true if both salaries were obtained from the same industry, such as the mortgage industry. It was not that long ago when many people in the mortgage


industry lost their when the real jobs estate bubble burst.


Having income from diverse sources cushions families from industry volatility.


BY ANGELA JONES According to research by the


Spectrum Group, the number of households in the U.S. with a net worth of $1 million dollars or more, not including their primary residence, reached 10.1 million in 2014. That number is up from 9.63 million in 2013. This means almost 500,000 more households reached millionaire status in 2014.


The average at least millionaire has seven streams of income.


Donald Trump does not just rely on his real estate empire for income. He peddles television shows like Celebrity Apprentice. Trump’s daughter


also


appears on the Celebrity Apprentice and she has a jewelry business. Having numerous diverse streams of income should put anyone who aspires to be a millionaire on the road to easy street.


Examples of income streams


include a primary salary, a secondary salary, income from rental property, a hobby and investments.


Multiple


streams of income also allow one to diversify the way they earn income, making them less dependent on a j-o-b.


When making a roadmap to gain


multiple diverse streams of income, couples should look at their primary and secondary sources. A primary source of income is usually in the form of a paycheck from one’s job. The income from one’s spouse could


One’s hobby can sometimes provide a revenue stream. Whether it is making beaded jewelry or taking photographs, real money can be earned from doing something that does not feel like work. These funds can be used to supplement a paycheck or they can replace a paycheck, if necessary.


Computers and the internet are


a great combination to provide an avenue to add yet another revenue stream. People are making thousands of dollars by uploading videos to YouTube or blogging. Each time someone watches an advertisement or clicks on an online ad, revenue is being earned.


There are both active and


passive forms of income. Income from a job is considered active, which means you have to actually work for the money you receive from that particular revenue stream. Investments are passive forms of income; with passive income, you do not have to work a certain number of hours to make a profit. Stocks and bonds have the potential to earn income for investors while they sleep.


When selecting revenue streams,


timing is everything. Both real estate and stock market investing usually require one to have a significant amount of funds to invest. One can use active income to pay down debt or save until they have enough money to pursue passive forms of income.


Aside from the piles of


money one can amass through diversi fi ed multiple


income


streams, other benefits can be enjoyed.


Established 2006 Angela Jones, Publisher Chris Parks, Editor


Rae Willis, Graphic Designer Ida Davis, Contributing Writer


PO Box 10414 ● Norfolk, VA 23513


Sales and Information 757-575-1863 info@hamptonroadsmessenger.com


Copyright pertaining to contents of this edition. All rights reserved.


financial freedom comes


with


The a


sense of power and security that can be used as leverage to gain


Volume 10 Number 1


September 2015


Google CEO, Sundar Pichai's Story


BY INDIA CURRENTS Google co-founder Larry Page


announced a massive restructuring of the company, instituting Sundar Pichai as CEO and shifting himself and co-founder Sergey Brin to a larger holding company called Alphabet. As CEO and President of Alphabet, Page and Brin will oversee Google as well as affiliated companies like the life-extension project Calico and a drone delivery venture called Wing. Alphabet will also direct Google's early-stage funding operations, dubbed Capital and Ventures. Under the new organization, each of those operations will have its own CEO and leadership, while Pichai and Google retain control of search, ads, maps, the Google Play Store, YouTube, and Android.


"Alphabet is about businesses


prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital


and work to make sure each business is executing


"It is clear to us and our board


that it is time for Sundar to be CEO of Google," Page said in the post. "I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations."


Business Insider touched base


with a bunch of sources close to the company to get their reactions on the new CEO. Everyone whom Business Insider talked to about Pichai emphasized that the executive was very empathetic;


he actually teams. cares


about people. He knows how to build amazing


"Substance over allocation well. We'll also make


sure we have a great CEO for each business, and we’ll determine their compensation. In addition, with this new structure we plan to implement segment reporting for our Q4 results, where Google financials will be provided


separately a higher


salary or even a promotion. When one does not have to depend on just


one of income


source to


survive, a whole new world of possibilities is within reach.


than those for


the rest of Alphabet businesses as a whole," Page said in his blog post.


overt style," attitude ultimately sums up Pichai's focus on quality work, focus, and results instead of standing out, Business Insider was told. Pichai often acted as a spokesman for Page. By not only interpreting Page's vision, but then coordinating efforts between groups, Pichai may have already been stepping into his role before it was officially given to him.


Born in India, he went to school


in Chennai at Jawahar Vidyalaya and Vana Vani. He earned his Bachelor of Engineering degree from Indian Institute of Technology, Kharagpur (IIT Kharagpur) in Metallurgical Engineering. He then went to, the alma mater of the Google founders, Stanford University for his M.S.. For his MBA, Sundar went to the Wharton School of the University of Pennsylvania.


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