Multiple sources of income (MSI)

After doing some accounting this morning, I just felt so drained especially after seeing the flow of our present income and upcoming expenses. Anyway, I just console myself with the fact that I am practicing analyzing our small finances today in preparation for bigger funds to come in the near future. LOL. Nowadays, I engage myself in some business ventures. Even though they didn’t require huge investments, I consider it as a good start.

As most successful businessmen would recommend, it is best to engage in Multiple Sources of Income or MSI. This is very much needed especially in these trying times. Relying on just one source of income is risky. For instance, an employee without any sideline income could be left with an uncertain future should something happen to his job or employer. One way to have a sideline income is engaging in real estate investments. I know somebody who invested in a condo property and is now reaping the fruits of his investment as his unit is being rented out at a very good rate.

When choosing an investment, location is very important and beach lots/estates in popular tourist destinations are prime properties such as those St. Thomas villas in the U.S. Virgin Islands. These properties require huge investments as they are highly valued, usually at million dollars. There’s good news for those interested about owning such waterfront properties. A property raffle draw is being offered by RE/MAX Dream Properties as an opportunity to win the luxurious 6-bedroom Ocean Cliff Villa in St. Thomas. Interested parties can check out their website for the raffle terms and conditions.