EVERYONE SHOULD HAVE AT LEAST FOUR STREAMS OF INCOME(PART2)
STREAM TWO: JOIN OR FORM A COOPERATIVE.
One of the fastest ways to raise money is to be a part of a cooperative. Joining a cooperative is an INCOME STREAM. Our fathers of old knew this. It is called mutual funding. It is the longest financial practice in our world today.Personally, I am in a cooperative where I contribute N50,000 weekly. That means each member collects their turns every week. As a hardcore entrepreneur this huge source of funds enables me to invest in capital projects.I only recently joined an online cooperative and the result has been FANTASTIC.Trust me when I say fantastic. Joining a cooperative gives you access to credit facility. Even the Government understands this that is why they mostly fund cooperatives. If you are not in one, join one. Better still, form one.
Joining a cooperative also forces you to save. It forces you to plan. When your turn shows up, the money given to you has to be put to judicious use.
Please understand that this post series are not intended to give you the impression that I am some rich dude. Not at all. Rather than rich, I would say, comfortable. Enough to meet a lot of my needs. It sincerely is a piece designed to help you put on your financial thinking cap. So take the information you consider usable and discard the rest.