[Lesson] adding income streams, tightening outflows.

Thought of the week
TLDR: 
i) be clear of your income streams and outflowing streams;
ii) open up more streams, close down those nonessential outflowing streams
iii) invest time to do increase your streams

Met my university friend for dinner over friday, and we spoke about our investment/money matters.
she spoke to me about the course she went, Fifth person dividend machine which talks about having multiple streams of incomes (Active: your day job, blogging revenue, giving tuition; passive: dividend, interest from deposits, etc).


With that in mind, i decided to chart out my income streams, to get some clarity in what i was exactly doing to try to achieve my "goal" of retiring by 40. I plotted those that helped me "retire" and refined it to the above flow.  it became apparent that besides earning more from a Day Job, one can open more streams of income, either by entering into a side job to earn that extra stream of money, or in my case, i've decided to set aside time to study Technical indicators then do more trading to try to earn that extra bit of money. in trading, i'm looking at increasing my returns from the 6-7% of my income assets to speed it a bit more to 15-20% without significantly over exposing to risk. Similarly, i'm looking at living a more frugal lifestyle this year by not overspending so regularly, to tighten the outflows. at the same breath, this year, i transfered quite a bit of my money from OA to SA, and will like to see the difference it will make to my accumulation.

So my strategy would be investing my income from salary on income assets, while i use the dividends from my income assets, plus the those set aside for the portfolio to trade. since the income assets will still eventually  appreciate albeit at a slower rate, i will be able to divert the excess money into assets income. currently i'm looking at increasing my trading positions to max of 4 positions, at 1 to 2 positions per week, holding for up to 4weeks at each time. currently i can afford to hold up to 3 positions before starting to feel uncomfortable, so looking forward for this trading warchest to be formed thru savings and my dividends to be able to capture some 20% per annum returns from trading.

will study more on this in the near future.