In my own quest to become completely free, to retire early, and have an ever renewable income my biggest hindrance has always been not being able to focus on one thing until complete. To be completely successful it is very important to focus on one task until complete.
I am sure you are like me and have a million ideas all of which you want to accomplish simultaneously. I have learned through many failures and many books on successful people that the best thing to do is to pick the one you are most passionate about and do that first. Then once that one is complete then move on to the next.
If we try to do to many things at once then nothing gets done. Think of your multiple streams of income acting like a team. Each one gives you an income source for a purpose. Instead of trying to set them all up at once, work on one first until it is working well then move on to the next.
For example, I have been working on buying rental properties so that I can have a steady stream of income dripping into my trading account. I already have my trading plan in place and am able to concentrate on a different money stream. However I am constantly distracted by wanting to develop another website to supplement my income that way also. Developing a website is fun. Developing a website for me is also time consuming. I get to teach and coach, but I am horrible at design. Writing takes me hardly any time at all. Design soaks up hours of endless tweaking just to get nothing done.
The solution is to put the website on hold until I have some real estate established and working well. The website will be there. Even if someone has the same idea they don’t have the information that is in my head and they will not deliver it like I will. I will still be unique. The opportunity will not pass.
So focus on one thing at a time. Work to get that done, then you can move on to the next.
Focus tip: Keep one sheet of paper folded twice as your to do list. Write no more than 6 things on that list. When they are done you are done for the day. If something does not get done it gets put onto the next days list on the top.