A simple question…

Posted by in inspiration | 346 comments

I’m curious how you would answer the below question – please click the comment link and tell me your thoughts after you decide.

THE QUESTION: Which option would you chose?

OPTION ONE: You can have FOUR separate 100% AUTOMATED income streams that each produce $1K per month consistently. (Total $4k/month)

OPTION TWO: You can have ONE income stream that requires a few hours of daily attention and produces $6K or more per month. (Total $6K/month)

What’s your choice?

The way you answer this question reveals a lot about how prepared you are for opportunities that come your way in life. This is especially true online.

Please let me know which of the two options you would choose and why. Click the comment button at the top of this blog post to join the conversation.

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  • v

    option 2, because who knows next chance

  • Daniele

    Definately Option 1. If I can have 4 automated sites requiring no daily attention, then I can have 5, 6, 7, etc…all working the same way.

  • http://www.thejapaneselanguageguru.com Jeff

    I think I would go option #3. That is both option #1 and option #2. Setup option #1 and get it rolling… then put in place option 2 – all bases are covered!

  • http://none Jim Lowe

    Option 1 because if you work yourself to death as leaders, owners or executives do in case 2 because they do not take care of their health because they are always working you cannot enjoy the fruits of your labor. I am old now and have seen numerous cases of business people like 2 above lose their health, sanity and enjoyment of life because they are owned by their business in Option 2.

  • Peter Howell

    Hi Jim, for me it has to be option number one.I definitely do not want to do a few hours work EVERY day. I just want to enjoy my life with my family and watch my income streams from time to time. Good luck to you with your efforts to help us all to achieve a great income with little effort.

  • Christopher Stokes

    If it’s a choice of option 1 or option 2, then I’d go for option 1. But if there is the additional choice of both – well then I’d go for both – since there would be time to spend on option 2 as option 1 is automated. Obviously, though, this is hypothetical. Nothing is automated!! Is it?? Nothing I’ve ever seen anyway!! So there maybe a sting in the answer to this question. What is the answer?? Is there one?? Christopher.

  • Barbara

    Hi Jim…As a “newcomer”, broke, in debt, and disabeled with a minimal income, I think I naturally picked option one (maybe i have the “more cash right now” syndrome…

    Having read on, I can see and understand why option two is the wiser choice…but…you gotta love that Big Cash Account…I am looking forward to having one (or more) of my own SilentSalesMachine…

    Thanks so much!!

    Barbara

  • http://compareonlinediets.blogspot.com Stevie

    BOTH – of course – why not!!!

    Option One is Automated and
    OPTION TWO requires only a few-ish hours work!

    You’d be mad NOT TO!!!

  • Doni

    Option 1 because then I would have time to find other income streams

  • John

    Option #1 leaves more free time to establish more income streams if desired.

  • Berny

    Option one because you don’t have all your eggs in one basket and if you have created four streams, why not duplicate it (perhaps by outsourcing) and make eight?

  • Dafna Elia

    I prefer the first option, cause I don’t have to do anything to get this income.
    It’s a passive income.

  • https://sites.google.com/site/robbiesmoneymakingtips/ Robbie’s Money Making Tips

    I would have to opt for option 2 as I don’t mind a little work & like being in control & on top of things. The way things are today you MUST keep your eye on the ball! Plus, I like GOOOOOOOLLLLLD!!! ;D

  • Patrisha

    I too would choose to have a chance at more than one stream as opposed to having spent all my time on one that may not succeed.

    I too studied Kiyosaki and Allen so since they probably make a few more bucks than I do, who am I to question them?

    Bring it on! I’m waiting.

    Thanks,

    Patrisha

  • Jose Maria Gallego

    Option 1 for sure. 4 fountains are better than one.

  • Jody

    I say both.
    Even though it is automated, there should be some amount of work to get it off the ground. After the initial outlay of time/money, that would be a good seed program for others. If you were able to have 3 or 4 of these bringing in 12-16K a month, why do the other.
    If the option 1 is automated, that would give you the flexibility to invest time and money into the other option. If you were able to have 3 or 4 of these bringing in 18-24K a month and, if factual about a few hours of daily attention, it would be well worth the time.

  • Prabhakcv

    Option 1…because you can invest the time for creating Automated Income Stream No 5…
    Plus…In Option 1, if one stream is gone, we have other 3 backup…

  • Pvsgroup08

    Option one,because four systems are not likely to fail and leave you with nothing and they are AUTOMATED therefore very little work is necessary after they’re set up.

  • Jskmist – Mist Cooling Systems

    i take option one since it passive income tho there might be some ground work need to be done, but i believe the returns would be tremendously fulfilling :)

  • http://www.newjog4life.com Chernojawara64

    I choose option one simply because the income derived is fully automated and consistent.
    Cherno K Jawara

  • Kev2126

    Option One. The automated stream produces consistent income and allows the freedom to continue creating additional streams.

  • star999

    I’d choose option one.  After a life of hard economic lessons, I’d never put all of my eggs in one basket!  Plus having them fully automated makes them automatically a better deal than a single stream that takes daily attention…

    • http://jackiekanderson.com/blog Jackie

      I like option one simply because automatic income producing consistently is my cup of tea. I believe that it will give me the option of replicating myself over and over again. And also when one  revenue stream happens to exhaust itself, then I have other revenue streams pumping away and I don’t miss a beat.

  • Wausi53

    option 2 because i belive sky is the limit given an opportunity, and who would hate to become
    rich.

  • Don West

    I believe that I would choose the 4 streams of income. It is a proven  system that provides a steady, reliable monthly income, and who is to say that you could not duplicate those results and set up more of the same kind of accounts to establish multiple income streams?

  • Martin

    Jim hi,
    you seem to be suggesting that we are given these options from scratch, we have worked to this point?
    Specifically you are asking for a choice of one, and while both would be a preferred answer,
    option one has to win for several reasons.
     If one income stream disappears overnight( Panda, Google panks, government legistration) you still have 75% of your income and time to rebuild and grow again.
    You have that choice anyway based on your description of scenarios
    Choice of four gives you an element of split testing, you can develop the most profitable as an option, if there is a topical niche involved.
    Automation is king, allowing you freedom,choice and options to get focused on other areas of your business or personal life  can be seem at focusedmembers.com
    Get Focused for success, good luck to all,

    Martin

  • Larry O’Connell

    OPTION ONE always!  I have only worked on the average TWO Hours a day for the last 43 YEARS with my own income streams.  May I say Jim, you have GREAT information!

  • http://www.cleaningbusinessgold.com Anna

    Option one any time!. I agree that time is your greatest asset, so once you have an income you can do what you like with your time. For example be good to people and help them.

  • Barney Burks

    I would rather go with the four separate streams. The lost of one stream I would still have three to
    that was going and in the mean while I would develope some more. If I just had the one and lost it
    I would be with out any for a period of time…

  • Byron Welch

    In my humble opinion, time, family, and enjoying life are far to valuable an asset to waste it on an every day and hourly basis for some conglomerate, when there are better and more advantages ways to earn a living, like a great many automated silent sales machines.

  • William Erwin

    I’d go with the first option.  The way things are today, there’s no such thing as a sure thing.   What’s working well today could dry up overnight.

  • John

    I would like to set them both up.
     I would set the Option 1 up first and get it running smoothly, then see if I could create more streams in it if it is truly an auto-pilot system. 
    Then,set up option 2. 
    If there is a system that can be set up like this, why settle for the minimum if you can multiply it?

  • Angelina

    On my opinion 100% Automated streams better though there a little less money.

    Otherwise, 1 stream better then 4 but it is my reflection.

  • pialee

    I want the 2nd option because I am going to be serious with either one. So then I want the first option because it has redundancy.

    So I want both..

  • Max

    Hey Jim
    I certainly would choose the 4 K per month AFTER I had less debt,
    and maybe some cash tucked aside, so I guess to start with I want the 6 K
    thanks for the inspiration
    Max

  • Diannholland

    Both option 1 and option 2! I like to have something that runs on its own, BUT, I would also like to have something that I have my hands in. Like Jim’s ebook, He has to change that every so often. BUT he also has things that run all by themselves. 
    My answer is Both HANDS DOWN!

  • Ted

    I’ve given this some thought!

    It would be nice to have both but if I can only have one or the other then four separate income streams I think would be best.

    That model gives me more time to myself and more time to develop aditional income streams.

    Secondly, if one of the four income streams falls over, I stil have the other three.

  • Mike

    Definitely would take the 4 seperate automated income streams.  Isn’t the entire point to develop a reproducable method to adding revenue streams?  If they are truely automated, you won’t be limited by time for adding additional sources of income and therefore won’t reach a revenue limit…

  • Geobarb100

    Option 1.  I want time to work on my pet projects and steady streams of passive  income that would allow me to do this.

  • Arizdude

    Definitely option 1… the reason is that I don’t believe a person should put all their eggs in one basket. Isn’t that what happened to you? Look what happened… you got fired and lost all of your income.

  • P Gardner

    I would choose the four accounts for diversification. Never put all your eggs in one basket.

  • Viola

    Jim, I like option 1 so I can have multiple income streams with little effort.  And if one goes bust, then I still would have something to keep me and my family going. 

  • Kirk Koppenhaver

    I would definately go with option 1!  Never put all of your eggs in 1 basket!!!

  • Anonymous

    Number 1. That would free me up to create 4 more similar income streams, already besting option 2. Then 4 more after that, doubling option 2. And so on.

  • Robert Baker

    I would choose option 1 so i could keep repeating it

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