One of the key lessons we can take from the pandemic is the importance of having more than one income stream. We learned the hard way that nobody's jobs are as secure as they say, and at any given time we may need to find another source of income. In fact, did you know that on average most millionaires have seven sources of income? This might sound overwhelming at first when you are new to the multiple streams of income game, however, once you understand the basics it makes more sense. For instance, just start with some of the different ways people add to their sources such as “a side hustle or freelance business, investing in rental properties or the stock market, or selling products or services online”. Even the famous entrepreneur, author, speaker, and Internet personality, Gary Vee, buys and sells toys and baseball cards from yard sales and turns them for a large profit on the internet. It is not about the how, it is about which ones of the “how” interest you the most at first.
In this episode, you will discover:
· The 3 action steps you need when pursuing multiple incomes.
· The importance of taking the time to learn how your money makes money.
· Why depending on a single income is a high-risk investment.
The world’s most successful investor, Warren Buffett, once said “If you don’t find a way to make money while you sleep, you will work until you die.” We are not knocking work, we are saying you should be bringing in more income than just your day job. Find some ways to monetize your passions, skills, and knowledge to start some small streams of income coming in. On top of that pick some bigger streams like real estate or stock to start researching and see where the journey takes you. Join us this week as we teach you exactly what you need to know about taking the first steps towards multiple streams of income and start to take action toward your future today.
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Millions of Possibilities: Taking your Ideas from Inspiration to Monetization
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