Do you want to safeguard yourself from economic shocks and create a robust flow of income? Join host Camilla Jeffs in the latest episode of the Quiet Wealth podcast as she unravels the secrets to building multiple sources of income.
Prepare to be inspired as Camilla takes you on an exciting journey to the Amazon River, drawing parallels between its powerful network of feeder rivers and the potential of multiple income streams. Just like the mighty Amazon.com empire that started with selling books and expanded to nearly everything, Camilla reveals how diversifying your income can contribute to your very own "river of wealth."
Get ready to dive into the world of financial independence and learn about the various income streams that millionaires utilize. From earned income to profit income, rental income, and dividend income, Camilla delves into the seven different streams that can set you on the path to financial freedom.
Episode Timeline:
• [01:22] What does the Amazon river have in common with building wealth?
• [05:56] Why you need to diversify your income streams
• [03:58] First income stream: earned income
• [06:29] Second income stream: profit income
• [07:32] Third income stream: rental income
• [09:10] Fourth income stream: dividend income
• [09:57] Fifth income stream: interest income
• [11:21] Sixth income stream: royalty income
• [12:58] Seventh income stream: capital gains
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