How I Built 10 Income Streams | Ideas For Multiple Income Streams

Today We have another special addition of The Wealth Board™  where we will be talking about multiple income streams. 👨‍🏫

I want to share with you 10 multiple income streams that I have created to generate more income.

✋Rule #1 when it comes to multiple income streams: Before you start trying to generate a second income stream - you have to make sure you maximize the impact of your first income stream.

➡️1. Financial Advisor [1:55] - This was my career and the first source of my income.

➡️2. Blog [4:02] - This is my Good Financial Cents blog that I started 11 years ago.

➡️3. Investing [5:48] - I started investing before the blog, but wasn’t really making a lot of return prior to that.

➡️4. Life Insurance Leads [7:00] - I created a website to generate and sell leads.

➡️5. Speaking [8:53] - I don’t do a lot of speaking gigs now, as I’d rather spend time at home with my family.

➡️6. Brand and Sponsor Deals [10:26] - This started as sponsored posts and has evolved into sponsored packages (videos + social + email marketing).

➡️7. Digital Products [12:18] - This could include courses, eBooks, etc.

➡️8. Book Sales [13:54] - I published Soldier of Finance several years ago, but I still get royalty checks.

➡️9. YouTube [14:42] - I do make money from advertisements which pays for recording and editing costs. This is mostly about getting myself out there and building my brand (which supports all the previous streams).

➡️10. Coaching/Consulting/MasterMind [15:36] - This stemmed from people reaching out to me and wanting help with moving past blocks.

I hope you enjoyed this video. If you got value out of this video please give us a like, subscribe, and/or share it with someone you know that could benefit from this information.

#multipleincomestreams #passiveincome

James 5:17-18

Elijah was a man with a nature like ours, and he prayed fervently that it might not rain, and for three years and six months it did not rain on the earth. 18 Then he prayed again, and heaven gave rain, and the earth bore its fruit.


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