How I Built 7 Income Streams in 2 Years

Today, I talk about how I built 7 income streams in 2 years. Developing multiple streams of income is a key strategy for financial independence. Passive income is a big buzz word nowadays and several strategies exist to build both active and passive income in 2022. Making money online is not easy and certainly no get rich quick scheme. In this video, I show you how to make money on YouTube and how to build multiple streams of income in a few years. There is no guarantee to build 7 income streams in 2 years, but hard work will definitely pay of. Start your journey to make money online, build passive income, develop multiple income streams and become financially independent today.

Chapters
00:00 Why I was dependent on my job
00:56 How my income streams changed over time
01:56 My 7 streams of income
06:22 How to build multiple streams of income

#incomestreams #passiveincome #financialfreedom

Sign-up to the waitlist for my new upcoming Communications and Slide Writing course:

🎓 COMMUNICATIONS AND SLIDE WRITING COURSE
Learn to create PowerPoint presentations and communicate like leading consulting firms with this Firm Learning Signature Course:

📄 CV AND COVER LETTER TEMPLATE*
Get a CV and cover letter template based on my own documents. With earlier versions of this CV and cover letter, I successfully applied to McKinsey as consultant:

✅ THINK-CELL - EXTENDED TRIAL AND SINGLE LICENSES*
think-cell is the leading PowerPoint tool to create professional slides. It is used by 8 of the top 10 consulting firms and the entire DAX 40. Get access to an extended free trial and single licenses:

👍 CHANNEL MEMBERSHIP
Become a member of Firm Learning to support my work and get access to perks:

📩 NEWSLETTER
Sign-up to the Firm Learning e-mail newsletter for more regular content:

☑️ RECOMMENDATIONS*

💬 SOCIAL MEDIA

* Links are Affiliate or Sponsored links. I receive a fixed fee or revenue share whenever a purchase is made. The price for you stays the same. Thanks for your support!

All views expressed on this channel are private opinions of this channel's creator Heinrich. This is NOT an official channel of any consulting firm.

[FirmLearning]

Interested in my full course on how to create Consulting-style slide presentations? Check it out:

[Ebraheimi]

Great and insightful video Heinrich, thank you for sharing. I always love that last part where you say to that like button”, very iconic of your videos haha.

[ezra]

It just occurred to me while watching this video that I got the job I wanted after I changed my resume as per yours. Now I preach it as the gold standard for professionals' resumes. Hope you'll get a kickback off of that before and in the future! Cheers, Heinrich! Honoured to be able to hear a consultant of your caliber and experience with junior consultants.

[thomasvannoort]

Hey Heinrich! I'm not going to ask you a question, but I would like to just tell you that your content is very inspiring :) Thank you so much for sharing your experiences, I hope that you realize that you got a great influence on many people😄I can't wait to see your next video!

[SanRemoMotelBar]

Thanks for your honesty, openness and enthusiasm, Heinrich!

[alexanderlyon]

I'm happy to see your channel grow so much so quickly, Heinrich. I did communication skills workshops for McKinsey (West Coast offices in the US) for many years. I had a great time. They were excellent workshop participants who were eager to learn and develop.

[davids]

Thanks, for sharing, Heinrich! With a consultant angle, I'd argue something is missing in your storyline - the total revenues per year, or at least how much bigger or smaller it became ;) Secretive Heinrich ;) Still, thanks for another very interesting video, and you do so many great of them!

[sitrakaforler]

Really thank you for your vidéos Heinrich !!!! You are great !

[jeffhoward]

Great video. Congrats. I taught part time at b-school. Money wasn't great but it was a great platform to learn public speaking, course preparation etc..

[emanuelmedina]

Heinrich great content! Thanks for sharing

[anotherfrequency]

I really like the idea behind the "surface of luck". GJ Heinrich !

[miquelsubira]

Sounds very interesting…

Back in the day I used to work a lot of hours in my regular job as a purchaser. I used to have more than 100M€ purchasing value.

In the pandemic I had to start working as I had just started in the hospitality industry, I started building my on-line course about negotiation and teaching a few seminars in the university, but when the lockdown was over I could not follow with the project.

I am also quite into cooking and many times I think if I was being truly comfortable while doing this trainings. I am now considering to explore the possibility to do a project related with cooking… this video is quite inspiring, actually the fact of what you built within two years…

[juanpablovaldesgramer]

Hi Heinrich! Here from Chile (south america) Im currently trying to build a new stream of income in the personal finances consulting (coaching) field but it has been quite difficult to do both jobs simulteanusly. How many hours do you work to keep this streams? Thanks for your content and your courses!

[PowerofJohras]

Really like ur videos! 🙏👍 its inspiring

[hallowelt]

Amazing insights. Thanks, Heinrich!
One question: Since you are selling your courses and templates via Teachable to your international audience, how do you handle sales/VAT taxes for those sales? I have no ideas how this works for digital products nowadays. Do you have to register with the tax authorities in each invidual country because that sounds like a huge effort 😅

[MichaelEAConn]

This is great! Thank you for sharing and congrats on making your luck to get to where you are.

May I ask how do you decide on the content topics for each video and what is your process for building a script/talking points?

Thanks.

[ajb]

You’re back! I was so bored last weekend.

[Knowledge_Nuggies]

Nice one Heinrich :) Would be curious to learn about the share of the dividends in that pie chart though ;)

[GT-tjqg]

He's always smiling. It doesn't leave his face for 1 second in the entire video

[dr.artshala]

Having similar diversified income streams, I see a challenge which at least for me has been quite a burden. The majority of your income is around the work that YOU have to do. Referring to the "average millionaire has about 7 income streams" - I believe the majority of income streams are passive income (capital markets, investments, real-estate etc). Anyways really enjoy your content. Keep up the great work! Thank you!