How We Built 7 Streams Of Income & Became Millionaires by age 37

In today's video, Stef is going to break down the 7 streams of income that we leveraged on our path towards financial independence. We used these various income streams to pay off over $420,000 in debt & become millionaires by age 37.

We hope this gives you some inspiration on how to diversify your income as you navigate building wealth.

Let us know what you think in the comments 👇🏽

👋🏽 KEEP IN TOUCH with Stef & Joe 👋🏽

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DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Joseph and Stefanie do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!

[jasonmiller]

Sad part is the people to click on a video like this are usually already on the right track or in the right mindset. The ones that really need this knowledge would dread hearing the truth. Like telling an overweight person about the benefits of excercise

[PLo_Trades]

You got me curious now, how does one become a consultant? I believe I have lots of valuable knowledge and experience in personal finance from both the military and civilian sector and would love to share it.

[TheAtticus]

Awesome video! My wife and I are both working six figure jobs and are wondering how to diversify, so this is perfect. Just gained a sub!

[allforgood]

Thank you for explaining covered call strategy. For your investment income, when the fund pays out capital gains to you, you do have to pay capital gains tax on those gains. I think you're describing change in investment value (which can go up and down) vs. capital gains. And, yes, if you sell the security, you will incur a net realized gain or loss.

[rufdymond]

Although I still work, I’ve have more than one source of income (multiple) for so long, I couldn’t imagine going back to relying on just a 9-5 or in my case 8:30 to 4:30 😂 income.

[LegacyStacker]

Hi Permission To Be Wealthy! I just subscribed to your channel! I'm always looking for more passive income streams!😎🏆

[KFontLab]

I’m so glad I was able to come across your videos. many people preach investing, but it is always so general and/or all over the place so people don’t know where to start. Thanks for breaking the information down.

[KingsleyOfosuTwumEmergeMedia]

Just discovered your channel, as a content creator myself I have fallen in love with your channel! You have earned a subscriber

[Duckeeh]

Timestamps would be a very nice addition to videos like these!

[dimitrybugrimov]

Great video, like the break down of #6 stream

[marioflores]

Can you please make a video of covered call etfs? Which accounts these are being held? What are they? Etc.

[sudheerdurga-nqnb]

Thank you so much for great content. Can you please do detailed video on Covered Call Premium Strategy

[dontfighttheriptide]

All streams seem to lean toward the bullish side. What preparation is in place for a redirection of the market if we go into a realistic correction, or a long overdue bear market? Covered calls potentially cap some upside, but how about protective puts? Several years of accumulating gains should also highlight how you intend to keep those gains in the event of a down market. Also, important to indicate or suggest a liquidity position - I.e., how many months/years can you avoid drawing from investments in a correction. I mean, election year, brewing conflicts and mounting federal debt - what could possibly go wrong ?

[g.ajemian]

Hi, I am new to your channel if you have a video showing how much you have invested in each of these different equities to generate the dividend income that you are showing. I am very close to retirement and and getting ready to deploy assets in some of these areas appreciate seeing what the income needed to generate these dividends are thank you.

[benmallipudi]

Incomes from work isn't keeping up with inflation

[Ginger_Spicy_Candor]

Yes I'm starting to feel this way becoming a mom and then being pregnant repeatedly. I'd like to be more of a present wife and mom.

[shemantosah]

Your content quality is good but your channel is not optimized, and your video is not SEO optimized, I mean search engine optimization SEO.
Because of which your channel is not growing, video views and subscribers.

[kuvmjbh]

Of course with that much earned income you guys would easily be able to invest that much! Lol.
How about the average folks?!? Please at least acknowledge that your situation is like 1% of the American population.
You realize that there are some of us that literally live on less than six figures.