I built 8 income streams in 6 months. Here's what I learned.

What I learned building 8 income streams in 6 months (2021). Hope this video is helpful to you!

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Welcome! I create videos on product design (UI/UX), productivity and solopreneurship.

Chapters:
00:00 Intro
00:34 Income stream 1 - 3
02:25 Income stream 4 - 6
04:30 Income stream 7 - 8
05:42 6 things I've learned

Some are affiliate links, meaning I make a small commission when you purchase through my link, at no extra cost to you. :)

[marinabezruk]

Incredibly inspirational and valuable! Thank you for sharing your experience! I have a full time job, and I'm planning to start freelancing and building multiple income streams in the upcoming year. Do you think it's better to freelance and look for clients globally or start out in a local market?

[frenchgirl]

the 8 streams of income
1. Her full time job (she spends most of her time on that)
2.Freelance UI/UX design
3 web flow development services
4 youtube Adsense
5 Digital products
6 Affiliate income
7 Investments
8 Selling pre-lived items

The 6 things she learned
1. Building systems around workflow is really effective
2. Don't put all your eggs in one basket
3. Everything is figureoutable
4. Don't get caught with busy work (when you feel like you are productive but you are not)
5. Follow your curiosity
6. Your voice could make a difference

[stock_suryawalker]

Thnx Rachel, leaving a note.
Lessons:
1. Build systems around your workflow
2. Don't put all your eggs in one basket
3. Everything is figureoutable
4. Don't get caught up in your busywork
5. Follow your curiosity
6. Never underestimate the power of your voice

Her 8 streams of income
1. Her full-time job
2. Freelance UI/UX design
3. Web-flow development services
4. youtube Adsense
5. Digital products
6. Affiliate income
7. Investments
8. Selling pre-lived items/ flipping

[weicaihon]

Great video Rachel, one that folks really need to watch. I’m 53, retired a while at 45 and through the years I have learnt the importance of having multiple income streams. I have 25% of my capital invstments in an IRA, 35% in index funds, and the balance spread across other investment accts which produce a cumulative of over $ 2.6M yearly. Zero debt and all is going well, my financial consultant has been my number one help in achieving all this throughout the years.

[nrsternes]

“Follow your curiosity, not your passion”
I love that

[elisamacarneirofragoso]

Almost cried when you said "Everything is figureoutable" cause I'm living this moment right now, trying to learn more about money and investments to start saving for my future and buy a house. I also agree and need that boost of "follow your curiosity" cause I have many interests, if I learn this topics for sure I'll be a more valueble professional and can raise my salary, my prices, etc

[archiemcdougald]

Informative! Additionally, in your investment quest or search for passive income, always remember to diversify. Do not put all your eggs in one basket. As one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though). I also experiment with a couple of other things. Hard to imagine that I had initially refused to try out new possibilities especially given the current economy. Good luck!

[Mizko]

I came across your channel a few weeks ago! Love your new cinematography process and skills. Well deserved success Rachel!! Keep it up!!

You inspired me to share my income streams as well.

[laxxai]

you made my day better!
Just like you I am also working as a product designer full time, and running a freelance business on the side. I am currently looking into building an additional income stream so this video was really helpful!

[nagadoogardening]

Rachel, this was really encouraging. I've been stuck the last 3.5 years. To hear you taking small steps and achieving things in 2 years motivates me. The quality of your tips also stand out - very relatable and down to earth!

[farihahfuaad]

Hi Rachel! Fellow Malaysian here 👋🏼 Absolutely love this just in time for the new year where I’m thinking about multiple-income streams. & I feel you, coming from 9-5 it’s super easy to feel guilty when you’re not “busy”. 🙌🏼

[brewall]

Thanks for sharing! I totally agree with everything being "figureoutable". I got into a top UX position after going self-taught because I was tired of my underpaid overworked retail job. I decided to sell most of my stuff and move into an RV to travel because I loved traveling and wasn't happy with the amount of time I could get off. I found ways to save money living in an RV and became totally debt free while saving 80% of my income, and I'm currently taking a mini-retirement for the first time at only 27. If you told me all of that 5 years ago while I was going more and more into debt and being overworked, I never would have believed it. Thanks for sharing!

[MyrnaDeJesus]

You have such a soothing and wonderfully personable presence. Thank you for being so thorough with breaking down everything you've learned. Appreciate your time and tips! Happy New Year!

[JVisuals]

You’ve earned a new subscriber!

I’ve very recently decided that UI/UX is the field I would like to get into, and I’m currently setting up my systems and streamlining things to help transition into being productive. Videos like this are helping further refine the process

[ChichiEfe]

This is amazing content Rachel, thanks for sharing the step by step and demystifying the steps. You are so right the videos are on YouTube making them literally like a legacy that outlives us❤️

[ruswinarniagatha]

I just started following you and I'm almost 50. I love your quote "follow your curiousity and not your passion". You're very inspirantional. I have my full-time job, but I have been starting a copywriting course in the last few months and right now doing some low-paid projects for small enterprises in my city for building portfolios. Your YT content improves my confidence. Thank you very much.

[HaydenWeber]

I absolutely loved this video! I am a full-time college student right now, and my goal this year is to focus on gaining 3 income streams that I can have all throughout the year! The way you went through and showed the proportion of how much the income stream was in relation to your total income was a very helpful visual that really put into perspective for me how important each one can be when combined with others!

[aliciacatherineegan]

Just found your channel Rachel! Fantastic and inspiring video! I am a new homeowner and am always panicked about relying on only one income. I love your tips around not putting all your eggs in one basket and having multiple income streams so that you always have backup in the event that one of the income streams does not work out. Thank you for this!

[SHAEXIN]

I wanted to share that this was really uplifting as I've been building my streams as well and I just started my blog. loved your video :) Thank you for sharing your experience.

[mintgreen]

Your advice about busywork is something a lot of new professionals struggle with! Prioritizing the high value work or not doing tasks that aren't asked of you that aren't high value is so important.