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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[wealthhacker]

Do you have multiple streams of income? Share with us in the comments!

[rayrueda]

Don’t have multiple streams yet. But im working on it. I got my life /health license and securities industry essentials exam this year. Aiming to follow in your footsteps! Can’t thank you enough for all the valuable content 🙏🏽🙏🏽🙏🏽

[stephenlane]

I love how it always ends up selling a product or system explaining to everybody who buys it how to do what he did and how to do it. Then he doesnt have to really do anything of the above lines. 99% of people will buy the products and never do or be able to do what he says hes done. Most wont ever know if he ever really did any of the above or is this part of the set up for the sale of the end product. Those who can do, do. Those who cant tell others how to do it. But who knows. Youd have to go and investigate all these other income streams which youll never be able to really verify anyway. If everything was maximized there would be no time to tell everyone else how to do it. The internet is almost boundless in its reach. In the end you have to grow a following on line somehow and then sell a system telling everyone else how its done. Its actually a great gig. Love this line of income.

[butterz]

Great bookends to this video. Maximize the impact of your first source of income, and coach others. Thanks for sharing.

[fiatdestroyer]

My wife and I have 10 streams of income right now, but they aren't this sophisticated!

[PenniesNotPerfection]

This is awesome! I’ve got to add a couple more streams to catch up to you but I’ve loved having multiple streams of income so far. It reduces so much stress.

[russellhoCFP]

Oh wow! Didn't know you sold your book as a financial adviser. Was still thinking I'm sure you get alot of clients from your blog and YouTube channel.🙌

[Philip]

Nice videos, What are those pens you are using?!

[Migzzzish]

Just got out of debt and working on my own brand. Really helpful video Jeff!

[WealthbuilderzTV]

Multiple streams of income is everything. I have a blog also. Do you have any tips on how to generate more quality traffic for the blog?

[PassiveIncomeTom]

*Thanks for sharing this Jeff! I know you put in work with these systems!* 👍

[ethang]

Thanks for producing another great video!

[dan_the_health_agent]

I sell health insurance in the private market for 25 states, and I have done a landing page/ google ads. The one thing I messed up on was that I should of done it in spanish, as it is more affordable then english market. I have a buddy that does the same but started in spanish, now he is selling leads and not really working them like Jeff did with the life leads he was working on.
once you sell these leads, there are no charge backs and no real headaches either. The trick is learning google ads and analytics and finding a buyer to sell leads too. Which in the health field there are many buyers.

[GenExDividendInvestor]

That's crazy you can get up to $10 for a single click, not even a purchase? Wow. What sort of product/service would pay you $10 for a click? Like an insurance policy?

[davidromero]

do you have a link for your financial advisor online program?

[simohitman]

same stuff listed the previous month...all based on writing, speaking or selling.

[ericbenazet]

Thanks for sharing all this information.
It was very instructive.
Could you tell us if you created an llc for each single source of income and then created a holding company above all of them, or simply you created one single llc?
Thank you and I love your channel.

[GrowthMindsetProductions]

*A* *fixed* *mindset* *is* *probably* *the* *worst* *disability* *you* *can* *have*
, *because* *you* *are* *not* *open* *to* *new* *ideas* *and* *don't*
*understand* *the* *TRUE* *POTENTIAL* *you* *really* *are* *capable* *of*
*doing* . 🧗