Aim for becoming income rich, not cash rich
Creating multiple streams of income isn’t an easy task. From the perspective of time, it probably isn’t possible to hold seven full-time jobs. That means you must create sources of income that allow you to spend time elsewhere. Working at scale or working for results rather than trading time for money is the general idea.
These ventures always take time. Long term thinking is vital to beginning your journey on creating multiple streams of income. I say this not to scare you. You should feel prepared, driven, and purposeful if you’re thinking about expanding your income streams.
In this episode of the Becoming Kings Podcast, I share some of the insights I’ve learned over the past 12 years from being a trainer, coach, and business owner. When you’re deciding on which venture to start, it’s essential to take a look at your priorities. I share which needs you should prioritize, the average amount of income streams a typical millionaire has, and general wisdom about approaching new projects.
In this episode you’ll learn about…
- Learning from the past. (0:46)
- Wealth building takes time. (7:41)
- Buying businesses. (14:22)
- All the freedoms. (20:07)
- Do you leave your day job? (25:28)
Listen to the episode
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