In this episode, I discuss the 8 different streams of income and why you should have at least 3 of them. Gone are the days of depending on only one source of income. To become truly financially secure, you need at least 3 different streams of income.

0:00 - Intro

0:40 - Welcome to ep.007

1:30 - Thank you for helping me grow my podcast

4:40 - The two categories of income stream

6:30 - Earning income

9:35 - Profit income

11:20 - Interest income

11:50 - Residual income

14:39 - Dividend income

16:20 - Rental income

19:26 - Capital income

20:57 - Royalty income

25:27 - My online courses

26:09 - What’s next episode about

Life, money, podcast, business, businessman, journey, entrepreneur, entrepreneurship, start, enterprise, America, Africa, poor, poverty, rich, wealth, wealthy, income, streams, passive, active, gain

If you would like for me to appear as a guest on your show, or if you'd like to appear as a guest on this podcast, or if you'd like to enroll in my 5 week financial elevation course, please contact me at [email protected].

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To get my proven time management system, visit www.prioritiesmanagement.com. To enroll in my 5 day Organize Your Money Challenge, visit www.findyourmoneychallenge.com.

Thank you for listening and please stay safe out there!

Beko