“The average Millionaire has Seven sources of income”
Building income streams is not easy. It will take a lot of time, effort and systems to make each new income stream work in your overall plan.
Making more money is essential though, on your path to financial freedom, and there really isn’t a way to make a ton of money over your lifetime than to learn how to build multiple streams of income.
Before we get into it though, this article is part 4 of 5 in a series on building wealth.
You can find the other four here:
Every month I choose a book to review on my Wise Owl Wednesday newsletter. I only choose books that can help you improve your life in one of three categories:
Then I break it down over the month, giving my thoughts and takeaways.
Then I bundle it all up into an article like this so everyone can gain a little wisdom.
April 2020’s book of the month is Ramit Sethi’s “I Will Teach You To Be Rich.”
We are at the beginning of a massive economic recession due to the COVID-19 pandemic. So, this month I chose…
I graduated from college in December of 2012, and I thought I was well on my way to being an actual adult.
I had a salaried job lined up, a place of my own I had recently leased, and a life-changing experience of being broke in Japan I could draw on for wisdom.
Several months later, I knew I was so damn wrong. I struggled to excel at my job, I wanted to be rich already, and I hated the lack of freedom that came from having to get up and go to work every day.
In a nutshell, I…
“Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life. They can be applied again and again in similar situations to help you achieve your goals.”
― Ray Dalio
Principles became all the rage a few years ago when Ray Dalio released his uber bestseller Principles: Life and Work. It made all the bestseller lists and was mentioned in every “Books to Read This Year” list here on Medium.
It became so popular it spawned a picture book and companion app on your phone.
I read it several…
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy. — Naval Ravikant
When I hear friends of mine talk about how they have nothing in common with people they work with, it always makes me smile.
“Of course, you have something in common with your coworker.”
“And what is that?” They always ask.
“To have enough money to just say “F*ck you” to your job.”
I’ve never met anyone employed that didn’t want that. …
“You are not uniquely defective” — Charlie Gilkey
The last decade of my life has been a slow and gradual push towards getting my shit together. This has been accomplished through constant learning, stubborn persistence, and a realization that everyone, in the grand scheme of things, is pretty stupid. Especially me.
We never know as much as we think we know, and yet every single human out there has limitless growth potential. We just have to figure out how to continue to grow.
With the goal of constant improvement in mind, I used to go to a personal development conference…
Every since the insane “bubble” of cryptocurrency in late 2017, the world has been wondering when the next rally will be.
No one knows, but the technology of blockchain and the use cases being built on top of it has continued full steam ahead in the last two years. There are many opportunities out there for the forward-looking technologist.
So, in this article, I want to walk through a few significant events happening in 2020 that could push the entire cryptocurrency market back to where it was in 2017.
Also known as the “halving,” Every few years, Bitcoin cuts in…
“If you want to live a happy life, tie it to a goal, not to people or things.” — Albert Einstein (allegedley)
It’s that time of the year again. The time where the last breath of a dying year gives birth to the loud hopeful cries of a new one with millions of people around the world looking forward to a fresh start.
For some, this is the time to make and break New Year’s “resolutions.” For others, it is a time to reflect on the year prior in hopes of gaining insight and appreciation of one’s accomplishments. …
“People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” — Maya Angelou
Friendship and leadership are two descriptions that are rarely used together. I think they can often be synonyms.
As a 29-year-old, I’ve spent most of my working life as an employee with a “boss,” so my formal leadership experience could be considered to be lacking. I disagree with this, though, because leadership is certainly not telling people what to do.
Leadership is soft skills. It’s learning how to listen, empathize, and understand the people you…
In my family, I used to be the guy that gave everyone books for Christmas. I’d think long and hard about what different knowledge different members of my family could most benefit from.
I’d find the best book on the market related to that topic, and give that book as a gift that year. I was the king of gift-giving.
Except my family members did not read any of the books I gave them!
0% read rate! Why was this?
My family knew I had no business giving advice, as I hadn’t accomplished anything!
I needed to get my shit…