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Investing Earning Living PodcastAuthor: Marika & Marek Language: en-gb Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Diversifying Your Income Streams to Live the Life You Want
Episode 18
Monday, 2 August, 2021
Marika discusses the importance of diversifying your income streams and with millionaires having on average seven different streams of income it’s a proven pathway to securing your wealth and ensuring you can continue to live the life you want even if one income stream stops If you want to live a comfortable life then this is an episode with great advice on different streams of income and how to get started. KEY TAKEAWAYS When you have multiple streams of income if one stops you can still live a comfortable life Things can change and multiple streams of income are key in the journey to wealth You should diversify to have a combination of traditional and online businesses along with investment strategies You can have an online business and sell things without holding stock yourself Look at diversifying into different products Always have a backup plan especially in property in case the main plan doesn’t work out In property use a range of different strategies If you are entrepreneurial then you can purchase existing businesses There are many established businesses available to purchase and you can then add value An average millionaire has seven income streams It’s worth diversifying into precious metals and this can preserve your wealth BEST MOMENTS ‘Various things can happen in life’ ‘You need to make sure you have money coming in from different sources’ ‘We are entrepreneurial and can make it work VALUABLE RESOURCES Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living ABOUT THE HOSTS Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives. They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn. CONTACT METHOD Email- info@investingearningliving.com Phone - 0333 050 9443Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211
