194: What is Silent Wealth & How to Build It
The Heart & Hustle Podcast
The Heart University
4.8 • 1K Ratings
🗓️ 16 November 2021
⏱️ 32 minutes
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Summary
Earlier this year on Lindsey's stories she talked about the concept of silent wealth, and how Andrew and she wanted to not only work towards diversifying their income to have multiple streams but also to make sure that a good chunk of those streams of income was coming from business avenues that weren't necessarily attached to her face.
If you aren't familiar with the term "silent wealth", it's essentially the concept of having income and investments that are detached from your name, your face, or any other brand you may have.
We're excited to dive into this topic and discuss the how, the why, and the what of building silent wealth. If you're intrigued by the idea of having multiple income and revenue streams detached from your public image, you're gonna love this conversation!
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Transcript
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| 0:00.0 | You're listening to the Heart and Hustle podcast. We are your hosts Evie McCloud and |
| 0:04.1 | Lindsay Roman. We are gonna nerd out on today's episode, my friend. It's gonna be a good |
| 0:10.1 | one. Oh man, okay, so backstory real fast. |
| 0:13.7 | Earlier this year on my Instagram stories, I was talking about the concept of silent wealth |
| 0:18.4 | and how Andrew and I wanted to not only work towards as entrepreneurs diversifying our income to have multiple streams like you know that's smart to do |
| 0:26.2 | but specifically also to make sure that a good chunk of those streams of income |
| 0:31.2 | were coming from business avenues that weren't necessarily attached to my face. |
| 0:34.8 | Like a personal goal that we have is to have like all of our bills and like, yeah, bills paid, |
| 0:42.0 | like basically to live monthly with money that is not attached to like the |
| 0:47.6 | personal brand of my face right and I had a lot of you that were like, wait, what? |
| 0:53.0 | I'm so curious about this. |
| 0:54.5 | What silent wealth? |
| 0:55.5 | Why should I even need revenue streams |
| 0:57.2 | that aren't talked about publicly? |
| 0:58.8 | Like, can you please talk about this on the podcast? |
| 1:00.4 | So today, my friend, that is what we're doing. We are here. We're going to talk about it. |
| 1:05.2 | And if you aren't familiar with the term silent wealth, it's basically essentially the concept of having |
| 1:09.9 | income and investments and revenue streams come in, |
| 1:13.2 | like getting paid, that are not attached to your name, |
| 1:15.7 | your face, or any other brand that you may have publicly, right? |
| 1:19.0 | So it's probably a little fascinating. |
| 1:21.4 | And we're also not coming at this from like the experience of like yeah I'm doing this. |
... |
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