243: The Truth About Multiple Income Streams
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 4 July 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
In This Episode You Will Learn About:
- Why you need to create multiple streams of income
- How to be in good shape financially no matter what
- The Income vs Lifestyle formula
- The two levers you can pull to address your finances
- The importance of owning one of your income sources fully
- How to build up your income streams right
- Making passive income
Resources:
- Free training videos: fortheloveofmoney.com/free
- Money Principles
Show Notes:
Today, I'm going to be weighing in on having multiple streams of income. I get so many questions about this. There is a smart, stable, enjoyable way to create multiple streams of income. The economy is changing rapidly, and you need to be prepared for anything. I'm going to share with you a story about why Lori and I won't put all of our financial eggs in one basket, and the formula we created to make sure our lifestyle was sustainable. This is going to be so incredibly important to your financial life.
Follow me on social media @ChrisWHarder on Instagram and check out www.ForTheLoveOfMoney.com
For the Love of Money is a production of Crate Media
Transcript
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| 0:00.0 | The economy is so dynamic right now. |
| 0:02.6 | It is changing and spiking and dipping so rapidly like we've never seen before |
| 0:08.4 | that it's not a matter of if it's very much likely a matter of when you're going to need to rely on multiple |
| 0:15.6 | streams of income. |
| 0:18.8 | Welcome everybody this is for the love of money where we are making you |
| 0:27.1 | unapologetic about your pursuit of success by sharing the tools, tips and |
| 0:32.0 | stories of those who have already made it. |
| 0:35.1 | My name is Chris Harder, and each week I will bring you incredible guests |
| 0:39.8 | in order to prove that when good people make good money, they do great things. |
| 0:45.0 | Hey everybody, welcome back to another mini episode of For the Love of Money episodes that I like to call my two cents and today I'm going to be weighing in on just that dollars and cents I'm going to be teaching you about multiple streams of income. |
| 1:01.0 | By fact this is one of the most popular questions I have been getting lately in my |
| 1:04.8 | DMs is, should I have multiple streams of income? |
| 1:08.4 | And if so, how many do I need? |
| 1:10.3 | And how much should each one be? |
| 1:11.5 | And where should I get them or how do I start them |
| 1:13.5 | listen there is a smart way there is a stable way there is an enjoyable way there is the |
| 1:20.7 | right way to create multiple streams of income which by the way you must do in this day and age because |
| 1:27.3 | the economy is so dynamic right now it is changing and spiking and dipping so rapidly like we've never seen before that it's not a matter of if it's very much likely a matter of when you're going to need to rely on multiple streams of income. |
| 1:44.5 | And I think it's for that reason why I seem to be getting this question so much lately. |
| 1:49.8 | And so I actually want to start by taking you back many, many years, and I want to tell you a quick overview story of when Lori and I realized that we'll never have all of our eggs in one basket again. |
| 2:01.0 | And when we created our personal income versus lifestyle formula |
| 2:06.0 | which I'm going to share with you later in this episode. This episode's |
... |
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