354 | Streams of Income Set You Free

CRAFTED Millionaire

Cayla Craft

Business, Health & Fitness, Education, Mental Health, Entrepreneurship, Self-improvement

4.9 • 1.3K Ratings

🗓️ 26 October 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

The key to financial freedom is multiple streams of income. In this episode, Cayla takes the time to list all of her streams of income and because she has things set up in the way that she does, she is financially free. This is something that is possible for you, too. Listen today to find out how Cayla has spent time educating herself on investments, network marketing, and how she spends her time on active income while passive income works for her.

Remember that being financially free means that you have assets that will pay for your expenses. Millionaires don’t just have one stream of income. In fact, the average millionaire has seven streams of income and you, too, could have several. Where can you grow your asset column so you have more energy to focus on your gifts?

You will learn:

[1:40] - The average millionaire has seven streams of income.
[2:37] - Cayla has 14 streams of income that she has worked on developing for 11 years.
[4:00] - The active income that Cayla has is the different types of coaching she does.
[5:02] - Her courses are examples of passive income.
[7:16] - Another stream of income is the high ticket transformational life coaching that is both active and passive.
[8:01] - Cayla shares where she has investments in stocks, real estate, and startups.
[9:27] - Network marketing is another space that Cayla is a part of.
[11:29] - Cayla describes how she decided when and where to invest.
[13:27] - It is never too late to invest in something but you need to be educated.
[14:49] - One off fees and workshops are great, but Cayla has stopped doing them as they are not residual.
[15:40] - Set things up to work for you.
[16:41] - When you don’t have to focus on how you’re getting paid, you can spend time giving your gifts to the world.

Find Cayla:

Transcript

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0:00.0	financially free means you have assets that will pay for your expenses. So what you want to do is
0:08.2	you want to grow your asset column. Now if you have a network marketing business that is actually
0:15.6	considered an asset because most network marketing companies allow you to sell your business.
0:20.9	Hello and welcome to the Mommy Millionaire Show. This is your host Kayla Kraft. I am a mom of three.
0:31.2	Multi-millionaire master life coach and money mindset queen. I am so happy and thankful that
0:38.7	you're here. I am actually on a mission to help one million women make a million dollars or more
0:44.4	a year that could be you. Every week I'm bringing you inspiring stories to help you feel empowered
0:53.1	to broaden your horizons to gain clarity and strategy on living your best life. Over at Mommy
1:00.3	Millionaire we pursue our lives with purpose and love and the riches always follow. So stay tuned
1:07.6	because I'm bringing you episodes twice a week. I believe you are your biggest asset. So let's
1:13.0	build you up today. Let's get into it. Hello I am Humped to bring you a fun episode talking
1:30.0	about streams of income. You might have seen that quote that is everywhere. It talks about the
1:37.2	average millionaire has seven streams of income and I wrote mine down. I wrote all our streams of
1:45.5	income down and I was like let's go and share it with the world on how we've been able to do it.
1:51.1	I made a post on Instagram a couple weeks ago about how I am completely financially free and I
1:58.3	wanted to share with you all how I got to that by the age of 30 and I think it's possible for
2:04.8	anybody. It just takes intentionality and expanding your mindset, discipline and commit it.
2:12.0	So let's break it down today. I hope you grab a piece of paper and a pen or if you're listening
2:18.0	to me when you're working out, you yay. It's actually really smart to listen to podcasts while
2:22.5	you're working out because your cells are vibrating at a really high level and you usually retain
2:28.2	a lot more info. So that's awesome. So done. I have 14 streams of income and I'm going to break
2:36.2	them down for you and by the way I have been working on these streams of income since I was 23.
	...

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