Hello and welcome. My name is Gino Barbaro, one of the co-founders of Jake in Gino. And in this how-to video,

we are going to be discussing multiple streams of income. We wrote the book, The Honeybee,

which describes how to create multiple streams of income. And, you know, Jake and I did a poll on

LinkedIn. This is why we're sharing this information with you today on the how-to.

And the poll, let me read it off to use.

What is the most important metric for financial security?

One was multiple streams of income.

The second one was a diversified portfolio.

And the third one was adequate life insurance.

Listen, we love whole life insurance.

That's why we threw it in there.

85% overwhelmingly said the most important component to financial security is creating multiple

streams of revenue. 9% was diversified portfolio and 6% was life insurance. Now, before we dive

into the content discussing multiple streams, let's define what a multiple

stream of revenue is by using the honeybee as the example. And it's very important when you start

thinking about multiple streams of income. They need to be really complimentary. And I'll go into this in a little bit. But I want you to

picture you have a spoke of a wheel. And the spoke of the wheel is the middle. That is the main

driver. Now for us in multifamily real estate, that was the asset itself. That was the main driver.

That was the first stream of income.

Then from there, we created a property management company.

That's a spoke off of the wheel.

That's a stream of income.

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