The 6 Millionaire Income Streams (NOT work)

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 7 June 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are six main income streams that millionaires and billionaires leverage to make themselves rich. Listen into this episode with Rob as he shares these streams as well as some great tips and tricks to building your wealth. Join Rob.team to learn in detail, the six main income streams of millionaires and billionaires KEY TAKEAWAYS Interest Income. Either from savings or becoming a lender. Profits Income. Either from buying and selling assets or making profits from owning a company. Royalties. If you build assets that other people want to use or rent then you can build ongoing recurring income. Rental income. Dividend income. Capital. BEST MOMENTS “The borrowers and the broke people, the lenders are the rich people” “If you build assets that other people want to use or rent then you can build ongoing recurring income” VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0	There are six main income streams that millionaires and billionaires leverage to become billionaires and billionaires.
0:10.0	Now there are actually seven different income streams in total.
0:14.0	But the first one, which I call zero, is the one that everyone knows how to do but doesn't make you a millionaire.
0:22.0	And that is earned income.
0:24.0	Nothing wrong with earned income.
0:26.0	The problem with earned income is you're exchanging your time for money.
0:30.0	In fact, you know what?
0:32.0	You're actually exchanging your life for money.
0:36.0	And so the majority of millionaires have learned to transcend earned income and move into one of the other six income streams that I'm going to share with you.
0:48.0	So the first of six income streams that millionaires leverage is interest income.
0:54.0	Now interest is either from savings or lending money.
1:00.0	Now of course when interest rates are really low like they are, you don't get a lot of money in the bank.
1:04.0	But actually, lenders are making good money right now because they have a good margin over and above the interest rate.
1:12.0	So if you can build up some income to lend it securely, you can start to make really good money.
1:18.0	Obviously the borrowers are the broke people.
1:20.0	The lenders are the rich people.
1:24.0	Okay, the next way that millionaires become millionaires and the type of income stream is profits income.
1:32.0	So I've discovered interest income and now profits income.
1:36.0	And you get profits income from either buying and selling assets and making a profit or owning a company and making profits in the company.
1:48.0	Now there's major benefits of owning a company.
1:52.0	You can offset taxes and expenses.
1:54.0	You can make profits.
	...

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