How To (Actually) Build Multiple Streams Of Income episode artwork

EPISODE · May 27, 2024 · 25 MIN

How To (Actually) Build Multiple Streams Of Income

from Building Your Money Machine · host Mel H Abraham, CPA, CVA, ASA

Are you ready to finally understand how to build multiple streams of income and secure your financial future? Discover the secrets of diversification and leverage!In today's episode, I dive deep into the necessity of having multiple streams of income and how it's more crucial than ever. I break down my five income framework, showing you how to move from active income to leveraging business, asset-based, residual, and portfolio income. Learn from my personal journey and see how creating various income streams can safeguard your financial stability, especially during life's unpredictable moments.Want to create a money machine and achieve true financial freedom? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: The importance of income diversification and reducing financial riskThe five income framework: Active, Business, Asset-Based, Residual, and Portfolio IncomeStrategies to start with one income stream and build additional streams step by stepRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Money Planning Process to Achieve Your GoalsHow to Get the Right CPA & Why It MattersDemystifying Your Credit Score & Does It MatterWhat to Do Today to Pay Less Tax and Keep More Money    RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM PRE-ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.

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How To (Actually) Build Multiple Streams Of Income

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How long is this episode of Building Your Money Machine?

This episode is 25 minutes long.

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This episode was published on May 27, 2024.

What is this episode about?

Are you ready to finally understand how to build multiple streams of income and secure your financial future? Discover the secrets of diversification and leverage!In today's episode, I dive deep into the necessity of having multiple streams of...

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