My 12 Sources of Income at Age 63

Welcome to an eye-opening episode of the Building Your Money Machine Show. Today, we're taking a look behind the curtain as I reveal the 12 income streams I have built by the age of 63—streams that were actually established decades ago and have provided me with the freedom to live life on my own terms. In this episode, we delve into how you can achieve financial freedom by creating multiple income streams, understanding the necessity of diversification not only in investing but also in income.I am going to walk you through each of my income streams, from the most active to the least active, showing how they have enabled me to thrive even through life's challenges, such as my battle with cancer, without being tethered to a single source of income.We will talk about active incomes such as my financial consulting and public speaking, to more leveraged streams like online courses and real estate investments, right up to truly passive income from dividends and interest. My journey demonstrates the importance of not relying solely on one income stream and how this approach can safeguard your future.IN TODAY’S EPISODE, I DISCUSS:The importance of diversifying income streamsMy personal journey and how I built multiple income streamsUnderstanding the hierarchy of incomeHow to start small, leverage existing skills, and methodically build additional income streamsSix steps to begin building your own diverse streams of incomeRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Finance Expert Ranks Best and Worst InvestmentsWhy Having Money Is Better Than Spending MoneyIf You Can Spare 15 Mins, You'll Get 20 Years of Your Life BackWhy We Can't Save Money – And How to Fix It9 Financial Habits Holding You Back In Your 40sRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Finance Expert Ranks Best and Worst Investments: https://youtu.be/Q-PD2RLVfG4Why Having Money Is Better Than Spending Money: https://youtu.be/0voKPQKtzKgIf You Can Spare 15 Mins, You'll Get 20 Years of Your Life Back: https://youtu.be/gU31MwejdGIWhy We Can't Save Money – And How to Fix It: https://youtu.be/fpp3jEI0i20ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com