The 3 Types Of Income Streams

Jessen discusses money, and specifically the differing types of incomes streams, and how by focussing on a few key exercises, we can better align our financial goalposts for the year ahead. KEY TAKEAWAYS There are three types of income: primary, secondary and tertiary. What this means is that you should always have a primary method for attaining income, a secondary that enhances your life, and a tertiary form that supplements lifestyle. We must ask ourselves - if our income was suddenly reduced to 70%, would we have enough to live? If not, can we diversify our income streams to make this happen? BEST MOMENTS 'This is the time when most people recharge their batteries' 'It should roughly be about 70% primary, 20% secondary and 10% tertiary' 'You need to start living your life from 70% of your income' VALUABLE RESOURCES Mind Over Money Podcast - https://omny.fm/shows/mind-over-money ABOUT THE HOST Jessen James Jessen has spoken to and trained thousands of entrepreneurs all over the world, and has featured on Channel 5's Rich House Poor House. Having built, bought and sold multiple businesses himself, Jessen has had some amazing wins and some rather spectacular fails too! He now dedicates his time to serving others to better their lives and businesses by sharing his learnings. Get in touch today. CONTACT DETAILS Website - https://www.jessenjames.com/LinkedIn- https://uk.linkedin.com/in/jessen-james-%F0%9F%91%88%F0%9F%8F%BD-31380968Twitter - https://twitter.com/jessenjames7EMAIL [email protected] show was brought to you by Progressive Media