Want to Quit Your Job? You Need Multiple Income Streams
I’ve quit jobs for a variety of reasons, but usually, I quit because I move.
There definitely came a clear moment when I should have quit - and then I usually stayed, growing resentful, for way too long.
Finally, I found a job I couldn’t quit….because they laid me off!!
And it was the BEST because I knew I would NEVER work as someone else’s employee in that same, 40 hour a week, why-are-you-5-minutes-late, do-as-i-say way.
I know a lot of you feel stuck in your current job.
You need the money.
You need the health insurance.
You need the illusion of financial security.
Friends, what would it feel like if you quit your job tomorrow, made MORE money, and got better insurance??
Imagine what it would be like to enjoy your time doing the things you love, not bartering your time for a mediocre paycheck.
I’m going to tell you how to do it!
Psssssssssst! It’s multiple income streams!!!
Multiple income streams are my jaaaaam. They’re the reason why I get to live the way I do.
Not to brag but in the past year, I’ve lived across the street from the beach in Santa Barbara, moved to Baja, Mexico to write a book, and currently live marina-side in Los Angeles doing what I love: teaching yoga and business coaching!
Creating multiple income streams around my passions has allowed me to flourish by keeping me energized, innovative, and driven.
By utilizing multiple income streams, I went from being chained to the corporate world to living life on my terms.
Why You Need Multiple Income Streams
The truth is, you’re not going to achieve the dream life you want by climbing the corporate ladder. (sorry to be the bearer of bad news).
Multiple income streams, on the other hand, give you a key to the best life possible.
Ever wonder how millionaires get so rich? They have multiple income streams! The most popular are:
Earned Income - Salaried Job
Profit Income - Affiliate Sales
Interest Income - Savings Account
Dividend Income - Stocks That Pay a Dividend
Rental Income - Investment Property
Capital Gains - Owning a Home
Royalty Income - Something You Created
Multiple income streams can make you money overnight. No, that’s not an exaggeration! Multiple income streams can be a reliable, major source of income especially if you’ve formulated the perfect offer.
The more passive the income, the more free time you have to work on what you want. Once your passive incomes begin to grow, you can start outsourcing!
Everything adds up! Don’t turn your nose up at any amount of money no matter how small. That’s more “free” money to help support your lifestyle.
A Peek at Passive Incomes
There are three major types of passive income: short-term, medium-term, and long-term. I highly suggest having one in each category.
Short-Term Passive Income
You can generate money fairly quickly within 1 to 6 months.
Other examples of short-term income include:
Stocks
Donation-Based Content Farm
Patreon
Only Fans
Insight Timer
In my business, I use my affiliate relationship with Insight Timer to generate short-term income. The more viewers tune-in, the more money I make! Dedicating just 1 hour of my time can sometimes lead to a HUGE payoff.
Medium-Term Passive Income
Medium-term income will take a bit longer to curate and can take between 6 and 12 months.
Examples of medium-term income include:
Evergreen online courses
Cryptocurrency
Evergreen online courses are a gold mine when it comes to passive income! Seriously, do not sleep on the opportunity to work ONE TIME and make money for years to come.
What are you an expert in? Find where your authority lies and use that to leverage your online course. Since I am a business coach, I run many challenges and workshops around personal and business development.
Let’s talk cryptocurrency. A bit of advice, don’t just randomly go investing your money in cryptocurrency! Cryptocurrency is complex that needs to been studied before pulling the trigger. I studied cryptocurrency for 10 years before investing.
Long-Term Passive Income
Did you know 99% of people start with affiliate marketing? Yup! Affiliate marketing is one of the best long-term incomes to get involved with. Although long-term passive income can take 1 to 5 years to generate, it is well worth it!
Stuff you love and would recommend anyway but you’re getting paid for it. I have affiliate links to Amazon.
Other examples of long-term passive income include:
Index funds
Ambassador programs
Want more in-depth info on multiple income streams? You NEED to check out my 30-minute webinar Splendid Money Management: Diversify Your Income Streams! You can access it RIGHT NOW, my gift to you!
You’ll get:
A look at the Splendid Yoga marketing funnel!
A thorough understanding of passive income streams
Plus, personal finance (for people who HATE personal finance)
What are you waiting for?? Watch the webinar now!
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