Tag Archives: investing

The 6 specific ways I make money and the beauty of multiple streams of income.

I’m writing this to you from the Equator aboard the largest cruise ship in the world.

Mike and I aren’t really cruise people, but we won this all expenses paid trip for being one of the top growers last year with our product partner, USANA Health Sciences and we’re having a ball!

(The other day I took a Chicago dance class in a venue called Dazzlers on board where we learned choreography to All That Jazz. Seriously – so fun!)

We’re not only not paying for this amazing vacation, we’re still making money this week even though we’re not working (aside from me writing to you.)

And no, it’s not because we have so many weeks of paid vacation per year. It’s because we’ve been smart about where we’ve put our energy. We’ve learned to invest our time in streams of income that pay us over and over again for work we’ve done once.

I’m not telling you this to brag. I’m telling you this because I want to make sure you know it’s possible.

Mike and I live a lifestyle of freedom because we’ve created multiple streams of income that pay us whether we’re working or not. And I want you to know exactly how we do it so that you can do it too.

When both of us got started in business (me at the age of 18 and Mike at 21) neither of us knew anything about residual income or creating multiple streams of income. We had to study it and put it into practice.

Today’s episode of Financial Freedom Friday is the second to last in the series and it’s a good one. (Not that they all aren’t good – but this one is particularly practical.)

In the video below you’ll hear me share:

  • the 6 specific ways that Mike and I make money and how we got started
  • a simple strategy for choosing which stream of income to start building first
  • how to know when it’s time to start a new stream of income
  • the top mistake people make when they start setting up their income streams
  • my biggest downfall when it comes to building my business that I’m still working on
  • and more!

Click the video below to get the goods:

Focus prevents overwhelm. ~@katenorthrup (Tweet it!)

Over to you:

Is the concept of creating multiple streams of income new to you? Is this something you already have set up? Which ones have you chosen and why?

I always learn from you so please leave a comment!

Money Love Course Kate Northrup

 

P.S. The doors are opening for The Money Love Course really soon! Are you ready to make, grow, receive, and give more value? This 4-part online course will guide you to do all of that and more. Click HERE to get on the list to be one of the first to know when registration is open.

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Passive/Residual Income: Fact or Fiction?

Guess what day it is? It’s Financial Freedom Friday! In last week’s video that answered the question, “What is financial freedom?” I promised you a video diving deeper into HOW to create financial freedom. And that’s exactly what I made for you! There are tons of people living lives of financial freedom all over the…Continue Reading

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How to pick where you put your hustle

Last week I wrote a post on how abundance truly lies in simplification. This is one side of the equation when what you’re after is financial freedom. The other side of the equation is creating streams of passive or residual income. As a reminder, you are financially free to the extent that your passive or…Continue Reading

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How to create a home for your money.

Freedom tastes the best when combined with a generous dollop of home. In other words, it’s easier to spring off into endless possibilities and expansion and ecstatic creation in your life if you’ve got a firm foundation, if you feel safe and grounded. When I sold my apartment, got rid of most of my physical…Continue Reading

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Are you asking for it?

I was inspired to write about female financial power this morning after reading a post from Lora Sasiela of Financially Smitten on negotiation and how our ability to ask for what we’re worth gives us a much better return on investment than minding our portfolios or becoming a stock wizard (though these things are important…Continue Reading

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