💰Paycheck income is a reliable starting point for building multiple income streams.
🏠Becoming a landlord can provide a regular rental income, even with initial financial investment.
📈Investing in stocks can offer both dividend income and capital gains.
💻Creating and selling digital products, such as courses or ebooks, can generate passive income.
🛍️Selling physical products, either through established platforms or your own store, can be profitable.
Can I start my own business as a side hustle?
—Yes, starting your own business can be done as a side hustle. It's a great way to diversify your income and work towards financial freedom.
Do I need a large initial investment to become a landlord?
—Becoming a landlord often requires an upfront investment, but it doesn't always have to be large. You can start small, such as by house hacking or renting out a room in your house.
How can I get started with affiliate marketing?
—To get started with affiliate marketing, you can join affiliate programs or networks that align with your niche or interests. Promote products or services through unique referral links and earn a commission for each sale or referral.
What platforms can I use to sell digital products?
—There are various platforms you can use to sell digital products, such as Teachable, Udemy, Shopify, or even your own website. Research and choose a platform that best fits your needs.
What are the challenges of selling physical products?
—Selling physical products can involve challenges such as inventory management, storage, shipping logistics, and competition. However, with careful planning and strategy, these challenges can be overcome.
00:00Most Gen Z and millennials aspire to have multiple income streams.
02:09Starting your own business is a great way to diversify your income.
05:27Investing in stocks can provide both dividend income and capital gains.
07:23Influencers can monetize their online presence through affiliate marketing, brand deals, and selling digital or physical products.
09:42Selling digital products, such as courses or ebooks, can generate passive income.
