Lecture 2: Multiple Streams of Income

Multiple Streams of Income Checklist:

  1. Your J.O.B
  2. 401K or what's called an IRA (individual retirement account) through your job, especially if they offer a match. Check with HR.
  3. Roth IRA; some employers have them through the same firm that offers the IRA. If not, start a search with Google.
  4. Savings account, that's separate from your checking account and does not have an ATM/debit card attached. It should truly be a savings account.
  5. Insurance Policy: I like Term, but There's also Whole Life (do your research to determine which is best for you.)
  6. Municipal Bonds
  7. Trading Account for: Stocks, ETFs, Mutual Funds, Options
  8. 529 College Savings Plan for Children and Grandchildren
  9. Precious Metals
  10. Real Estate: Own Your Own Home; Fix N Flip; Rentals
  11. Forex
  12. Start a Business with the short term, 2 - 3 years, goal of leaving your job
  13. Have a side hustle while working
  14. Invest in Crypto
  15. Partnerships: Active Investor or Passive Investor
  16. Collectibles, such as art
  17. Vending Machines, etc.
  18. Endless possibilities...