In this video, we will discuss the 7 types of income that people use to build wealth. As we have seen in the past, being solely reliant on one source of income can prove to be a mistake. Some of the sources are passive income, while others are active methods for increasing income.
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first
Yes sir
Good videos. Keep it in this level!danke mann
I’m 3rd commenter
Congrats
I like this vlog today
3rd and lucky hopefully 🙂 great video 👌👌👌
Thank you!!
Great video
Thanks Nelly
Average millionaire has 7 streams of income for sustainability and as a contingency incase one of his business is bankrupt.
Yes Shane! Thanks for stopping by the channel!
@Nate O’Brien
Love how you use the business jargon in an understandable way and share tangible tips. 🙂 By the way, what programme you use to edit your vids, for example, masking the background?
Do you have a video on how college students can make money with such a strenuous schedule consisting of homework and classes?
I don’t have one specifically for college students but I think I will create one soon. I have a few videos on side hustles that should be applicable to anyone!
Parents
Leave college!!! 😂😂😂
Thx for sharing this! I think a few is manageable in the beginning and then managers or assistants need to help operate the streams of income.
Agreed Tom!
“Got money coming in all kind of ways lump-some and residual” – Drake
Drake should be making this video
Great video! Building up to seven income streams can take a lot of work but once you have them all set up and flowing nicely the money you can make is insane! Great video!
Thanks Calvin!
Real estate is king! 🤴🏻🏠🏢
It’s a physical asset!
Nate O’Brien just curious as to which is your personal favorite? Factoring in time invested, cost and tax purposes, would you still select being a business owner?
What Stock Trade school would be great to study @? My two sources will be stock market and Real estate. USE stock market to buy houses dirt cheap refurbish property rent out. IF able to use credit card rewards get max 5% cash back on some credit cards , miles, hotel stay
That’s the and goal bro
Buy one share of a company at 11, wow that’s awesome!
I lost so much money on the transaction fee yikes. You live and learn
have you ever changed your shirt and recorded a bunch of videos in one day and uploaded throughout the week? that would make youtube 10x easier…
I have a dozen of these shirts and I only film one at a time. Maybe I’ll start batching them
Are you considering real estate videos in the future? Everyone I watch is either on the West Coast or Canada, so it’d be nice to get the perspective of someone on the East Coast. Even if it’s your first property, I think any tips you could give would be helpful. On a side note: Are you saying you NEVER saw the original Star Wars trilogy? 😳
I have some friends in the local area who own a few hundred units. I think I will interview some real estate investors in my area. I have never seen Star Wars… ever
Sounds awesome! As for Star Wars—it’s okay—I’ve never seen GOT so I guess I can see how it could happen.
Nate O’Brien *few hundred units*
Woah
Can you make a video on overcoming the fear of investing? I want to start investing but i’m too afraid to potentially lose money.. even if i put money in “safe” investments. I know i’m not supposed to invest money i can’t afford to lose, but it doesn’t help my fear. How likely is it to actually lose some or all investment money?
maddie I would suggest investing a little amount of money first to get your feet wet. Afterwards invest what you can afford to lose. Not investing will hurt you more in the long run.
Think about it this way. Your money is guaranteed to lose value to inflation if you don’t invest it. If you invest at least you have a chance to make money. It’s riskier not to invest on my opinion
Manuel Hernandez I agree with Manuel you’re already losing value in money what more do you want to lose until your money is worth half its value in 10 years.
Killing it Nate! Almost to 200k 👏🎉
What does this guy mainly income
Ricky Gutierre
im early yay lol
10:09 UNSUBSCRIBED, only joking great video as always
haha I knew someone would definitely comment on that lol
You haven’t watched Star Wars????
No. I was too busy watching documentaries haha
Good analysis of income streams $$$$$
Grasias! Maestro-
El siempra tiene muchas cosas que no es facil encontrar en otro videos 🙂
What watch do you wear?
Walmart brand
I’d love to hear about your process whenever you start getting into real estate! Are you going to be looking at multi-family properties?
I only got 2 income streams rn
Better than one
Awesome video Nate!
I run a courier, residential washing and detail service business but it’s still not that easy. You have to gain trust and stability. I have a desire to put items needed for the working man/woman and sell them with interest. For example: I buy every tool needed for roofing and I sell them as a package and get payments made (interest first!!!) over a period of time. Instead of releasing money.
Detail Enthusiast business is never really as simple as the concept sounds. Good for you making it work!
MORE INCOME SOURCES!!
Honestly I’ve never in my life felt comfortable with just one income source.
Gracias Nate, siempre tan informativo👍🏽‼
“People like Elon Musk. He has Space X. That earns him some money.”
Thank you for sharing this to us.
The more income sources the better. I’m growing my stocks portfolio this year at a good rate with the market doing well. Check it out.
*Real estate seems like a whole nother beast but it’s how most millionaires are created! Maybe one day I’ll finally get into it*
Sean Lei – Money & Minimalism ‘one day’ as in never🤣
@L W ahaha I view owning a home as a lifestyle commitment on top of an investment. Mowing the lawn, fixing the house… things my present self would hate
Sean Lei – Money & Minimalism if you have the money do to so you really should
Real estate needs big amount of money to start with.
Start with something small, build capital. Then start doing real estate
Multiple sources of income > 9 to 5 job income
Real estate is the real deal! Leverage is crazy high and investors can make it even bigger!
True bro!!
Multiple income sources is great!! I prefer more than 1 just to take the pressure off of that 1 source!
… on a video like this, you should have enumerated the reasons so we could save time if we already know them all (or just watch the portions for the ones we do not) Please prioritize your viewers time over monetization. I normally thumb up your video, but this gets a hearty, deserved, thumb down.
Do you have a video breaking down stocks ?
Make each stream into a river! 😀
How can a underage student, who is 16 year old make a millionaire Dollar by 18? (If possible)
Nice video, Nate.
unsubscribe because no starwars
WAIT!! We can’t be friends if you haven’t watched starwars!!!
10:09 excuse me sir
Earned, passive income and portfolio income. According to the IRA.
They are always trying to find a way to tax us!!
Hi Nate
You always have great info to share.
Keep up the good work !!!
I agree!! Always bringing value to his audience 🙂
Man this was a great video right on point man
I agree with you Travis, the value that he brings to his video’s are more than anyone can hope for.
I really enjoy your channel man. Great video bro! I just made a video on this same topic a few days ago , check it out and tell me what you think.
If you put about 4 adds in your videos that are longer than 10 min long your videos will make more. One at the beginning 2 spaced in the middle and one at the end
I’m sure he knows that mate
Will Bilyeu maybe he values ethics more than a little bit more money?
Thanks for great informative videos. Keep up the good work 👍🏻
Invaluable information! Thanks for sharing bro!
Hopefully, you’re growing so fast, I mean YT.
I watched the ads at the end for you. ☺
I really enjoy listening to you teach us! You’re very thorough without being dull, you’re personable but don’t get off subject and make it all about you. Very humble. 💚
Appreciate it, sometimes I worry my videos are too bland
@Nate O’Brien Not at all! Keep it up, you’re making a difference! I’m glad you saw this. ☺ You are a really respectable guy.
Never put all of your eggs in one basket 🧺
7 Virtues of Nate
Nice video! I definitely agree with the fact that you need more than one stream of income to help you retire.
Good breakdown
Brooo c’mon you gotta see the Star Wars original trilogy. 🙁 10:09
Maybe one day
Atleast the original
hey @NateO’Brien what edition of random walk down the wall street would you recommend reading
Great video Nate, tons of views, And I notice your getting closer to 200K subs. Congrats!!! I am still struggling trying to get 1000 subs. I just hit 675 subscribers. Any advice or help would be appreciated.
I have a spending problem, how do i save? I keep spending my cheque on food and gas, go threw at least $600
Wholelotta3LK start taking public transport and go halves on food with peers or visit family. Fasting is a money saver too.
This is very well explained.
Great video Nate – My experience has been that starting businesses takes tons of up front time (and sometimes failure) but on the back end leaves me with a lot of time to experiment with other sources of revenue. For me it’s a combination of starting businesses, saving, and investing . . . and even trading time for money when I enjoy it . . .that seems to produce the most secure financial picture over the long haul. It just takes a ton of work resilience on the front end. 😄
“I never watched a star wars movie” 😳 and I trusted you…
This video is chalked full of great info! Thanks Nate! As for the people shocked he hasn’t watched Star Wars….who cares. I am used at the amount of people who think people NEED to be interested in what they are. I shock people when I say I have never been interested in the NFL, NBA, MLB. Again, who cares.
How did you invest when you were 11
Take a day off, maybe two and binge watch the star wars series. You won’t regret it.
7 Virtues of Nathaniel
7 Heavens of Nathan’s Wisdom
777 Jackpot
7th week
7 days
My name is 7, for we are open 24/7
But I feel like, for a beginner (so, someone who does not have a lot of money to start with), real estate is not an option. Some sources of income described in the video are just available once you are already reasonably wealthy. For starting a business that gives you back a lot of money you need to have a great idea, is not that easy.
New to your channel dope videos bro most definitely learning new things!…imma boss now and need more info on taxes and write offs ..if you have a video explaining these things or a breakdown on how you do your taxes can you comment link! Thanks bro
“They’re not making anymore land” Me: *Looks at China in the south China sea*
😂
Correction: Jack of all trades or master of one* not none.
If you’re a ‘Jack of all trades’ it means you have no specialisation. You are a master of nothing
Such an outstanding young man
Bank Interest is lower than inflation
in 2003 I earned and saved 1000 Euros, which, at that time, represented 10% of a 3 room apartment.
I put those money in the bank and now they represent an average monthly income.
Nobody gives us any incentive to save money, that’s why we are all broke.
You can get Legit cash and get your dents cleared with goldensurvey. Org They are LiT 🔥
My two side hustles make me more then my full time job at the moment. Combined it’s a good income but if I can train some people to do my side hustles and get a cut from that…. I won’t have to do my full time job anymore
What are your 2 side hustles?
@Francis Jackson I run a Dj Company and a Commercial Residential painting business
@Matthew Carney kudos to you. Wishing you much success in all your endeavors.
@Francis Jackson thank you so much
Thanks for your videos. You’re an awesome dude 💜
a famous web-web site is *HomePAY .m e* . it will permit you to earn 130 usd a day remotely and easy tasks.
gents, for sure Enthusiastic
Thank you
Watch the original Star Wars trilogy. Please.
Please speak a little slower. You are so fast it is uncomfortable to listen to
perhaps slow down the video ?
Multiple streams of income focuses on entrepreneurship, not business ownership and definitely not a job/career.
The problem with what “earned income” is ‘claimed’ to be isn’t really valid. Income from a job definitely isn’t reliable.
“Earned income” really involves all types of work done that results in sales and thus results in pay/profit.
CC companies are not banks. They charge interest on the amount charged.
Landscaping, and such, is business ownership – not self-employment.
I hope to get more than one income and make more money
wow im amazed