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hi I'm Nisha and in this video I'm going
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to walk you through the nine income
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streams I have right now this time two
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years ago seven of these income streams
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didn't even exist in my life back then
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my entire world revolved around my day
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job I was the person who believed that
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the recipe for financial success was
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written in stone work hard at your 95
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climb the corporate ladder and
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eventually you'll make it that's exactly
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what I did in banking and I was
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convinced it was the only way forward
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but here's what I've realized relying
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solely on active income is risky for two
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reasons first you're completely tied to
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trading your time for money which means
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there's always going to be a ceiling to
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how much you can make and secondly
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you're putting all your eggs in one
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basket hoping that that single source of
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income never disappears that's why I'm a
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big believer in building multiple income
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streams and what's interesting is that
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building most of these income streams
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that I'm about to tell you didn't
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require much upfront capital I created
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them whilst working my 95 using whatever
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pockets of free time I could find there
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are a few that did need some investment
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to get going and I'll tell you exactly
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which ones in fact one of them is
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actually losing money right now and I'm
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going to show you exactly what I'm doing
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to turn that around to right so let's
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break down each of these income streams
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number one YouTube adset let's start
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with YouTube AdSense this was one of the
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first additional income streams built
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whilst I was working in my 95 here's how
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it works once you hit 4,000 watch hours
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on your long form and 1,000 subscribers
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YouTube starts showing ads on your
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videos and you start earning money there
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are two really important elements to
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understand here CPM which is what
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advertisers pay per thousand views and
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RPM which is what we as creators
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actually receive after YouTube takes
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their 45% cut so let me show you some
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real numbers from my own channel let's
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take my how to become unrecognizable
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video advertisers are paying a CPM of
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around $13 but my RPM what I actually
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get is
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$686 per 1,000 views so with 86,000
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views that video has made me 5 $94 in
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total on the other hand my five side
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hustles that can make you 1,000 a week
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that video performs quite differently
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the advertisers are willing to pay a
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much higher CPM of $33 giving an RPM of
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$15.61 so to give you a like for like
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comparison with the same 86,000 views
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this video would generate more than
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$1,300 that's doubled the revenue of the
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become unrecognizable video if you want
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to see exactly how much YouTube pay me
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in my first month of being monetized
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including all the details about RPMs and
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how different types of content perform
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I've made a really detailed video about
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that you can find it over here and I'll
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also link it in the description number
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two dividends the second income stream
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is dividends and this is a really
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interesting one because it's genuinely
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passive once you set it up what it
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essentially is is that when you own
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shares in a company some companies will
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distribute a portion of their profits
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back to their shareholders that's what
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we call dividends think of it as getting
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a small slice of the company's profits
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regularly just for being a partial owner
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and then you can use those dividends to
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reinvest or to spent while you can buy
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individual company shares to get the
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dividends I prefer a more strategic
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approach here instead of paying all your
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eggs in one basket with individual
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companies you can invest in dividend
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funds like this one that holds multiple
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dividend paying companies or this one
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this way you automatically diversifying
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your risk and if one company Cuts their
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dividends you're still earning from all
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of the others the third income stream is
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my community platform and to be
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completely transparent here this is my
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newest Venture and it's actually loss
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making right now I soft launched it a
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few weeks ago and it's me a lot about
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building sustainable income streams what
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makes a community different whether you
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run it online like I'm doing or in
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person is that it's all about bringing
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together like-minded people who share
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similar goals and challenges and the
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reason why mine is loss making at the
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moment is because I've invested in a
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community manager who handles the
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onboarding and all the day-to-day
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operations including the weekly
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challenges the monthly updates a
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personal finance expert who answers all
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the questions that come in within 48
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hours I pay for the system and the
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platforms where all of this is hosted
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and I pay for the monthly coaching
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course with industry experts and the
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reason why I've got industry experts in
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is because I recently paid $200 or the
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equivalent for a one hour call with a
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Tax Advisor and that 1H hour call saved
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me 40,000 in taxes I was privileged to
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be able to spend that much for an hour
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and I know a lot of people wouldn't want
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to do that but it's the kind of value
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that I want to bring to the community
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but in a group setting that's more
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affordable for everyone so during the
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soft launch phase I'm covering all these
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costs whilst we test the model out for
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the first 100 members and then now the
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plan is to open it up to 500 founding
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members at a really special price point
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and then once we've covered the
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operational cost we'll increase the
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pricing to make it sustainable longterm
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what I like about Community income is
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it's completely dependent on you and not
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dependent on another platform like
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YouTube for instance where the AdSense
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can fluctuate massively month-to month
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so you feel a lot more in control over
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this Revenue stream number four
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sponsorships the fourth income stream
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comes from sponsorships I get a lot of
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sponsorship requests like N9 or 10 a
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week but I'm really really selective
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about who I work with because it takes
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years to build a reputation and that
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reputation can be destroyed in a matter
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of seconds so I point blank only partner
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with Brands I genuinely Trust and
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Believe in and speaking of sponsorships
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and trusted Partners this video is
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sponsored by build your store Ai and I'm
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genuinely excited to tell you about this
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because it solves one of the biggest
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problems I hear from you which is how to
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start an online business without massive
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upfront cost or technical knowledge
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build your store AI uses AI to create a
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complete ready sell Shopify store in
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less than 2 minutes but it's not just
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about speed it's about getting it right
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the AI selects winning products
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optimizes your store for conversions and
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then lets you customize everything to
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match your brand what I love about this
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platform is it's completely free to
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start and then you only need $1 to get
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your Shopify store running for the first
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month and there are no hidden costs the
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platform integrates with autods which
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automates your entire product sourcing
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and Order fulfillment process so just to
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break down how simple it is you firstly
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sign up on Builder store AI completely
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free you then choose your Niche then you
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let the AI help you create your
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optimized store and then finally once
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you're ready you set up Shopify you
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start selling with pre-selected proven
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products they're offering my viewers a
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special deal to get started just go to
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build your store. a or click the link in
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the description below and the AI will
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help you create a store that's unique to
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you without any technical knowledge so
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that you can have your business up and
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running today thank you build your store
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for sponsoring this video number five
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active income the next income stream
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comes from my accounting work and to be
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completely upfront about this one it's
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probably the most active income stream
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on the list since I'm a chared
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accountant I help businesses set up and
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manage their accounts I've kept this
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going partly because I want to maintain
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my accountancy membership but also
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because it helps me keep sharpen the
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field this income stream is different
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from the others we've talked about it's
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purely active income meaning I can only
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earn when I'm actually doing the work I
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can't scale it unless I hire other
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accountants and build a firm which isn't
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my goal right now so while I'm I a bit
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weird to keep such an active income
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stream alongside the other passive ones
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that I'm creating I think it's important
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to share this because it shows that not
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every income stream needs to be scalable
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or passive sometimes just maintaining
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your professional credentials and
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expertise in a field can open up doors
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to other opportunities number six next
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one is real estate income and this is
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actually one of my longest running
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income streams what's interesting about
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real estate is that there are so many
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ways to get started regardless of your
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budget you could either invest in
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physical properties or if you don't have
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the capital for that yet you can invest
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in something called Reit which is Real
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Estate Investment Trust which let you
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invest in real estate through the stock
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market with a much smaller amount of
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money recently when it comes to physical
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properties I've shifted my strategy from
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residential to commercial particularly
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in the UK commercial properties often
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provide more steady income streams and
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the way the UK tax and legal system is
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structured it actually makes more
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financial sense to me the tendency
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agreements tend to be longer and there's
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typically less Hands-On management
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required compared to Residential
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Properties number seven is public
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speaking and this is a interesting one
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because it's one of those income streams
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that can start small but grow
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exponentially with your reputation it's
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essentially organizations companies or
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events paying you to share your
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expertise through keynote speeches
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workshops panel discussions and the
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amazing thing about speaking engagements
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I found is that you're essentially
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getting paid for your knowledge and
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experience packed into an hour or two of
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your time you don't need to be a famous
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expert to get started I actually began
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doing this at smaller events for free
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just through Word of Mouth mostly
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focused on Personal Finance topics and
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then each event Built My crowdability
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and expanded my network eventually
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leading now to paid opportunities for
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example at Google or at a creative
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Summit number eight Affiliates I
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actually realized I'd been doing this
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one for years and you probably are too
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without even knowing it you know when
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you refer a friend to your American
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Express credit card and you get bonus
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points or when you recommend someone to
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a bank account or a business account and
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you get a referral award that's
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essentially affiliate Market Marketing
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in the content creator space companies
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give you a custom link and when someone
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uses that link to sign up or to make a
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purchase you earn commission it's the
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same concept as those credit card
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referrals it's just more structured so
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to give you a real example of me doing
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this when I promote certain investment
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platforms like this you might get a free
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share for signing up and I'll get either
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a free share or a commission for
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introducing you it's a win-win you get
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value from a product or service I
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genuinely use and recommend and I get
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compensated for making that connection
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number nine courses this is an
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interesting income stream because it
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lets you turn your expertise into
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something that can generate income long
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after you've done the work in my case it
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may sense to create courses about money
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and finance given my background but
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what's fascinating is you don't need a
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formal qualification to create one you
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just need to be really good at something
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and able to teach it effectively so
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whether that's graphic design cooking or
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even organizing your home if you can
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help people solve a problem or learn a
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valuable skill there's potential to turn
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it into a course there are two ways you
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could do this so you can either sell it
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through third party platforms like
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skillshare for instance where they
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handle all the technical staff and bring
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an existing audience for you or you can
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create your own platform and have
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complete control over the pricing and
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the marketing whether that's through
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earned audience building an audience or
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paid audience so putting out ads
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something to know before you spend
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months creating a course try and
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pre-sell it this way you can validate
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whether there's actual demand for what
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you're teaching there's nothing worse in
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my opinion than putting so much time and
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energy into creating something that
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nobody wants to buy but beauty of
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creating a course while they do require
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a lot of upfront effort to create is
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that they can continue generating income
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for years to come think of it as
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building a product once and then selling
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it multiple times so those are the nine
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income streams that I've built if you
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like these kind of videos let me know I
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can keep creating ones or give you
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quarterly or six-month updates on how
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they're going and which other ones I'm
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working on thank you so much for
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watching don't forget to subscribe if
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you haven't already otherwise I'll see
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you in my next video
