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How I Built 7 Streams of Income After Age 40 (What They NEVER Tell You)
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- Опубликовано: 15 авг 2024
- How I built 7 streams of income after the age 40 that anyone can start. And what they NEVER tell you about these income streams. Increasing your income is a big part of building your wealth. On this video, I want to share my 7 streams of income anyone can start. Some of these I started in my 50's and the others were after age 40. I’m also going to give you the real deal by sharing things that people NEVER tell you about them.
How do you make income on the side? What is your side business or side hustle? Are you looking for one? What are your income streams? Let me know In the comments below.
**Time stamps**
00:00 Intro
00:53 1st stream of income
03:23 2nd stream of income
04:53 3rd stream of income
06:58 4th stream of income
08:50 5th stream of income
10:25 Bonus stream of income
10:57 6th stream of income
13:24 7th stream of income
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🧩 DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only.
This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. You should always get professional financial advice from a financial advisor near you.
The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.
This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.
This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
🧩 Spoiler Alert: There are no "get rich" programs. Rather, the basic foundation for financial success.
⚠️ Smart Money Bro "Scammer" Warning ➡ PLEASE READ! ⚠️
Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.
❤I’m a grandmother of twin boys and started writing children’s books while I was working as an administrative assistant at a high school about 3 years before they were born. Today, I’m 59 with 4 self-published books (and lots more to come), including other genres like poetry & cookbooks; this is my main stream of income. I’m also a greeting card/stationery designer, digital creator and soon will add sewing creator to my income list. You’re right, age has nothing to do with it, only desire and persistence. ❤
Beautiful message 🙏🏽...Thanks for Sharing 👌🏾
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That is fantastic! Thanks for sharing.
You are an inspiration. Grandmother of 6🦸♀️💰💃.
Hello I am also a grandmother and I have been writing children’s stories for my 4 grandkids. If you don’t mind sharing how did you get published
7 Streams of Income
1. RUclips
2. Personal Mentoring and Coaching
3. Real Estate
4. 9-5 Job
5. Voice Overs
Bonus: Affiliate Marketing
6. eBay Reseller
7. Digital Products (eBooks and templates)
Same thing on every single youtube videos. Nothing original
@@YamamotoGenryuusaiWhat's your problem. He's encouraging others to take advantage of what's out there. If you don't like the message move on
with very smooth as chocolate voice, only Blacks excel in Voice Overs :)
Thank you
WTF
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
What area(s) do you invest in? I've tried stocks and the company I worked with wouldn't meet with me unless I had a certain amount of money invested and I finally had to stop the automatic deposits when i was part of a RIF. I wanted to get into real estate after working as an apartment caretaker, but can no longer drive so can't get to the properties to give tours.
Congratulations Lawrence. That must be a great feeling. I aspire to get there one day. I’m 29 years old and I made the decision to start using my money correctly to work for me that way in the future I can be financially stable and independent from needing to work for someone else. Right now I am making 30 K a year net income in my current job. But I am in the process of getting a skill to where I can make 70 K which I’m sure will be about 50 K net and then I want to start saving until I have a certain amount that way I can invest, and at the very least, I can be financially free from having to work for someone
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
That's a risky attitude, My friend. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.
I agree with You. A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations. They can help you stay on track and avoid making impulsive decisions that can harm your financial future.
I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and gave me peace of mind.
how did you find a good finance advisor? How do you know if they are trustworthy and competent?
You encourage me very much. I started over at 59 years young. And thats after a divorce, your content is so needed for people over 50 years young. Thanks a million
You got this!
@@quanwick4516 Thank you so much
• Work as long as you can.
• Live on a budget
• Invest in the stock market
• Invest in real estate
• Invest yourself
Wish you good luck in your journey
Same boat over here. I'm 52. I wish you nothing but success.
I'm 50 and I have one full time job . At $19 an hour in the los Angeles area. It's tuff ,so I'm trying to get a side hustle
This is the first time I’ve ever watched your video. I love that you kept adding “over the age of 40”. It’s needed and encouraging.
Yes. Needed and encouraged ❤
I love that as well. Age is many more times than not, just a number
My side hustle became my career years ago. To all the folks reading this, "if you love that side hustle PURSUE IT!!!!!" Dreams do come true.
What is it?
“The best person who’s going to take care of the old you is the young you.” Pure gold! How you relate to your future self is everything.
I am 64 I retired early so have
1. Social Security
2. Return cans and bottles for deposit
3. Sell items online
4. Work temporary jobs through staffing agency
5. Have an annual holiday tree decorating job
But, always looking for more. Thanks for sharing.
Fantastic!
@@hymntubemeyou don’t sound ‘retired’ if working several side hustles, you need real estate where a check comes every month doing nothing! Maybe invest some of that money into passive income….
@@2Greenlid Right now I do not have any money to invest. In time. In time.
Good for you! You’re doing great. Keep going. 🎉
@@2Greenlid that sounds good, but there is a problem with sitting back and waiting for a check rather than continuing working. The problem is it makes you old really fast. Maybe we don’t work as fast as we used to when we were younger, but we’re not ready to have a foot in the grave yet. Continuing working, keeps us young at heart. ❤️
I currently have 2 Etsy shops and just signed up for Amazon handmade and am in the process of starting a blog. If my calculations are right I should be making $70,000 next year and then doubling that the year after.
I just found your channel and it is great to see someone speaking to the 40 and over crowd on how it’s never to late to build additional stream of income. I’m looking to add 2-3.
I started growing plants, buying packets of seeds and growing them until they are big enough to sell. I have sold £3000 since July 2nd on eBay. EBay takes about 1/3, p&p is another 1/3, so I have cleared about a grand in 7 weeks. Next year I will start earlier in the year, concentrate on what was successful this year and extend the season as long as possible. Hope to make a 10k a year side hustle.
I just started gardening and its now become a passion. I would love to know more about how you are doing this!
Good job👍🏽, u can let the perennials self seed . Then grow them on + sell ..or just collect flower heads for seed
@@MT-yx5cu hi, not much to say except buy some seeds and grow them in pots or trays until they are big enough to sell. Package them well and sell them however you can. Car boot sales, garage sales, markets etc will reduce shipping costs, but they are time consuming for me, so I sell them on eBay and just take the hit on revenue. I have had to experiment a lot on seeds that I can grow easily, that slugs don’t eat, and that people want to buy. Foxgloves, mullein, lavender (slow to grow, but popular and I’ll keep some back to use for cuttings in future) etc. next year I will try doing organic vegetable plugs, like tomatoes, peppers, unusual varieties of things and then the following year pick the most successful things of the past 2 years and concentrate on them. This is my retirement fund, it’s something I hope I’ll be able to do well into old age.
Are you shipping the plants?
@@Jo-xg6rk do you think it's best to sell the flowers whole or just the seeds?
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Betty Sue Blanchard I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
Fantastic! Can you share more details?
Can't reveal much info, she is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
Thank you for this video! I'm 62. A grandmother. I work 9-5 and just started doing doordash as a side hustle. I have worked part time in retail (and did telemarketing in the 80's when I was young). You gave me some good ideas with this video and I'll be checking out your other videos to gather more information. I hope you have a great day!
I'm just turned 59 and have been doing DD for three years. I've seen it slow down, quite a bit to the point that I need to do something else. These are some great ways to get started on a second and third stream of income. Wish you the best.
Hello there, I took am in your age group but I'm 64. I lost my income when I became a caregiver for my mother with dementia. I became an affiliate marketer with a program that doesn't require you to email people, call people, write an ebook, do videos, etc. It's really very simple for us seniors. It's very profitable in the high-ticket niche. I just have to send people to a zoom meeting and that's where it begins.
I love your content brother truly
@@OldOkieOnlineWhat's the program?
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.
What a thought-provoking message! You're right, the contrast between traditional wealth accumulation and modern investing is striking. While hard work and dedication are essential, the rise of alternative investments and cryptocurrencies has created new opportunities for wealth generation.
Your prayer is heartfelt and inclusive, and I join you in wishing success and prosperity to all who read this! May everyone find their own path to financial freedom, happiness, and fulfillment. Remember, success is not solely defined by wealth, but also by the positive impact we have on others and the world around us.
I lost my job in March and trying to figure out how to earn income without having to retum to corporate America. You are blessed. Praying I can get there.i'm Blessed Financially by Anna Lamb
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helps us a lot to pay up our bills.
Please tell me how, I'm so lost and sick of the struggle. I'm homeless and have no idea how to create wealth
Nothing beats the involvement of an expert in any business, trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.
I agree because most people I know complain about losses due to poor market analysis and recent bear market situations
Which professional would you recommend? I'm new to the world of cryptocurrency and I really need an expert to guide me.
I work with Christopher Scott after meeting him in an interview on CNBC.
I.N.S.T.A.G.R.A.M
CHRISTOPHER SCOTT TRAD1__NG***
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RUclips.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere RUclips videos.
I will always recommend Expert Emily Jason to anyone who wishes to invest in forex/crypto trading, her strategy is working for me. I'm making good profits from bitcoin trading
I'm pushing 40, and feeling what a lot of men my age feel. Money is a huge part of it. I appreciate your video and the advice given in it.
I'm 57 and just started a health and beauty business.
Good luck with it! Leave no stone unturned!
@@TheRudyShow5 thank you!
Excellent. You can do it...
@@SmartMoneyBro thank you so much! I really appreciate the encouragement!
Hy P
I’m 55 yo and I myself am-starting all over. God is always in control. STAY STRONG AND KEEP THE FAITH IN YOURSELVES AND HIM!
Bless you all.
I want to say thank you. God always sends people at the right time. I have never seen your channel before and it showed up on my feed. My husband and I are looking to start multiple streams of income and you have given me the motivation to do it. You have a new subscriber. Thank you again.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
That's great congratulation 🎊
Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing facing same here
I understand how you feel,well is not luck is all about having good investment plans, watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Inspiring Congratulations on your journey please how profitable is it
I’m encouraged keep it up
Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $1.7M. We have never sold so much as one share of stock.
Most people don't understand the power of compound interest or are just impatient. However, I think it's better for the average person to invest in the S&P 500 and wait, which is reliable, albeit extremely long: many years, or just hire an investment advisor and accelerate wealth accumulation. Most people underestimate the power of the latter.
That's right, I've been backed by a financial advisor for almost three years now, I started with over a hundred thousand and I'm just $19,000 away from making half a million profits from compounding and dividends.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
There are a lot of independent advisors you might look into. But i work with "LISA ELLEN SHAW" and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
I just checked her out and I have sent her an email. I hope she gets back to me soon
Well done for getting your daughter through Uni without debt, that is life changing for her!
Thanks so much
@@SmartMoneyBroBeautiful 💗 I Love This! I Didn’t Even Realize I Was Even A Subscriber Until I Came Across Your RUclips Channel Today! I Believe God Work In Mysterious Ways! I Was Looking At Some Highlights On The Colorado Vs CSU Game And Lo And Behold! I Was Directed Here!!! There A Reason For Everything!!! Thank You So Much For Sharing!!!
This is great man. I'm so happy to see someone close to my age making something happen. Tired of taking advice from 25 year olds.
😂😂
Everyone chasing money and losing things of value lol. I own real estate, a restaurant, stocks blah blah.. Doesn’t make people happy or rich. Rich is family and happiness is inflicted by doing something good for your soul
I thought the same thing too... his age made it very relatable for me too.
Right on. Them kids are in a different world then us and where we come from. Lol
@@ItalianoAnt516u cant be happy without money no matter what
Thank you for posting this you have given me hope and more fuel/fire to strive to start building multiple streams of income. Im 40 and think that online there is so much content focused on the young ( 20, 30yrs old ) building multiple streams of income and wealth that it almost makes you feel that its too late if you are 40+
I feel like I just watched a video about my life! 😂
I’m almost 41 and literally have been dabbling in almost EVERYTHING you mentioned! This was an encouragement to me in giving myself permission to pursue these multiple streams of income.
Thank you for sharing!
ME too, Joe. Dabbled and squandered is more like it. I've spent a few thousand and it always gets to a point where there's a total disconnect. I fixed THAT problem Good luck to you Joe.
This is the most honest advice I have seen in a while. Especially the fact that it encourages people over 40. We have been remembered🙏 I am looking for my first side hustle @44
Thanks. You can do it!!
I’m 49 and thought that it was too late to start anything. Thank you my friend
It’s never too late!
Amen!
49 is Super Young. God Bless!!!
I’m 59 and started a small business… when I retire at 62- I’m hoping it will be my next full time gig.
You’re NEVER to old as long as you have your health.
@@BreezyByTheSea63 thank you . This is encouraging!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
I am a Sr. Program Manager Lead in the pharmaceutical industry. However, I do consulting work and manage an eBay business as well. Those are my main gigs.
I'm 45. I've been fired from every job I had since 1996. I decided to work for myself. FYI: I'm a diagnosed ADHD person with a learning disability. I can't work for a boss. I donated plasma for 6 years, I teach music, I'm a musician, I doordash and I've managed to be a caregiver(the only job I've managed to keep and loving it) I'm now learning to be a youtuber. Thanks for your advice
@@theaccentedguy1505 I learned that I had ADHD 2 years ago after being fired from over 30 jobs. Now I do Real Estate and I am looking for more streams. Thanks for sharing.
@@AQueenNamedMe ❤️
My side hustle is being a notary, but I've always wanted to be a voiceover actor. Will be looking for that video. Just found you today.
My mother taught me to hate the word “work”, it took me about a decade to change that four letter word into a positive. This man has embraced that word and it’s meaning. I too had a fool time job while having many side hustles. Recently I learned to make great tamales from my neighbors and last year I made and sold over 1,600. Im retired now and I feel 18 and graduating from high school again. I’m asking myself what I want to be when I grow up? I can build, roof, lay flooring and of course make tamales. I’m an old lady now (55), recently moved to another State and am ready to conquer the world again.
55 is not old, I have you by 2 years. lol Go and conquer 🙂
@@KimHelm👩🏻💭"I really had to vote your comment up and I'm so glad you had what it takes to speak out. No one in my family looks old. No one lived that night life drinks or smokes. I do not really know why the people in my bloodline look so young. Drugs drinking and smoking will destroy you. Oh,and processed foods. Many people need to understand that if they participate in these things there's a price to pay. I hope she will soon understand that.
New subscriber. A few years ago,I retired early from a Fortune 500 company. Thinking of adding a side hustle so that I can add more $ to my 2 young grandsons savings accounts.
I teach fitness class at the gym in the evening. On the weekends i Doordash. My friends and family think i have absolutely lost my mind delivering food. I do not care though. I put all my money from both side hustles into my investment account which creates passive income.
Awesome. Congratulations!
I love this video, thank you!
I am a 55 year old disabled military veteran, but due to my financial situation I still need to work. I would love to create digital products to sell but don’t know where to start. There are TONS of programs promising to teach you, and tons of competition. I am at a loss and could use some recommendations from anyone.
Thank for sharing this video. I needed this information. I’m 65 and looking for a side hustle that can be turned into continuous passive income to supplement SS when I reach the 67 (my max age to collect SS).
Hello ! 31 yrs old English & Spanish speaking bilingual with a Bachelor’s in Sociology and Spanish and currently looking for side hustles 😊love your videos 🎉.
Si no encuentra la forma de multiplicar el dinero, un día se despertará y se dará cuenta de que el dinero que pensaba que tenía se ha terminado. La inversión es clave.
Estoy de acuerdo contigo compañero. La inversión es la clave para mantener su longevidad financiera. Y no una inversión cualquiera sino una inversión con rentabilidad garantizada.
"Para ganar más se requiere tener múltiples medios de ingresos diversificados", por lo que la inversión es una vía para ganar más dinero una vez que es rentable.
La mayoría de las fallas y pérdidas en la inversión generalmente ocurren cuando invierte sin la guía adecuada y el análisis del porcentaje de beneficio y riesgo de la inversión.
Entonces, ¿cómo obtienes la guía adecuada y el análisis que mencionaste? Porque he incurrido en grandes pérdidas al invertir por mi cuenta
Es seguro tener un administrador de inversiones que tenga un amplio conocimiento sobre Inversiones, para que obtenga ganancias de su Inversión en su nombre mientras monitorea el crecimiento de la Inversión.
More people need to be seeing your message. I appreciate you man.
Me too! I have 2 jobs, 2 side hustles and mystery shop. I’ve wrote for Fiverr. I’m over 50 and feel like my options are getting limited so I was very encouraged by your video. I’ve been looking into voiceovers with backstage.
Dear Uncle, mad respect for you ❤ i have 4 children, working a fulltime job, studying for a promotion and am setting up a business in artisan candy. I do it all for the above mentioned persons. But i have to admit Uncle, i am really exhausted at times.. i know i have to eat and sleep better and smoke less.. i right down all my goals and keep a bullet journal. I thank God everyday for the things i have.. but still.. how do you manage Uncle? Sincerely
My main source of income used to be firefighting, then I went to flight school & became a commercial helicopter 🚁 pilot. Somewhere along the way I became a content creator. My channel finally hit 1K & now I have work to do in the watch hours. Thanks for making such an inspiring video 😃
You can do it. Consistent uploads. Don't quit. Keep learning. Double down on what works and listen to the advice from the experts....good luck to you...
@@SmartMoneyBro appreciate the kind words. Try to learn something new everyday 🙂
0:52: 💰 The speaker shares his seven streams of income, including his RUclips channel.
2:44: 💼 X discusses three streams of income: RUclips, one-on-one coaching, and real estate.
5:26: 💼 The speaker discusses their experience with real estate as a side business and their current job with the federal government.
7:56: 💼 The speaker discusses their experience with multiple streams of income, including working in telemarketing, having a side hustle, and doing voice overs.
10:31: 💰 The speaker discusses their experience with generating income through affiliate marketing and selling on eBay.
13:24: 💰 Creating and selling digital products is a passive way to earn money.
15:43: ✨ The speaker shares their experience of building multiple streams of income after the age of 40 and encourages others to do the same.
Recap by Tammy AI
I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my 35k portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
I stopped listening and taking financial advise from these RUclipsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice.
I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary " Helene Claire Johnson " actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
Not yet 50 but this is awesome information for anyone interested in starting a biz😊
With real estate it's LOCATION, LOCATION, LOCATION. I owned 5 properties in the 90's and ended up selling them & filing chapter 7. If I could do it again, I would have purchased multi units, especially living here in Flint, MI
Let’s it’s location location location. But that just means you don’t want to be bad in a super bad spot. Class A, B and C real~estate. Go with B… when the economy is on fire class C renters move to your class B… when the economy is terrible class A renters move to class B. So when they say location location location …
Just don’t buy class C or A….
And class A has the best location typically sooo ..
@mycaddigo In the 90's I owned 5 single family homes here in Flint Michigan. Sold them because folks weren't paying rent. If I could do it again, I most definitely would ONLY purchase multi units!
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year
Mind if I ask you to recommend this particular coach you using their service?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Love this video, I don't often see anyone on RUclips that praise a regular job on top of side hustles, I'm in that boat and it's good to see someone else who thinks it's a good way to go!
Same! That being said I wish I would look as good as you do over 50! Subscribed, thanks for keeping it real. PS: voice-overs, great idea!!
Thank you for sharing! I will look into digital products
You are so welcome!
Hi thanks for the info. I also have a couple of side hustles. I clean Airbnb and notary public along with my 9-5 regular job.
Good stuff
I just discovered your channel and it is uncanny how much we have in common,(I am a soon to be 62 yr old) with a very diverse work background too... I found your message extremely inspirational as I find myself in a very similar situation to yours and with similar interests (Voiceover) . I am just now taking action to pursue opps for additional income & will be following your content
When you invest, you're buying a day you don't have to work. Now with the recent economy, to be financial FREEDOM you have to be making money while you are asleep
the best investment one can do right now is investing on the stocks trading though forex are good but ever since I swapped to stocks I've seen so much difference in my finance
Wht ar opportunities there in the market and how do I profit from it?
One point to clarify this, the wealthy do save up enough to buy their next assets. They do not save as a means of building wealth or as a retirement strategy
really like to know how this actually works
VENTURING, into the trading world without the help of a PROFESSIONAL, trader and expecting profit is like turning water into wine you would need a miracle, that's why i trade with Cora James her skills set exceptional
God bless bro, thank you for sharing. I self-published my first book on Amazon this summer. I did ebook first. Then I did the paperback after because people kept asking for it.
Drop the title of the book so I can support! 🎉
I think RUclips deleted my direct link. The book is called Doing My Best on Amazon by Jessica Maldonado.
Thank you for putting this video together!!! I'm 40 as of this year and only considered 4 of streams described. So much to learn and do: thank you for being a guide!
You can do it!
Was recently laid off by Dell Tech. So I’m looking for a full-time, trying to start something on the side, managing 1 property, and balancing a family
Oh I’m 45…I also have a hand drawn notebooks on Amazon.
I agree. There are so many things to do out there. I’m an OT and became a Massage Therapist. I’m now making self care products and aromatherapy products to sell to my clients. I’m about to start classes on being a Meditation and Stess Management Practitioner to assist my clients because there is a big need because of the stress level in our country. Both my extended businesses are funded by my massage therapy business. It’s hard work but next year, I will be in control of my schedule. Read…read…read and set goals. Have a good support system around you.
Excellent. Wishing you continued success!
@@SmartMoneyBro 🫶🏽Thank you. Blessings to you as well.
Really appreciate this no hype video. Great job just honest.
Thanks so much
I definitely feel you on the 9 to 5 and side hustle. Most days I only get 4 hrs of sleep. I do Security and music production and sound design when I'm off.
Full-time job as a business advisor, voice over gigs, BINGO host, occasional modeling gigs, stocks, freelance writing. Six income streams but not all of them are consistent. I want to add airbnb hosting. I'm tired, but I have specific financial goals, so it's worth the time spent for now.
I’m an artist. I’d like to create digital kits for paper crafters to buy online. Art isn’t my main job tho I have sold some paintings and other commission work. I also clean a church part time. I definitely need to get a passive income up and running. I’m over 50
love this dude. this is a guy you need in your friend circle.
I do telecommunications work on the side but it is drying up. Might be a good idea to get a few more streams.
I teach piano private lessons. I drive to their homes. I never want to stop what im doing but i know i need multiple streams of income. Great info here to keep me educated and informed!
Awesome!
I work for the government as my 9-5 as well. I use Daytrading and Travel Agent as my side hustle. This was a very encouraging video
Thanks so much
Great channel with great information.. so happy to see your growth.
Thanks so much! I appreciate your support from the beginning. You knew this was great info before the world saw it. I'm grateful for that. Blessings to you!
I have recently retired from working with disabled children. I am also a singer/songwriter. Since my retirement I and my backup singer, who is also retired, have been doing gigs. We love what we do and are making extra money doing it! We sell merchandise and tickets for free merchandise when we sing for free. 😊
My side hustle is custom tshirt printing. It’s been a long journey with it and I try to stay motivated. There are so many things that we may not be doing right to get the business rolling.
It’s inspirational to see someone willing to take responsibility and control of your life instead of being a sheep expecting the government to take care of you.
Yeap. This guy is 4 real !
I launched my RUclips channel this year and like you, I had to learn everything and do everything. It's been a great resource for me when working with my buyers and sellers. I was a Commercial Banker for 19 years and I'm still a Certified Treasury Professional so I offer bookkeeping and CFO Advisory services to businesses.
That is awesome! Wishing you success!!
Thanks for the side hustle advice. Im 60 and just recently laid off. I make jewelry and I am going to use this as my side hustle. Im going to still work but have the jewelry as income also. I want to take back the power and not depend on unemployment or even social security.
FACTS!!!!! I tried a few of the streams before seeing this video...and this brotha is on point. He's being 100% honest, truthful, and accurate.
I want to personally thank him for putting this good information out here. I would recommend that people LISTEN to him. He's not selling a dream
about "it's easy and you can do it by only committing 3 hours a week". lol lol
💯
Just came across your YT Channel. Very solid, straight-forward and honest. I'm over 50, permanently disabled and looking for side hustles. I'm definitely a new subscriber and look forward to getting started in some of these income streams... especially digital projects! Thank you Sir for this very informative video!
SUCH a motivating video! I'm about to turn 41 and it's encouraging to know that you added these income streams after age 40! (PS - How amazing that your daughter was able to graduate debt free! Well done to you both. 🙂I'm new to the channel - introduced to you by Darrell Braton - and I'm enjoying watching your "back catalogue" now. RUclips is a (very small) stream of income for me, too. I'd love to follow in your successful footsteps! xChristianna)
Thanks so much. You got this! You can do it!!!
Imagine if you just did one thing. That you did it so well that you were able to make more per unit of time you invest, and then you build a team around that one thing. Then you scaled it. You’d probably make a lot more money. Multiple streams of revenue sounds nice, but it just spreads your efforts all over so you don’t make as significant progress as you would if you were 100% committed to one thing. I’ve been on both sides. The former has you over stressed and underpaid, while the latter takes more time, but you make way more and feel way better.
Hi.
I just discovered you right before bed. We have allot in common and I've done many of the jobs and hustles you have. I worked for the Federal government, own rental property, done voice overs, etc Currently, I'm homesteading so I'm adding previous and new hustles to bring in income to the homestead.
Proud of you. I've subscribed.
I'll be checking in on you from time to time because as you stated, my days are long and I have little to no leisure time.
Keep up the great work. ❤
Black single on Homestead on the Bayou. I'm on both RUclips and Facebook.
Thanks.
My side hustle is network marketing
42 years old. Full-time sales management position, with a couple of side hustles. I'm looking to get into real estate soon. Glad to see videos like yours.
Very enthusiastic and genuine delivery. After retirement, I drove ride-share ... until covid happened. Then I enjoyed doing handyman work ... until my 2nd back surgery. Now I'm looking to do something on-line, from home, and you have soime great suggestions. I'll watch more of your videos, so thank you and keep them coming.
🎯 Key Takeaways for quick navigation:
00:14 🌟 Seven streams of income after age 40.
00:42 💪 Age doesn't limit income potential.
01:37 🎥 RUclips as a stream of income: difficult, time-consuming, but rewarding.
03:12 🤝 One-on-one financial coaching: rewarding, but time-intensive.
05:17 🏠 Real estate as a side business: doable but requires work and cash reserve.
07:09 👔 Nine-to-five job for steady income, but can be time-consuming.
08:57 🎙️ Voice overs: a unique income source, requires practice and marketing.
11:05 🛍️ Selling on eBay: profitable with effort, find a niche.
13:22 💻 Creating digital products: upfront work, passive income potential.
Made with HARPA AI
I love this guy. Candid, selfless and simply nice. Bless you agemate!
Thank you kindly
Being a landlord is work. I'm 42 with 2 and seriously thinking of selling them. We had our first ever tenant go wrong (abuse, divorce, and property damage as part of the separation).
It is absolutely 💯 work!!!
Consider property management! Best decision for my husband and I!
I've been picking up extra shifts at my main job for additional income the last 4/5 years however thats drying up so thinking of selling on line. As always, impressed with your content. I found you less than 2 weeks ago and your subscribers just keep increasing. Wouldn't be surprised if you make it to 100K before long.
Jack of all trades. Very impressive. I am a federal government employee as well. Glad to see your channel blowing up. Thanks for sharing.
Another good video
I work a full 40 hour plus job sometimes it’s 50 to 60 with winter
I also have part time job as a plumber in college which is 20 hours weekly
Another side hustle is scrap metal , side carpentry jobs , cleaning houses and picking things off side of road to resell
You give great advice I still find it tough as single father .
Thanks for sharing
I work for fed gov as well. 40hrs a week. Been studying tax law for a year going after a license to do taxes on the side in 2024. I have 1 property currently, I spend alot of time trading and investing with technical analysis. Can't wait to get out of my 9-5. I want to trade and do taxes full time working for myself. I hate bosses.
This is very helpful. I work a full time job and have started a side business in Real estate. I will look at your videos for rental properties. My dad did that for a long time. I will have to see how to get my first one
You can do it!!
I’m not in my 40’s yet but I totally agree it’s never late to learn, grow and earn! Great video!
Thank you so much! I’m 50 and starting over. I appreciate the encouragement!
You are so welcome!
I do DoorDash delivery as a side hustle.
finally someone with a down-to-earth honest perspective and advice…. thank u…
Thank you! This is a wealth of knowledge.
I’m an ordinary 36 yrs old man. My wife and I have 3 young Boys. I’m glad to have come by your RUclips channel!! Just subscribed and looking forward to watch more of your content.
Fantastic!
Im 52 and looking to buy my first duplex next year putting 20% down. Hoping to have 3 duplexes paid off by the time i retire. Thanks for your words
I love the encouraging video; thank you! My streams of income include my fulltime job (marketing manager for an engineering firm), Fiverr (creating business cards, event programs, resumes, etc.), selling digital products on Creative Fabrica, and slow building an Etsy shop. I want to create a RUclips channel but I feel like I'm spreading myself too thin as it is.
Thanks for sharing!! Spreading yourself too thin is always the balancing act we all have to play. Thanks for this comment.
You could always make videos on how you do the other stuff you do! That way your getting paid 2 ways for one job!
We are certainly looking for a good side huddle since we are getting older. We want to retire but still want a steady flow of income to compensate for our daily and monthly lives.
Very motivational. I have a main job in Project Management and I'm also a part time music director at a church. With both jobs I make over 6 figures. I would def like to have my own business, publishing company, and real estate rental properties.
This is great! Thank you! Sharing this video with several people.
Thanks for sharing!!
I'll be 40 next year, and we have many of the same income streams like RUclips, coaching, rentals, etc. And that's on top of being a mother, wife, and PTA parent..😅. Like you, we're trying to build wealth and leave something for the next generation! Great video 😊
Awesome video kind sir, very informative and inspiring.