The key to financial freedom is multiple streams of income. In this episode, Cayla takes the time to list all of her streams of income and because she has things set up in the way that she does, she is financially free. This is something that is possible for you, too. Listen today to find out how Cayla has spent time educating herself on investments, network marketing, and how she spends her time on active income while passive income works for her.
Remember that being financially free means that you have assets that will pay for your expenses. Millionaires don’t just have one stream of income. In fact, the average millionaire has seven streams of income and you, too, could have several. Where can you grow your asset column so you have more energy to focus on your gifts?
You will learn:
[1:40] - The average millionaire has seven streams of income.
[2:37] - Cayla has 14 streams of income that she has worked on developing for 11 years.
[4:00] - The active income that Cayla has is the different types of coaching she does.
[5:02] - Her courses are examples of passive income.
[7:16] - Another stream of income is the high ticket transformational life coaching that is both active and passive.
[8:01] - Cayla shares where she has investments in stocks, real estate, and startups.
[9:27] - Network marketing is another space that Cayla is a part of.
[11:29] - Cayla describes how she decided when and where to invest.
[13:27] - It is never too late to invest in something but you need to be educated.
[14:49] - One off fees and workshops are great, but Cayla has stopped doing them as they are not residual.
[15:40] - Set things up to work for you.
[16:41] - When you don’t have to focus on how you’re getting paid, you can spend time giving your gifts to the world.