Short excerpt of a YouTube video by Catherine Bell about using earned income to buy assets that generate passive income. The speaker emphasizes having multiple income streams for financial stability (citing that the average millionaire has seven streams) and notes her own experience with 13 income streams.
So I learned early on that earned income is meant to buy assets that provide passive streams of income that pay for your lifestyle. So most people go through life paycheck to paycheck to pay for their lifestyle, right? Had I have done that when he died, my life would have been obliterated. But because I understood you take earned income, you buy assets, you have these streams of income, you know, that gives you some breathing room, right? So I always ask like how many streams of income does the average millionaire have? Do you know? Seven. It is seven. And so I always ask like how many do you have and how many do you want? Well, at the time I had 13, right? Because money is like oxygen. The more you have, the easier it is to breathe, right? And the more you have, the easier breathe, the bigger the difference you can make in the world. Sam.
