A financial coach explains how to build seven passive income streams to protect against major life disruptions like death, divorce, and illness. Nurses are used as an example of active earners who can convert their income into multiple passive sources, creating financial resilience and the ability to do good through philanthropy.
Chapters
Are you in the deal room? Well, inside of and help them get to the seven streams of passive income. And it was in that time that I figured out a whole lot of things. And the more people I talked to, I realized one, they don't know what passive income is. They don't have any idea how to create multiple streams. And that we need a minimum of seven. Because when I speak from stage and I talk about this, I ask people like hold Jeff hand and how many of the five Ds that they dealt with in their lifetime already. So it's death, divorce, diagnosis, downsizing. Most people hold up three fingers and any of those will wipe you out financially. So it's about teaching. You have your active income, which for nurses, that's active, right. But then taking that and turning it into passive income so that you have those multiple things, so any of those hit, you're going to be okay. And we, if we teach that, then we're truly like protecting the American dream, you know? And the thing that I teach is like, that I believe you can do good and do well at the same time. And if you can, you must. And so what we do is coach people inside of and help them get to the seven streams of passive income. And then what's super cool is when they call us, they're like, hey, we got the seven. Now my eighth one is gonna go and go to missionaries overseas building schools and orphans. Or it's gonna go, you know, ninth, my nonprofit, like, just about. Yes, we create this, you know, our lifestyle. But now it's like, what's the impact that we're here to make?
