I built 8 income streams in 6 months. Here's what I learned.
ฝัง
- เผยแพร่เมื่อ 30 พ.ค. 2024
- What I learned building 8 income streams in 6 months (2021). Hope this video is helpful to you!
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Welcome! I create videos on product design (UI/UX), productivity and solopreneurship.
My gear, tools, resources: rachelhow.com/resources
Try Webflow for free: webflow.grsm.io/rachel
My daily life: / rachelhxw
Newsletter: www.rachelhow.com/newsletter
Suggest new videos to me: airtable.com/shrAWb7oXtqb8s302
Chapters:
00:00 Intro
00:34 Income stream 1 - 3
02:25 Income stream 4 - 6
04:30 Income stream 7 - 8
05:42 6 things I've learned
Some are affiliate links, meaning I make a small commission when you purchase through my link, at no extra cost to you. :)
Incredibly inspirational and valuable! Thank you for sharing your experience! I have a full time job, and I'm planning to start freelancing and building multiple income streams in the upcoming year. Do you think it's better to freelance and look for clients globally or start out in a local market?
Thanks for the kind words, Marina! I think it depends on what problem space you'd like to solve/work on. Decide on the problem space first, then see which market (local/global) is a better fit for you. For example, maybe you'd find that you prefer SaaS and dislike e-commerce projects, vice versa.
If you have no idea where to start, just grab on to any client you can find first, after that you should have enough experience to know which one is a better fit for you. Every client is different, every project might progress differently too 🙏🏻
One thing to consider would also be payments - global clients may pay in a different currency (eg. USD). So you'd need to set up a PayPal or something similar (totally optional).
Hope this helps!
@@rachelhow could you create an Ebook on how you got started with tips and hacks with visual illustrations?
@@peace.n.blessings5579 bro, she literally made a video about this
@@mikebelmont5919 , found the video, thanks
@@rachelhow Hi Rachel, thanks for sharing this. Honestly this advice is very helpful for me. I just planning move to Australia from a stable job in Singapore, so I got a little bit worried about my future career. By the way, do you need open the company to received the payment from globally? Usually they need issue invoice. Thanks for you help.
the 8 streams of income
1. Her full time job (she spends most of her time on that)
2.Freelance UI/UX design
3 web flow development services
4 youtube Adsense
5 Digital products
6 Affiliate income
7 Investments
8 Selling pre-lived items
The 6 things she learned
1. Building systems around workflow is really effective
2. Don't put all your eggs in one basket
3. Everything is figureoutable
4. Don't get caught with busy work (when you feel like you are productive but you are not)
5. Follow your curiosity
6. Your voice could make a difference
All heroes Don't wear capes. 👏
THANK YOU 💝
@@brainstromer963 literally what I was going to write
Thanks. Saved me time from watching the video!
WOW| You are awesome, thank you for the acareful and detailed summary :)
Great video Rachel, one that folks really need to watch. I’m 53, retired a while at 45 and through the years I have learnt the importance of having multiple income streams. I have 25% of my capital invstments in an IRA, 35% in index funds, and the balance spread across other investment accts which produce a cumulative of over $ 2.6M yearly. Zero debt and all is going well, my financial consultant has been my number one help in achieving all this throughout the years.
In my opinion, one should live below their means & invest. I know it’s difficult but it's also necessary. I've made lots of money mistakes in the past but I don’t regret it as I've learnt from them. Now I’m just focusing on the s&p 500 and waiting for a few years.
@@callumfrank Yeah that's a good path. You should focus on a good ETF of the s&p 500, relax back and watch it compound within the years. You could become a millionaire in good time.
In my case 'Ferrochrome Financiaal Securities' has helped me to do that proficiently. I'm not a professional so I don't really have experience in investment strategies. I get capital and leave my consultancy firm to handle the rest.
@@weicaihon are u really selfmade?!
@@callumfrank Self made in the sense that I didn't inherit what I have now then yes. I worked like normal people do but I just had an edge because I ventured into the right in vestments early.
Thnx Rachel, leaving a note.
Lessons:
1. Build systems around your workflow
2. Don't put all your eggs in one basket
3. Everything is figureoutable
4. Don't get caught up in your busywork
5. Follow your curiosity
6. Never underestimate the power of your voice
Her 8 streams of income
1. Her full-time job
2. Freelance UI/UX design
3. Web-flow development services
4. youtube Adsense
5. Digital products
6. Affiliate income
7. Investments
8. Selling pre-lived items/ flipping
Thank you!!
“Follow your curiosity, not your passion”
I love that
Almost cried when you said "Everything is figureoutable" cause I'm living this moment right now, trying to learn more about money and investments to start saving for my future and buy a house. I also agree and need that boost of "follow your curiosity" cause I have many interests, if I learn this topics for sure I'll be a more valueble professional and can raise my salary, my prices, etc
Get a man women don’t know how to make money
Everything is figuroutable is a book by Marie Forlio
Informative! Additionally, in your investment quest or search for passive income, always remember to diversify. Do not put all your eggs in one basket. As one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though). I also experiment with a couple of other things. Hard to imagine that I had initially refused to try out new possibilities especially given the current economy. Good luck!
Very sound and pragmatic. I have been into all of for long and though I won't say I have lost a fortune, but I have squandered quite a lot. If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...
fr
@@thesportsguruu Funny enough, I can honestly relate. I don't know if I am permitted to drop it here, but her name is "Leah Sandock Marie". Was in the news a lot in 2018. You can check her out online for more.
@@archiemcdougald5466 wow I know this little lady. Once attended a seminar she was also in attendance in Vienna,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@@archiemcdougald5466 Thank you...
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
@Jamie Janny Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra
Mrs Benson Sandra has changed my financial
status for the best ,all thanks to my aunt
"Think about the processes and how you can turn them into systems"
Wow! 😎👌🏽
Thank you Felipe!
Rachel, this was really encouraging. I've been stuck the last 3.5 years. To hear you taking small steps and achieving things in 2 years motivates me. The quality of your tips also stand out - very relatable and down to earth!
th-cam.com/video/AkbxMvq_btA/w-d-xo.html
you made my day better!
Just like you I am also working as a product designer full time, and running a freelance business on the side. I am currently looking into building an additional income stream so this video was really helpful!
You have such a soothing and wonderfully personable presence. Thank you for being so thorough with breaking down everything you've learned. Appreciate your time and tips! Happy New Year!
I like how you say "pre-loved" items. You're not ignoring how you used to value those items even if you're letting them go now.
This is amazing content Rachel, thanks for sharing the step by step and demystifying the steps. You are so right the videos are on TH-cam making them literally like a legacy that outlives us❤️
I absolutely loved this video! I am a full-time college student right now, and my goal this year is to focus on gaining 3 income streams that I can have all throughout the year! The way you went through and showed the proportion of how much the income stream was in relation to your total income was a very helpful visual that really put into perspective for me how important each one can be when combined with others!
I loved how straight forward your videos are and you do look really professional. Keep on putting such high quality content out there. 🤗
This is such a refreshing take! So much of the income stream videos are hustle culture. I love your honesty and can see why your channel took off! You are an inspiration in being grounded and working smart! 🙏🏻
Just found your channel Rachel! Fantastic and inspiring video! I am a new homeowner and am always panicked about relying on only one income. I love your tips around not putting all your eggs in one basket and having multiple income streams so that you always have backup in the event that one of the income streams does not work out. Thank you for this!
Thanks for sharing! I totally agree with everything being "figureoutable". I got into a top UX position after going self-taught because I was tired of my underpaid overworked retail job. I decided to sell most of my stuff and move into an RV to travel because I loved traveling and wasn't happy with the amount of time I could get off. I found ways to save money living in an RV and became totally debt free while saving 80% of my income, and I'm currently taking a mini-retirement for the first time at only 27. If you told me all of that 5 years ago while I was going more and more into debt and being overworked, I never would have believed it. Thanks for sharing!
So inspirational. “Follow your curiosity more than your passion” this quote gave answer to my some of my few confusions. Thank you for the advise
I just started following you and I'm almost 50. I love your quote "follow your curiousity and not your passion". You're very inspirantional. I have my full-time job, but I have been starting a copywriting course in the last few months and right now doing some low-paid projects for small enterprises in my city for building portfolios. Your YT content improves my confidence. Thank you very much.
Hi Rachel! Fellow Malaysian here 👋🏼 Absolutely love this just in time for the new year where I’m thinking about multiple-income streams. & I feel you, coming from 9-5 it’s super easy to feel guilty when you’re not “busy”. 🙌🏼
th-cam.com/video/AkbxMvq_btA/w-d-xo.html
Hi Rachel, I want to thank you very much for your openess in sharing your journey with us. It is refreshing hearing someone talk about their income streams without sensationalizing and selling us a course. You are so inspirational, keep up the awesome work 👏
Thanks rachael, i am an electrical engineer not connected to ui/ux design in anyway. i do not generally subscribe or like any video but i found the video very subtle, to the point and your voice too is amazing. i have subscribed to the channel, liked the video and i am definitely going to try to generate multiple income streams this year. Thanks for the advice, looking forward to listening to you even more. Happy new year and lots of love from India 🇮🇳
Not only this video but your whole channel is what is was looking for.Thank god we have youtubers like you who are showing actual needed content 👍 keep up the good work ☺️☺️☺️
I came across your channel a few weeks ago! Love your new cinematography process and skills. Well deserved success Rachel!! Keep it up!!
You inspired me to share my income streams as well.
Thank you, Mizko! :)
You’ve earned a new subscriber!
I’ve very recently decided that UI/UX is the field I would like to get into, and I’m currently setting up my systems and streamlining things to help transition into being productive. Videos like this are helping further refine the process
Thank you Johnathan! I'm happy you chose UI/UX, hope things are awesome for you!
@@rachelhow I’m a copywriter and video editor, but really want to learn UX/UI design. Where would you recommend to start?
I love your energy and perspective about creating content and serving others! Thanks for sharing & doing what you do :)
Your videos are so so well made. I can definitely appreciate the craft!
I wanted to share that this was really uplifting as I've been building my streams as well and I just started my blog. loved your video :) Thank you for sharing your experience.
That is awesome! Good luck with your blog :)
Rachel, this is such good content presented in such a simple, thoughtful way. Subscribed and contemplating how to put some of your lessons to immediate use.
Thank you, Gabriel! Means a lot :)
Thank you so much for this Rachel. I'm in the process of reinventing my life (again) because I was never fulfilled by my work - it had no impact and I wasn't helping people. I love the idea of following my curiosity. A lot of people tell me I'm interested in too many things and that I should just concentrate on one thing. That's like saying I should just eat pizza for the rest of my life.
This was so helpful and so fitting that I found your video today. I had just decided to begin working towards a new "side hustle" and I'm so excited!
Amazing to see you grow so fast! Having different income streams is the way for 2022. Thank you and I am very happy I've found your channel!!
Hi Rachel , i just want to let you know that you are such an inspiration to me ! ! Really love how your videos include detail and structure informations that's really beneficial for newbie like me, who has no idea where to start as i am currently self studying and working my way to get into the ux by next year too. Really love all ur video and i can't wait for your future uploads!
Thank you for the kind words, I'm so glad to hear this!!
Did you take a course for Webflow? And from learning to finish, how long till you find your first client? If you don't mind sharing. I'm currently wrapping up my Webflow training. Thanks in advance and happy holidays, stay safe!
I like your straightforward approach. No hype. And you are down-to-earth, approachable, smart, kind, and have a student/teacher attitude, always learning and curious.
Thank you so much sister Rachel, I just watched the first video from this channel that appeared on my homepage. A sentence I remember getting carried away by the subconscious of "follow your curiosity not your passion"
“Everything is figureoutable!” LOVE THAT, Rachel!! That phrase alone can change someone’s life!👍🏻💓
Thanks for watching!!
everything except your inlaws
It's so nice to see you grow so much 😊
This is very inspiring 😁
Thank you Kaushik! Hope your channel grow fast too! Keep going!
I loved this video!! Your insights made sense and were quite helpful. I wish you great luck on your journey of discovery. I love that you are enjoying the process!!
So helpful tips, it´s true, sometimes clients go away just like magic, and it´s really stressful. Thank for sharing this, I lost my jobs few days ago, and this really help to find a new way to create financial stability. Thanks for the video!! I wish you a good year!!
Inspiring! You go girl. Thank you for keeping it real
Your advice about busywork is something a lot of new professionals struggle with! Prioritizing the high value work or not doing tasks that aren't asked of you that aren't high value is so important.
100% :)
Love the vibes here, the advices are practical and your video is lovely to watch.
Hey Rachel! wow- congratulations, this is incredible progress!! admirable:)
I am a teacher.... In 2022.... You can only imagine what that means. I really liked the line, "everything is figuroutable". It is comforting to know that it is possible to go from low income to high income, just by being diligent. I also have a background in info/tech. Thanks for your content. I'm seeing my light at the end of the tunnel.
absolutely loved your take on this topic! keep doing what you do, you inspire me plus I'm sure, many others. subbed!
Awesome! Thank you Kripa!
“Everything is figureoutable” I love that saying! Totally agree ☺️
Bru jumpa channel nii...nampakk best,trima kasih share maklumat yg mcm ni🔥🔥🔥
This is so inspiring!! Thank you so much for being so transparent and sharing all your tips! This motivates me so much and I'm more than happy I found you on TH-cam.
You got this, Roza! Thanks for watching :)
This is a great video, and I love the idea of "follow your curiosity". Thanks for sharing all this - I'm glad this video showed up on my YT feed! :)
Thank you, Jacob! Means a lot!
Yes, you definitely changed my life. You and your videos inspired me to grow as UX designer. Thanks a lot.
I love UI/UX Design, so glad to have discovered it last year. Design was my inner calling that I ignored for 10 years as an IT Engineer. Love you curiosity quote btw!
Great video. Helps me a lot when I'm just getting started towards multiple income stream and financial freedom. However, seeing how each income stream relate to time invested would be really interesting to look at.
Rachel, you are SO inspiring - I recently found out about your channel and I love all your videos! You also made me look into webflow and I'm so tempted to try it out. Thank you so much for sharing this and all the awesomeness you keep sharing!
I'm so glad to hear this, Rali!! Super happy for you ❤️
Possibly the best video on multiple streams of income that I've come across. Straight-forward yet informative. Thanks!
Hey Rachel. I must say I found out about you while searching randomly on my just began journey process on UI/UX design, and I found this clip, it was so refreshing and informative for me on this new skill set I just picked up, relating your experience so far was what caught my attention... I look forward to more piece like this 👍
Now the question is: how did you manage your time/energy/stress to make all of these things work?
Hey Rachel! This video is so inspiring! Thankyou for being so honest about everything
You're so welcome!
OMG Rachel, I'm glad to find your channel through this video. I'll watch all your other videos right now! ⭐
Thank you so much for this! It was much needed! Happy New Year! 💜💚
Take away: baby steps to financial freedom. I love that. Thanks for sharing. This is a piece of honest advice and tips
Yes! Thank you!
Very inspiring! I was wondering how you managed your time to do all these works and your practices. I find Time management for different projects is the toughest thing. I really struggle on this. I'm a singer, graphic designer and also has interest in different sides related to art like interior design, ceramic, illustration etc. But I find it so hard to manage time to work and practice all those things. I tried to manage but I failed and quit from doing lots of things that I would love to do. ❤️
this is truly inspirational. ive been wanting to start something like this but i let fear get the better of me. im currently learning figma, webflow and little wordpress. I would like to use what im learning to set more different income streams as a freelancer and teach what ive learnt on youtube but the unknown is very intimidating. I really enjoyed this video because i felt like i could relate to you at the start but you have the courage to put what you have learned in to action.
Thank you.
I love how chill/simple/clear your video felt. Subscribed! Can you please share tips on editing TH-cam videos?
You're so super amazing Rachel. I learn a lot from you too
lol you everywheere
istg if there was a phub youtube channel, you'd be there too
Sup botty boy welcome to the internet ヽ(*´з｀*)ﾉ
Even though 8 income streams sounds like a very lucrative way to go... I do not think that I could juggle that many. I think that I'd be content with about 3 or 4. But thanks for making the video! Very great information!
Hello Rachel,
My first watch on your channel. I loved this video for all aspects. Your video is polished and content is as honest as possible. Buckling the literature with ground reality, unlike few other channels who would hype over the wealth and intelligence. Every word you say, feels genuine! Best video, and very helpful too! Its amazing that you are winning over yourself everyday, best luck! 🔥🧡
Hey, just wanted to tell you that I just found your channel and I am subscribing right away. It's great content: interesting, effective (not too long for little info), and motivating, certainly because you are talking very directly to us! Also nice setting and quality
Wishing you good work and luck for the future you're amazing :)
Fantastic video, as always Rachel :) I’d love to know how much time you invest(ed) into growing all of these income streams, and how it correlates with the income you get. I understand TH-cam is a long term game, so eventhough your income might not be that high at the moment, and the time you invest into creating videos might be disproportionate atm…but it’ll be worth it in the long run. I’m also curious if you could or want to outsource some tasks to a virtual assistant? I’m trying to find the balance amongst all of my income streams right now. But I’m too cheap to pay for someone (yet) :D maybe next year. Keep up the great work!
Hi. I'm a student studying Computer Science. And I stumbled on your video in my recommendations. As a Malaysian as well, it is really inspiring to see you succeed. I used to be gloomy on how our country isn't doing well on the jobs and built up my own fear cage from reading too much pessimistic articles bout the upcoming future. But after watching your video, I somewhat have regain my confidence that it is possible to survive and become financially free. Do you have any mentorship programs, or maybe like a coaching program cause I would really like to learn from you a lot more on developing my skillset needed to become financially free as well. Again I would like to share my thanks to you for making an inspiring video. Have a nice day.
You're in the process and that's the place to be! Amazing video, thank you for sharing that with us! 😊
I have been trying to figure my streams of income out besides having my one side hustle and my current full-time job. Your way of approaching this topic is so realistic yet manageable and how you slowly grew these streams of income out of building credibility, curiosity and work towrads the ultimate goal in mind. It's funny because you started from a product manager full-time job to UI/UX design freelancing jobs so on so forth, which similarly I have thought about having a freelance side hustle in the field of my full-time job and create a digital product related to this industry. A fellow Malaysian supporting another Malaysian content creator here as well. :)
"Everything is figureoutable" Thank you for giving me such a wonderful mantra for this new year.
You have broken down what you didn't know some time back and you've shown how you now earn an income from them. First of all, congratulations!!! How did you learn all that?
Such a great video! Congrats! :D
Thanks Afzal!!
Good one! thanks for sharing Rachel!
I love how informative this video is!! I had a question- what website did you use to do freelance ux? Thank you ☺️
So glad I found your channel 🎉 my name is Lou from 🇨🇦 and I can’t wait to learn more. Thanks for sharing about gumroad I am just checking it out now. I appreciate you sharing information! Truly helps! Have a great day and hope we can avail of your freelance services one of these days. We’ll keep you in mind. Take care!
Hey Lou, just saw your comment randomly and i believe you would be happy to know about our startup. Upcoming year we are launching our startup for people those who are curious about learning new skills. Let me know if you are interested to know more about us.
Awesome and refreshing 🙌🏼 Thank you Rachel 🙏🏼 Much success to you and everyone here for 2022 & beyond 💫
Happy new year!!
Such a refreshing video, I can definitely see that you're enjoying this! Loved it and subscribed too.
I need to stop myself from doing busywork too!
Would love to see more on how you work in Notion!
Coming soon! Thanks for sticking around ❤️
Just out of curiosity: How would the pie chart look like if it was in terms of the time you spend on each of it
probably round
Good question, any suggestions for a full-time daddy with 2 naughty kids? Yet follow my curiosity?
@@kevinchen2172 Make a list of ALL the things you personally enjoy or think you might be interested in working on as a side stream. Take 4-5 of them that seem like they could work with YOUR lifestyle and pursue them. Keep the original list around and add to it anytime you think of something new, and if 1 or 2 of your side streams just don't work out, replace them with others on the list. Dump all that into etf's on the stock market to let that money further grow and keep working your main job until you're able to live comfortable on about 30% of your side income streams while investing the other 70%. Once you reach that, you can retire from your full time job! Plus, after you get so you can live off 30% of the growth from your investments (which allows the other 70% to continue to grow), you can retire from your side income streams as well (if you so choose of course)!
@@Spladoinkal Thanks for pointing out the direction. I really like this step by step path to establishing a lifestyle for my own.
Absolute Ape shit! That's what my time chart looks like with just 3 income stream including passive ones. 🤦♂️🤷🏻♀️
This is amazing, I just discovered you by searching about UI & UX Design, I am a graphic designer and photographer and I wanted to dive into this world, this video and the one about UX & UI Design motivated me more. keep up the good work and thank you (Subscribed)
Rachel, you are an inspiration!!
So inspiring, thanks for sharing Rachel! And I super agree as well. Even if you have a full-time job, there's no real job security even if you have a full-time job. The security is in trusting that you'll be able to survive, pivot, and figure things out :) P.S. Is "everything is figureoutable" from Marie Forleo as well?
Hey Lian Kyla, yes it's from Marie Forleo! :) Totally agree with you - we should be flexible, always learn new skills and be okay with pivoting when needed.
So insightful and helpful! Thank you so so much for sharing Rachel! Wish you the best in life. And btw, subscribed!!!
Thank you so much for this video. This is very enlightening and eye opening to me. Such a valuable content for anyone who is at the middle of a crossroad right now. Follow your curiosity, not your passion! Thank you so much! This helped me a lot.
The only 3 income stream worth mentioning are the full time job, uxui design, and the web flow. It's not so much the quantity but the quality of those income streams.
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I found this again. I've been looking for this vlog for very long time. Thank you for this.
Thanks for motivating me Rachel😁 You made my day !!!
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You got me at doing or starting things out of curiosity. Thanks Rachel!
The best video on this topic I’ve found so far!!! Thank you so much
Hello! Fellow Malaysian here :P i'm so glad i stumbled upon your channel because it's inspiring! keep doing what you do, Rachel :)
Your aesthetic is so soothing!
Thanks so much for making the process relatable, this video has been really inspiring
Rachel, this is a great video! I appreciate the ‘small bites’ of information and the succinct format of your explanations of each idea you learned. Thank you for your content!
Glad it was helpful!
You encouraged me to start TH-cam channel and post regularly which I have been postponing since years. I have not dedicated regular hours for this but I really want to and start focusing on it in 2023. Love what you said - "creating legacy and even if your video helps one person that is a growth" love that.
Had to pause and just say your videos are really just refreshing, I don't know if it's maybe the music or your voice, it all just goes so well. What you say is also and explainations are just really... idk calming, if that makes sense lol