The key here is, when you first begin focus on just one of these income streams. If you put all your time into 1, you will beat the guy who is focusing on 5. Once you have one income stream down then you can start diversifying.
I'm assuming his major income up until the point he could dump into investing was youtube subscriptions. AKA if you are good looking and have a decent voice and can spam your youtube channel and get advertisement hits off it you can make 10k a month as well.
That's why I feel like most of these programs and courses are so scammy. It's basically that you can start a business! As long as that business is selling other people on the idea that they can start businesses! It's like no one is creating any real value, just talking about how other people can do it.
@@MuchCow9000 yes, be a good little boy and stop questioning the hucksters. be positive, buy courses, and you too can be a broke guy with a hard drive full of courses.
Ryan, my generation rarely listened to young people for their advice. THAT has all changed (for me). Because knowledge is increasing at such a rapid pace, your generation is able to absorb it and apply it (quicker) than mine. I find you intelligent, articulate, well spoken, not full of self promotional BS, and your multiple income streams are extremely viable. I am proud of you.
You spoke on this so well, because my grandparents and parents in my country look at my generation as fools because we are on our phones most of the time but little do they know most of my friends are making money off of it because of the expanding opportunities in technology. Nice to have someone understand
I'm a real estate investor. If a 65 year old man that has done no deals thinks that a 25 year old that has done 100 deals can't teach him something, then which one is the fool?
So refreshing to hear when someone of an older generation is able to listen to the younger ones! Usually they're stubborn and think they've already learned everything that there is in life and all the youngsters are superficial shortsighted idiots. That's extremely heartwarming and refreshing to hear! (I'm the middle generation just in case. Love to observe how generations on the each side of me behave.)
Affiliate marketing is huge!! If you’ve got an audience, you can easily sell products/services that give value just because they value your own life. It’s brilliant. Thanks Ryan!!
Kevin White you need an audience. Can you reach a somewhat large group of people with your content? Website, video, pictures? If no.. then you need to work on those first^
I started my TH-cam channel around 1 year ago and gained around 140,000 subscribers and still learning and going in and out of broke cycles but everytime come out better and learn more! My advice from my limited experience only is other than investing in the stock market for the long term (as that has fairly low maintenance compared to the other streams) One should never spread themselves thin, as Confucius said "those who chase 2 rabbits catch none" - A lot of people confuse diversification for getting themselves busy with a thousand other thing outside of their industry. Diversify WITHIN your industry, or else you will never really reap any of the TRUE exponential fruit of any field, and will jack all trades constantly and will end up with never having any time, stress will ruin you and in the end you will probably be making the same income as that of a 9 to 5'er that just has one job! Make your time worth it and if you will work then work smart as well as hard, but don't confuse activity for productivity. I wish everybody the best of luck including myself! - I am also just learning and by no means have made it!! PEACE
Honestly, I don't think people really want to put in the effort to be rich. I'm 29 but last year I started my side hustle. Fixing appliances. I had literally no clue on how to fix them, but my dryer was acting up and I didn't have much money. I just got done paying for my certifications. TH-cam walked me through it and I fixed my dryer all by myself. I got to thinking. This was easy. There's literally a video for all types of appliances and models. Any type of problem as well. You have appliances at home to work on. Take them apart and put them back together. Change out pieces. Mess with the electrical. You'll get it. I only do maybe 4-6 calls a month, using things like Craigslist and Facebook, but most of the times it's a 10$ piece from the store and 75$ in your pocket. That's all money I save, going on a year now. 👍 You don't have to work hard forever. Work hard to save. Work two jobs for a better future.
Cool story Dustin! Inspiring, really! But don’t work to save, work to save to invest. Read that one twice. Money into your bank account is not moving and neither making you poor or rich, but in order to multiply it you need to keep the ball rolling!
So many people feel they could never earn a 7 figure income or feel they don’t deserve it. Wake up because people have made you believe that when it is actually easier to earn 7 figure than I salary of $100k. Wake the flipping up and quit listening to society.
@@bethanytorah3578 I know, I was supporting my family much younger than that as my dad became disabled from backbreaking work and couldn't continue. Living off someone else is not a concept I'm familiar with.
Time and time again, they're all saying they struck their biggest income sources when they created a TH-cam course. It's about 7th or 10th time I'm hearing that from self-made online millionaires.
These are the scammers of the new generation. we had these people when i was younger as well but they didn't have the reach of today's technology. What these "financial experts" (emphasize air quotes - these are far from experts) are doing is the same thing that's been done for generations. Making money off the less intelligent population who think there is a magical get rich quick scheme that works. it used to be books and VHS tapes. now it's TH-cam videos and online courses. I pity the people who pay for these things. The money they wasted here they could have invested.
Justin Hardee I agree. Today’s standards of being knowlegeable are lower and I can believe you might know some things better than him. But let’s percieve it as something positive! Why don’t you make your own course? If you know 5 times more than him you’re perfectly capable of making 5 times more money than him doing the same thing. Low bar is a good thing. And online teachers don’t always should be synonyms of scammers.
Ryan I got to give it you 👍👍👏👏 at age 23 with multiple sources of income is a great accomplishment. I struggle with just one which is my 9-5 . I just have to educate myself more on the internet side of things because I usually don't trust the internet with financial transactions , I give you mad props for becoming an Entrepreneur hates off to you Ryan🧢🧢👏👏
Im 20 years old and I finally have 3 incomes. Full time job, weekend part time job, and pizza deliveries during the night. Now all I have to do is save so I can start investing.
Ryan, I've been seeing all these adds for making money online by basically being a sales person or posting adds for others ect.., and I'm wondering if anyone has or knows anyone that it actually has been even somewhat successful at it? or is all just BS? pls answer thanks! looking to expand my sources of income.
Would you count two rental properties which have 4 separate tenants as 1,2 or 4 sources of income? Real estate being 1 overall source, 2 duplexes as 2 sources Or having 4 separate tenants being 4 sources??
Van Brown wow. That’s some big money! I don’t believe in Canada we have that option but as you said, there is great passive income, it’s also great having someone else pay the mortgage down and not to bank on but in the long term I assume my equity will increase
I take for granted the secondary source of income I created(Not a TH-cam channel). I was in college and needed extra funds so I marketed myself to property owners as a property manager. I networked and found a nice couple that was willing to give me a shot at managing their properties. I started off handling maintenance issues and properry showings. Now I operate and rent out all three of their properties which on average nets me an extra $6k a year from this one source I created 4-5 years ago. Since then I have created several others but I'm extremely proud of that one because I it provides a value added service that is mutually beneficial for both parties. Best way to create a secondary source of income is to start with a problem and offer a solution. GL
Im 17 years old with 2 souces of income this just made me realize i need a 3rd. im 17 from the ghetto and have 3,000 cash saved w a 3,513$ car i bought. bouta get a JOB
Great video. Sound advice. Can you elaborate more on which of your 5 streams bring in $1k and which brings in $10k and does it do it consistently month after month?
My side hustle is going to be building a time machine to get back these 11 minutes I’ve just wasted...people will definitely pay good money for that...
Im currently 25 and Im about to have 3 (My regular job, The Stock Market, and my new business that im opening), hopefully, ill have a lot more by the end of next year!
Thats why you buy good stocks in strong companies that have ALWAYS had an uptrend, like the S&P500, Google, Apple, etc. etc. Just look at the charts. PLUS you get quarterly dividends, so even if the stock stays the same price, you are STILL making money.
@@chrisstones3636 Sorry for the late reply. Its just a drop shipping business. Apparently, there is a "high demand" for yoga type stuff (fitness), so that's what ill be selling.
Great work! I followed a very similar path. At 24, I have 6 sources of income: 1. Engineering Job 2. Teaching Job 3. Business selling goods and services 4. Business selling digital product 5. Blue chip investments 6. Social media. Of course, I also have a lot of debt from engineering school, but my business strategy has been to invest half of my profits back into the business and the other half to my loans. It has grown rapidly and I'm projecting by Q4 of 2019 I'll be able to erase my debt with just my business income, leaving my two careers as income I can use for bills, play, and investing further. Social media doesn't bring in nearly as much as I expected, but I'm hoping as my brand grows, that will change. I think the biggest advice that you show here is to make money, you have to work very hard. Cheers!
@@marketmillionaire2570 Yes, The Richest Man in Babylon, that's one of my core books on building wealth. You get a good overview of the mindset it takes to build wealth although it doesn't go into details. I also recommend The Neatest Little Guide to Personal Finance by Jason Kelly. This books will have a huge return on investment for you! Very simple and straightforward. Financial Peace by Dave Ramsey is also good but it does have a religious bent to it that all might not like. Make a plan, pay off ALL of your debst, automate your investments and watch your wealth steadily build over the years!
Love these type of videos, if only people realize that their 9-5s isn't gonna make them rich nor support them in a worse case scenario without having other streams of income.
I think in the last 5-10 years the majority of the people have already realized their 9-5s isn't gonna make them rich. The thing now is - every other one of us will create our numerous TH-cam courses and this market will become so saturated in 3-5 years so it will stop be profitable as well. We will need to think of some another way yet again.
His advice is so surface level I don't see how it really helps anyone other than getting them open to investing. You quit your job to focus on TH-cam. It would be very helpful if you mentioned HOW you did that. Did you move in with your parents? Did someone else allow you to live rent and bills free as you built your business? The transition is not as easy as you put it and I don't want you giving people false hope.
He's not gonna tell you step by step. You got to figure things out yourself. Plus if you paid attention to the video, he clearly said he left his job when he was able to be on youtube full time... meaning he was already making enough from youtube that he was able to quit....
@@samuelcuevas395 i think one reason why he is not telling step by step is to generalize the procces for everyone so it will sound easier, but think about the paper that need to be signed and agreement and all. Plus, some ideas don t aply everywhere so it s useless to go in detail.
Hi Dennis some people take a lot of time to build their channels, ours recently became eligible for monetisation after a video we uploaded went viral and just through that video we can now earn from the channel. It can be different for everyone especially with the algorithms
Love it! Good work man. You've inspired me to start a TH-cam channel and share the knowledge I've gained as a Real Estate Agent and Investor. Thank you!
I'm at 3 profitable streams of income myself and working on a few others. The 3 profitable income streams I have are dividend stocks, my serving job, and I recently got 3 candy machines making me money. I also sell my private label product on Amazon but it's not profitable yet.
We have 3 sources of income and working on a fourth one. One of our sources is dividends we get every quarter. It is a pretty good income we have had these stocks for 18 years now and it Increases about 1,000 a year, so by retirement in 25 years it should be a substantial amount of money. Definitely interested in a rental property too. Love increasing my income.
I read Rich dad poor dad and took it to goodwill the same day. He just goes in circles about the 4 quadrants and the book doesn't really say much about what to do. The best thing to do is to research shit online about how to start multiple incomes
You forgot to add that you were and probably still are living with your parents when you quit your daytime job and went full-time in TH-cam. Not everyone has that luxury.
This. Having 5k to drop into a mutual fund, and then quitting your full time job? Obviously the landlord was not putting eviction signs on your bedroom door.
Yep, all TH-camrs make it sound easy so you can admire & follow them.. they don't say they got help from parents. Like Elon Musk, always saying it was all by himself. Bull shit he came from a wealthy family from where he got the knowledge, education & support to become rich. (Richer)
I do know this video is a few months old. But i would like to add my story as well. My name is David (of course) and im 25 years old. Ive always wanted to be rich but instead im just a poor country boy. I have managed to get 3 sources of income at the moment, with 2 more sources hopefully coming soon. Im a full time firefighter in my home town. That is my primary source of income. After getting most of my training, i decided to go back to school to learn a trade. I chose to learn welding. Now i have two jobs. The fire dept job pays my bills and provides insurance for my wife, the kids, and I. The welding job is extra income that use primarily to help get out of debt. (Car payments, house payment.) My 3rd source of income has came from investing in growth stocks. No im not collecting money from it, but i have managed to get a 76% return so far. My next 2 sources of income (hopefully) will be getting into the chicken business (remember when i said im a country boy) I really love the old english game bantam breeds of chicken, they are awesome little creatures, and make great pets. My next source of income will hopefully be from creating youtube content with my chickens. (Crazy old chicken ladies might watch it lol). And just for a add in, i wouldnt mind blogging as well. If i could just learn how to write. So if you've read this and decided you might want to join me as i dive into the chicken/youtube business. Go ahead and get early access by subscribing and clicking that bell, so you will be notified when the first video drops.
Investing Book Summaries I’ve seen that the author has come out with what seems updated versions of “rich dad, poor dad” like “rich dad poor dad for teens” and others. Which would you recommend? The original or one of the updated ones?
@@davidornelas3326 As long as the newer versions don't cut out information from previous versions I'll always consider them the best. For rich dad poor dad I think the updated and newest version is best. For security analysis, I prefer the 2nd edition compared to newer versions because a lot of the chapters were taken out in the newer one (but it's better than the 1st edition from what I can tell because the second edition answered questions and reinforced ideas that were brought on from the first's publication). Long-winded answer for a TH-cam comment, but for rich dad I'd go with the newest one that isn't a spinoff.
9:20 I think this is very important. Focus on one thing, or at most two of them. There's often an exponential function connected to time/effort spent in an area and the profits you get out of it. Just think about elite athletes, musicians, investors, businesses, TH-camrs etc. Who do you think are the winners? My guess is that the top 0,1% takes at least 50% of the profits. If you diversify across multiple areas you never get to enjoy the exponential's true effect in any of them.
I can't stop looking at the patches on the wall. I am a painter self contracted, trying to start a way to make passive income, I was thinking of doing small things at the time like vending machines and flipping from outlets, but a lot people seem to do that already. The thing that is hard for me is finding something unique now since everyone is doing most things already.
Thank you for your videos, Ryan! You often give advice on how to invest when you are in your early 20's . Could you make a video on passive income and investing in your 40's, please.
Tons of hard work right there, it takes at least a year to produce little income in the first place so be practical guys it may take time and consistency is key to success.
Thanks for spreading the INSPIRATION, Ryan! Good stuff and congrats on the success thus far. (Hope I can help you boost that affiliate figure in the future 😉!)
What if your in student loan debt? should I take care of that first before trying to invest? Im working on my second income stream currently, just started the process.
It depends on the amount of interest you are paying on the debt. When examining my own student debt, I discovered that there were certain "pieces" of it at 6.8% interest, some at 4.5%, etc. If yours is the same way, you could start by paying the higher interest stuff off FIRST. That will free up more money to accelerate the payment of the remainder or at least leave more money free to invest. My $0.02.
What an important video!! Very true, like investing you don’t want to have your eggs in one basket. Congrats on being able to leave the generic 9-5 job. Hopefully one day I can be like you.
I find tricky to identify an accesible initial investment for a very limited amount of savings, so my question would be: should I wait to save more mony to invest in something more substancial or, there're actual good investments that doesn't required a robust inicial amount of money...?
Digital products is one of my favorite ways to make money right now. Create value via TH-cam videos where you promote your digital products, essentially your videos become ads which you can also make money from. My top sources right now are job, digital products, Patreon, TH-cam, and dropshipping on ebay, the last one I haven't spent much time in, but still makes a small profit.
Says he made "small amount of money" from Amazon links in the past but didn't consider it an income source, but considers 2 dollars a month from TH-cam And Investing a source of income lol
he for sure makes thousands of dollars monthly if not more from TH-cam, and the investments while don't produce a lot of income now they will in the next few decades
Wow Ryan I am also 23 and I am impressed with how much you've done! You must have worked hard to get to where you were. I am working full-time as a computer scientist but am starting my journey on TH-cam!
I liked very much this video. It have just given me the motivational kick to start moving. I have been stopped in the starting line of those income streams, waiting for nothing. Thank you Ryan.
Just keep it up bro. This video just make me think of something that I can make another source of income. Thank you for your idea. More strength and more money!
I really enjoyed your video, information delivery, and words of warning concerning human psychology. Good job young man. Proud of you and happy to have yet another wise human being to glean knowledge from. Truth is ageless so the catalyst isn't as important as the potency. Stay the course, doing good bud.
having multiple streams of income has become very important in these times of uncertainty!.. plus, hard work towards that goal makes you learn so much in the process!:)
I didn't expect I'd like your videos at all thinking just another investment video. But you're very informative and you give good strategies and ideas. Keep it up. Subscribed.
Awesome. This is the first "success" or "financial" video that I watched all the way through. Honest, easy to understand, simple, speaks clearly, and makes sense. The title also matches the content! Thanks for the video.
That is awesome! I just started exploring other forms of income. Started a little later at 27 but better late then never! I know have a TH-cam channel and side business. I hope to start making money off my TH-cam channel in January 2020 to have 1000+ subs. Thanks for the video!
Ryan, this is the first video I see of your channel. Your words make sense, I believe every word you say. Unlike other channels I like how you focus on creating the income source rather than the end result of the money.
Awesome vid, I have currently several streams and am working on more... 1) real estate investing, 2) kdp publishing 3) youtube channel ad revenue 4) rental property
I'm 31 I just opened my first investment account with m1 and dropped 4.5k into it, hours of researching until my eyes were so dry, hopefully it pays off. Never been much if a gambler, after a week of doing it have been at a steady 2 percent increase so hopefully in ten years I have something more
URHO TM why is that? This world would be a better and probably worse place if we were more open about money. Then u know if ur getting ripped off because we can compare our incomes and prices for services. There is literally no good reason for this sensitivity about money people just sensitized it enough that we internalized it and it became such a taboo.
I just started reading rich dad poor dad today, got home from work and stumbled upon your channel for the first time, this is the 2nd video im watching and I have just invested $9500 into mutual funds last month through a TFSA (Canadian Registered Account) I guess im on the right track :D
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![How To Turn Your Yearly Income Into Your Monthly Income - Bob Proctor [ The Law of Compensation ]](/img/n.gif)
Author of "From Side Hustle To Main Hustle To Millionaire" (Available at B&N, Amazon, Library)
My Book: sidehustlebook.info
I let my uncle borrow $5 and said he'd pay me back $10 in a week. Its been 23 years and I'm still waiting on my great investment.
zackdelarocha8 hahahahha 😹😹😹🐐
@@wisegeo356 hahahahaha
News flash. That money depreciated two two.
@@danielkelvin1036 you lucky
zackdelarocha8 😂😂😂😂
The key here is, when you first begin focus on just one of these income streams. If you put all your time into 1, you will beat the guy who is focusing on 5.
Once you have one income stream down then you can start diversifying.
That's a thing bro.
This is interesting, could you say this for all income streams?
I'm sure there is a couple of anomalies.
But the thing is, normal people start with a typical Job. Changing Time to Money. So they cannot put all time in the good Streams. right?
Investing doesn't really fit as it is essentialy a dumpster for your income. Also you can focus only on investing only with enough capital ready.
So basically you started making money by selling people programs on how to make money
I'm assuming his major income up until the point he could dump into investing was youtube subscriptions. AKA if you are good looking and have a decent voice and can spam your youtube channel and get advertisement hits off it you can make 10k a month as well.
Classic
That's why I feel like most of these programs and courses are so scammy. It's basically that you can start a business! As long as that business is selling other people on the idea that they can start businesses! It's like no one is creating any real value, just talking about how other people can do it.
RenewableEnergy life is a ponzi
@@MuchCow9000 yes, be a good little boy and stop questioning the hucksters. be positive, buy courses, and you too can be a broke guy with a hard drive full of courses.
PFFT. I have 4 souce of income since I was 12. My mom, dad, nana and papa.
Soon those sources will dry up. You’re gonna have to replace them with multiple streams of sugermamas. Diversify, not just one and overtime. 😏
😂 😂 😂 too funny.
Genius lol I love it
Ryan, my generation rarely listened to young people for their advice. THAT has all changed (for me). Because knowledge is increasing at such a rapid pace, your generation is able to absorb it and apply it (quicker) than mine. I find you intelligent, articulate, well spoken, not full of self promotional BS, and your multiple income streams are extremely viable. I am proud of you.
You spoke on this so well, because my grandparents and parents in my country look at my generation as fools because we are on our phones most of the time but little do they know most of my friends are making money off of it because of the expanding opportunities in technology. Nice to have someone understand
Good to have multiple income
I'm a real estate investor. If a 65 year old man that has done no deals thinks that a 25 year old that has done 100 deals can't teach him something, then which one is the fool?
So refreshing to hear when someone of an older generation is able to listen to the younger ones!
Usually they're stubborn and think they've already learned everything that there is in life and all the youngsters are superficial shortsighted idiots.
That's extremely heartwarming and refreshing to hear!
(I'm the middle generation just in case. Love to observe how generations on the each side of me behave.)
Well said. Keep on keepin' on!
How I became a millionaire? My father was a billionaire
Max Swap can you invest some money in me so i can invest it and I’ll pay you back?
Easy there Trump
This is for self-made millionaires not for some rich kid who grew up with it.
Roberto Guevara 😂
someone need a r/whoosh
Affiliate marketing is huge!! If you’ve got an audience, you can easily sell products/services that give value just because they value your own life. It’s brilliant. Thanks Ryan!!
How do I get started in affiliate marketing?
Yesss!
Kevin White you need an audience. Can you reach a somewhat large group of people with your content? Website, video, pictures? If no.. then you need to work on those first^
Contact me :) Telegram @positiveleo
He just did, with the Book Rich dad poor dad
I’ve built 6 figures of debt by 27 😂
Youre a medical student? All the best
Oh man 😞😃😄😆😂 Thank you for the laughs. Lord Jesus please help this guy to be debt-free. 😊 Ask and it shall be given you. Matt. 5:16
Make a course on it and make your way back lmfao
lmao
How I made 6 figure debt at 27. Free course!
I started my TH-cam channel around 1 year ago and gained around 140,000 subscribers and still learning and going in and out of broke cycles but everytime come out better and learn more! My advice from my limited experience only is other than investing in the stock market for the long term (as that has fairly low maintenance compared to the other streams) One should never spread themselves thin, as Confucius said "those who chase 2 rabbits catch none" - A lot of people confuse diversification for getting themselves busy with a thousand other thing outside of their industry. Diversify WITHIN your industry, or else you will never really reap any of the TRUE exponential fruit of any field, and will jack all trades constantly and will end up with never having any time, stress will ruin you and in the end you will probably be making the same income as that of a 9 to 5'er that just has one job! Make your time worth it and if you will work then work smart as well as hard, but don't confuse activity for productivity. I wish everybody the best of luck including myself! - I am also just learning and by no means have made it!!
PEACE
At 23 I made the biggest investment mistake, I got married then at 39 got divorced and still trying to get her out of my life.
Bull Bear Portfolio best comment
Bull Bear Portfolio how’s life treating you now?
I agree 💯
I agree. A bad spouse/girlfriend/boyfriend can be the worst investment. A good one - the best.
Honestly, I don't think people really want to put in the effort to be rich.
I'm 29 but last year I started my side hustle. Fixing appliances. I had literally no clue on how to fix them, but my dryer was acting up and I didn't have much money. I just got done paying for my certifications. TH-cam walked me through it and I fixed my dryer all by myself. I got to thinking. This was easy. There's literally a video for all types of appliances and models. Any type of problem as well.
You have appliances at home to work on. Take them apart and put them back together. Change out pieces. Mess with the electrical. You'll get it. I only do maybe 4-6 calls a month, using things like Craigslist and Facebook, but most of the times it's a 10$ piece from the store and 75$ in your pocket. That's all money I save, going on a year now. 👍 You don't have to work hard forever. Work hard to save. Work two jobs for a better future.
Cool story Dustin! Inspiring, really! But don’t work to save, work to save to invest. Read that one twice. Money into your bank account is not moving and neither making you poor or rich, but in order to multiply it you need to keep the ball rolling!
We often focus on diversifying our investment portfolios, but it is just as important to diversify our income streams. Great video Ryan!
Well said
Great point
Good stuff bro
you only diversify if you successfully build 1, you dont diversify by building 3 at the same time because they all will fail
Michael Jay - Value Investing "diversifying our investment portfolios"
That has got to be the most corporate new-age sentence I've ever heard
He reminds me of Forrest Gump.
Tom Hanks*
Or Peyton Manning
He reminds me of Cougar from Top Gun
Nah he’s like a young version of the guy from scrubs/platoon
I instantly though of Payton Manning
Great video man! Same here! TH-cam, Facebook Watch, Rentals, Amazon affiliate, Retirement , stocks.
So many people feel they could never earn a 7 figure income or feel they don’t deserve it. Wake up because people have made you believe that when it is actually easier to earn 7 figure than I salary of $100k. Wake the flipping up and quit listening to society.
Jim Paar thank you sir I’m glad i was reading the comments This was a big sign /wake up call for me
Thanks Jim
Run Ryan, Run.
FYI: when I was 23 I had 2 sources of income: mom and dad.
You free loaded off your parents!!!! Get a job!!
@@bethanytorah3578 I know, I was supporting my family much younger than that as my dad became disabled from backbreaking work and couldn't continue. Living off someone else is not a concept I'm familiar with.
@@bethanytorah3578 dont hate
@@bethanytorah3578 I sell full time on Ebay and always have money when I was working a 9-5 I never had money
This made me chuckle
- "How to make a million online?"
- "Do a course 'How to make a million online'."
The way you present your ideas is like you're 40/50s, very mature and intelligent.
Time and time again, they're all saying they struck their biggest income sources when they created a TH-cam course.
It's about 7th or 10th time I'm hearing that from self-made online millionaires.
These are the scammers of the new generation. we had these people when i was younger as well but they didn't have the reach of today's technology. What these "financial experts" (emphasize air quotes - these are far from experts) are doing is the same thing that's been done for generations. Making money off the less intelligent population who think there is a magical get rich quick scheme that works. it used to be books and VHS tapes. now it's TH-cam videos and online courses. I pity the people who pay for these things. The money they wasted here they could have invested.
Justin Hardee I agree. Today’s standards of being knowlegeable are lower and I can believe you might know some things better than him. But let’s percieve it as something positive! Why don’t you make your own course?
If you know 5 times more than him you’re perfectly capable of making 5 times more money than him doing the same thing. Low bar is a good thing.
And online teachers don’t always should be synonyms of scammers.
I was happy to see that your the owner of that Instagram page 😀 coz it's my favourite page 🔥🔥
Ryan I got to give it you 👍👍👏👏 at age 23 with multiple sources of income is a great accomplishment. I struggle with just one which is my 9-5 . I just have to educate myself more on the internet side of things because I usually don't trust the internet with financial transactions , I give you mad props for becoming an Entrepreneur hates off to you Ryan🧢🧢👏👏
Im 20 years old and I finally have 3 incomes. Full time job, weekend part time job, and pizza deliveries during the night. Now all I have to do is save so I can start investing.
Good luck
Thats good for a while. But remember, its changing time for money. Its not scaleable.
Thank you for your openness and honesty about the things that didn't work out (ie: merchandising).
I’m 17 and have a decent amount of knowledge on the stock market I found you just right now and I want to let you know your an inspiration to me.
hey good job gaining knowledge.
Ryan, I've been seeing all these adds for making money online by basically being a sales person or posting adds for others ect.., and I'm wondering if anyone has or knows anyone that it actually has been even somewhat successful at it? or is all just BS? pls answer thanks! looking to expand my sources of income.
I've always thought those ads were total B.S.
Would you count two rental properties which have 4 separate tenants as 1,2 or 4 sources of income?
Real estate being 1 overall source,
2 duplexes as 2 sources
Or having 4 separate tenants being 4 sources??
Leadership with Mike I would say one
That would be one source or one type of income...if re market goes south for any reason you want other types/sources
I had the same question. But I think ed gave the right answer.
Van Brown wow. That’s some big money! I don’t believe in Canada we have that option but as you said, there is great passive income, it’s also great having someone else pay the mortgage down and not to bank on but in the long term I assume my equity will increase
I'm so impressed with how much your brand/ businesses have grown over the past 2 years Ryan!
Keep up the great work, wishing you the best of luck!
But every time he says income, the speed increases 5%
Lollll
Literally HAHA
Love these
The magic of compound interest
I actually laughed more than i thought i would XD good job
The title sounded intimidating, but the steps are fairly simple and I am already well on my way. Thank you for sharing!
I have a lemonade stand as my third source of income
David Meza That's awesome! make sure you have a permit because in some places they will shut your business down
😂
I take for granted the secondary source of income I created(Not a TH-cam channel). I was in college and needed extra funds so I marketed myself to property owners as a property manager. I networked and found a nice couple that was willing to give me a shot at managing their properties. I started off handling maintenance issues and properry showings. Now I operate and rent out all three of their properties which on average nets me an extra $6k a year from this one source I created 4-5 years ago. Since then I have created several others but I'm extremely proud of that one because I it provides a value added service that is mutually beneficial for both parties.
Best way to create a secondary source of income is to start with a problem and offer a solution. GL
Good work! Glad you were able to do this!
Im 17 years old with 2 souces of income this just made me realize i need a 3rd. im 17 from the ghetto and have 3,000 cash saved w a 3,513$ car i bought. bouta get a JOB
Why get such an expensive car so young though?
Good thinking...
imitation is the greatest form of flattery that’s not a expensive car
@@thetechdude1 There's good cars for 700-800 dollars which would be much cost efficient
@@thetechdude1 I don't see why you would waste so much on something you don't really need if you have a bike
Great video. Sound advice. Can you elaborate more on which of your 5 streams bring in $1k and which brings in $10k and does it do it consistently month after month?
My side hustle is going to be building a time machine to get back these 11 minutes I’ve just wasted...people will definitely pay good money for that...
Good one
Rude...
That’s rude dude brude
Im currently 25 and Im about to have 3 (My regular job, The Stock Market, and my new business that im opening), hopefully, ill have a lot more by the end of next year!
Stocks and shares can go down as well as up , unless you can see the future ????
Thats why you buy good stocks in strong companies that have ALWAYS had an uptrend, like the S&P500, Google, Apple, etc. etc. Just look at the charts. PLUS you get quarterly dividends, so even if the stock stays the same price, you are STILL making money.
@@chrism6904 what do you Mean with quartely dividends? How can you make income if it not goes up
@@chrisstones3636 Sorry for the late reply. Its just a drop shipping business. Apparently, there is a "high demand" for yoga type stuff (fitness), so that's what ill be selling.
@@UltimateFreekickerzdok Companies pay dividends no matter what the price of the stock to owners of the stock.
JULY 2018
#1 Invest
#2 TH-cam
#3 Digital product
#4 Investing simple
#5 Amazon affiliate links
Great work! I followed a very similar path. At 24, I have 6 sources of income: 1. Engineering Job 2. Teaching Job 3. Business selling goods and services 4. Business selling digital product 5. Blue chip investments 6. Social media. Of course, I also have a lot of debt from engineering school, but my business strategy has been to invest half of my profits back into the business and the other half to my loans. It has grown rapidly and I'm projecting by Q4 of 2019 I'll be able to erase my debt with just my business income, leaving my two careers as income I can use for bills, play, and investing further. Social media doesn't bring in nearly as much as I expected, but I'm hoping as my brand grows, that will change. I think the biggest advice that you show here is to make money, you have to work very hard. Cheers!
Do what you love.
Enjoy your life.
The world is in your hands.
Great info, thank you.
yeah you re right
A real man paves his own path
Great stuff! Like many of us here I am also working on building multiple streams of income.
Another great book: The Richest Man in Babylon
Am reading it. Very good information. Also recommend The Intelligent Investor and The Four Hour Workweek.
@@marketmillionaire2570 Yes, The Richest Man in Babylon, that's one of my core books on building wealth.
You get a good overview of the mindset it takes to build wealth although it doesn't go into details. I also recommend The Neatest Little Guide to Personal Finance by Jason Kelly. This books will have a huge return on investment for you! Very simple and straightforward.
Financial Peace by Dave Ramsey is also good but it does have a religious bent to it that all might not like. Make a plan, pay off ALL of your debst, automate your investments and watch your wealth steadily build over the years!
@@davidb8777 Thanks for the recommendations!
Lmao just finished reading that and rich dad poor dad
Another book I recommend is 50 Prosperity Classics by Tom Butler-Bowden. Try getting the audio book. It's a gem.
Love these type of videos, if only people realize that their 9-5s isn't gonna make them rich nor support them in a worse case scenario without having other streams of income.
Oscar Martinez - Stock Market Hustler
That’s not true
underr baton music shit now here U EVERYWHERE I GO
Aucity YT just means we have similar likes bro nothing wrong with that 💯
@@OscarMartinez817 your experience just didn't make it ...keep it real
I think in the last 5-10 years the majority of the people have already realized their 9-5s isn't gonna make them rich.
The thing now is - every other one of us will create our numerous TH-cam courses and this market will become so saturated in 3-5 years so it will stop be profitable as well.
We will need to think of some another way yet again.
His advice is so surface level I don't see how it really helps anyone other than getting them open to investing.
You quit your job to focus on TH-cam. It would be very helpful if you mentioned HOW you did that. Did you move in with your parents? Did someone else allow you to live rent and bills free as you built your business? The transition is not as easy as you put it and I don't want you giving people false hope.
That is the sole purpose of this video. Clickbait diguised as good ideas for a bussines. Tbh the comments are more helpful lol
He's not gonna tell you step by step. You got to figure things out yourself.
Plus if you paid attention to the video, he clearly said he left his job when he was able to be on youtube full time... meaning he was already making enough from youtube that he was able to quit....
@@samuelcuevas395 i think one reason why he is not telling step by step is to generalize the procces for everyone so it will sound easier, but think about the paper that need to be signed and agreement and all. Plus, some ideas don t aply everywhere so it s useless to go in detail.
@@samuelcuevas395 now that i think about this video, this are just ideas not steps. You go figure what ideea is suitable for you.
Hi Dennis some people take a lot of time to build their channels, ours recently became eligible for monetisation after a video we uploaded went viral and just through that video we can now earn from the channel. It can be different for everyone especially with the algorithms
Love it! Good work man. You've inspired me to start a TH-cam channel and share the knowledge I've gained as a Real Estate Agent and Investor. Thank you!
@@RyanScribner yes sir. Keep up the great content and let me know if you ever want to get into investing in Real Estate in Pittsburgh ;)
I'm at 3 profitable streams of income myself and working on a few others. The 3 profitable income streams I have are dividend stocks, my serving job, and I recently got 3 candy machines making me money. I also sell my private label product on Amazon but it's not profitable yet.
K. Weis Investments that’s awesome! I’m currently working towards creating another form of income. Keep at it!
Very inspiring! It's also amazing because these streams of income can be started by anyone. Thank you for sharing!
We have 3 sources of income and working on a fourth one. One of our sources is dividends we get every quarter. It is a pretty good income we have had these stocks for 18 years now and it Increases about 1,000 a year, so by retirement in 25 years it should be a substantial amount of money. Definitely interested in a rental property too. Love increasing my income.
I read Rich dad poor dad and took it to goodwill the same day. He just goes in circles about the 4 quadrants and the book doesn't really say much about what to do. The best thing to do is to research shit online about how to start multiple incomes
Thanks for sharing dawg. You’re killing it :) you should do a vid specially on the Cash Flow Quadrant. Probably would help a lot of noobs
You forgot to add that you were and probably still are living with your parents when you quit your daytime job and went full-time in TH-cam. Not everyone has that luxury.
ugh, another martyr..
Or he had money saved up?
This. Having 5k to drop into a mutual fund, and then quitting your full time job? Obviously the landlord was not putting eviction signs on your bedroom door.
Yep, all TH-camrs make it sound easy so you can admire & follow them.. they don't say they got help from parents. Like Elon Musk, always saying it was all by himself. Bull shit he came from a wealthy family from where he got the knowledge, education & support to become rich. (Richer)
He clearly said he didn't quit his job until TH-cam was making enough to support him full time.
I love these videos. I think everyone needs to work on increasing their streams of income.
pls stop with your pathetic advertising comments
I SEE YOU EVERYWHERE...
When are you going to give up ?Jesus It doesnt work, nobody is watching ur videos
Lmao I see you on all MMA videos. Whats up
I do know this video is a few months old. But i would like to add my story as well. My name is David (of course) and im 25 years old. Ive always wanted to be rich but instead im just a poor country boy. I have managed to get 3 sources of income at the moment, with 2 more sources hopefully coming soon. Im a full time firefighter in my home town. That is my primary source of income. After getting most of my training, i decided to go back to school to learn a trade. I chose to learn welding. Now i have two jobs. The fire dept job pays my bills and provides insurance for my wife, the kids, and I. The welding job is extra income that use primarily to help get out of debt. (Car payments, house payment.) My 3rd source of income has came from investing in growth stocks. No im not collecting money from it, but i have managed to get a 76% return so far. My next 2 sources of income (hopefully) will be getting into the chicken business (remember when i said im a country boy) I really love the old english game bantam breeds of chicken, they are awesome little creatures, and make great pets. My next source of income will hopefully be from creating youtube content with my chickens. (Crazy old chicken ladies might watch it lol). And just for a add in, i wouldnt mind blogging as well. If i could just learn how to write.
So if you've read this and decided you might want to join me as i dive into the chicken/youtube business. Go ahead and get early access by subscribing and clicking that bell, so you will be notified when the first video drops.
I respect the hustle and cant wait to see them chickens! Goodluck brother!!
I stopped reading when you said wife and kids
Drinking Challenge: Take a shot every time he says INCOME
😂😂
2 shots for the word SOURCE
finally, a challenge that can increase my alcohol tolerance
Rich dad poor dad is pretty great, that's why its the video series i'm currently making a series for.
Investing Book Summaries I’ve seen that the author has come out with what seems updated versions of “rich dad, poor dad” like “rich dad poor dad for teens” and others. Which would you recommend? The original or one of the updated ones?
@@davidornelas3326 As long as the newer versions don't cut out information from previous versions I'll always consider them the best. For rich dad poor dad I think the updated and newest version is best. For security analysis, I prefer the 2nd edition compared to newer versions because a lot of the chapters were taken out in the newer one (but it's better than the 1st edition from what I can tell because the second edition answered questions and reinforced ideas that were brought on from the first's publication). Long-winded answer for a TH-cam comment, but for rich dad I'd go with the newest one that isn't a spinoff.
keep up the rich dad poor dad summary I love it
Chap. 2 should be out by tomorrow morning (as long as it exports to video properly). Glad you like the series!
Investing Book Summaries shameless plug
9:20 I think this is very important. Focus on one thing, or at most two of them. There's often an exponential function connected to time/effort spent in an area and the profits you get out of it. Just think about elite athletes, musicians, investors, businesses, TH-camrs etc. Who do you think are the winners? My guess is that the top 0,1% takes at least 50% of the profits. If you diversify across multiple areas you never get to enjoy the exponential's true effect in any of them.
I can't stop looking at the patches on the wall. I am a painter self contracted, trying to start a way to make passive income, I was thinking of doing small things at the time like vending machines and flipping from outlets, but a lot people seem to do that already. The thing that is hard for me is finding something unique now since everyone is doing most things already.
Am in exactly the same boat (but NOT a painter), Alberto. Can certainly relate!!
You've earned all of them Ryan! Keep it up buddy
Marko nice to see you here!!😇
Thank you for your videos, Ryan! You often give advice on how to invest when you are in your early 20's . Could you make a video on passive income and investing in your 40's, please.
Maybe ask a person in their 40's instead of some one in their 20's....just saying....
Tons of hard work right there, it takes at least a year to produce little income in the first place so be practical guys it may take time and consistency is key to success.
An honest & fair assessment unlike other videos I watched, which just skirt around the subject
Thanks for spreading the INSPIRATION, Ryan! Good stuff and congrats on the success thus far.
(Hope I can help you boost that affiliate figure in the future 😉!)
What if your in student loan debt? should I take care of that first before trying to invest? Im working on my second income stream currently, just started the process.
It depends on the amount of interest you are paying on the debt. When examining my own student debt, I discovered that there were certain "pieces" of it at 6.8% interest, some at 4.5%, etc. If yours is the same way, you could start by paying the higher interest stuff off FIRST. That will free up more money to accelerate the payment of the remainder or at least leave more money free to invest. My $0.02.
What an important video!! Very true, like investing you don’t want to have your eggs in one basket. Congrats on being able to leave the generic 9-5 job. Hopefully one day I can be like you.
Im 14 and Rich Dad,Poor Dad has changed my perspective on life tremendously
Thank you for the information. It is very helpful. ♥
I find tricky to identify an accesible initial investment for a very limited amount of savings, so my question would be: should I wait to save more mony to invest in something more substancial or, there're actual good investments that doesn't required a robust inicial amount of money...?
Drinking game idea, every time he says "source(s) of income" you take a shot
Doing multiple business or streams of income is great as long as you can manage them well. Great content by the way!
Is anyone else already rich but still watching this?
Andrew & Sarah Menck Me... but I look at all videos to see if there is anything I can do to improve.
Digital products is one of my favorite ways to make money right now. Create value via TH-cam videos where you promote your digital products, essentially your videos become ads which you can also make money from. My top sources right now are job, digital products, Patreon, TH-cam, and dropshipping on ebay, the last one I haven't spent much time in, but still makes a small profit.
I’m 15 gaining valuable information. Thanks man 🙏
Thanks Ryan, great insight on multiple revenue streams.
lol you look like peyton manning
lol
Hah
Thought so too lol
OMAHA
OMG, you're the face behind investing simple!!! I LOVE IT! So motivating and informative! - had to subscribe
Says he made "small amount of money" from Amazon links in the past but didn't consider it an income source, but considers 2 dollars a month from TH-cam And Investing a source of income lol
he for sure makes thousands of dollars monthly if not more from TH-cam, and the investments while don't produce a lot of income now they will in the next few decades
Cuz it is, if its money in your pocket, its income, and it grows overtime
Wow Ryan I am also 23 and I am impressed with how much you've done! You must have worked hard to get to where you were. I am working full-time as a computer scientist but am starting my journey on TH-cam!
Damn dude can u be my friend lol I wish I had u as a neighbor or some thing I need to be having conversations with people like u
I liked very much this video. It have just given me the motivational kick to start moving. I have been stopped in the starting line of those income streams, waiting for nothing. Thank you Ryan.
Making a deposit in a bank is also a source of income... investing money in stocks is high risk investment, having a job is whole another thing.
Just keep it up bro. This video just make me think of something that I can make another source of income. Thank you for your idea. More strength and more money!
I really enjoyed your video, information delivery, and words of warning concerning human psychology. Good job young man. Proud of you and happy to have yet another wise human being to glean knowledge from. Truth is ageless so the catalyst isn't as important as the potency. Stay the course, doing good bud.
having multiple streams of income has become very important in these times of uncertainty!.. plus, hard work towards that goal makes you learn so much in the process!:)
Great video Ryan! Good to have multiple income sources
it sure it to have them. great way to pay some bills off.
I didn't expect I'd like your videos at all thinking just another investment video. But you're very informative and you give good strategies and ideas. Keep it up. Subscribed.
Thanks for this! Very educational! ✌🏽
Awesome. This is the first "success" or "financial" video that I watched all the way through. Honest, easy to understand, simple, speaks clearly, and makes sense. The title also matches the content! Thanks for the video.
That is awesome! I just started exploring other forms of income. Started a little later at 27 but better late then never! I know have a TH-cam channel and side business. I hope to start making money off my TH-cam channel in January 2020 to have 1000+ subs. Thanks for the video!
Bree The Coupon Queen
What is your side business ?
Ryan, this is the first video I see of your channel. Your words make sense, I believe every word you say. Unlike other channels I like how you focus on creating the income source rather than the end result of the money.
This guy is the truth very smart fellow I have got to meet this guy one day
#wanttobelikeryan
Awesome vid, I have currently several streams and am working on more... 1) real estate investing, 2) kdp publishing 3) youtube channel ad revenue 4) rental property
I invested my life savings in bitcoin....now I earn over $6,500 weekly. Bitcoin is the best crypto currency so far
If you were really earning that much, wont be on this video!!
I'm 31 I just opened my first investment account with m1 and dropped 4.5k into it, hours of researching until my eyes were so dry, hopefully it pays off. Never been much if a gambler, after a week of doing it have been at a steady 2 percent increase so hopefully in ten years I have something more
Hi beautiful person scrolling through the comments.
The realest video on TH-cam on income diversification and making money online.
So in total, how much are you making this year in total?
don't you know it's rude to ask how much one is making? or something like that -The Bucket List
URHO TM why is that? This world would be a better and probably worse place if we were more open about money. Then u know if ur getting ripped off because we can compare our incomes and prices for services. There is literally no good reason for this sensitivity about money people just sensitized it enough that we internalized it and it became such a taboo.
Big Boi how
@@leilanidru7506 Exactly...exactly
1. Full time job.
2. Investment
3. TH-cam
4. Selling online course
5. Blog and instragram.
this video just sounds like bragging, you're not actually explaining anything.
I just started reading rich dad poor dad today, got home from work and stumbled upon your channel for the first time, this is the 2nd video im watching and I have just invested $9500 into mutual funds last month through a TFSA (Canadian Registered Account) I guess im on the right track :D