How to create multiple streams of passive
income? It is time to boost your income this year.
There has never been a better time or opportunity
in this market to create multiple streams of income
passively. This way you can get money while you sleep, while you're at the
beach, while you're doing whatever it is that
you want to do. It's all possible. I'm going to tell you exactly how to do
it. Let's go.
I'm going to share with you the fastest and easiest way to create
passive income, multiple streams. Again, this is not from you doing
anything, no going to anyone's job, no doing anything,
passive income only. I'm going to share with you some secret ways that you can
copy success or model success so that you do not have to create
anything new to get these sources of income. And then i'm going to share with
you the number one mistake that most people make and why they
never create multiple streams of income but how you
can avoid that. So, passive income. Passive income is money that comes from
activities that you do not have to earn any money. So, most people make money from
what? Going to work, going to a job, doing a service. Those are
definitely things that you can do to make money but those are not considered
passive income. Passive streams of income really should
consist of things like royalties or things that you're selling online that
you don't necessarily have to do anything.
And I'm going to tell you lots of different ways where you can start to
create passive sources of income. But the one
thing that I need you to know and understand before we could ever get
started down this path is that this is not a short-term plan.
This is a long-term plan. I literally add sources of income to my
revenue every single month. There's probably a
new source or stream of revenue added to my business
every single month and i'm continually looking for ways to add
additional streams of passive income to my business.
And basically, once you have a stream of revenue and you have your score
thing that you do, you can start to easily find complementary things that
you do that add in different streams, okay? And
i'm going to tell you exactly how to do it but just know
this is a long term plan. You will continually add in streams of income.
This is not a short term thing that you do. You just create five streams and then
go. No, if you have 5 then you're gonna
add 6, 7, 8 and it will go on into infinity.
You will never stop adding streams of revenue. So, now let's talk about real
estate investing. Real estate investing has been a game-changer has been
life-changing for me. I was able to start investing in real
estate and that is how I became a real estate entrepreneur and a real
estate millionaire. I basically was able to acquire lots of different rental
properties that make me a good income. I've also been able to sell off those
properties year after year. I sell a few of them
and I keep my income well over a million dollars a year all by doing real estate.
But the one thing that is different between just
investing in real estate and buying real estate is thinking like a real estate
investor. As a real estate investor I really
started to focus on things much differently. When I first got into real
estate, I was doing some fixing and flipping. I thought I was a real estate
investor because I was fixing and flipping homes.
Boy, was I wrong? I literally had a full-time job
while I was trying to do some of these fixing flips on the side. And honestly I
didn't know what I was doing. So, when the market crashed in 2009,
I lost everything, ended up bankrupt, foreclosed and in my parent's basement.
So, long story short, I was able to turn that around though by starting to change
my mindset. I ended up getting a real estate coach
that taught me about wholesaling, how to be a problem solver, how to market to
people and how to buy properties better instead
of just going out and finding properties that I thought were good deals or I
found an MLS or real estate agent told me they were a good deal.
He instead told me how to find people that were
having property issues and would sell me their properties for pennies on the
dollar. Basically, that was changing my life
because I thought I needed these great
properties and I needed to go get mortgages and I thought I needed to have
lots of money and great credit in order to do this. But because I didn't
have good credit and I had no money, I had to use what I had which was just
my mind. And with my mind, I used my story. Because I had been through foreclosure, I
was able to easily speak to people that were going through foreclosure
and explain to them the process and how I could help them avoid it all together.
So, this is how I started investing in real estate
and this is how real estate investing can be the key
to your multiple stream of income. Let me tell you how.
So, we're talking about creating multiple streams of income, real estate
investing is an awesome way. Let me tell you how I started and what he taught me.
Because I'm just telling you something that someone taught me.
I did it and you can do it too. He taught me a concept called deal compounding.
So, like I said, when I first started back in real estate investing
as a person with a foreclosure with multiple foreclosures, bankruptcy,
terrible credit, no money ah... Just bad. I didn't have anything I could
really rely on. So, with real estate investing he taught
me deal compounding. He said, "Let's start with wholesaling.
Because you have bad credit and you don't have any money, let's go ahead,
let's target some people that have... you know that are going through
foreclosure. Go ahead and write those contracts and
then let's flip those contracts to other investors
for a fee." He told me how much to charge. I was making $5,000, $10,000
for each of those deals. I couldn't even believe it. Like I said, I
had been fixing and flipping properties before in Atlanta so I thought I knew
what I was doing but the problem is I never knew about
buying properties off-market. I never knew about finding people that
were having issues or how to get those properties at a good deal.
And this is where the multiple streams of income comes in.
Because I started marketing and finding all of these different leads,
not all of them were good for wholesaling, okay?
So, he told me, "Send out letters to people that were behind on their mortgage
payments." So, that's what I did. But many times I would get calls back
and sometimes the people had the money to catch up their mortgage payments
and they needed to be put with a real estate agent because their house was in
good condition, it was fine and they had the money to catch the payments up.
Well, guess what? I was still able to make money off of those deals. I basically
hooked myself up with a real estate agent and they started paying me
marketing fees for all of those people that I sent to them.
Boom! Second stream of income. Let me go and keep going with it.
Then I started getting, you know some deals and I had some money. So, he said.
"Well, why are you still doing wholesaling? Now, you can get into fixing and flipping."
So, then I started fixing and flipping the right way. So, that became a stream of
revenue. Some of the deals I would keep and I would do fix and flips on.
Some of them I continued to wholesale like if I was busy or I didn't have it
or was a house that was going or I already was doing a fix and flip.
I would just wholesale that property and still get my $5,000 to $10,000
fee. I was getting money from real estate agents on the nice houses. And
then I was fixing and flipping houses and I was getting
that money. So, now we have multiple streams of income going.
Let's keep going with this. Then I start getting rental properties.
People really wanted to see what I had done and then people were even asking to
see my fix and flips. So, what did I do? I started putting
together little tours, I rented a van and I would show people my
fix and flips. And people were paying me 500
just to see my properties. But I would share with them, I would tell them
everything. I would tell them how much I paid for, how much the contractor cost,
what the materials I use, I would tell them the mistakes that I made and then
how not to make those mistakes. I would tell them all of the things I did right
and even the things that I did wrong so that they could avoid those same
mistakes and they would be better off because of it.
And it was valuable information for people so they paid me. That was another
stream of income. Again, I'm selling those fixing flips and
I'm gonna make money off of it. And now I have people paying me just to
see them. So, these were just more streams of revenue.
Let me keep going. So, then of course people are asking me to mentor them,
start coaching them. So, then I start coaching people. That's a stream of
revenue. Then I couldn't coach everybody so I
wrote a couple of books. That's a stream of revenue. Then people were like, "Hey why
don't you make videos and go on YouTube?" And I'll tell you,
you're probably watching this on YouTube but I was so reluctant to come to
YouTube. It took me years before I ever made it
put a video out. But now I do... I make lots of content for youtube and guess what? I
get money from that as well. I have a podcast now. I have so many
different streams of revenue. All of the things that I do brings me in
all of these streams of revenue and many of them are done
while I sleep, doesn't require me to do anything
plus I still have my rental properties. Hopefully, you got a lot of great
information. I make sure I shared everything with you all. If you want more
information, I have created a complete free course. It's at
noelsfreetraining.com, there's a link below. Again,
noellesfreetraining.com. It's a full training on my complete
formula on how I invest in real estate, make big profits without losing money.
You can get that course for free at noellesfreetraining.com.
I just want to make sure you have all of the necessary tools resources and
knowledge that you need to be successful. This is Noelle. To your success.