1 00:00:00,000 --> 00:00:05,540 Hey everyone, today we're diving deep into a YouTube video about someone who's built 2 00:00:05,540 --> 00:00:08,560 10 different income streams. 3 00:00:08,560 --> 00:00:11,240 It's pretty impressive, it got me thinking. 4 00:00:11,240 --> 00:00:15,880 Not necessarily that we should copy her exactly, but like how could we apply these ideas to 5 00:00:15,880 --> 00:00:19,120 diversify our own income. 6 00:00:19,120 --> 00:00:26,760 So she's earning over $84,000 a month, which is a ton of money, but what really caught 7 00:00:26,760 --> 00:00:30,800 my eye was the variety of ways she's making money. 8 00:00:30,800 --> 00:00:31,800 That's always interesting. 9 00:00:31,800 --> 00:00:32,800 What stood out to you? 10 00:00:32,800 --> 00:00:38,800 I think it's really cool how she's blended the online stuff with real estate, and she's 11 00:00:38,800 --> 00:00:40,480 even using credit card rewards. 12 00:00:40,480 --> 00:00:41,480 How interesting. 13 00:00:41,480 --> 00:00:44,520 Yeah, like squeezing extra cash out of everyday spending. 14 00:00:44,520 --> 00:00:45,600 I like that. 15 00:00:45,600 --> 00:00:48,680 It just shows that income can come from unexpected places. 16 00:00:48,680 --> 00:00:49,680 Absolutely. 17 00:00:49,680 --> 00:00:52,360 Okay, so let's start with something familiar, YouTube. 18 00:00:52,360 --> 00:00:55,640 She's making like $800 to $1,000 a day from ads alone. 19 00:00:55,640 --> 00:00:56,640 Wow. 20 00:00:56,640 --> 00:00:58,000 That's pretty good, right? 21 00:00:58,000 --> 00:00:59,760 But she also mentioned YouTube shorts. 22 00:00:59,760 --> 00:01:00,760 Oh yeah, short. 23 00:01:00,760 --> 00:01:04,080 And how there's potential there, especially for people who maybe don't have like a huge 24 00:01:04,080 --> 00:01:05,080 following yet. 25 00:01:05,080 --> 00:01:06,080 I think that's a big opportunity. 26 00:01:06,080 --> 00:01:07,080 Yeah. 27 00:01:07,080 --> 00:01:08,320 It's like a whole new game on YouTube. 28 00:01:08,320 --> 00:01:09,320 Totally. 29 00:01:09,320 --> 00:01:13,040 She mentioned YouTube's paying up to $10,000 for popular shorts. 30 00:01:13,040 --> 00:01:14,040 Really? 31 00:01:14,040 --> 00:01:15,040 Yeah. 32 00:01:15,040 --> 00:01:19,600 So even if you're just starting out, you know there's potential to earn something. 33 00:01:19,600 --> 00:01:26,880 Have you ever thought about creating videos like YouTube or even TikTok? 34 00:01:26,880 --> 00:01:29,480 You know, I've dabbled a little bit. 35 00:01:29,480 --> 00:01:34,040 But seeing her success makes me think maybe I should give it a real shot. 36 00:01:34,040 --> 00:01:35,040 Me too. 37 00:01:35,040 --> 00:01:37,120 Okay, so let's move on to real estate. 38 00:01:37,120 --> 00:01:39,360 She talked about something called house hacking. 39 00:01:39,360 --> 00:01:42,720 I'll admit, I'm not totally sure what that means. 40 00:01:42,720 --> 00:01:47,560 It's actually a really clever strategy, especially if you want to like lower your housing cost 41 00:01:47,560 --> 00:01:49,880 and build equity at the same time. 42 00:01:49,880 --> 00:01:50,880 How does that work? 43 00:01:50,880 --> 00:01:52,160 Basically, you buy a property, right? 44 00:01:52,160 --> 00:01:53,160 Yeah. 45 00:01:53,160 --> 00:01:54,160 Yeah. 46 00:01:54,160 --> 00:01:55,160 And then rent out a part of it. 47 00:01:55,160 --> 00:01:56,160 Oh, I see. 48 00:01:56,160 --> 00:02:01,680 So she's planning to rent out the basement of her new house for $2,000 a month. 49 00:02:01,680 --> 00:02:02,680 Wow. 50 00:02:02,680 --> 00:02:04,080 So that basically covers her mortgage. 51 00:02:04,080 --> 00:02:05,240 Oh. 52 00:02:05,240 --> 00:02:06,720 Or even makes her a profit. 53 00:02:06,720 --> 00:02:11,560 So it's like turning your living space into an asset that's making you money. 54 00:02:11,560 --> 00:02:12,560 Exactly. 55 00:02:12,560 --> 00:02:13,560 I like that. 56 00:02:13,560 --> 00:02:15,920 And then she said she's turning her current house. 57 00:02:15,920 --> 00:02:16,920 I know. 58 00:02:16,920 --> 00:02:17,920 So that's Airbnb. 59 00:02:17,920 --> 00:02:18,920 So smart. 60 00:02:18,920 --> 00:02:21,000 So that's two real estate income streams right there. 61 00:02:21,000 --> 00:02:25,680 It shows she's thinking ahead, both short term and long term. 62 00:02:25,680 --> 00:02:30,480 House hacking is more of a long term thing while Airbnb can bring in money faster. 63 00:02:30,480 --> 00:02:31,480 That makes sense. 64 00:02:31,480 --> 00:02:36,480 So for someone listening, even if they don't have the money to buy a house right now, maybe 65 00:02:36,480 --> 00:02:38,920 they have a spare room they could rent out. 66 00:02:38,920 --> 00:02:39,920 Exactly. 67 00:02:39,920 --> 00:02:44,640 Or even try that Airbnb arbitrage she talked about where you rent a place specifically 68 00:02:44,640 --> 00:02:46,960 to list on Airbnb. 69 00:02:46,960 --> 00:02:49,960 It really makes you think differently about the space you have. 70 00:02:49,960 --> 00:02:50,960 For sure. 71 00:02:50,960 --> 00:02:51,960 And how to make it work for you. 72 00:02:51,960 --> 00:02:53,440 It's about being resourceful, right? 73 00:02:53,440 --> 00:02:54,440 Totally. 74 00:02:54,440 --> 00:02:58,960 So she also mentioned earning money from credit card rewards around $300 a month. 75 00:02:58,960 --> 00:02:59,960 It's not bad. 76 00:02:59,960 --> 00:03:00,960 Not bad at all. 77 00:03:00,960 --> 00:03:02,640 Especially since it's passive income. 78 00:03:02,640 --> 00:03:03,640 Right. 79 00:03:03,640 --> 00:03:06,160 She's just using credit cards for things she'd be buying anyway. 80 00:03:06,160 --> 00:03:07,160 Exactly. 81 00:03:07,160 --> 00:03:12,600 Some of the cards she mentioned were the Discover Cashback, the City Bubble Cash, and the TD 82 00:03:12,600 --> 00:03:14,800 Cashback Visa Infinite. 83 00:03:14,800 --> 00:03:16,360 Yeah, I've heard of those. 84 00:03:16,360 --> 00:03:18,040 I kind of am intrigued by this. 85 00:03:18,040 --> 00:03:19,040 Yeah. 86 00:03:19,040 --> 00:03:20,040 What's the catch? 87 00:03:20,040 --> 00:03:22,160 The key is you got to use credit cards responsibly. 88 00:03:22,160 --> 00:03:23,160 Okay. 89 00:03:23,160 --> 00:03:24,800 You have to pay off your balances every month. 90 00:03:24,800 --> 00:03:25,800 Right. 91 00:03:25,800 --> 00:03:27,920 Otherwise, the interest will eat up all those rewards. 92 00:03:27,920 --> 00:03:28,920 Got it. 93 00:03:28,920 --> 00:03:31,560 So yeah, it's passive income, but it takes discipline. 94 00:03:31,560 --> 00:03:32,560 Good point. 95 00:03:32,560 --> 00:03:35,440 Okay, let's jump back into the online world. 96 00:03:35,440 --> 00:03:36,440 Okay. 97 00:03:36,440 --> 00:03:39,920 TikTok is making her a cool $5,000 a month. 98 00:03:39,920 --> 00:03:40,920 Wow. 99 00:03:40,920 --> 00:03:45,680 She's using the TikTok Creator Fund, which is kind of like YouTube ads, and then she's 100 00:03:45,680 --> 00:03:48,320 also doing sponsored content. 101 00:03:48,320 --> 00:03:49,320 Brand deals. 102 00:03:49,320 --> 00:03:50,320 Exactly. 103 00:03:50,320 --> 00:03:51,320 That's where the big money is. 104 00:03:51,320 --> 00:03:52,320 Yeah. 105 00:03:52,320 --> 00:03:55,040 She said she even made $5,000 from one sponsored TikTok. 106 00:03:55,040 --> 00:03:56,040 Seriously? 107 00:03:56,040 --> 00:03:57,040 Yeah. 108 00:03:57,040 --> 00:03:59,120 It's crazy what's possible on these platforms. 109 00:03:59,120 --> 00:04:01,440 Yeah, but you got to have a large following. 110 00:04:01,440 --> 00:04:03,440 That's key for sponsored content. 111 00:04:03,440 --> 00:04:04,440 Definitely. 112 00:04:04,440 --> 00:04:07,400 Now, this is where things get really interesting. 113 00:04:07,400 --> 00:04:09,520 Drop shipping with TikTok. 114 00:04:09,520 --> 00:04:12,800 $30,000 a month profit. 115 00:04:12,800 --> 00:04:13,800 What? 116 00:04:13,800 --> 00:04:16,000 I know, right? 117 00:04:16,000 --> 00:04:17,840 It sounds almost too good to be true. 118 00:04:17,840 --> 00:04:18,840 Yeah, for sure. 119 00:04:18,840 --> 00:04:21,000 She explained how it works. 120 00:04:21,000 --> 00:04:26,280 It's all about selling products online, but without having to keep any inventory yourself. 121 00:04:26,280 --> 00:04:27,280 Oh, I see. 122 00:04:27,280 --> 00:04:32,360 So you're basically the middleman between the customer and the supplier, like AliExpress. 123 00:04:32,360 --> 00:04:33,360 I got a clever. 124 00:04:33,360 --> 00:04:34,360 Yeah. 125 00:04:34,360 --> 00:04:37,320 So she's using TikTok to get people to her Shopify store. 126 00:04:37,320 --> 00:04:38,320 I got it. 127 00:04:38,320 --> 00:04:39,800 She's buying the products. 128 00:04:39,800 --> 00:04:44,200 So she's making these TikTok videos, showing off products, getting people excited, and 129 00:04:44,200 --> 00:04:46,640 then they click the link in her bio to buy it. 130 00:04:46,640 --> 00:04:47,640 Makes sense. 131 00:04:47,640 --> 00:04:50,560 She even gave an example of a TikTok account selling air fresheners. 132 00:04:50,560 --> 00:04:51,560 Air fresheners. 133 00:04:51,560 --> 00:04:52,560 I know, right? 134 00:04:52,560 --> 00:04:53,560 Yeah, okay. 135 00:04:53,560 --> 00:04:57,600 But they're making over $10,000 a month just from air fresheners. 136 00:04:57,600 --> 00:04:58,600 It's wild. 137 00:04:58,600 --> 00:04:59,600 That is wild. 138 00:04:59,600 --> 00:05:04,480 It's all about finding the right niche and being creative with your content. 139 00:05:04,480 --> 00:05:05,480 That's the key. 140 00:05:05,480 --> 00:05:07,320 I bet there are some challenges with drop shipping though. 141 00:05:07,320 --> 00:05:08,320 Oh yeah, for sure. 142 00:05:08,320 --> 00:05:09,440 We'll have to get into that later. 143 00:05:09,440 --> 00:05:10,440 Okay. 144 00:05:10,440 --> 00:05:13,680 Now I'm really curious about this property management business she mentioned. 145 00:05:13,680 --> 00:05:14,880 Yeah, that's interesting. 146 00:05:14,880 --> 00:05:18,800 It seems like a good move given how much she's already doing with real estate. 147 00:05:18,800 --> 00:05:19,800 Absolutely. 148 00:05:19,800 --> 00:05:21,880 It's like she's not just relying on the online stuff. 149 00:05:21,880 --> 00:05:22,880 Yeah, sure. 150 00:05:22,880 --> 00:05:24,440 She's building something more stable. 151 00:05:24,440 --> 00:05:25,440 And diversifying. 152 00:05:25,440 --> 00:05:26,440 Exactly. 153 00:05:26,440 --> 00:05:27,440 Okay, on to online courses. 154 00:05:27,440 --> 00:05:28,440 Oh, cool. 155 00:05:28,440 --> 00:05:33,920 She's teaching courses on the stock market and drop shipping and making about $8,000 156 00:05:33,920 --> 00:05:34,920 a month from it. 157 00:05:34,920 --> 00:05:35,920 That's awesome. 158 00:05:35,920 --> 00:05:38,800 She uses a platform called Thinkific to create them. 159 00:05:38,800 --> 00:05:39,800 I've heard of that. 160 00:05:39,800 --> 00:05:40,800 It's pretty cool. 161 00:05:40,800 --> 00:05:43,120 Makes you realize everyone's got something they could teach. 162 00:05:43,120 --> 00:05:44,120 Right. 163 00:05:44,120 --> 00:05:45,120 Like what are you good at? 164 00:05:45,120 --> 00:05:46,120 Yeah, exactly. 165 00:05:46,120 --> 00:05:47,120 What could you teach others? 166 00:05:47,120 --> 00:05:48,120 Yeah. 167 00:05:48,120 --> 00:05:49,720 Okay, now let's talk about the stock market. 168 00:05:49,720 --> 00:05:50,720 Okay. 169 00:05:50,720 --> 00:05:53,680 She's using a buy and hold strategy for long term growth. 170 00:05:53,680 --> 00:05:54,680 Right. 171 00:05:54,680 --> 00:05:56,840 And then she's also investing in dividend stocks. 172 00:05:56,840 --> 00:05:58,480 Dividend stocks? 173 00:05:58,480 --> 00:05:59,480 For passive income? 174 00:05:59,480 --> 00:06:00,480 I love dividends. 175 00:06:00,480 --> 00:06:01,480 I do. 176 00:06:01,480 --> 00:06:04,040 It's like getting paid just for owning a piece of a company. 177 00:06:04,040 --> 00:06:05,040 Exactly. 178 00:06:05,040 --> 00:06:08,280 And then she's investing over $1,000 a month in dividends alone. 179 00:06:08,280 --> 00:06:09,280 Seriously? 180 00:06:09,280 --> 00:06:10,280 Yeah. 181 00:06:10,280 --> 00:06:16,360 Some of her holdings are Coca-Cola, Contana Johnson, Rio Can, Embridge, and some Canadian 182 00:06:16,360 --> 00:06:17,360 bank stocks. 183 00:06:17,360 --> 00:06:18,360 Nice. 184 00:06:18,360 --> 00:06:19,360 Diversified portfolio. 185 00:06:19,360 --> 00:06:20,360 Right. 186 00:06:20,360 --> 00:06:21,360 Yeah, spreading the risk. 187 00:06:21,360 --> 00:06:22,360 Now, last but not least. 188 00:06:22,360 --> 00:06:23,360 What's that? 189 00:06:23,360 --> 00:06:24,360 Affiliate marketing. 190 00:06:24,360 --> 00:06:25,360 Oh, yeah. 191 00:06:25,360 --> 00:06:27,920 It's where you earn commissions for promoting other company's products. 192 00:06:27,920 --> 00:06:28,920 She's scaled back a bit. 193 00:06:28,920 --> 00:06:29,920 Okay. 194 00:06:29,920 --> 00:06:32,360 But she's still making about $10,000 a month from it. 195 00:06:32,360 --> 00:06:33,360 Wow. 196 00:06:33,360 --> 00:06:34,360 I know. 197 00:06:34,360 --> 00:06:38,200 She's been doing her TikTok bio, her YouTube descriptions, even on Pinterest. 198 00:06:38,200 --> 00:06:40,120 So she's got all these little income streams. 199 00:06:40,120 --> 00:06:41,760 Exactly, like a little river system. 200 00:06:41,760 --> 00:06:43,560 Flowing from all these different sources. 201 00:06:43,560 --> 00:06:44,880 I love that analogy. 202 00:06:44,880 --> 00:06:49,040 So she's basically built this multifaceted income ecosystem. 203 00:06:49,040 --> 00:06:50,040 That's a great way to put it. 204 00:06:50,040 --> 00:06:51,040 I know, right? 205 00:06:51,040 --> 00:06:52,560 It's inspiring, you know? 206 00:06:52,560 --> 00:06:53,960 It makes you think it does. 207 00:06:53,960 --> 00:06:58,800 So I guess the question for anyone listening is which of these income streams really speaks 208 00:06:58,800 --> 00:07:02,720 to you and what's one small step you can take this week to explore it? 209 00:07:02,720 --> 00:07:03,720 Great question. 210 00:07:03,720 --> 00:07:06,200 We'll get into more specific strategies in the next part. 211 00:07:06,200 --> 00:07:07,200 Awesome. 212 00:07:07,200 --> 00:07:08,200 Looking forward to it. 213 00:07:08,200 --> 00:07:09,200 So stay tuned. 214 00:07:09,200 --> 00:07:10,200 Oh. 215 00:07:10,200 --> 00:07:11,200 Okay. 216 00:07:11,200 --> 00:07:12,200 So let's take another look at some of these income streams. 217 00:07:12,200 --> 00:07:13,200 Yeah. 218 00:07:13,200 --> 00:07:16,240 I'm really curious about YouTube shorts. 219 00:07:16,240 --> 00:07:17,240 Me too. 220 00:07:17,240 --> 00:07:20,120 It just seems like such a really interesting area right now. 221 00:07:20,120 --> 00:07:21,120 It's so dynamic. 222 00:07:21,120 --> 00:07:22,120 Yeah, exactly. 223 00:07:22,120 --> 00:07:26,520 And I think it's a really good entry point for people who are thinking about creating 224 00:07:26,520 --> 00:07:27,520 content. 225 00:07:27,520 --> 00:07:28,520 Absolutely. 226 00:07:28,520 --> 00:07:35,560 What I think is really interesting is how this creator is using shorts to reach like 227 00:07:35,560 --> 00:07:37,800 a whole new audience. 228 00:07:37,800 --> 00:07:42,080 She's already got her main YouTube channel and then the shorts are bringing in a whole 229 00:07:42,080 --> 00:07:43,560 new group of people. 230 00:07:43,560 --> 00:07:46,120 Like a fresh pool of viewers and subscribers. 231 00:07:46,120 --> 00:07:47,120 Yeah. 232 00:07:47,120 --> 00:07:48,680 And it's so easy to get started. 233 00:07:48,680 --> 00:07:51,040 You don't need fancy equipment or anything. 234 00:07:51,040 --> 00:07:52,040 Finish your phone. 235 00:07:52,040 --> 00:07:53,040 Yeah. 236 00:07:53,040 --> 00:07:54,040 And an idea. 237 00:07:54,040 --> 00:07:56,080 And the fact that YouTube is like paying people. 238 00:07:56,080 --> 00:07:57,080 Yeah. 239 00:07:57,080 --> 00:07:59,120 I don't think the incentives are there. 240 00:07:59,120 --> 00:08:00,120 Yeah. 241 00:08:00,120 --> 00:08:01,120 It's like they're saying, hey, we want more shorts. 242 00:08:01,120 --> 00:08:02,120 Come and play. 243 00:08:02,120 --> 00:08:03,840 We'll even give you some money for it. 244 00:08:03,840 --> 00:08:04,840 Exactly. 245 00:08:04,840 --> 00:08:05,840 It's smart. 246 00:08:05,840 --> 00:08:06,840 It is. 247 00:08:06,840 --> 00:08:07,840 It's good for YouTube. 248 00:08:07,840 --> 00:08:08,840 It's good for creators. 249 00:08:08,840 --> 00:08:09,840 Yeah. 250 00:08:09,840 --> 00:08:12,720 So let's say someone's totally new to creating content. 251 00:08:12,720 --> 00:08:13,720 Yeah. 252 00:08:13,720 --> 00:08:14,720 Yeah. 253 00:08:14,720 --> 00:08:18,720 What advice would you give them for getting started with shorts? 254 00:08:18,720 --> 00:08:23,280 I think, first of all, find something you're actually passionate about. 255 00:08:23,280 --> 00:08:24,280 Holy. 256 00:08:24,280 --> 00:08:25,280 Like don't just chase trends. 257 00:08:25,280 --> 00:08:26,280 Right. 258 00:08:26,280 --> 00:08:27,280 Like, really love. 259 00:08:27,280 --> 00:08:28,640 It's got to be authentic. 260 00:08:28,640 --> 00:08:29,640 Yeah. 261 00:08:29,640 --> 00:08:30,640 Authenticity is key. 262 00:08:30,640 --> 00:08:31,640 Because people can tell. 263 00:08:31,640 --> 00:08:32,640 Oh, they can tell. 264 00:08:32,640 --> 00:08:34,160 If you're not really into it. 265 00:08:34,160 --> 00:08:35,800 It's just not as engaging, you know. 266 00:08:35,800 --> 00:08:36,800 Totally. 267 00:08:36,800 --> 00:08:39,040 So find your passion and then experiment. 268 00:08:39,040 --> 00:08:40,040 Yeah. 269 00:08:40,040 --> 00:08:41,040 Try different formats. 270 00:08:41,040 --> 00:08:42,040 Different styles. 271 00:08:42,040 --> 00:08:43,040 See what works. 272 00:08:43,040 --> 00:08:44,040 Yeah. 273 00:08:44,040 --> 00:08:45,040 Have fun with it. 274 00:08:45,040 --> 00:08:46,040 Exactly. 275 00:08:46,040 --> 00:08:47,040 And of course, be consistent. 276 00:08:47,040 --> 00:08:48,040 Oh, consistency. 277 00:08:48,040 --> 00:08:49,040 Yeah. 278 00:08:49,040 --> 00:08:50,040 It's so important. 279 00:08:50,040 --> 00:08:51,040 It's like with anything. 280 00:08:51,040 --> 00:08:52,040 Right. 281 00:08:52,040 --> 00:08:53,040 The more you do it. 282 00:08:53,040 --> 00:08:54,040 The better you get. 283 00:08:54,040 --> 00:08:55,040 Yeah. 284 00:08:55,040 --> 00:08:56,040 And the more people will see it. 285 00:08:56,040 --> 00:08:57,040 So, I'm going to start with a couple of questions for a second. 286 00:08:57,040 --> 00:08:58,040 Okay. 287 00:08:58,040 --> 00:08:59,520 Let's talk about dropshipping with TikTok. 288 00:08:59,520 --> 00:09:00,520 Right. 289 00:09:00,520 --> 00:09:02,880 Those profit numbers were pretty mind blowing. 290 00:09:02,880 --> 00:09:04,720 $30,000 a month. 291 00:09:04,720 --> 00:09:06,680 Like, how is that even possible? 292 00:09:06,680 --> 00:09:07,680 Right. 293 00:09:07,680 --> 00:09:08,680 So, let's break it down. 294 00:09:08,680 --> 00:09:09,880 Like, how is she actually doing this? 295 00:09:09,880 --> 00:09:12,400 Well, she's really smart about how she's using TikTok. 296 00:09:12,400 --> 00:09:13,400 Okay. 297 00:09:13,400 --> 00:09:16,040 So, she's got a separate account just for her dropshipping business. 298 00:09:16,040 --> 00:09:17,040 Okay. 299 00:09:17,040 --> 00:09:18,720 And then she links to her Shopify store. 300 00:09:18,720 --> 00:09:19,720 Right in her bio. 301 00:09:19,720 --> 00:09:20,720 Right in the bio. 302 00:09:20,720 --> 00:09:21,720 Yeah. 303 00:09:21,720 --> 00:09:22,720 And then the content she's making. 304 00:09:22,720 --> 00:09:23,720 Yeah. 305 00:09:23,720 --> 00:09:25,280 It's all about showcasing those products. 306 00:09:25,280 --> 00:09:27,640 So, it's like fun videos. 307 00:09:27,640 --> 00:09:28,640 Yeah. 308 00:09:28,640 --> 00:09:29,640 Fun engaging. 309 00:09:29,640 --> 00:09:31,720 That get people excited about the products. 310 00:09:31,720 --> 00:09:32,720 Exactly. 311 00:09:32,720 --> 00:09:34,440 Like that example with the air freshener account. 312 00:09:34,440 --> 00:09:35,440 Oh, yeah. 313 00:09:35,440 --> 00:09:36,440 Air freshener. 314 00:09:36,440 --> 00:09:37,440 Making over $10,000 a month. 315 00:09:37,440 --> 00:09:38,440 That's insane. 316 00:09:38,440 --> 00:09:39,440 Just from air fresheners. 317 00:09:39,440 --> 00:09:41,280 Who'd have thought? 318 00:09:41,280 --> 00:09:45,880 It's all about, like you said, finding your niche and being creative with your content. 319 00:09:45,880 --> 00:09:46,880 Absolutely. 320 00:09:46,880 --> 00:09:49,720 But I have to imagine there are some challenges with dropshipping too. 321 00:09:49,720 --> 00:09:50,720 Oh, yeah. 322 00:09:50,720 --> 00:09:51,720 Definitely. 323 00:09:51,720 --> 00:09:52,720 What do you think some of those might be? 324 00:09:52,720 --> 00:09:55,600 Well, I think finding good suppliers is huge. 325 00:09:55,600 --> 00:09:56,600 Oh, yeah. 326 00:09:56,600 --> 00:10:02,000 You don't want to be selling junk or have really long shipping time. 327 00:10:02,000 --> 00:10:03,000 That would be a night. 328 00:10:03,000 --> 00:10:04,520 A total nightmare. 329 00:10:04,520 --> 00:10:06,600 And then choosing the right products. 330 00:10:06,600 --> 00:10:07,600 Oh, yeah. 331 00:10:07,600 --> 00:10:08,600 What to sell. 332 00:10:08,600 --> 00:10:09,600 What to sell. 333 00:10:09,600 --> 00:10:10,600 There's so much competition. 334 00:10:10,600 --> 00:10:11,600 There is. 335 00:10:11,600 --> 00:10:12,600 You got to find something that people actually want. 336 00:10:12,600 --> 00:10:13,600 Right. 337 00:10:13,600 --> 00:10:14,600 And that you can market effectively. 338 00:10:14,600 --> 00:10:15,600 Makes sense. 339 00:10:15,600 --> 00:10:17,600 And then customer service. 340 00:10:17,600 --> 00:10:18,840 Oh, right. 341 00:10:18,840 --> 00:10:19,840 That's so important. 342 00:10:19,840 --> 00:10:21,720 Even though you're not the one shipping the products. 343 00:10:21,720 --> 00:10:22,720 Exactly. 344 00:10:22,720 --> 00:10:24,120 You're still the face of the business. 345 00:10:24,120 --> 00:10:25,120 You're responsible. 346 00:10:25,120 --> 00:10:27,200 You got to make sure people have a good experience. 347 00:10:27,200 --> 00:10:28,200 Makes sense. 348 00:10:28,200 --> 00:10:31,800 Okay, let's move on to something else that I'm really excited about. 349 00:10:31,800 --> 00:10:32,800 What's that? 350 00:10:32,800 --> 00:10:33,800 Online courses. 351 00:10:33,800 --> 00:10:34,800 Oh, yeah. 352 00:10:34,800 --> 00:10:37,160 I love online courses. 353 00:10:37,160 --> 00:10:38,160 Me too. 354 00:10:38,160 --> 00:10:40,000 I've taken so many. 355 00:10:40,000 --> 00:10:41,200 They're just so convenient. 356 00:10:41,200 --> 00:10:42,200 And you can learn anything. 357 00:10:42,200 --> 00:10:43,200 Anything. 358 00:10:43,200 --> 00:10:44,200 From anywhere. 359 00:10:44,200 --> 00:10:45,200 At your own pace. 360 00:10:45,200 --> 00:10:46,200 Yeah. 361 00:10:46,200 --> 00:10:47,200 It's amazing. 362 00:10:47,200 --> 00:10:49,600 But it's also cool to think about creating your own courses. 363 00:10:49,600 --> 00:10:50,600 Oh, totally. 364 00:10:50,600 --> 00:10:51,600 And selling them. 365 00:10:51,600 --> 00:10:52,600 You know. 366 00:10:52,600 --> 00:10:53,600 Yeah. 367 00:10:53,600 --> 00:10:54,600 What are you good at? 368 00:10:54,600 --> 00:10:55,600 What could you teach other people? 369 00:10:55,600 --> 00:10:56,600 There's something. 370 00:10:56,600 --> 00:10:57,600 Yeah. 371 00:10:57,600 --> 00:10:58,600 Everyone has something. 372 00:10:58,600 --> 00:11:00,560 You just have to figure out what that thing is. 373 00:11:00,560 --> 00:11:02,000 And then how to teach it. 374 00:11:02,000 --> 00:11:03,000 Yeah. 375 00:11:03,000 --> 00:11:04,000 And how to make it engaging. 376 00:11:04,000 --> 00:11:05,000 Right. 377 00:11:05,000 --> 00:11:06,000 Break it down into modules. 378 00:11:06,000 --> 00:11:07,000 Create videos. 379 00:11:07,000 --> 00:11:08,000 Quizzes. 380 00:11:08,000 --> 00:11:09,000 Make it fun. 381 00:11:09,000 --> 00:11:10,000 Exactly. 382 00:11:10,000 --> 00:11:12,000 And then you got to choose the right platform. 383 00:11:12,000 --> 00:11:13,000 Oh, yeah. 384 00:11:13,000 --> 00:11:14,840 Like she mentioned using Thinkific. 385 00:11:14,840 --> 00:11:15,840 Right. 386 00:11:15,840 --> 00:11:16,840 Thinkific. 387 00:11:16,840 --> 00:11:17,840 What do you think about that? 388 00:11:17,840 --> 00:11:19,080 I think it's a great platform. 389 00:11:19,080 --> 00:11:20,080 Yeah. 390 00:11:20,080 --> 00:11:21,080 Easy to use. 391 00:11:21,080 --> 00:11:22,080 Lots of features. 392 00:11:22,080 --> 00:11:24,080 And it makes it easy to sell your courses. 393 00:11:24,080 --> 00:11:25,080 Exactly. 394 00:11:25,080 --> 00:11:26,360 And don't forget about community. 395 00:11:26,360 --> 00:11:27,560 Oh, yeah. 396 00:11:27,560 --> 00:11:29,080 Build a community around your course. 397 00:11:29,080 --> 00:11:30,560 How do you do that? 398 00:11:30,560 --> 00:11:31,560 Create a Facebook group. 399 00:11:31,560 --> 00:11:32,560 Oh, okay. 400 00:11:32,560 --> 00:11:33,560 Or a forum. 401 00:11:33,560 --> 00:11:34,560 So people can connect. 402 00:11:34,560 --> 00:11:35,560 Yeah. 403 00:11:35,560 --> 00:11:36,560 Connect. 404 00:11:36,560 --> 00:11:37,560 Ask questions. 405 00:11:37,560 --> 00:11:38,560 Support each other. 406 00:11:38,560 --> 00:11:39,560 I love that. 407 00:11:39,560 --> 00:11:40,560 It's so important. 408 00:11:40,560 --> 00:11:42,040 It makes the whole experience better. 409 00:11:42,040 --> 00:11:43,040 Way better. 410 00:11:43,040 --> 00:11:44,040 Okay. 411 00:11:44,040 --> 00:11:45,040 Before we wrap up this part. 412 00:11:45,040 --> 00:11:46,040 Yeah. 413 00:11:46,040 --> 00:11:47,040 I want to talk about something we've touched on a few times. 414 00:11:47,040 --> 00:11:48,040 What's that? 415 00:11:48,040 --> 00:11:49,040 Diversification. 416 00:11:49,040 --> 00:11:50,040 Oh, yeah. 417 00:11:50,040 --> 00:11:51,040 Super important. 418 00:11:51,040 --> 00:11:52,040 I think it's creator. 419 00:11:52,040 --> 00:11:53,040 Yeah. 420 00:11:53,040 --> 00:11:54,280 She's not just doing one thing. 421 00:11:54,280 --> 00:11:55,280 Right. 422 00:11:55,280 --> 00:11:57,160 She's got income coming from everywhere. 423 00:11:57,160 --> 00:11:59,160 It's like a safety net. 424 00:11:59,160 --> 00:12:00,360 Exactly. 425 00:12:00,360 --> 00:12:04,520 If one thing fails, you've got others to fall back on. 426 00:12:04,520 --> 00:12:05,520 It's smart. 427 00:12:05,520 --> 00:12:06,520 So smart. 428 00:12:06,520 --> 00:12:08,080 And it's not just about the money either. 429 00:12:08,080 --> 00:12:09,160 Oh, what do you mean? 430 00:12:09,160 --> 00:12:10,160 It's about freedom. 431 00:12:10,160 --> 00:12:11,160 Okay. 432 00:12:11,160 --> 00:12:12,160 Flexibility. 433 00:12:12,160 --> 00:12:13,160 Yeah. 434 00:12:13,160 --> 00:12:14,160 Like you're not tied to one job. 435 00:12:14,160 --> 00:12:15,160 Right. 436 00:12:15,160 --> 00:12:16,160 You can create a life that you actually enjoy. 437 00:12:16,160 --> 00:12:18,040 I love that. 438 00:12:18,040 --> 00:12:19,040 So to sum it up. 439 00:12:19,040 --> 00:12:20,040 Okay. 440 00:12:20,040 --> 00:12:21,200 Let's explore new things. 441 00:12:21,200 --> 00:12:22,440 Like YouTube shorts? 442 00:12:22,440 --> 00:12:23,940 Yes. 443 00:12:23,940 --> 00:12:25,840 Try drop shipping. 444 00:12:25,840 --> 00:12:27,040 Create online courses. 445 00:12:27,040 --> 00:12:28,040 Yeah. 446 00:12:28,040 --> 00:12:29,040 And diversify your income. 447 00:12:29,040 --> 00:12:30,040 Diversify. 448 00:12:30,040 --> 00:12:31,040 It's so important. 449 00:12:31,040 --> 00:12:32,040 Great advice. 450 00:12:32,040 --> 00:12:33,040 Thanks. 451 00:12:33,040 --> 00:12:34,040 You ready for the last part? 452 00:12:34,040 --> 00:12:35,040 Absolutely. 453 00:12:35,040 --> 00:12:36,040 Let's do it. 454 00:12:36,040 --> 00:12:37,040 All right. 455 00:12:37,040 --> 00:12:39,520 So for this last part, let's talk about something that can bring in money now and later. 456 00:12:39,520 --> 00:12:40,520 Ooh. 457 00:12:40,520 --> 00:12:41,520 I like the sound of that. 458 00:12:41,520 --> 00:12:42,520 The stock market. 459 00:12:42,520 --> 00:12:43,520 Okay. 460 00:12:43,520 --> 00:12:47,240 I'm really fascinated by how she's using dividend stocks. 461 00:12:47,240 --> 00:12:48,240 Yeah. 462 00:12:48,240 --> 00:12:49,240 Dividend stocks. 463 00:12:49,240 --> 00:12:51,960 It's like a strategy that a lot of people forget about. 464 00:12:51,960 --> 00:12:52,960 It's true. 465 00:12:52,960 --> 00:12:55,960 You don't hear about it as much as like, you know, just buying and selling stocks. 466 00:12:55,960 --> 00:12:57,920 But it can be really powerful. 467 00:12:57,920 --> 00:12:58,920 Yeah. 468 00:12:58,920 --> 00:13:02,040 And she's making over $1,000 a month just from dividends. 469 00:13:02,040 --> 00:13:03,240 That's passive income right there. 470 00:13:03,240 --> 00:13:04,240 It is. 471 00:13:04,240 --> 00:13:06,040 And she's got some good companies in her portfolio too. 472 00:13:06,040 --> 00:13:07,040 Oh yeah. 473 00:13:07,040 --> 00:13:08,040 Like what? 474 00:13:08,040 --> 00:13:09,040 Well, she mentioned Coca-Cola. 475 00:13:09,040 --> 00:13:10,040 It's all there. 476 00:13:10,040 --> 00:13:11,040 Johnson and Johnson. 477 00:13:11,040 --> 00:13:12,040 I think that's a can of said. 478 00:13:12,040 --> 00:13:13,040 Rio Can, Enbridge. 479 00:13:13,040 --> 00:13:14,040 Okay. 480 00:13:14,040 --> 00:13:15,840 And then a few Canadian bank stocks. 481 00:13:15,840 --> 00:13:16,840 Makes sense. 482 00:13:16,840 --> 00:13:17,840 It's a good mix, right? 483 00:13:17,840 --> 00:13:18,840 Yeah. 484 00:13:18,840 --> 00:13:19,840 It's super important. 485 00:13:19,840 --> 00:13:20,840 Super important. 486 00:13:20,840 --> 00:13:26,720 So for someone who's like brand new to investing, dividend stocks might seem kind of scary. 487 00:13:26,720 --> 00:13:28,760 I get it. 488 00:13:28,760 --> 00:13:30,240 Where do you even begin? 489 00:13:30,240 --> 00:13:32,040 I think the most important thing is knowledge. 490 00:13:32,040 --> 00:13:33,040 Okay. 491 00:13:33,040 --> 00:13:34,040 Do your research. 492 00:13:34,040 --> 00:13:37,800 Understand what dividend stocks are, how they work, the risks, the rewards, all of it. 493 00:13:37,800 --> 00:13:40,360 So don't just blindly follow what someone else is doing. 494 00:13:40,360 --> 00:13:41,360 Yeah. 495 00:13:41,360 --> 00:13:42,360 Clearly. 496 00:13:42,360 --> 00:13:43,360 It's your money. 497 00:13:43,360 --> 00:13:44,360 Right. 498 00:13:44,360 --> 00:13:45,360 You got to be comfortable with the choices you're making. 499 00:13:45,360 --> 00:13:46,360 Makes sense. 500 00:13:46,360 --> 00:13:52,600 The other point is look for companies that have a history of paying dividends consistently, 501 00:13:52,600 --> 00:13:57,160 strong financials, and a business model that you understand. 502 00:13:57,160 --> 00:13:58,160 That makes sense. 503 00:13:58,160 --> 00:14:05,880 So she said that Kraft Haynes is paying her like 3.64% annually. 504 00:14:05,880 --> 00:14:09,760 Is that a normal return for a dividend stock? 505 00:14:09,760 --> 00:14:13,560 It really depends on the company, the industry, all sorts of things. 506 00:14:13,560 --> 00:14:15,440 So 3.64% is. 507 00:14:15,440 --> 00:14:16,440 That's decent. 508 00:14:16,440 --> 00:14:17,440 Okay. 509 00:14:17,440 --> 00:14:20,880 But you can't just assume that every stock will perform the same. 510 00:14:20,880 --> 00:14:21,880 Right. 511 00:14:21,880 --> 00:14:23,360 That's why diversification is so important. 512 00:14:23,360 --> 00:14:24,360 Exactly. 513 00:14:24,360 --> 00:14:25,360 And don't forget about compounding. 514 00:14:25,360 --> 00:14:26,360 Oh, yeah. 515 00:14:26,360 --> 00:14:27,360 Compounding. 516 00:14:27,360 --> 00:14:28,360 That's where the magic happens. 517 00:14:28,360 --> 00:14:29,360 Like a snowball. 518 00:14:29,360 --> 00:14:30,360 Yeah. 519 00:14:30,360 --> 00:14:31,360 It just keeps getting bigger and bigger. 520 00:14:31,360 --> 00:14:32,360 You reinvest those dividends. 521 00:14:32,360 --> 00:14:33,360 Buy more shares. 522 00:14:33,360 --> 00:14:34,720 More shares, more dividends. 523 00:14:34,720 --> 00:14:35,720 It's awesome. 524 00:14:35,720 --> 00:14:36,720 Okay. 525 00:14:36,720 --> 00:14:38,000 Before we wrap up the whole shebang. 526 00:14:38,000 --> 00:14:39,000 Yes. 527 00:14:39,000 --> 00:14:40,720 I want to go back to something we talked about a lot today. 528 00:14:40,720 --> 00:14:41,720 What's that? 529 00:14:41,720 --> 00:14:43,120 Multiple income streams. 530 00:14:43,120 --> 00:14:44,120 Oh, yeah. 531 00:14:44,120 --> 00:14:46,360 Even if you're investing in the stock market. 532 00:14:46,360 --> 00:14:47,360 Right. 533 00:14:47,360 --> 00:14:50,240 You shouldn't rely on that as your only income. 534 00:14:50,240 --> 00:14:51,240 Exactly. 535 00:14:51,240 --> 00:14:52,240 It's all about balance. 536 00:14:52,240 --> 00:14:54,000 So it's not just about building wealth. 537 00:14:54,000 --> 00:14:55,000 No. 538 00:14:55,000 --> 00:14:59,480 It's about creating a life where you have options. 539 00:14:59,480 --> 00:15:00,720 Options, freedom. 540 00:15:00,720 --> 00:15:01,720 Yeah. 541 00:15:01,720 --> 00:15:02,720 You're not stuck. 542 00:15:02,720 --> 00:15:03,720 Exactly. 543 00:15:03,720 --> 00:15:04,720 You're in control. 544 00:15:04,720 --> 00:15:05,720 That's a good feeling. 545 00:15:05,720 --> 00:15:06,720 It is. 546 00:15:06,720 --> 00:15:07,880 So we've covered a lot today. 547 00:15:07,880 --> 00:15:08,880 We have. 548 00:15:08,880 --> 00:15:09,880 YouTube shorts. 549 00:15:09,880 --> 00:15:10,880 Mm-hmm. 550 00:15:10,880 --> 00:15:11,880 Real estate. 551 00:15:11,880 --> 00:15:12,880 Dropshipping. 552 00:15:12,880 --> 00:15:13,880 Online courses. 553 00:15:13,880 --> 00:15:14,880 Dividend stops. 554 00:15:14,880 --> 00:15:17,160 Even credit card rewards. 555 00:15:17,160 --> 00:15:19,520 It's amazing all the different ways you can make money. 556 00:15:19,520 --> 00:15:20,520 It is. 557 00:15:20,520 --> 00:15:23,400 The key takeaway, I think, is not to copy her exactly. 558 00:15:23,400 --> 00:15:24,400 Right. 559 00:15:24,400 --> 00:15:25,400 But to be ensired. 560 00:15:25,400 --> 00:15:26,400 Yeah. 561 00:15:26,400 --> 00:15:27,400 To get creative. 562 00:15:27,400 --> 00:15:28,400 Think outside the box. 563 00:15:28,400 --> 00:15:30,240 Don't be afraid to try new things. 564 00:15:30,240 --> 00:15:31,240 Exactly. 565 00:15:31,240 --> 00:15:32,240 And start small. 566 00:15:32,240 --> 00:15:33,240 Yeah. 567 00:15:33,240 --> 00:15:34,240 You don't have to do everything at once. 568 00:15:34,240 --> 00:15:35,240 One step at a time. 569 00:15:35,240 --> 00:15:36,240 The insistency is key. 570 00:15:36,240 --> 00:15:37,240 Yeah. 571 00:15:37,240 --> 00:15:38,240 Absolutely. 572 00:15:38,240 --> 00:15:40,000 So I guess the message here is you have the power. 573 00:15:40,000 --> 00:15:41,280 To create the life you want. 574 00:15:41,280 --> 00:15:42,520 I love that. 575 00:15:42,520 --> 00:15:44,200 Thank you so much for joining us today. 576 00:15:44,200 --> 00:15:45,280 It's been a pleasure. 577 00:15:45,280 --> 00:15:47,240 We hope you've enjoyed this deep dive. 578 00:15:47,240 --> 00:15:49,760 Into the world of multiple income streams. 579 00:15:49,760 --> 00:15:52,560 And that you feel inspired to take action. 580 00:15:52,560 --> 00:15:54,680 Go out there and make it happen. 581 00:15:54,680 --> 00:16:13,360 Until next time.