I built 7 Income Streams In 9 Months, Here’s What I Learned

In this video, I want to share with you the percentage breakdown of my income streams, and what I’ve learnt along the way. More videos? Check out this one on How To Invest In Your 20s - https://youtu.be/kMxR2w99_fA

🧑‍🔬 SHARESIGHT (My Portfolio Tracker) — https://www.sharesight.com/au/davidquan/

Got Questions? - Email me at thedavidquan@gmail.com

Timestamp:
0:00 Introduction
0:41 Percentage Breakdown Of My Income Streams
4:25 5 Learnings Building 7 Income Streams
8:38 Conclusion

I re-entered the startup world full time during the pandemic since it was one of those opportunities that’s really hard to say no to.

And this makes up close to 45% of my income.

Personally I think a full-time job is a great place learn a hard skill, be mentored by someone way better, and be challenged to solve tougher and tougher problems.

Because my skill set is in the digital marketing field,

As I got better at my craft, I leveraged my skillset to help other businesses out on SEO, google and facebook ads.

That part, currently makes up approximately 30% of my income stream.

Because there are still a lot of businesses who are very new to the digital world, I had to explain things really simply, and teach them how they should think about things.

Which actually made me better at my day job - since as you become more senior in your day job, your job becomes more of a teacher and is focused around building systems.

There’s a hidden lesson in building these two streams, more on that later in the video.

Income 3-4 (youtube ad revenue + affiliate revenue)

Every couple of years, I like to reinvent myself with a new skillset, preferably something that the world is moving towards.

In doing so, I’d become more employable, and it’s a cheery on top if I can generate additional income out of that.

That skillset was creating videos on YouTube!

YouTube Ad revenue currently make up 13% of my income stream - and this was definitely one of the hardest thing I’ve ever done so far.

It’s hard not because it’s complex, it’s the mental fortitude required to put your heart into a video for the world to judge.

Now if you can get over the fear of creating content, and sharing with the world what you know - it tends to reward you in ways you never expect.

Which leads me to affiliate revenue - which makes up approximately 12% of my income stream.

One thing I want to highlight here is that it was never my intention to make money off YouTube.

I just wanted to reinvent myself and share what I’ve learnt about personal finance and startups with the world.

It just so happened that I created something people like, which gave me an opportunity to create additional streams of income.

Income 5-7 (website, owned product, portfolio income)

My first 4 income streams make up the bulk of my income, but the journey of deepening my skills led me to create my own website, create a patron with additional videos - which again gave me an opportunity to create additional streams of income.

Those 2 make up approx. 1.5% of my income.

And portfolio generated some dividends which is approximately 1% of my income.

There are definitely a few more streams, but they are not substantial enough to talk about.

📸 My Camera & Equipment:
Sony a6400 body - https://amzn.to/2zgNHuW
Sony f4 10-18mm Wide-Angle Zoom Lens - https://amzn.to/2WMnxsO
Rode Lightweight Mic - https://amzn.to/36iwfSN
Neewer 18inch Ring Light - https://amzn.to/3bON2OB

📚 MY TOP INVESTING BOOKS FOR BEGINNERS
1. Rich Dad Poor Dad By Robert Kiyosaki - https://amzn.to/2O2cQ0b
2. Unshakeable By Tony Robbins - https://amzn.to/3e6Qy86
3. One Up On Wall Street By Peter Lynch - https://amzn.to/2Z6Awqp
4. Innovator's Dilemma By Clayton Christensen - https://amzn.to/2Z38dcq
5. Competing Against Luck By Clayton Christensen - https://amzn.to/3f1VbS9
6. Zero To One By Peter Thiel - https://amzn.to/38x0Pcq

Disclaimer: I’m not a financial advisor. The information contained in this video is for educational and entertainment purposes only. Any purchases of stock that I show during the video should not be considered financial advice and you should consult a licensed financial advisor before making any investment decisions. I will not be held liable for any losses incurred for investments or trades that mirror my strategy. Please be careful!

Please note: some of these links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.

Видео I built 7 Income Streams In 9 Months, Here’s What I Learned канала David Quan