How I Achieved 5 Streams of Income at 24 | Explaining the 7 Streams of Income | xoreni
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- čas přidán 1. 08. 2024
- Having one stream of income is great, but to acquire wealth that will outlive you, you need passive streams of income that don't require your energy. In this video, I'm sharing my journey to achieving 5 streams of income by the age of 24. Having multiple streams of income is essential for building long-term wealth, and I explain the 7 streams of income that you can leverage to achieve financial independence. I break down each stream of income and share actionable tips on how to get started on your own journey toward financial freedom.
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CHAPTERS
0:00 Intro
1:32 Earned Income
2:53 Profit Income
4:44 Interest Income
6:06 Capital Gains
7:52 Dividend Income
9:25 Rental Income
11:11 Royalty Income
How I Achieved 5 Streams of Income at 24 | Explaining the 7 Streams of Income | xoreni
How many streams of income do you have?
Under the categories I have a few types as well but that would’ve made the video too long.
For example:
Earned
- Full time job
- CZcams
- Affiliate links
- Photography
- Speaking gigs
3 streams 😊
@@dk9799 killing it!!
5 so far 🤗 Let's all keep growing!
@@jtbiz3900 amazing 🤩
Mind if I ask what affiliate links you ascribe to?
This channel should have a million subscribers! I have said this before. THANK YOU FOR INSPIRING US RENI! I hope a lot of people implement the content of this video and not just watch. Never seen anyone teaching people how to get rich for free.
Anyways I have 1 steam of income, but will definitely increase after watching this! ♥️👏👏👏
Thank you Toni!!! 🥺 can’t wait for you to have 7 streams 💃🏾
I have three! My job, an interest account , and my parents 🙂.
Parents 🤣
@@xoReni Ohh yes! hahaha
Samee
dang sis.. this video is showing me i only have 1 stream of income. time to level up
You got this!!
Wow, I've actually never heard any break down all the different streams of income! This was such an informative video, and I didn't even realize I have 4 streams of income! also the bouncy castle rental business is genius haha
Yesss girl, 4 streams you’re killing it!! I know right? When he told me I was shook cause I never thought of it ☺️
I currently have about 5 streams of income.
1. Google Adsense via my CZcams channel
2. Sponsorships from companies I advertise
3. Affiliate from the products I recommend
4. Reselling items online that I'm gifted to advertise but don't need
5. An interest savings account 👏🏽
I really need to get into investing into assets, stocks etc and I would also love to buy my own property to rent. The future is bright
Well done 🙌🏾🙌🏾
I have 2 but the goal for now is 7. Informative as always!
7 soon come 😎 thanks for watching!!
Fantastic and insightful video. I currently only have 1 stream of income and would like to have at least 4. I am very interested in Rental, Royalty and Profit Income. Thank you for this video.
You can definitely do it!! Royalty income is my goal 🤩
Awesome info Reni........Thank you
I have about 6, the 7th its on the way.
Viewers probably says, how do i know what business to do?....Well look at your City, Country or what you are passionate about, giftings are inside of you.....what problems can you solve ?. Thats a business right there for you.
Thank you sir! Wow 7 🤩🤩 that is amazing.
Yes! It is all about the value you can offer to the world.
CZcams needs to explain why I didn't get notified about this posting. I have post notification turned on 😪
Great video! Yes to multiple income streams!
We need to have a talk with CZcams 😤
Love this Reni! Very informative
Thank you Sylvia! 🥰
Quite an informative video, thanks for sharing. Great breakdown of all the streams on income. Working towards reaching 3!
Thank you Ana! You’ve got this 🥳
Somehow this video gingered me lot and changed my life and perception about money. Thank you Reni ♥️🙏🏾
You're so welcome! Im happy to hear that 🌹
I love your finance videos. You always explain everything so nicely and make it easy for everyone to understand. Loved this one.
Thank you lovely!
This was superrrr informative, thank you!!!
Thank YOU for watching 🥰
This was super helpful! I’m a newbie to alternative forms of income besides earned income. Thanks for this clear breakdown 🙏
My pleasure 🤗
Thanks so much for this video! I currently have 2 streams of income and I want to get it up to 5 soon!
You’ve got this 🙌🏾 thank you for your support Mirabelle!
Great video, I saw you're post in the Toronto group!
Thank you so much! ☺️
In very proud of you. Thanks for the information, cheers!
Thank you so much!
Hi Reni, great video ! Very inspirational. Gives me motivation to invest even more.
Thanks for the details insights !
Thank you Charlène 🤗
Thanks for making this Reni! Very informative.
I think a video on HISA accounts would be interesting as well. And perhaps one on how to cultivate the habit of saving/living below your means.
Great idea Joy! Equitable bank has a great one right now but I will definitely make those videos. Thank you for watching 🤗
thanks for sharing, this is so informative!! i currently have three, looking to get 5-6 streams
Thank you so much for watching Chinenye! 3 is amazing 🥳🥳🥳
Thank you so much for this advice because I’ve been looking into this forms but never understood them
Thank you for watching Divine! Xx
Yes, please! I would love to see more about high interest savings accounts
Coming up soon! Thank you for watching 🥰
Video is now live! czcams.com/video/8OpzP8ENvfE/video.html 💛
Great content...yes please share about your recommendations on high interest saving accounts......... passive income is #1 thanks for sharing and hats of you for having 7 streams at the age of 24 👌🏾👌🏾 Brilliant!!
Thank you 🤎🤎 equitable bank has a great one but yes I will make a video shortly
Thanks Reni! Luckily I have another week before I'm 24 to match your # of income streams :D
Better start making those videos!!!
Nice video Reni, Thanks for the tips. Now waiting on your video about High interest Savings accounts and your recommendations.
Thank you Joanne! 😊 I just recorded it today and will post next week
Hi Joanne, the video is now live! czcams.com/video/8OpzP8ENvfE/video.html
damn sis thank you for this content!! definitely what I needed to hear. i've written down that bouncy castle idea haha
Haha love it! Thanks for watching :)
Great video!
Thank you Bonnie 😊
Amazing Content...Thank you Reni
I'm currently on 3 streams of income but the goal is to be at 7&upwards God willing
That bouncy castle is a sick idea lol
Thank you!! Isn’t it such a good idea?!?! My mind was blown when he told me 🤯
Thank you for sharing! I’m all about the multiple streams of income girl! Hence my passion for side hustling lol I currently have 3 profitable streams of income with another 1 in the pipe to be rolled out in the next month and another 1 after that to be built up over the next 3-6 months.
Retirement by 40 is definitely happening for you 🙌🏾
Very Educative, thanks Reni
Thank you Justina 😊
Just found you on TikTok. You have some great content! Subbed 😊
Thank you 🩷
Very insightful thanks a lot
Thanks for watching 🥰
Amazing video Reni! Would love to watch the high interest savings accounts video :)
Thank you Michael 🤗 I will make that ASAP!! If you’re looking now, Equitable bank has a great one ☺️
Video is now live! czcams.com/video/8OpzP8ENvfE/video.html 🤗
Your friend with the bouncy castle is a genius!
Truly innovative
First vid I saw on this channel was about skincare hahaha, now I'm learning about making mula, yay.
You're providing valuable content for free and by that you'll simply continue to flourish and be blessed! Thanks for all the great tips. Excellent vid!
Haha I’m so happy that I can add value to you 💛
Reni, you are a gift😭
Dami you’re too sweet 😭🤎
Amazing video!! Soo insightful loaded with quality content! And you explained everything so well! Really sharpening my understanding! 🙏🏾🙏🏾
Loved the camera quality and background!! Keep doing you Queen! You are amazing!
I currently have 4 strands of income and working on the 5th! Thank you for the inspiration!
Thank you so much Shamaia 🥺💛 I appreciate that and congratulations on your 4 streams, that is amazing!!
Super helpful!
Thank you 🙏🏾
Thanks for this video...It's really helpful..Thanks MENTOR
My pleasure!!
Wow. It's been a min. Missed you
Had to take some time off with End Sars & the election but I’m back now! 😭 thanks for coming back 🤎
@@xoReni yeah. I felt that girl. It was a rough time. Welcome back mami
Great video! Nice to see other young black people inspiring others to build wealth 😊
Thank you ☺️
I currently have 1 but working on 2 more. This was so helpful 🌹.
Glad to hear that. Thank you for watching 😊
I have 3 going to 4 by God's grace
You are doing so well 🥳🥳🥳
Thanks reni for this.really informative... I have only 3 streams of income but I'm seriously working hard to make it 7 to 10..
Still on a research about stocks..
You can do it!! Let me know if you have any questions😊
You're so awesome Reni
Thank you 🤗
This was really good and very helpful !! I have 3 incomes but would like to increase my stock income and I would love to have several more streams of income.. thank you for this, you definitely introduced me new forms of income
I’m so glad it was helpful!! If you need any help with stocks please let me know 💛
@@xoReni hello I need to learn about stock help a sis ☺️🥰
@@mariamdiallo1874 I have videos about it ☺️
God bless you!!!!! 🥰
And you! 🤎
Great insight
Thank you!
Very Informative! I would love a video on the best high-interest savings accounts here.
Will do!! I just saw an amazing one with equitable bank, dm me on ig and I’ll send you the details 🤗
@@xoReni okay great! Thank you.
Video is now live! czcams.com/video/8OpzP8ENvfE/video.html 💛
I have 1 and I want to have 5!
You can do it!! 🥳
This video was super informative hun. I currently have only 2 streams of income but I really wanna acquire more, especially stocks and rental so thanks for your sharing 🤎
Let me know if you have any questions about stocks 💛💛💛
@@xoReni yes how do I even start?
@@maryb868 this video should be helpful czcams.com/video/jxoNmsqT0dU/video.html💛
@@xoReni bless you! Thanks hun 🤎
Notification gang
Ayeeee 💃🏾💃🏾💃🏾
I have three 🥳 I’m also planning on acquiring dividend stocks this year so that’ll be four.
Yassss 🙌🏾🙌🏾 love to see it
I only have one form of income BUT I am working on changing that! I found your channel on the Toronto Black Community FB group. I sent you a message on facebook so we can chat about my second stream of income! It's a lifestyle topic aimed at changing or disrupting the dating game - finally there is something for single. Looking forward to chatting!- Jelaine
Hope to see streams of income coming your way!
Other examples of royalty income models: NoFrills. Notice how each NoFrills has a name of person like Ari’s NoFrills
Yes!! A great model 🤩
Can you make one on the high interest/investment savings please??
You can watch it here: czcams.com/video/8OpzP8ENvfE/video.html
thanks
For now I have one source of income, I'm learning about one I'm going to start, and a third that I'll start once I get my car
Love that!
I would like to know more about that high interest savings account
Check this video out ☺️ czcams.com/video/IhEk2MGwM_w/video.html
I got 3
E-transfer me $100 or you’re lying
So I honestly didn't give much thought to my streams of income but here goes..
1. Full time income
2. My private practice (part time)
3. Bank accounts
4. Stocks
5. Dividends- nothing to write home about here
6. House
I would love to sleep and my money makes money. I'm too lazy (okay more like tired) for this earned income life lol
Now, any suggestions about good stocks to buy now?
I will look into more banks for more dividends.
I like that bouncing castle idea..hmm🤔
I’m too lazy for more earned income too 😂 I would stay away from the banks as their growth is pretty slow - Microsoft and Apple have better dividends and growth.
Some companies to check out are Amazon, Pinterest, okta, big commerce, focusing, Shopify, datadog, square
@@xoReni can someone in Nigeria invest with Microsoft and apple
@@abiamichael2099 yes you can! You just need to open an investment account
@@xoReni how do I open an investment account. New subscriber here
@@onyenwelynda1443 if you’re in Canada I have a video on it! czcams.com/video/aV99aAYN9R0/video.html
Pls, I do want a video on high yield savings account!!!
Here you go! czcams.com/video/8OpzP8ENvfE/video.html
Girl. 😍
Two streams and I want at least 5-7
Girl I’m literally trying to watch all your ads through so you can get those bucks. 😆
Thank you I appreciate that 😩
6, but the goal is 10 👌🏾
You’re killing it sis!!
I currently have just one (earned income) I would like to have at least 5 but I keep over thinking it.
Try not to overthink (easier said than done), you can do this! Let me know if you need any help!
Either have multiple streams of income or make more money than you spend
Even if you make more money than you spend, still have multiple streams 🙌🏾 that way, if one is gone you still have others!
I have one😩😩😩
Once you’re monetized you’ll have two 🤩
I have one stream of income but I want to learn how to have multiple
Which ones are you looking into?
@@xoReni So far just high interest accounts and stocks. I opened an EQ bank account with your code yesterday so I am still in the process of researching
@@priscillaq8327 love it! Let me know if you have any questions 😁
xoReni what do you think of MLM companies ( Primerica, WFG), as a stream of income? and have you ever heard of Shopify? Let's get your feedback.
I am not a fan of MLMs at all - I would stay away from them.
Yes I invest in Shopify, that is how I purchased my house 😊
Hi Reni how do invest in Shopify?
@@ibroschool are you in Canada? Watch this! czcams.com/video/yAulWeSozeg/video.html
I love toy for this
Current: 2, Target: ♾️
Love that 🤩
What do you think of Bitcoin investment?
I personally haven’t invested in BTC myself! I think you can make a lot of money but it’s riskier than stocks.
You are so pretty
Thank you!!
Congratulation, you've just earned fiance status.
Now master the great teachings of Marcus Garvey, Dr. Anderson, Chancellor Williams etc. and you'll qualify for the wifey position. Good work sis.
😂 lol