9 Income Streams You Can Build While STILL an Employee
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- čas přidán 15. 05. 2024
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CHAPTERS:
0:00 How I Built 9 Income Streams While Working 9-5
0:24 Choose The Best Income Stream For You
1:00 Lever 1: Time
6:34 Lever 2: Expertise
16:37 Lever 3: Brand
21:52 Lever 4: Money
27:32 SUBSCRIBE
Want to become wealthy, lower your risk and have the highest likelihood of earning the most amount of money? Then you'll need to learn how to generate multiple streams of revenue.
You might be thinking, "but Codie, I already have a job!" Cool. I grew 9 income streams while having a job, way before I got a following on the Internet, so put your excuses in the shredder because you can do it too. I'm going to show you how so you can follow my blueprint.
The most important thing to consider when it comes to multiple income streams is LEVERAGE. How can you work smarter and not harder to make more money? A lever is a useful tool that lets us lift weights that we otherwise wouldn't be able to lift on our own. We can use that same principle with money.
There are four main "money levers" I talk about in today's video. The fist one is time. Any time you can trade your time for someone else's money, it's a super power. How do you know what service to offer, when to get in and most importantly, when to get out? There are some important clues and limitations to look out for, and I'll tell what they are in this video.
Have you used any of these money levers to grow an additional stream of income? Are there any you've found useful that I didn't cover in this video? What are they? I want to hear from you!
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All content on the Codie Sanchez CZcams channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. - Zábava
I love the part about how many hours it really takes to give a 1 hour speech. That's business in general. My wife and I had a dessert food truck and most food truck events are 4 hours long. People would walk by, see our insane line, and say "Man, what a great deal for only 4 hours of work." We might have been open from 5-9 but we often worked from 8:00 am to midnight in order to pull off that successful 4 hours. Don't mistake open hours for working hours.
Sounds like every service/product business I've ever had! 🙂
I wish people understood this. Take crafts - people are all happy about a blanket (or coat or quilt) and would LOVE one. Until you have to tell them that the cost will include the materials, plus time worked, etc.
People don't see the sweat behind hard work, only glory.
Brewery model. Breweries are insane work behind the scenes. Product takes two weeks to make, and that's just a beginning.
Yes, people don’t realize how much work goes on behind the scenes.
For the last few years ive worked for a small business owner just me and him doing tile roof repairs. Ive made 44-55k from him a year. Last February i started a gutter and roof cleaning business. By myself as a side hustle no employees i made just under 40k. This coming year hiring 1-2 employees im projecting 80-150k on the low end. Still as a side hustle. Im 21 now and my job before roofing was dishwashing and i barely graduated highschool. Business isnt nearly as difficult or complicated as your mind makes it out to be and if youre reading this, watching these types of videos on the regular then you have the knowledge required to do this. Get to work!
well done! Congratulations! So inspiring to see these stories 🤩
Gutter cleaning was my start this past fall!
You have may just saved a life. I ALMOST clicked off but saw your comment. I hate "business" because "business is hard."
But if it's spelled out, perhaps I can do it
My man Devin Johnson! A real inspiration for real!
😮
When I graduated and started my 6 figure job, I lived with my parents and saved up for a duplex. Renovated, rent it out, save money, and bought another duplex. I rinsed and repeat until I was able to quit my 9-5 job at 34. I am excited to start other businesses and am so happy I stumbled upon your channel! I will be binge watching for the next few days. 😁
I bought one too. Was building equity, then the bottom fell out of the market, and I sold for not much more than I paid for it twelve years later. It took eight years for the market to return in my area.
@@darleneaitken1620 oof yeah, this is all timing. I graduated in a recession with an MBA and wanted to do the whole fixer upper property route, but couldn't get a starting job paying more than 35k a year. By the time I could buy my first 1BR condo, 1 BR condos had gone up from a 60k average to almost 200k. The market changing on you can make or break the same decision so hard. We bought a house in 2020 at 450k + 200k in repairs. The house went up to 850k in six months and then down to 650k, so now we're just breaking even. Had to sell the condo for repairs the inspection missed, so I'm out that stream of income too.
Thats great I had a friend work in music engineering for top artist and bought a duplex then started a coffee business from Latam. I think he may be sticking to music work now.
Genius move bud
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Can we talk about how every single video is filled with so much literal gold? Thank you for being someone I can look up to, especially as a woman in business. Do you ever consider doing a "day in the life of?" I haven't seen it but if someone could link me if I've missed it I'd appreciate it
Codie has done some vlog style content, but a full blown vlog would be dope!
1:56
I think she did a morning-in-the-life-of before a speaking engagement. That one was really cool.
I just have mucho love for Codie.
Codie, you are truly one of my favorite people. Thank you for everything you put out, even when it's tough for me to hear. U R HER!!!
Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.
I own a sole proprietor small town taxi business. After 14 months, im closing. The clients were there, but there was no protection from the person running an illegal cab for half my prices. I am not making profit anymore and im on call 130hrs a week and have 4 kids. Im starting a partnership cleaning company with my sister in law in 2 weeks. My goal is to establish it, scale it, and then run the books part and not clean anymore after the 1st year. Will move on to opening a laundromat and use the laundromat to work with the cleaning company, and from there, self storage units, camp ground, buy the competitor taxi business (not the illegal one) and have someone else ready to drive it, and finally open the cafe i have always dreamed of. Its going to be fun, hard work. I'm 43. I came from no money, no one in the family ever started their own business, and i lived very poor for many, many years. If i can do this, anyone can.
What was stopping you from running your own taxi company in your town? Hire other drivers to go out and do some of the jobs reducing your workload take a fee from all of them.
@@rob2549 i just explained what stopped me from running it in my own town. Lol
I am a sales manager for A1 Roofing Utah. I’ve been selling for roughly 6 months. I’ve been learning more about myself than ever before. Solving people’s problems is so crucial and it pays a lot of money. Since I sell roofs, I naturally develop trust with the clients, I also notice they have other problems with their homes, so now I’ve created a side hustle of referring clients to contractors that can solve those problems, and I make extra money doing the same thing I do every day. So basically I have doubled my earning potential just from referring clients to contractors. I’m currently working on acquiring my 3rd stream of income by simply solving another problem my roofing industry and local community has, except this time, this income stream will be way more passive and I will be building an asset portfolio. I have a 4th and 5th stream I’m looking at targeting by providing opportunities for people who have less income but are willing to become operators for a split business venture.
Codie, you really underestimate how helpful some of these are. You phrase it like "it ONLY makes 4k in a year" but for people like me, that's a lot of money! An extra 10k a year would be like a 25% raise. Thank you for sharing our wisdom!
Thanks to your inspiration, I'm going to try making money from a combination of my skills. Making scale models to help people visualize their projects.
That's a solid list! I'm also big on Blcktken300 , avalanche, algo, and matic too.
I enjoy learning across a lot of different interests so the algos are forever confused by me when suggesting videos. I have no idea how I landed on your content, but your work STANDS OUT in the best way possible. The content is gold, and your execution in teaching puts you in a class all of your own.
I'm floored by the quality of your channel. Thank you for doing what you do and sharing all this content so openly.
Codie i can not describe how much valuable this video is, your efforts are boundlessly appreciated.
I just learned more in less than 30 minutes with your video than in a whole semester at college. Thanks for sharing your experience and knowledge. I'm in!
I loved the lack of gatekeeping so much I subscribed a couple minutes into this video. I appreciate the highly specific road maps and 'who this is good for.' You don't waste your words!
I usually listen to something on CZcams on the way home from dropping the kids off at school. This morning, I was presented with options from various channels to which I am subscribed. I wasn't sure if this was the topic I was interested in this morning, but I have to say, once you click on one of Codie's videos, you watch the whole thing. They are just too good. Great job once again!
You are gold!! Your tips blows my mind. I just saw that I have so much stuff in my hands, but still don’t know how to turn into gold. I know how to edit,I’m a stylist, image consultant, love to take pictures, love to edit photos, but .. still on the same spot. You are the one I’ve been searching for so long.
Codie, I Just found your channel a few nights ago, and after watching several videos, felt called to comment. The book list drew me in (Big nerd, I devour actionable info), but the quality of info and your presentation style is what’s keeping me here. You are a no fluff, no excuses kinda girl and i love that. The bonus is your experience shows through. I’ve seen way too many creators regurgitating what someone else said, but they’ve never actually done it! At least when you present something you haven’t done, you also present the person you know who actually did it. I like that. Strong work, please keep doing what you’re doing. Lotta great ideas in here. Thanks!
Codie - I’ve watch so much of your content you can be considered an addiction. I am a FT recruiter for a company and hate that every time I hire someone I get paid a flat rate, yet the company rakes in crazy revenue. So I’ve taken to a low risk and low cost network arresting opportunity, that’s paired with high level mentorship that will allow me to grow income passively. When the passive income is large enough, I’ll be able to promote myself to customer for the company!
Thank you for being so forthcoming and free with your knowledge. This video was so comprehensive.
The most valuable YT video I've watched in a while. This got me thinkung really hard and very positive about taking action. Thanks
I LOVE THIS!!
THANK YOU!
Codie you're such an inspiration but I love your practical, down-to-earth advice on all these different methods. No it's not easy for people to do these things but it is possible. You make the seemingly black art of wealth seem reasonable and achievable for most people. Well done!
I have learned more from you in just half of this video than a few years of digging information and hiring coaches. Subscribed! Thank you!
Coldie you give so much value in your videos that I couldn’t keep up, thank you! I love this video so much I’m pausing it halfway because I need to slow down and take it all in and take some notes!
Wow, another great video Codie. The way you break it down, you make it seemed so easy. Definitely be watching this again.
Such super-sharp information. Helps with what to focus on. Thanks for being willing to share it!
Another great video. Diversification of income streams is critical. Side jobs are no longer a side job, but just an additional income stream. Love it!
Jesus, here I am almost ten years after graduating still making less than 20k a year with 60k in debt. It’s insane how the difference in income can be.
I found you on an interview with Tom. Thank you for all your advice. You are definitely a wealth of knowledge. I thank God for people like you.
This is gold. Thank you for sharing your experience and knowledge! I've started going through the books that you recommended - I'm learning a lot from them.
I’ve been a new student in the US for a few months already. I plan to work part time in the summer for my first stream of income. Out of all the videos about that I came across in relation to finding side hustles and/or extra streams of income, this is probably one of the most informative and in depth ones. Hope to see more of this!
High Codie, I appreciate your straight forward no fluff to your topics. You asked us t tell you what we are doing. Here it goes.
I started out 18 years old as a combat photographer, US Army, and rolled those skills into life, and made my living as a photographer, then videographer... I grew up in a SMALL business, and always dreamed of what I could do in business. I lost my shirt twice, and restarted a few times.
Now I am self employed and make low six figures a year. I am currently taking that money, reinvesting it back into what I was designed to do... create images in video and photography, but in the low stress side of life. I am turning that into a multi-faceted, creative business, of publishing, documentary, you tube/ live streaming videos, landscape photographs on various physical products, and writing books, and articles. My you tube has 4 different channels, 1. Photography, video, business... 2. current events and self-sustainment, 3. Travel … 4. Biblical studies, commentary and discussion. I will add more as time goes on.
I am completely self funded, and building slowly, in my 3rd year, and plan to start making money in this year.
Absolutely one of the best videos I have seen. Long time follower to. I have saved this video and plan to watch it daily as there is so much information. A lot of it I am familiar with but tons of gems mixed in.
My 9-5 is customer service on the phone (on the side eBay reseller, about to add reading books for audible) I need a few more but I guess it’s a start
Thanks Cody, you’re such an inspiration! -IT director, MUA, beauty online store
I currently work for one of the largest healthcare organizations in the state of Florida. While healthcare consulting is my passion I struggle to leave the corporate world and go full time as an entrepreneur. I am very successful in the healthcare world creating new business and sustainability. I am trying to learn how to move up to the next level and become a board member of a large organization. My skills in healthcare credentialing, enrollments, finance, and business operations is where I stand out the most. Just trying to learn how I can make the next jump and run with it. I love the channel and learn from it constantly.
This is excellent information. You have a very concise, descriptive way of speaking that provides factual information quickly. Very real conversations. Nicely done.
This was fantastic. Definitely the motivation and NO BS that I need to get myself out of the excuses and start taking action. Thank you
I was honestly not expecting this video to have so much amazing information! Wow! Thank you for this!
Thank you so much, Codie, for so much information, not everyone talks openly like you in your position. and the 19 Books I freaking LOVE that you mentioned which books. Thank you Again and Again.
that was a chunky one...i love how much value that you pack into your videos, thank you!
My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
This
You gotta add a fourth: Alex Hormozi
Thanks for the recommendations
🙌
Codie did you send me a whatsapp number to call max about a investment, PLEASE RESPOND
This is the most insightful video I have ever watched on starting. Like wow. Pure gold.
Codie this was what I needed. Some of these ideas I was already thinking of but you reinforced them for me. I’m already a standup comedian which is the same as public speaking . But so far I have a 9-5 in real estate syndication, rental properties, remodeling business and development ( buy sell houses) as income. It’s time to put my MBA to work.
Oh my goodness. Do you do educational talks? If you could do a real estate talk with a good amount of jokes sprinkled in, you could make a killing! Entertaining presentations in your fields of expertise would get you really far! I would pay to attend.
@@cupbowlspoonforkknif do you think that’s a good idea? I’ve been doing real estate for a long time . I never really made it big in comedy but I still enjoy it.
Try out something new mate you know the hardships in the business make jokes out of them people will love it.
Hire yourself out as the MC to big conferences.
Or become a writer and teach it.
Codie!!!!! I’m so glad I found your channel. I’m a serial entrepreneur and I’m trying to get focused and figure it out. Your content is so helpful and motivating! Thank you so much! 🙏
Hi Codie
Thank you so much for all the tips. It help me create my Travel agency and still building slowly and hopefully following you session can help me grow larger and get lots business😊
Great video, thank you for the information!! Right now, I work a fulltime 9-5 and own one rental property. I also play live music around my town. Long term I plan to follow a similar model to what you lay out. Air BNB, long term commercial rentals, along with a few house flips each year. Thanks again for the information!
awesome video Codie, thanks for sharing!
Man, when you talk it's like music. You have a really fantastic flow and everything you say kind of just sticks, and makjng the viewer just want more! Wish I could be that fluent!
All the best to you, keep dounga what you do, and keep being you Cody! 🌟🌟🌟🌟🌟 from me, everyday!
Codie, thank you for all you share and show us that it is possible. You are my mentor - blessings 🙏 to you and your loved ones. Best wishes in 2024 … May success continue multiplying!!!
There are some great ideas for starting a business in this video. Thanks for sharing.
Great Video! Love your knowledge sharing and intelligence. Keep grinding Codie!
I really believe that Alex Harmozi and Codie Sanchez are the only two businesses youtube channels that tells you how thing really are and I can trust in their words of advice, and are not trying to sell you something or get your money.
Thanks for the knowledge!
Codie! You’re my hero. Saw you speak at Limitless arena and I was starstruck. “Ok enough of that rah rah bullshit” lol best line of the night.
Codie stays bringing the most value! Can’t thank you enough for all your content
1000% the best video on this subject I’ve seen so far. As a skilled professional there is tonnes I could offer. The thumbnail on the video doesn’t do it justice though, I watched the videos because CZcams autoplayed it and I was hooked in the first few seconds.
Love it. This is my kind of video. You are my kind of business expert. I could tell you know what you are talking about. Thank you for NOT gatekeeping this info!!!🙌
Hola Codie eres una genio👏🏼aprecio tu trabajo 😊éxitos!!
Thanks for the straight forward talk
Woah Codie. Massive Value with pure honest story and teaching. Thank you!
I haven't even finished the video yet but immediately have to subscribe to you. It amazes me how many content creators gloss over "your corporate/day-to-day job" being a primary source of income for many. Which could ultimately lead to millions through the years. While the goal is to have passive income, I think people should also be realistic about how earned income is important to jumpstarting things as well.
Amazing!! Thank you for all of the ideas and details!
This is honestly one of the best entrepreneurial video I have seen. Thank you so much for sharing your experience. Absolutely love to see more of such videos!!! 👍 You the best!
Codie, this is hands down the best video I’ve ever watched explaining multiple streams of income.
Thank you for paying it forward and I hope that I get the opportunity to partner with you!
Codie, what I like from your video is how realistic it is to build income streams. Success doesn't happen overnight. You clearly showed us your progressive paths, which is relatable to us working for years in the industry, because our expertise is also quantified by the amount of time we dedicated to achieve our current level. Thanks for showing this.
Wow, love the advice about having one speech.
I've been refining my TEDx talk, even though I did the talk in October.
Hadn't thought of reusing it, and was just improving it, for personal growth.
I’ve watched 2 videos - subscribed 😂 You’re amazing !
This is why you are amazing and love your content! We will meet in the near future ! Bet
I appreciate how generous you are with useful information!!!🙏🏼
awesome video Codie you are always drop these gems in your videos
Great advice! I wish someone like you would teach this in Germany. Here people are more of the „get rich quietly“ type. Let’s be loud and proud about making serious money!
Love ❤your channel, every episode I learned something new. I believe giving back even on small level until I excel and increase my income so I can give more whether in time or groceries or in Walmart gift cards to people I manage to see in Walmart trying to stretch their dollars by observing what is in their shopping cart. I am not a catholic but I believe in what they say: when you give you get ten fold and sometimes the people face it’s worth every dollar given way. Keep giving your priceless content. You’re an awesome lady Ms Sanchez. Ps my income now is rentals and trading options (no rent or insurance or employees ).
Thanks Codie, great video.
Current income streams (Date when starting if in parenthesis):
Job (just got better one)
Apartment (Sep-Dec 2024) - While on vaca it will be AirBnb etc out - It will be small-med and expensive but at a 9/10 location for resale in 10 yrs
YT channel (not launched yet for fun at first but later to pay for itself and hopefully more) - Hopefully grow to 10k subs and then IG combine towards 100k
Product dev (Trying to find a VR app or an iWatch app I can make for others and sell for a few bucks to build a brand)
This video is more usefull than all the finance videos I watched this week combined together!
Codie, This is such excellent insightful information. I can't thank you enough for presenting it in such a simple and detailed way that I can understand. The idea to check FB groups is great. My only issue now is to choose one of these and run with it.💚😊
Codie you are the queen of my start ups
Question for Codie: For the multiple avenues of work and meetings you participate in, how do you manage energy levels, and how often do you find yourself tired/exhausted at the end of the day? This is a genuine question, I'm not being snarky or anything like that. How do you balance - or find/maintain a balance - of work vs life? Or do you find them interchangeable?
Thank you for posting ❤
Girl, I have my notebook and pen out. Thankkk YOU! I FKKIN LOVE YOU! Saw this until the end, I am def the 9-5 apprehensive enterpenuere.. great info thank you!
Wonderful content, thanks for sharing it! I work full-time, and on the side I’m starting an income stream through importing heathy goods from Africa into the UK. Listening to this content was amazing, it has given me the great idea of speaking at events about the health benefits of those imported goods.
I needed this more than you could ever know. THANK YOU
You're content is amazing! Thank you!
Cody this is such a great open and honest video. Thank you for your transparency and knowledge.
This is so helpful! Thank you!!!
We gotta have some wild video to get to 1 million lol good job keep it going!!!
Thank you Codie for inspiring me with each and every video you do. I’m still trying to figure out my own Side Hustle. I’ve been brainstorming for quite a while now and just can’t figure out which one to pick.
Everything you teach is absolutely awesome 👏
I’m 62 and disabled so I need to find a niche in something that I can do. Please keep doing these videos because even though I can’t do many things that you recommend, I still see hope for my future. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Hey. How about a niche related to your disability? Or maybe another topic of interest combined with your disability. Like "how to skateboard in a wheelchair" or "pain relief for ____ "
@@cupbowlspoonforkknif
Thank you for the brainstorming. Blessings,Carlos ✝️🙏❤️😊🇺🇸
@sircarlosmusicbmi I might have an opportunity .let me know if your open.
OMG, I love your attitude! Fingers crossed and just go for it :)
I recommend you read Patrick Bet-David's book 'Your Next Five Moves'. I was in the same place as you, where I couldn't really decide what I wanted to do. After reading the book I came to a place where I realised that even though I wanted to hit the ground running, it made more sense for me to walk a few steps first. I found something stupid easy for a younger, able-bodied guy to do(cleaning gutters), and just did it. It has nothing to do with where I want to end up but it helps supply me with the money I need to make my next move.
I don't know how I ended up finding your videos but so far the videos I have found are really interesting and I agree with some of the things you say. Your advice is really good. I am trying to find a different job specifically a flexible job because I want to be able to visit my parents in Puerto Rico more often.
I love this content! It gives me so many good ideas. Do you have other CZcams channel recommendations?
Absolutely great video Codie! I love how you start small and safe like most of us and then scale from there. It's such a realistic easy format to follow and your confidence grows once you have a few wins under your belt. Thank you!😀
I love this video! But I encourage people do not go into AirBnB if they don’t have ALOT of disposable income. The market is oversaturated and we’re going into a recession. From a policy and economic standpoint, it is very risky. Especially if you’re getting a property in a location that makes a large portion of its revenue from tourism or if their city is experiencing a housing crisis. Many cities are cracking down on short-term rentals, and given the large in consistency in quality due to the oversaturation, many who are still planning to travel during the recession are hesitant to stay at a brand new listing.
I loveee watching your videos. Thank you for so much info(:
Great inspirational video. Thanks Codie
Thank you Codie ❤❤
It is really helpful to have the dollar estimates of what you've earned as you scaled at different levels, thank you!
This is brilliant.
Reality checks combined with selling herself too.
Gotta say that's the art of having financial, marketing business strategy, exposure coupled with extremely good communication skills. ❤
In business world, business set boundaries but end is own rate. Thanks Cowie.
Love it! ❤ Will make sure I open all of your newsletters from now for higher sponsorship payments. 😁
I work as Chief Information Security Officer as a Service, help Startups, Scaleups and SME reach higher security levels fast and bootstrap my own Startup Cyttraction where it's all about building a global future of learning infrastructure platform with a focus on risk training and knowledge management.
So I implemented the multiple revenue stream approach a bit different:
My startup has a global growth strategy, but I have to go step by step. For every new target market there is another local entity with same multiple 3+ revenue streams.
Then I have another company under the same name selling my cybersecurity consulting packages and workshops - paying my salary and cross-financing growth.
Keynotes fall under "personal brand activity", therefore I set up a little marketing company at the side.
Growing my community is on the roadmap for 2024. I started a cybersecurigy newsletter and publishing e-books. Vlogs and an interview podcast are on my list for next year.
First video I've seen! New subscriber in the first third of the video.
Wow I think this oughta be the best video I have watched in a looooong time.
Thank🎉You for sharing, so inspiring ❤️
You’re a brilliant business mind 👑