The River of Income: Building Multiple Streams for Financial Security
Description
In this episode of The Wealth Whisperer, Hazel delves into the myth that true wealth is merely about accumulating a large sum of money. Instead, she emphasises that real wealth equates to freedom—the ability to do what you want, when you want, with whom you want. Drawing from her 25 to 30 years of experience in financial education and property investment, she introduces the concept of generating multiple streams of income as the key to achieving this freedom.
- KEY TAKEAWAYS
True Wealth Equals Freedom: Real wealth is not just about accumulating money; it is about having the freedom to do what you want, when you want, and with whom you want. - Diversifying Income Streams: To achieve financial freedom, it is crucial to create multiple streams of income rather than relying solely on earned income from a job. This can include investments, property, or other business ventures.
- Income as a River: Visualize your income as a river that flows in and out of your life. If you only have one source of income, it can dry up quickly, leaving you vulnerable. Multiple income streams ensure a steady flow.
- Passive Income is Essential: Generating income while you sleep is vital for long-term financial security. Without passive income, you may find yourself working indefinitely without the ability to retire comfortably.
BEST MOMENTS
"The key to creating true wealth is not to accumulate a great big pile of money."
"Real wealth comes from being able to do what you want, when you want, with whom you want."
"If you don't find a way to make money while you sleep, then you will work until you die."
"Each and every property in our portfolio is a stream of income. It's a mini business."
VALUABLE RESOURCES
Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...
https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page
ABOUT THE HOST
Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.
She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…
Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.
During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.
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