How I Built 8 Streams Of Income By Age 29 And Fired My 9 to 5 (And Earn Up To $20k Per Month)

finance Jun 03, 2022
How I Built 8 Streams Of Income By Age 29 And Fired My 9 to 5 (And Earn Up To $20k Per Month)

This is EXACTLY how I built 8 streams of income by age 29 and fired my 9 to 5 job earning up to $20k per month

One of the best ways of creating financial freedom and also having true financial stability is having multiple streams of income.

In fact, according to a study in the book "Rich Habits"....

  • 65% of self made millionaires had 3 streams of income,
  • 45% had 4 streams of income
  • 29% had 5 streams of income.

Each additional stream they added gave them wealth that they could then leverage and invest into another.

This is exactly how I built 8 streams of income and no longer needed a “job” to pay the bills

My 8 Streams Of Income Summary

  • Online Fitness Coaching Business
  • Online Life Coaching business
  • Rental Income / Rental Properties
  • Flipping Houses / Real Estate
  • Subletting
  • Cryptocurrency Investing
  • Stock Investing
  • Liquor Store


Let's discuss my 8 streams of income that earn me up to $20k per month and has allowed me to quit working my “job”



1. Online Fitness Coaching Business

When I first started out I was working various side jobs to pay the bills.

From there I started working on a side hustle / side business that would pay me more for my time and allow me to do something I was more passionate about.

I started an online fitness coaching business.

Instead of making $17-$25 per hour at my various freelance jobs, I started charging $50 per hour to coach people.

As I grew the business, got more clients, and created better offers, I began earning more money.

Eventually I worked my way from $50 per hour to $60, then $75, then $100 per hour.

Now I can command anywhere from $100-$200 per hour AS A FITNESS COACH

The key to being able to charge that is being VERY specific with your offer, learning how to make yourself more valuable by solving problems people are really wanting.

It also has to do with how you market and position yourself as an authority leader.

2. Online Life Coaching Business

Once I was able to replace my various freelance jobs with my fitness coaching business, I started building out my next side hustle / business, which was life coaching.

I wanted to do life coaching for a long time but didn’t have the understanding of how I was best able to help or what my niche was.

After building and growing my fitness business, I started becoming more confident in my coaching abilities.

I learned how to properly market myself and where I would best fit in the life coaching space (life coaching can span many areas)

I took profits I was making from my fitness coaching business and used it to get leads for life coaching.

I started with $75 per hour (which was way less than competitors)

Overtime, as I got more clients and improved in my coaching skills, I started charging upwards of $200 to $250 per hour.

At this point I had two businesses and between them I was making near full time hours.

At this point, I was netting after expenses 2-3X my old income.

3. Rental Income / Rental Properties

I actually acquired my first rental property BEFORE I started my coaching businesses.

My first year in LA I made $19,000 and managed to save $9,000 (I slept on couches, ate on $5 a day, and basically never left the apartment I was staying in except for work)

Over the next couple years, as I worked freelance positions, I started making about $30,000-$50,000 a year.

From that income, I managed to save a little over $40,000 in just over 2 years and about $100,000 in 4 to 4.5 years.

Once I had $40,000, I purchased my first rental property out of state in Ohio (where properties are much cheaper)

That property started paying me an extra $300-$500 per month after expenses.

While I was making good money trading my time for money with my coaching businesses, I knew I needed to make passive income.

I knew this was the only way to continue to make more more money without having to add a lot more work (I was staying REALLY busy with my coaching businesses and couldn’t handle much more load)

The other problem with 1 on 1 coaching is that if I stopped doing sessions, my income stopped as well.

This is why I decided to focus on building up some passive income.

I wanted to start finding ways of continuing to make money even if I wasn’t working.

The only way to truly create financial freedom is to have your money work for you instead of you working for your money.

This is when I decided to start investing more into real estate.

I eventually purchased a 3 unit apartment in Ohio.

This property helped me earn an additional $1,000-$1200 per month in income AFTER expenses.

As of recently, I am closing on another 4 units in Ohio that will help me net an additional $1200-$1500 a month as I fix the place up and get the rents to market value.

4. Flipping Houses / Real Estate

While I absolutely love rental properties and find them to be a great source of building up some passive income, you don’t make a lot of money with rentals considering how much money you need to invest and also need to maintain them.

House flipping is something I do on occasion when I find a good deal.

This is a great way to make a nice lump sum of cash.

When I do property flips I can make anywhere from $15,000-$20,000 all the way up to $40,000- $50,000+

I’ve only flipped a couple houses, but it is something I do occasionally and am always on the lookout for.

The other reason I like it is I'm able to hire people to do the work so it isn’t so time intensive for me.


5. Subletting

Another way of making passive income (and a great side hustle idea) is subletting.

After I moved out of my 3 bedroom apartment (that I shared with my roommates), I decided to rent out the room instead of getting rid of it completely.

I don’t make a ton of money, but I am able to make an additional $200-$300 a month from it.

It’s a win win situation for me and the tenant.

The apartment is undervalued, so I’m able to get a little bit of profit and they are able to get a more affordable place to live


6. Cryptocurrency

Cryptocurrency is another investment that I have been doing lately that has earned me profits.

There’s two main ways you can earn money with cryptocurrency.

  1. Buy and sell (trading or long term holding- i suggest the latter)
  2. Crypto staking (this can be fairly risky so only invest what you are willing to lose)


My suggestion is if you are going to venture into cryptocurrency be sure you have a long term mindset / approach (my suggest is to have at least a 4+ year time frame ahead of you)

When it comes to Bitcoin, no one has ever lost money who has held for at least 4 years.

I’d also suggest sticking to the major “blue chip” coins Bitcoin and Ethereum.

These are the most likely to be around long term (many cryptocurrencies have come and gone and will continue to do so)

Before investing I would suggest doing some research and learning about what cryptocurrency is, why it could be very valuable, etc.

7. Stock Investing

Stock investing is another great way of earning some passive income over time or having your money grow for you.

There are endless options of stocks and places to invest your money.

There are two main places you should invest with stocks

  1. Index Funds / ETFs
  2. Dividends



The reason I love Index Funds and ETFs is because over a 15+ year period of time you have a 92-96% chance of beating hedge fund managers and stock pickers (see article here)

I talk about index fund and etfs all the time on my youtube channel and also in my articles so be sure to check out which ones are my favorites

For now, start with an SP500 Index Fund or a Total Market Index Fund.



Dividend investing is a way of investing in the stock market to actually get passive income either monthly or quarterly (most funds pay quarterly).

When it comes to investing in dividends I highly suggest you stick with dividend etfs or aristocrat funds.

These are two types of investments I plan to continue to build out for more diversification and other streams of revenue


8. Liquor Store

The last stream of income that I have that has earned me money is owning a liquor store.

What I love about this business is that it is recession proof and also require very little overhead or staff to run it (unlike a restaurant that has many people and moving parts)

This is a small / local mom and pop shop that is about 1,000 square feet but does some great volume overall.

The only downfall to owning a business is that they are a bit more time intensive and even though I don’t have to trade my time for money, there is still a managerial duties to do.

The other thing is that if you aren’t actively growing your business you are at risk of dying.

So I only suggest this stream of income for those who love business and don't mind taking on more responsibility .


IF you enjoyed this content, make sure to subscribe to my youtube channel. Each week I post videos on how to go from where you are to where you want to be financially - personal finance, entrepreneurship, income magnification, investing, passive income, and wealth building.

Want to learn how to create the breakthroughs needed to go from where you are to where you want to be in the areas that matter most to you: finance, fitness, mission/purpose , relationships, life etc?

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