In today’s economy, relying solely on your 9-to-5 job is risky. The reality is, no matter how loyal you are, to most companies, you’re just a number. The recent wave of layoffs is proof that job security is an illusion. So, if they won’t take care of you, it’s time to take care of yourself. That’s why building multiple streams of income is not just a smart move—it’s essential.

After six years as an engineer, I became the first in my family to achieve social mobility, and now I’m here to help you do the same. Together, we’ll explore everything from reprogramming your mindset for abundance and happiness to business and career development.

Why Multiple Streams of Income Matter

Building multiple streams of income has given me the freedom and security to live life on my terms. Back when I was still at Microsoft, I started creating additional income streams for three main reasons:

1. Connection: Engaging with new people and expanding my network.

2. Purpose: Living and discovering more of my true purpose.

3. Financial Freedom: Achieving a level of financial security that allowed me to make choices that aligned with my values and dreams.

Financial freedom isn’t just about having money—it’s about having choices. More money gives you access to better healthcare, safer living conditions, and the ability to enjoy life without financial constraints. As women, especially, we need to harness this power. Remember, just a few decades ago, women couldn’t even open credit cards without a man’s approval. Today, we have the opportunity to secure our futures and break free from the limitations of the past.

Getting Started: What You Need to Know

Before diving into building multiple income streams, you must first understand your financial situation. Know what’s coming in, what’s going out, and set clear goals. Establishing an emergency fund is crucial before you start. This journey isn’t about hustling 24/7—it’s about smart, strategic growth.

Balance is key. You don’t want to burn out chasing every dollar, but you also can’t sit back and expect success to fall into your lap. Yes, manifestation requires action. Start with what you know, capitalize on your skills, or explore new interests that excite you. And remember, humility is your friend. Building income from scratch can be humbling, but it’s also incredibly rewarding.

Active vs. Passive Income

Let’s clarify the difference between passive and non-passive income. Passive income is money you earn without a direct time-for-money exchange, like investments or royalties. But here’s the truth—there’s no such thing as truly passive income. There’s always some upfront work involved. Non-passive income, on the other hand, is where you actively trade time for money, like freelance work or a side hustle.

My Journey: Income Streams Since 2019

Since 2019, I’ve cultivated multiple income streams:

1. Corporate Job: My 9-to-5 at Microsoft, which included buying stocks at a discount.

2. Stock Market Investments: Long-term investments in index and mutual funds.

3. Content Creation Partnerships: Collaborating with nonprofits and brands to promote their services and products.

4. User-Generated Content (UGC): Creating videos for brands without posting on my own feed.

5. Airbnb: Short-term rentals that provide steady cash flow and long-term property value.

6. Public Speaking: Sharing my knowledge and experiences for a fee.

7. Tech Career Coaching: Helping women and minorities transition into tech roles.

8. One-on-One Coaching: Guiding clients from point A to B in their personal and professional lives.

9. Retreats: Organizing events to empower first-generation individuals, particularly in STEM and mental health.

10. Event Consulting: Offering expertise to make events successful.

Takeaways and Final Thoughts

Building multiple income streams takes time, especially if you’re multi-passionate. Start small, diversify your efforts, and remember, you’re not married to any one income stream. If something doesn’t work out, pivot. The goal is to reduce financial risk by having varied sources of income.

In this post, we’ve covered why building multiple streams of income is crucial, tips to get started, the difference between passive and non-passive income, my personal journey since 2019, and some resources and ideas to inspire you.

If you found this helpful, please give Empowermente a five-star review and connect with me on Instagram at [empowermente.co](https://www.instagram.com/empowermente.co). Thank you for being here—I appreciate you!

See you next time!

To dive deeper into this topic, tune into our podcast episode https://youtu.be/MgC40SGlJ6w where we explore it further.