Youtube Exercise » English Grammar Homework

9 Income Streams You Can Build While STILL an Employee

Codie Sanchez

1.9M views 2 years ago

Warm-up Questions

What do you think “income streams” means in the title?
Why might someone want to build income streams while still an employee?
Which income stream from the title sounds easiest to start, and why?

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Start With: Word Definition

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9 Income Streams You Can Build While STILL an Employee

Why multiple income streams + first ideas (service business and 9-to-5) (00:00 – 09:02)

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1. What does the speaker say you should look for when building more income streams?

A way to work longer hours every week
A plan that avoids any learning
A job that pays in cash only
A way to work with leverage (smarter, not harder)

2. What was the speaker’s first side income stream mentioned in the video?

A service business helping companies in Latin America
Selling an info product on Gumroad
A paid newsletter
A laundromat business

3. In the speaker’s private equity job pay breakdown, what does “carry” refer to?

A tax refund from the IRS
Money for travel costs
A fixed salary paid no matter what
Distributions for performance (a share of profits)

9 Income Streams You Can Build While STILL an Employee

Expertise and brand: consulting, boards, speaking, info products, newsletters, sponsorships (09:02 – 20:46)

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1. What is the speaker’s “pro tip” about consulting at the beginning?

Do some calls for free at first, but don’t do it for free forever
Never charge by the hour
Only consult if you quit your job first
Avoid setting any boundaries so clients are happy

2. Why does the speaker say sitting on boards can be risky?

Board meetings are always held overseas
You must pay the company to join the board
It is illegal to get paid for board work
You can face fiduciary charges and lawsuits if the company does something dumb

3. For creating an info product, which three things does the speaker say you need?

Talent, luck, time
Cash, curiosity, crowd
A big office, employees, investors
Sponsors, hashtags, a camera

9 Income Streams You Can Build While STILL an Employee

Money lever: Airbnb, laundromats, and stacking (horizontal income) (20:46 – 27:07)

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1. What does the speaker say is important to understand about Airbnb income?

Every month is exactly the same
There is huge volatility and a lot of variance between months
Airbnb revenue is guaranteed by the government
Airbnb has no expenses if you own the house

2. According to the speaker, why are laundromats ‘interesting’ as a business?

Customers do the majority of the work and pay upfront
They require a lot of physical inventory
They only make money in the summer
They are always online businesses with zero cost

3. What example does the speaker give to explain “horizontal income” (layering income streams)?

Starting with a laundromat, then adding soap vending, toy machines, and more
Only increasing your salary at your job
Buying stocks and never touching them again
Taking one consulting call per month

9 Income Streams You Can Build While STILL an Employee

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1. What is the main purpose of the video?

To argue that having a job is always a bad idea
To share nine income streams the speaker built while still employed
To teach advanced accounting for small businesses
To explain how to get famous on the internet quickly

2. Which idea is repeated throughout the video as a strategy for earning more?

Take the highest risk possible
Rely on one single income source only
Use leverage to avoid trading only time for money
Avoid learning new skills

3. How does the speaker suggest your income sources should change over time?

Avoid investing until you are retired
Only build service businesses and never change
Move from earned income (9-to-5) toward other streams like expertise, audience, and money-based income
Stop working completely before building any side projects

Discussion Questions

Discuss the ideas from this video

9 Income Streams You Can Build While STILL an Employee

Which of the income streams mentioned feels most realistic for you while keeping a full-time job? Why?
The speaker says service businesses are “a great way to start, but… not a great way to end.” Do you agree? Explain.
How would you use the four “money levers” (time, expertise, brand/audience, money) in your own life over the next 1–3 years?
What are the pros and cons of building income through an audience (newsletter/sponsorships) compared to investing (Airbnb/laundromats)?