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240. The Benefits of Diversified Income Streams
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Ever wondered how diversified income streams can shape your financial future? In this episode, Casey Smith and Shawna Theriault, CFP®, CPA, CDFA®, dive into the significance of diversified income streams, from real estate and dividend-paying stocks to balancing primary and side jobs. They emphasize the importance of passion in side hustles and business ventures, and clarify tax considerations, including the reality of higher taxes being a sign of success.
Podcast Episode Referenced:
- Ep 221: How to Prioritize Financial Goals
YouTube Videos Referenced:
- Does inheritance count as income?
- Pros and Cons of Owning a Vacation Rental Property
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This podcast was produced by Wiser Wealth Management. Thanks for listening!
Chapters
1. Multiple Income Streams, Achieving Goals (00:00:00)
2. Diversified Income Streams (00:08:23)
3. Generating Income Through Multiple Streams (00:21:17)
4. Starting Diversified Income Streams (00:26:39)
281 episodes
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