Why One Income Stream Isn’t Enough Anymore
Multiple Streams of Income: The Secret to Building Long-Term Career Security
For most of my career, I was told the same thing you probably were: find one good job, stick with it, and you’ll be secure.
But the reality? The modern economy has completely shifted. Relying on a single paycheck- no matter how good it looks on paper- has become one of the riskiest financial strategies.
That’s why I’ve spent years building multiple streams of income. Yes, I coach. But I’m also deeply invested in real estate- both short- and long-term rentals, private money lending, and even out-of-state deals. In fact, I’ve just returned from the BiggerPockets Conference in Las Vegas, where I got to connect with so many of my podcast heroes, as well as the investors and thought leaders who continue to shape my journey.
It’s a reminder that staying curious, diversifying, and expanding into new lanes is not a distraction. It’s a strategy.
The Case for Diversification
Let’s look at the data:
According to a 2023 Bankrate survey, 41% of U.S. adults now report having a side hustle, generating an average of $810 a month. For many, it’s not optional- it’s survival.
A study from the Brookings Institution found that workers with multiple income streams were 25% more financially resilient in times of crisis compared to those with a single source.
Even at the highest levels, the trend holds: a Fidelity report showed that 88% of millionaires have more than one source of income- and most have at least three.
The takeaway? Multiple streams of income aren’t about chasing shiny objects. They’re about building security, freedom, and flexibility into your career and life.
My Own Multi-Hyphenate Path
For me, real estate has been the perfect complement to my coaching practice.
Short-term rentals taught me hospitality, design, and market research.
Long-term rentals built steady cash flow and long-range equity.
Private lending opened doors to passive income opportunities.
Out-of-state investing stretched me to trust data, partnerships, and systems beyond my backyard.
Each of these experiences strengthened not only my financial stability but also my perspective as a coach. Because whether you’re building a portfolio or building a career, the principles are the same: diversify, experiment, learn, and stay in motion.
The Multi-Hyphenate Advantage
We live in what I call the “multi-hyphenate economy.” Professionals are no longer just one thing. You might be an accountant-speaker-podcaster. Or a lawyer-author-investor. Or like me, a coach-real estate investor-entrepreneur.
Why does this matter?
It creates resilience. If one lane slows down, another can carry you.
It fosters innovation. Lessons from one lane almost always spark ideas in another.
It builds credibility. Clients, peers, and employers see you as someone with depth, range, and real-world experience.
What This Means for You
If you’ve ever thought about dipping your toe into real estate- or any other lane outside your “main” career- take this as your sign to explore it.
Not recklessly. Not all at once. But intentionally.
Start small. Educate yourself. Join communities like BiggerPockets. Talk to people who’ve been there. Because even a modest step outside your primary lane can change your future trajectory.
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I’d love to hear: what “second lane” are you most curious about building?
And if you’re already considering real estate- or simply want to explore what diversification could look like in your career- let’s talk. This is the work I love: helping professionals build lives and careers that are multi-hyphenate, resilient, and future-proof.
👉 Reach out directly, or hit subscribe so you don’t miss future newsletters where we’ll keep exploring this together.
