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#Multiple #Streams #Income #Work
Multiple Streams of Income: Do They Work?
For years, the debate over having multiple streams of income has taken place among many entrepreneurs. In this episode, PBD shares his opinion on the subject.

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streams of income

For years, the debate over having multiple streams of income has taken place among many entrepreneurs. In this episode, PBD shares his opinion on the subject.

Visit the official Valuetainment Store for gear:

Download the free PDF here:

To reach the Valuetainment team you can email: marketing@patrickbetdavid.com

Follow Patrick on social media:
Website:
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48 Comments

  1. Covid taught me that having multiple streams of income. I personally made much mire money when i had multiple streams of income. You yourself: company, yt, mentoring, etc

    Those who specialiaze can be ruined when the society or the law or something changes.

  2. Alexei says:

    Man it is such a pleasure to watch you even if i am a bit late to your show (couple years :)), kudos !

  3. Specialization is the main Thing not General If you specialized one thing then Build Multiple stream of income around that one thing that u specialized 👍

  4. N M says:

    Patrick's suits got better over the years.

  5. I totally agree with specializing.
    First, you have no plan B. When you have plan B you get comfortable and feel you have a "strategy" but all you have is a reason to quit when things get tough.
    Second, Michael Jodon tried baseball and golf. Even if he was good at any of them he would never become the Basketball Michael Jordon. It is always better to improve a talent than to develop a talent.
    Third, people think that doing lots of things is harder and shows that you are smarter. Actually, the majority think that way, then think different. Doing one thing really will is way harder and it is way smarter.

  6. Start now before now turns into years ago and you end up wondering where you went wrong ….

  7. TheJesseCarr says:

    Great points, but what about specializing and having multiple businesses? I do get what your saying, you can't spread yourself thin in the beginning as you wont get anything done. But I feel like even when you specialize doors open for more sources of income. Take your business for example, you make money from youtube, merch, assuming consulting, services, etc. All in the financial space. That is multiple sources.

  8. TATA is having 100+ companies….what you wanna say on that sir…& What you think about tata…'d love to know your opinion on TATA

  9. G K S says:

    This is was very helpful.
    Thanks Patrick

  10. mark KAO says:

    They’re both right. Many businesses that don’t seem related have a lot of skills or needs related

  11. People used to laugh at me when I said to concentrate on 1 business 1st. Thanks Bet!

  12. I can’t speak for anyone else, but it’s been working very well for me for a long time.

  13. Miguel Horna says:

    Awesome explanation; multiple income streams work only when you Laser Focus and specialize in one asset or business, and master the skills learned everyday for a few months or years, and only then you diversify, thanks 🙏 for this video

  14. Best advice on YouTube

  15. Akash B S says:

    Multiple streams of income is not for becoming rich, its for achieving financial freedom and not depend on any single source of income and not get caught up getting busy in life working all the time!!!

  16. Miche Miche says:

    I think I'm gonna change my whole plan because of this video. This does make sense, pick one thing, make it a success THEN diversify with multiple streams of income, thank you!

  17. Junji Andres says:

    PBD is a living legend.

  18. 100% makes sense. There is greater results in putting all your energy into one craft especially early in career. I feel generalizing too early can consumer too much energy and time.

  19. This is so beautiful, had the same question and this answer just filled my whole mind and body

  20. Multiple streams of income are great IF they're passive– IF they don't take up your time and effort!

  21. Well said! I'm approaching the one year mark of my business. I turned a $6k investment into $250k in equity. Solo operation turned 7 employees in 10 months. I still work 12-14 hour days, 7 days a week. No light at the end of the tunnel yet! Absolutely, no time for a second stream of income! Why invest in something someone else is in control of?!

    No time to even learn about another stream. Lol

  22. Imran Satti says:

    This guy is the best. That's what I think

  23. Dave says:

    The richest man in the world is the one most accomplished and who helped the most unfortunate people like Mother Teresa, who is he? Not you yet.

  24. Mr Anthony says:

    I would rather be the interviewer or the little kids… who would of thought

  25. Naruto became hokage because he specialized. He was a full time ninja.

  26. Johnny Mula says:

    Lesson: all three ways are correct.
    Im not rich by any means. But i make a 6 figure income with diversity. I own a body shop. Which i also restore classic cars and sell them. I restore classic cars for clients.
    I also buy and sell late model cars. But i do specialized in one field.

  27. Billy Bones says:

    I believe in both. But they must align to be part of each other. A diversified skillset should form a specialization. And as you grown, your specialization may become one of the skills for a different bigger specialization.

  28. Numantino312 says:

    some of it depends on personality type. how well one can focus on single item versus doing multiple.

  29. mulesttia says:

    This is the only channel that delivers value consistently. All the other "gurus" never go past surface level stuff and only reply using cliches

  30. Mehdi Zedouk says:

    Absolutely agree u can't make it big if generalise in the beginning of your life

  31. Omega Shange says:

    3 years later and this is still gold

  32. Marcus says:

    this is a Godsend. Pure wisdom. everyone talks but where do we draw the line. Both ways are correct but where is the discernment? what is the appropriate situation or context and for which technique? Thank you Patrick Bet-David!

  33. Sean A. says:

    Makes total sense. Thanks!

  34. Hey have you written books or recommend any books to read?

  35. ultium labs says:

    it help me to make decision. thank you.

  36. Nouney Hill says:

    Not my business but I like the hotel better than the gas automobile: not rare enough! But you know what opinions are worth…😉☺🤗

  37. Nouney Hill says:

    I dislike being poor but I see a better day…😃🙂😎

  38. AssPoo says:

    I wish you were my dad lol

  39. Be tactical when you place eggs in different baskets, start specialized

    That's what I got from this

  40. This is the question that kept on bothering me… SPECIALIZE it is. Thanks Pat
    Regards
    Patryk.

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