How I’m Building Multiple Streams of Income From Home
Lessons on investing, mindset, and starting my Couch Traders Club for community wealth building
Hey Subby Cousin!
Welcome to the Chat 🤎
Not me smiling before I even start typing. I high key love me some Substack. What other app can you open and immediately be hit with substance? The passion for self-expression through written words is loud over here, and I love to see it. Y’all really be writing your hearts out, unapologetically at that, and it inspires me every single time I log in.
Making Learning Sexy Again
Speaking of writing, this week I bought the book Naked, Drunk, & Writing written by Adair Lara.
I really wish people yearned to learn more. Like, can we make being smart sexy again? The world felt different when people knew better. And in the great words of my grandmother, when we know better, we do better. And if we do better, we can ultimately be better.
And by “we”, I mean the Black community.
I want to see more of us inheriting wealth instead of debt. More titles, more land, more deeds being passed down to the next generation. Legacy should feel normal for us, not rare.
This Week’s Money Conversations
Earlier this week I shared a thought that…
I see a lot of us talking about lack of money. Sometimes it’s because of life’s mishaps like sickness or unexpected job loss. Other times it’s because of life’s callings like entrepreneurship or ministry work. Either way, both paths can temporarily disconnect us from our coins, and I don’t like that for us.
We shouldn’t be pushed into survival mode so easily when there are actually so many ways to create cash flow in this world. Seven, to be exact.
7 Ways to Create Cash Flow:
1. Earned Income: Money created from working a job aka our paycheck.
2. Profit Income (Business): Money created from owning a business or selling products/services for more than their cost.
3. Interest Income: Money created from letting money sit in an account like a high-yield savings accounts, brokerage account, bonds, or CDs.
4. Dividend Income: Money created from payouts after owning stocks or ETFs, often called passive income.
5. Rental Income: Money created from renting out real estate or property.
6. Capital Gains: Money created from selling assets (stocks, real estate) for more than their purchase price.
7. Royalty Income: Money created from licensing intellectual property, such as books, music, or inventions.
Which of these seven streams have you started creating for yourself?
Every time I create one income stream, I immediately start thinking about how that stream can fund another one. Stream after stream type energy. I’m creating financial overflow in my life. I’ve got a daughter to bless. I don’t wanna just build income …I want to build a legacy, so my daughter NEVER has to start from zero
So far, I’ve dug trenches for 6/7 streams of income. And out of those six, four involve some form of investing. So naturally, I’ve been locking in with learning how to invest.
So, What is investing?
From a non professional financial perspective, investing is simply putting your money into things like stocks or real estate that grows more money over time. It’s delayed gratification with great rewards behind it.
Story time…
Last week I went to a local restaurant to read more of The Psychology of Money and finish editing my Substack.
I ordered a glass of Chardonnay and got comfortable in my little learning bubble. The bartender told me not to work too hard, and I smiled at the thought that chatting with y’all could one day truly be considered work.
After a while he came back and asked what I did for a living. I paused, because quite literally, I’ve been doing so much lately that I’m just… doing me. But when he asked me to sum it up in one word, I said, “I teach.” I also mentioned that I recently started day trading.
His face instantly changed. He repeated “day trading?” just to make sure he heard me right. Then he told me he trades Pokémon cards. Our facial expressions swapped places when I repeated after him “Pokémon cards?!” Like the ole school cards we traded in school. He said, “Yes, actual Pokémon cards.” His most recent trade was for twenty thousand dollars. $20,000.00!!!! My mind was blown. Not just because of the number, but because I had never even considered that as an investment lane while someone else was quietly building wealth from it.
It reminded me how dangerous a lack of information can be. People really are out here becoming wealthy in ways we’ve never even been exposed to. When I congratulated him, he laughed and said his family thought he was crazy. I laughed too, because that’s usually how it goes when you’re the first one doing something different in your bloodline.
The Two Main Investment Lanes
There are two primary ways most people invest: stocks and real estate. Stocks usually require less startup money, while real estate requires more upfront capital. I personally invest in both.
Back in 2017 I invested in purchasing my home. With a lot of discipline, I saved up about ten thousand dollars using two income tax returns. That property isn’t producing passive income yet, but over the years I’ve built solid equity. If I needed to, I could leverage that equity toward another investment. One of my goals over the next year is to purchase a rental property, and to do that I’m going to need more capital.
That reality could be something I complain about, or it can be an opportunity for me to adjust and learn something new. I’m choosing the second option.
My Growing Obsession with Stocks
I’ve always been attracted to stocks. The idea of making money without leaving my couch just does something to me. There’s a certain freedom in knowing your money can work while you rest, parent, or create.
Stocks can be purchased in a few simple ways. You can buy individual stocks, which means investing in one specific company you believe will grow. You can buy fractional shares, which allow you to own a small piece of an expensive stock instead of needing the full share price. And you can buy bulk positions through ETFs, which are bundles of multiple companies packaged into one purchase so you’re diversified automatically.
Each of these options makes investing accessible at almost any income level.
Why Day Trading Has My Attention
Lately, my newest obsession has been day trading. Day trading is when you buy and sell stocks within the same day to make quick profits instead of holding long term. It’s fast, it’s strategic, and it forces you to develop discipline with your mind and money in real time.
Last chat I asked what book I should read going into March and y’all voted for How to Day Trade for a Living by Andrew Aziz.
Day trading has the potential to change your psychology and your bank account all within 24 hrs. It’s something extremely surreal about sitting on your couch watching yourself print money in real time.
A Little Invitation From my Couch to Yours
I started a private chat two weeks ago that I’m now calling The Couch Traders Club. This chat is for those of “us” who want to learn day trading together in real time by setting weekly financial goals.
Next week’s goal is to create $20 a day which ends up being $100 a week from our couch.
This space isn’t led by an expert on a high horse. It’s literally collective learning with play play cousins creating cash from the crib. I’m in there sharing what I’m trading, what I’m studying, what I’m understanding, and what’s still confusing me. The wins, the losses, the lessons, and the mindset shifts are all happening live as I learn and grow.
Day Trading has been feeling like I’m in school all over again, but the kind of class where the subject is money, freedom, and discipline.
If you’ve been feeling that nudge to understand trading, increase your income, and build wealth without always having to leave the house, the chat is already open and waiting for you.
We’re ain’t got to be at Wall Street to invest… we can be at the crib creating capital together!
Until next chat,
Candice
Pleaseeee ad me to the chat...
I'm interested, though I have zero knowledge about it! How to sign up?