Multiple Streams of Income: What Actually Works

Añadido: 2026-05-13

[00:00:00]Hey everyone, >> good evening, good morning, good afternoon depending on where you are watching from.

[00:00:06]>> Wow.

[00:00:06]>> And uh we are so excited to have you.

[00:00:09]>> Absolutely excited. We expecting people from all over literally all over the world. So please as you come on in, let us know where in this world where in this big world you're watching from. U we'd love to give you a shout out. So as you enter, you can type in the comment section and let us know where in this world you are joining us from. But man, we've got quite a quite an audience tonight. It's super excited about tonight. It's going to be amazing.

[00:00:35]>> Our last one uh on Thursday last week uh we had people from all over the continent of Africa. We had people from all over the US. And uh >> we also the UAE.

[00:00:46]>> We had someone from the UAE. It was awesome. And so we want to give you a shout out uh if you would kindly let us know uh where you are tuning in from. We have Julie Cadman here. She said all the way from Jawberg. Evening. All the way from Jawberg. It is evening here right now. So >> yeah. Hey Julie, welcome. Uh we also have Julia Spencer.

[00:01:10]>> Julie and Julia.

[00:01:11]>> Julie and Julia. Yeah. Julia is from Kentucky.

[00:01:15]>> From Kentucky. Well, welcome. Welcome Julia. Then I really hope I'm pronouncing this right, but it's Prague Hodot. He says hi or she says hi. I'm from London, UK. So welcome. We've got London UK in the house. We've also got Joberg. Joberg is well represented and Sepi from Gabberon, Botswana. This is really, really exciting. We truly are expecting a global audience um tonight and we've got such an amazing lineup for you. So, as you join us, do let us know where you're joining in from. We'd love to give you a shout out, but we're really just excited to be here all together. Um >> yes, we are. And uh we we want to share with you guys about the upcoming conference. Uh that's next month from June the 19th to the 20th. That's Wealthbuilders Africa right here in Johannesburg. And we are so excited about that. And uh here's the QR code.

[00:02:09]Uh you can just uh scan with your phone, take a picture of your phone, and it will lead you uh to our website where you can buy your ticket. Uh and if you want to type it in, it's wealthbuilders.org/ org/affrica wealthbuilders.org/affrica and you'll be able to uh get your ticket. Do we have a discount?

[00:02:31]>> We actually we actually do. We actually do. So if you are on this webinar, you're at the right place at the right time doing the right thing. Right. And not only are you doing that, but you also have a discount, a 25% off discount. And all you need to do to redeem that um that discount is the coupon code is WBA26. So, it's actually all on the screen there. Um, as you go and purchase your ticket, please enter the coupon code WB26 and you will receive 25% off your ticket price just because you are on this webinar today. So, please take advantage of it >> because this is really quite a special, very generous um offer that the Wealthbuilders team has has extended just for being on this uh webinar tonight. But look, we've got a few more shout outs. I see blessings from New York. Um, we see Aipe from Cape Town in South Africa. We've got Amsterdam also being represented in the house. San Diego, California. Wow. We literally truly do have a truly global audience tonight.

[00:03:33]>> And we are excited about tonight's uh topic. But before we get into that, we want to uh welcome and introduce our vice president here at Wealthbuilders and Miss Karen Conrad Metaf. Over to you.

[00:03:46]>> Oh, thank you so much. Welcome everybody. We are thrilled to have you and of course we've got amazing special guests this morning which will be up here shortly. Uh I do want to take a moment and introduce our coaches and um they are just an amazing amazing team and so we just want to give them a chance to greet you. Let's start with Troy Peterson.

[00:04:10]>> Well, thanks Karen and thanks everybody for joining us Pastor Tara and Chipo.

[00:04:14]Such an honor to be here with you tonight with and uh really looking forward to everything that we've got for you tonight.

[00:04:22]>> Oh, thank you so much. And Frank Pulley, >> everybody, I know people are busy, but the fact is you're here with us and uh I think uh Chipo and Tafar are going to just have some wonderful information for you guys. So, please listen up. and Mike Davis.

[00:04:40]>> We're all glad to be here and uh just knitting our hearts together. So, it's a great journey. Amen.

[00:04:47]>> Amen.

[00:04:47]>> Oh, that's so great. Thank you so much.

[00:04:49]I want to remind all of you too that this is an interactive webinar. And what we mean by that is we are going to save some time at the end to uh give you an opportunity to ask questions. So, if you've got questions that you want uh the team to answer, go ahead and enter that into the chat section and we will answer as many of those questions as possible. So, with that, I'm going to turn it back over to Pastor Tafar and Chipo to introduce to you our amazing guests. Pastor Tafara and Chipo.

[00:05:21]>> Hey, tonight is uh is exciting. We really are looking forward to it because we have our founders and presidents yet wealth builders. Uh and uh that's uh Miss Becky and Mr. Billy Epart. And this is a special treat, you know, for all of us here on the continent and for everyone that's tuning in tonight. So uh be expectant. It's going to be powerful and life-changing. And for any questions, make sure you throw them uh in the chat section and we'll address them at the end of the broadcast. So over to you, Billy and Miss Becky.

[00:05:54]>> Well, we want to welcome everyone today.

[00:05:56]>> Welcome. And uh it's it's exciting to see people from all over the world. Wow.

[00:06:01]That's it's amazing. And uh I' I've been watching it pop up on the on the bottom of the screen and I think there's people almost from every continent that are actually watching right now.

[00:06:12]>> I know.

[00:06:12]>> So we want to welcome you. We're excited about you being here. And I also want to encourage you if you're watching and you're in Africa, I want to remind you that we do have the Wealthbuilders Africa which uh will be in in Johannesburg. I believe it is uh June the 19th and 20th. So we have and you and I are coming via live stream.

[00:06:36]>> Yes.

[00:06:37]>> But uh Tafar Chipo will be there. Of course Dave and Karen uh Karen's our vice president of Wealthbuilders will be there. and then we're going to be there via live stream. So, we want to encourage you if you haven't signed up for Wealthbuilders Africa, Amen. to make sure you do that. And you can go to our the website at wealthbuilders.org and you can find that on there. Uh just to mention that to you so you know.

[00:07:01]Tonight, honey, the topic is multiple streams of income.

[00:07:05]>> Amen.

[00:07:06]>> And so, we're going to we're I want to talk about that. And uh you know, one of the verses that I love to use as we start as we talk about building wealth is Genesis 1 and verse 28 where the Lord told them, he's talking to Adam and Eve, of course, and he said, "Be fruitful, multiply, and replenish the earth." And of course, we know that God set Adam and Eve in to be stewards of the earth.

[00:07:34]>> Amen. And then of course this verse was before that what we call the fall of man or that man fell in Genesis chapter 2 and chapter 3. Uh and so man was separated from God. But but in that pro before that happened the Lord told them and gave them an instruction and he said to be fruitful and multiply and then replenish the earth. And one of the things I want to say to all of you on the wealthb buildinging journey, Deuteronomy 8 and verse 18 says, remember it's the Lord your God that gives you the power to get wealth. Now the reason I want to quote that verse is because the word get there a better translation is that God gives you the power to create wealth >> or he gives you the power to acquire wealth. So those are the two primary ways as we talk about multiple streams of income. An example of creating and acquiring would be for example if you go and you were to acquire a piece of real estate >> and that real estate was and then you were to rent that piece of real estate out and the income that would be coming from that piece of real estate would be for example a multiple stream of income.

[00:08:53]It would be one stream of income. What we would call the rent or the income from the real estate. And another way to do it is to create wealth. And creating wealth, one of the best examples that I know of that is someone who creates a business, >> right? And then you have profits from that business. You create that business basically from nothing. In other words, with your with what the the wisdom God gives you to start it and then the strength, the physical strength that he gives you to be able to work in the business and then your business produces profit. Then that's another, for example, stream of income. Now, I'm going to break down the streams of income in a lot more detail here in a few minutes, but getting back to Genesis 1 and verse 28 where he said, "Be fruitful, multiply, and then replenish."

[00:09:47]One of the things that I would tell all of you, one of that what preeds the multiple streams of income is is that you have to first of all learn what to do, >> right? And so, for example, as you choose what to do, it's why we have wealth builders, right honey? Because we teach. And if you think about our journey, the different learnings that we've gone through, mistakes we've made, >> a lot, >> a lot of mistakes, things you learn in the process that the reason I'm talking about learning here is because he said in Genesis 1:28, be fruitful. Mhm.

[00:10:23]>> In other words, that many times people try to start something or do something before they've actually been fruitful.

[00:10:32]So, the point of that is you have to learn how to be fruitful in a particular area.

[00:10:38]>> Amen.

[00:10:39]>> Like the first couple pieces of real estate we ever bought, right? We made mistakes, but we learned from them.

[00:10:44]>> Oh, you learn from them greatly. It just reminds me of the testimony we just got from U. Bill is the Bible at the Caris Caris Business School. It was a past student and they had gone back home and they had decided left with tons of excitement. I'm going to go conquer this and I'm going to buy all the real estate. Yeah. You know, and I don't know what they thought they were going to do once they bought all of it. But anyway, they call back one day and just on the verge of tears and it's not working out.

[00:11:19]it's just not working out. I can't find anything. And so you gave them a suggestion of going from if you can't find a single family home, then look at multi-door >> homes, which are duplexes or apartments or things like that.

[00:11:36]>> And so they did. And then as we say here, the rest was history. And so they were able to take that and uh >> found a duplex that found a duplex, lived in half of it, had renters in the other one, learned off of that while they paid for her part of the she didn't have a a mortgage that she had to pay, the renters paid. And so it was just things. But anyway, she was giving the testimony about if she had not gone through that that she wouldn't have been I mean she's got now she has multiple >> properties, >> right?

[00:12:15]>> And so she wouldn't have been able to uh multiply.

[00:12:19]>> So So in in that she was she had to learn to be fruitful. Yes. Because in in the letter that she sent us, she talked about the different different types of property now that she has acquired >> and how out of years how she learned how to put a team together.

[00:12:37]>> Yep. She talked about that >> and then she moved from that from putting a team together because then she said she got the wrong team.

[00:12:44]>> So then she went back to her Lord and she said, "Okay, Lord, I have I need to have the team that you want me to have."

[00:12:50]That's right. And now she has an all-Christian team. And so there are things that you have to go through. I believe >> you have to become fruitful. And fruitful involves learning. It involves listening. And I like to say it involves looking. In other words, you have to look and see. Most of the time we really fail sometimes to listen properly.

[00:13:11]>> Sometimes we fail to look prop uh properly. Looking is understanding how to discover someone's recipe for what they're doing. But but I want you to hear me on this. You have to first learn how to do what you're doing. That is what becoming fruitful is about. And sometimes becoming fruitful has to do with learning what not to do >> as opposed to learning only what to do.

[00:13:37]You've got to learn both. You've got to learn what to do. You got to learn what not to do.

[00:13:41]>> And since we're talking about multiple streams of income, there's more than just real estate. I mean, we you just met with a a man here that had several has several businesses, right? And so, there's different ways.

[00:13:54]>> He owns a whole group of franchise of franchises that we and I'm going to talk about those as we get in to this because when we go to learn to be fruitful, then he said multiply.

[00:14:07]>> Right.

[00:14:08]>> Right. In other words, what the the biggest mistake that people who start on a wealthb buildinging journey is is they they try to multiply before they've learned how to be fruitful. And you've got to learn how to be fruitful. You got to understand the different aspects of the business. Now, today I'm not teaching on all of that in its entirety.

[00:14:28]I'm going to get to multiple streams, but I just want to mention that for you to grow in your wealth, you have to first be fruitful. Then you multiply what you're fruitful in. Then you replenish what you have multiplied.

[00:14:42]Amen.

[00:14:43]>> Which means that you learn to grow and expand. It's like kind of here in the c in the middle you kind of learn like that's the middle circle. Then you get bigger and you multiply and then you learn to replenish what you've multiplied. And it means that you can expand in what you're doing. Now, one of the things that we teach is we teach when it comes to multiple streams of income. One of the things that we teach is we give I give uh primarily six different areas, right, >> that you learn to have what we call passive income. I teach on those six different areas when I do what is called the triple X factor teaching that we teach on how to build wealth. And in those areas, that's what you want is you're developing streams of income.

[00:15:32]Like an example would be you can start a business.

[00:15:36]>> And a business, in fact, the the gentleman that just left our office that came to us for for advice on on what he's doing is that in that in that he has uh he owns six franchise businesses, right? So they're all the same franchise, but he owns six different locations. And so there's profits that come in from that business, right? And so the profits that come in from that business are, for example, is one stream of income. Now, even though there's there's six locations, it's still one stream of income. So one one stream of income is literally uh to be able to have a business, start a business, create a business, acquire a business for example, and and you uh then from that business, the profits that come in on it, you have to learn how to be fruitful. In other words, you have to learn how to run it profitably. Now, scripturally speaking, I want to get back to a scripture I have here on my phone. And I was thinking because I've been reading through the book of Proverbs and I've been reading through it in different and different translations and uh and one of those uh is the Proverbs 31 woman that you find when you get to the very last chapter of Proverbs is Proverbs 31.

[00:16:55]And what she had in what we would call modern terms to is that if you if and I'll read some scripture to help you see that, but if you look at her, she bought and sold land. Mhm.

[00:17:06]>> Right. That we find that in Proverbs 31.

[00:17:09]We also found that she planted vineyards.

[00:17:12]>> So she would obviously she she would buy the land, sell the land, and of course she made a profit. And then she would plant vineyards. And of course the vineyards produce grapes.

[00:17:22]>> The grapes produce wine. She would sell the wine. And so she had that business.

[00:17:27]She manufactured goods. I'm going to read some scripture on that. Uh, in fact, Proverbs 31:16 said, "She considered a field. She and it King James. And buyth it, and the fruit of her hand she planted a vineyard." So, she was doing right here two different levels of business. One was she was buying and selling land. One she was planting a vineyard. Then, Proverbs 31 and verse 18 says she perceives that her merchandise is good. And that was verse 18. Verse 24 said, "She she maketh fine linen and sellth it." So she was basically doing manufacturing and sales.

[00:18:06]>> Wow.

[00:18:07]>> Now, for example, this is this is uh business. She's doing business. But then when she bought the land and sold it, that's real estate, >> right? And then when when she perceives that her merchandise is good, that means she was doing goods as well. Not just linen, but other goods that she was doing as well. So I want you to hear this. You can a business by buying and selling for example you can do that in business and the profits from a business is one stream of income right. Another stream another stream of income you can have is real estate.

[00:18:42]>> So for example the way and in this day and age there's and no matter where you are in the world there's different ways to do it. One is you can buy it and rent it and and you're looking for a positive cash flow on the rent. We teach that a lot. But also in this day and age, you not only have to do what we call monthly rentals or long-term rentals, you can do short-term rentals, right? And in here in mo in the at US, we call them STRs.

[00:19:08]In most western nations of the world, you would call it the same thing. And it means that you use things like Airbnb and VBO around the world to be able to to do that. So that's real estate. And and then there's other areas that we'll talk about here. And one of those that we talk about is intellectual property.

[00:19:28]So like you and I, we have a matter of fact, we actually make uh money have income streams in all of the businesses we're we're teaching on. Another one is what we call intellectual property.

[00:19:39]That's where you write books or you have you can write songs. There's other things you can do with intellectual property and that income stream will come in for that as well. So there's categories that you can look at. uh that where where where money will come in for that. Here's the key. The key is you have to learn how to do those businesses for that income to be able to be able to come in.

[00:20:08]>> But I think it's interesting how that when you read this story and I didn't know you was going to do this.

[00:20:12]>> Yeah.

[00:20:12]>> And the um the woman, >> but if you notice, she picked what her interests were at the beginning. She bought and sold land.

[00:20:21]>> That's right. But then you learned from that and then the next thing is she got it says she got into real estate.

[00:20:27]>> That's what it said, >> you know. So she bought and sold land.

[00:20:30]Some of it she kept because then the next thing was is she would she started planting a vineyard. So my point is you pick where your f your passion is at and where you are start there and then you learn on that and then God doesn't leave you there, >> right?

[00:20:50]>> You do it. you expand, you grow, you have you then you start multiple streams of income.

[00:20:58]>> And in all the years that we've we've been around uh and doing the teaching that we do and all those, there's really two areas, no matter where you go in the world that you find.

[00:21:10]>> One of them is either starting a business.

[00:21:12]>> Yep.

[00:21:13]>> The other one is either investing in real estate. Those are the two. Now, I'm going to give some more.

[00:21:18]>> But even those go hand in hand. They go hand in hand.

[00:21:21]>> Have a business, you're going to know have to know something about real estate because you're going to have to have a building or or a street corner or wherever it goes. If you do real estate, you're going to have to, you know, it's just >> they go hand in hand.

[00:21:34]>> They work together. So, let me identify what the pro I'm going to go to a couple other passages of scripture, but let's identify what she did. She buys and sells land >> according to Proverbs 31. These are the things. She plants vineyards.

[00:21:50]>> Mhm.

[00:21:51]>> She manufactures goods. She trades merchandise.

[00:21:57]She manages a household economy. She invests the profits. The Bible says this in Proverbs 31. She invests the profits and she creates surplus. And she sowed, she showed us not only business but real estate, agriculture and she made reinvestments. So all these things that the Proverbs 31 talks about then Hebrews chap excuse me I said Hebrews Ecclesiastes 11 talking about multiple streams of income and it says this give a portion to seven and also to eight for thou knowest not what evil shall be upon the earth. So, in other words, here in the in the book of Ecclesiastes, I really like to read Ecclesiastes chapter 11. And I love to read all verses 1, 2, 3, and 4. And I'd like to read it in the Amplified. Make sure I have the Amplified Classic here and go to Ecclesiastes. I'm actually looking this up on my phone while we're talking.

[00:23:01]But verse one says, "Cast your bread upon the waters, for you will find it after many days." Now a lot of people use that verse for actually teaching on giving but the truth is he's really talking about investing and he says give a portion which giving is investing but he says give a portion to seven yes divided to eight for you know not what evil may come upon the earth so he's really talking about diversification >> and then he says if the clouds are full of rain they empty themselves on the earth and if a tree falls toward the south or toward the north in the place where the tree falls There it will be.

[00:23:38]Then verse four says this, and I like actually verse four, five, and six. It says, "He who observes the wind and waits for all conditions to be favorable will not sow. And he who regards the clouds, in other words, waiting for conditions to always be favorable will not reap. As you know what As you know not what is the way of the wind or how the spirit comes to the bones in the womb of a pregnant woman. Even so you know not the work of God who does all.

[00:24:09]And then he says this in the morning seow your seed and in the evening withhold not your hands for you know not which will prosper whether this or that or whether both alike will be good. So, it's important when we talk about multiple streams of income. I want to have a word uh for those of you that are actually watching this today.

[00:24:31]>> Amen.

[00:24:32]>> Some of you have tried in the area of business. You have tried in the area of real estate. You've also tried in some of the other areas that we teach on as well. And we actually teach there's six streams that you have. One of those the after you pass real estate then you have what we call royalties and royalties can be on intellectual property royalties can be like on oil and gas for example there's that category of royalties that come and then another area that we talk about is what we like to talk about in the in the public markets we call them dividend paying stocks >> because we like to see income come off your investments I'm not just buying investments ments to buy and hold. And that's why when I'm teaching on multiple streams of income, I don't list gold and silver. Even though gold and silver are very good defensive investments, gold and silver do not produce income without selling them. A business can produce income because you're making profits.

[00:25:39]Real estate can produce income without selling because you're making rent. Mhm.

[00:25:45]>> The dividend paying stocks can produce income without selling the stock because it's dividends that are being paid.

[00:25:54]>> Then your royalties, when we get down to royalties, the royalties can also pay you. And there's two categories. One is intellectual property. The other one that we like to talk about is oil and gas that you can invest in that will pay royalties to you. And so as we talk about these different streams that you have, there's multiple streams of uh of income categorically.

[00:26:20]There's not 17,000. Now, there can be 17,000 different types of business, but there's not 17,000 categories of income.

[00:26:30]And that's the reason I share that with you is anytime you're starting a business, you need to think first or you're making an investment, either one, you need to think in terms of what kind of income am I going to receive on a regular basis from that particular business. And so now there's people that invest what we call in real estate, example would be buying and flipping a house. You can make income from flipping, but you have to sell it. And that's why we teach the difference between and we have this in our books, right? And so we teach the difference between apple trees, having an apple orchard, or growing vegetables. If you grow vegetables, you have to actually destroy, for example, broccoli, you have to cut the broccoli head off to be able to eat it again. Whereas with an apple tree, the apples keep producing. The tree keeps producing year after year, and you picked the apple. So that's an income stream cuz you can pick the apple and eat it or you can pick the apple and sell it. And then if you get multiple apple trees and pretty soon you grow an orchard. Now you have a strong income stream. You get to eat the apple or you get to harvest it without killing the tree. Right? Whereas with vegetable, you have like with with silver and gold, you have to sell it in order to get the profit or you have to kill the asset for you in order to be able to make profit from it. Now, you can do both, but what we want to do is emphasize long-term that you build multiple streams of income with different kinds of orchards that you would have. You can have an apple orchard, you can have pecan trees.

[00:28:14]I talk about in the book uh in several of the books about your grandmother that had grandfather >> and grandfather that actually had a pecan orchard. Pecans are nuts that we have in the US and you eat those nuts.

[00:28:29]You could pick the pecans and the trees are still there. You're not having to kill the tree in order to harvest from it. So if you have to kill something, as a matter of fact, in in uh in one of our funds that we have called the Solomon Fund, we've invested for example in several orchards in South Africa, for example, and we invest because the orchard those trees produce fruit. So we want to encourage you today in that. I have a couple other areas I I want to share, but we want to encourage you today in that that you would know, for example, what God is leading you into and you can build multiple streams of income in order to build wealth in your life.

[00:29:13]>> Now, I want to read to you. I'm looking down here at my phone to read this. in the parable of the talents uh in in Matthew chap 25 and I'm going to read that from the actual message Bible which is my favorite rendering of this verse of this passage on the parable of the talents and let me go to verse uh let me go down here to verse 15 I think it is uh in Matthew yeah Matthew chapter 25 >> uh I got to go to chapter 25 here. I'll just go to verse one. And so as he's talking about this in the message Bible, this is really a powerful passage because in verse 14, he talks about a man going off on a trip >> in Matthew 25. And then the Bible says, and this was interesting because the Bible says in many of the translations, in fact, all all of them reference it, different translations, that the man gave the talents. And this is so important to understand. He gave the talents. The Bible says depending on their ability.

[00:30:23]>> So we know that the master here actually gave one five talents. But it said that that God doesn't just give the talents arbitrarily.

[00:30:34]>> That God gave the talent depending on their ability. So evidently the master must have observed what the man was doing or the the one we're delegating this to. And then he gave to one five depending on his ability to one two depending on their ability and then the one one the Bible says depending on their ability. And so what's interesting if if you go all the way down you read the one with the five took the five and doubled it. And then the one with the two took the two and doubled it. But the Bible, I'm going to read this, but it says, "The man with the single thousand talent dug a hole and carefully uh and carefully buried his master's money." And then it goes on to say, "After a long absence, the master of those three servants came back and he settled up. And he said to the one the one who had five came back and said, "Lord, I now have 10." And he says, "Well done." The one with two came back and said, "Lord, I now have four."

[00:31:45]Right? And he said, "Well done." But then he said, "The servant given the one."

[00:31:52]He said to the master, he said, "I know you have high standards." This is what he said to his master. "I know you have high standards. You hate careless ways that you demand the best and make no allowances for error. I was afraid I might disappoint you. So I found a good hiding place and secured your money.

[00:32:13]Here it is safe and sound down to the last scent. The master, the Bible says, was furious. He said, "That's a terrible way to live. It's criminal to live cautiously like that. If you knew I was after the best, why did you do less than the least? The least you should have done was invest the sum with bankers where at least I would have gotten a little interest. So he's the master's correcting this one cuz this person was afraid to take any kind of risk. In fact, he said that here because in the very next verse, it says, "Take take the one from him and give it to the one who risk the most."

[00:32:56]>> And so, anytime that you're investing, anytime that you're moving forward to start a business, anytime you're moving forward to buy a piece of real estate, there's always an element of risk. So he said, "Give it to the one here who risks the most and get rid of this play it safe who won't go out on a limb." And so honey, some people are just afraid to take any risk at all. And because of that, they don't move forward. So if you're watching today, being willing to take a risk and trust God to step out on something, you have to learn like we're talking about. But to trust God, there's an element of risk. I like to say it this way, life is so risky, you're not even going to get out alive.

[00:33:42]>> It's true.

[00:33:43]>> So, the risk was there. So, to build multiple streams of income, it's important that you learn to step out and take a risk.

[00:33:53]>> Well, I think the good thing too is the one with the one I mean, the master saw something in him.

[00:34:01]>> Yep. He saw something.

[00:34:03]>> So, he saw potential.

[00:34:04]>> Saw potential. He knew he had a talent.

[00:34:08]He was just giving him something to have the opportunity to grow, >> right?

[00:34:14]>> And I think that's where he missed it.

[00:34:17]>> And that's why you have to look at failure, >> right?

[00:34:20]>> Because sometimes you'll you'll you'll uh you'll experience things that don't work in the way you thought they were going to work. M >> the issue you have to know if you're going to be a wealth builder is that failure is not final.

[00:34:35]>> Oh, it's your greatest.

[00:34:38]>> It literally needs to become your platform to to the next step or the next level that God wants to bring you to.

[00:34:48]And so if you understand that failure is not final, that failure really is learning and moving forward with what you've learned. And listen, the devil will try to beat you up when whenever you experience failure. He'll try to tell you how much of a of a failure you are. He'll magnify your mistakes in your mind. But you have to understand the key is learning from those and being resilient. And there are many many stories not only in the Bible of people's failure because sometimes people's failures are the best teachers, right? Mhm.

[00:35:24]>> But also you can read stories and biographies and autobiographies of people's lives.

[00:35:32]And we could share I may put I may put some of our greatest failures in a book of our own life of things mistakes we made. But we're still here. We're still breathing. And God has blessed us and increased our life because you have to be willing to step out and take some risk. Well, >> you know, it's a mindset.

[00:35:54]It is >> you look at failure as a growth opportunity or you look at success as a growth opportunity.

[00:36:02]>> That's correct.

[00:36:03]>> But both of them are growth opportunities. And what do you mean by that? It means you're developing. You're growing. And so you're giving the Lord more opportunity to use you >> and take you to the purposes and plans that he put in you.

[00:36:20]>> That's correct. And that's honestly that's how the gifts that he puts in you flourish. Yeah. Is when you take the steps to be able to do that. So that's really what Wealthbuilders is about.

[00:36:32]>> Wealthbuilders is not just teaching you what you should do. Wealthbuilders is teaching you how to do it. We >> It's what you learn. It's not the fruit you're going to get.

[00:36:43]>> Right.

[00:36:44]>> The the Lord promises you the fruit. You put in the hard work, there will be fruit. But that's just the blessing.

[00:36:51]>> That's just the blessing of it.

[00:36:52]>> The growth is what you become.

[00:36:55]>> That's right.

[00:36:56]>> In reaching the fruit that's going to come from it.

[00:37:00]>> Yeah. It's really what you become.

[00:37:01]>> It's what you become.

[00:37:03]>> We like to say it this way. You have to be aware of what you're becoming in pursuit of what you're getting. So you have to ask the Lord, Lord, what do I need to become to do all that you want me to do? And then you can ask yourself the question Lord who do I have to become not just what the first question is what because what is more objective >> who is more subjective so it's always better to ask what do I have to become >> and then the second question is who do I have to become in order to do all that you've called me to do and if you can answer those questions then multiple streams of income you can begin to discover cover. You can begin to see those and God will bless you and he'll bless the work of your hands. He'll bless the work of your mind as you move forward in order to obey what God is telling you to do. Well, honey, let's take a break here for a second because uh in the teaching, I know uh we need to take some time for Q&A and some questions and answers. And we just want to thank everyone for joining us uh on this today. And I think we'll turn it back to to Farah.

[00:38:22]>> Yes. Yes. Thank you so much, man. That was powerful. Thank you so much, Billy and Miss Becky. Uh that was really awesome. I've got a ton of notes here.

[00:38:32]And uh we also have a ton of questions uh here that we're going to uh throw to you. But I want to just invite our panels um uh any of our panel guys if you want to uh just share any thoughts uh before we go to the Q&A. Something that stood out for you. Uh we're going to start with you, Mike.

[00:38:56]Well, I think it's great what Billy says that not only will wealth builders teach you what to do, but it will also help you what not to do. So, I think that is a great point, Billy. And uh something that is very simple, but people need to know that. So, thank you.

[00:39:14]>> Karen, you want to go?

[00:39:19]>> You're muted.

[00:39:20]>> I think you're on mute. You're on mute.

[00:39:21]You're going to have to unmute.

[00:39:22]>> Thank you. That was amazing uh teaching Billy and Becky and encouraging. I think one of the takeaways is um that there are multiple ways that we can make money. But the thing that stood out is to be fruitful before you multiply. And I think that is um really helpful because sometimes things are moving so fast, we're trying to gain traction in areas that you know we have to look and say, "Wow, is this something worth actually multiplying?" Uh, so I thought that was super helpful.

[00:39:55]>> That was awesome. Thank you. Hey, Troy.

[00:39:58]>> All right. Thank you. So, yeah, I'll echo what Karen said about being fruitful before multiplying. We talk to so many people every day who they think the answer to their problems is I've got to multiply and they want to skip the be fruitful part.

[00:40:13]>> It's kind of risky doing that. And I really like the point you brought out too, Billy, about the need to take risk.

[00:40:18]How that's pointed out in the scripture.

[00:40:19]And I love how Jesus says it in in the message as well about uh give it to the one who who risked it all. Take it from the play it safe and give it to the one who risked it all. And and I love how that's worded because there does have to be risk. And that's a beautiful thing about being part of Wealthbuilders, too, is because you can take a risk, but it's a calculated risk because with what Billy and Becky have have taught us all at Wealthbuilders and what we continue to pass on to you is how to calculate the odds on that so that you're minimizing your exposure and maximizing your potential for a return. You still take a risk, but it's a calculated risk because of those principles.

[00:40:57]>> That's awesome. Thanks, Troy. Frank, >> what more can I say? Actually, you guys just gave it a nice uh view from a practical point of view rather than the high in the sky stuff, which is awesome.

[00:41:13]And one thing I think you pointed out that a lot of people not may not realize they have is intellectual property. You may have some stuff out there that you know more about than anybody else. And that's something to to consider.

[00:41:27]>> Awesome. Thanks. Thanks, Frank. And so we have some questions here uh from some of our guests tonight. And so I'm going to throw them out to the panel and please feel free to jump in and answer.

[00:41:37]Uh we have here Ruth Chinyama. She says, "What do you think of investing in a transport business?" And she says, "In my country, it's called a taxi business.

[00:41:48]Is it a good business?" So she's talking about uh transporting, you know, people.

[00:41:54]Billy, you would know in Uganda they have probably small minivans and buses that transport people from place to place. That's what she's talking about.

[00:42:03]>> Yeah. I think you know any of those businesses like that. First of all, let me say this. The most successful businesses, this is kind of an old marketing business saying that you find a need and fill it. And we know that in many of the countries in Africa, public transportation is a vital uh is a vital opportunity because there's such a need for it. In fact, in Uganda, not only do we see, for example, in the transportation business in Africa, we not only see, and by the way, it's in many other countries in Africa. I'm using Uganda because I've been to Uganda so much. But you see in Uganda for example the the need for public transportation because they have uh not only the vans not only the buses but you also see the boaas the the the small motorcycles and sometime I mean I've seen as many as four people riding on one boa and so when I've asked you know how much does it cost to go across the the city it's somewhere between a th000 shillings And if you've got a longer trip for one person, it's 10,000 shillings. That's Uganda shillings. So the point of that is is that that anytime you find a need and fill it, there's a there's a legitimate business opportunity there in order to be able to meet the need. And one of the other thing that you have to look at is what is the competition? In other words, how much competition is there? So when you look at that there's a lot of competition. However, if there's enough need then the competition is just simply healthy for you. You learn to get better. You learn to get smarter. You you learn to get wiser and you learn to compete. But a transportation business usually anywhere in Africa is a good idea. I want to give one last thing on this that's real important and that is is that you you whenever if if you really want to be successful you have to learn not just to work in the business you have to learn to work on the business and so that that is a very uh kind of common saying that we have when it comes to business but the reason I'm saying that is the ones that I've seen that have built the best transport transportation businesses.

[00:44:35]They learned to be fruitful. So, they learned what the needs were. They got in there. And you have to remember the first two years you have in business, they're really learning years. If you can make a profit, then we say, "Praise the Lord." When you do make a profit uh in it, but what you have to do is learn to to literally learn to be fruitful, to know what to do, what not to do. Then you want to multiply. And multiplying is where you then start hiring other drivers by other types of of for example I know some some of them that have five boa boas. Well you can't you can't drive five boa boas yourself right? So you have to hire other people. You furnish the boa boa. You hire them. I know some who actually will contract out to others that own bodabotas. So the point is you have to learn to multiply. That's what I'm saying. You have to learn to multiply. So, transportation business is a good example to learn how to do that.

[00:45:33]>> Thank you.

[00:45:33]>> Awesome. Thank you, Billy. Uh, we have another question here from Florence and she says, "In business there are risks.

[00:45:41]Is there any advice you could offer a beginner on taking calculated risks? Is there a framework or a tool to help ensure you do not completely overwhelm yourself?" Well, I know a tool. You can come to Wealthbuilders next month.

[00:45:56]that's gonna help me. But I'm still going to throw it to the uh platform.

[00:46:02]>> Yeah, let the coaches let some of the coaches answer that.

[00:46:10]>> Anybody want to take that? Business calculated risks.

[00:46:13]>> You know, everything you do in life is a risk. You go out the front door and you drive, you know, you drive to work, that that's a risk. And um the thing that you have to do though is with education and with experience and with faith you can minimize that risk somewhat. And uh you also have to realize that there are times when your risk tolerance is going to be different than other times. For example, if you don't have good health or something's happening in your life uh or you're down to your last dollar, those are those are things that are going to really affect your risk tolerance. So, make sure your risk tolerance is is in good shape before you make the leap. But don't wait until everything's complete before you step out in faith.

[00:47:03]>> Thank you. Thanks, Frank. We have another question here from Karen. She says, "Thank you so much for a great session. My question is, I am wondering what your thoughts are about angel investing as an income stream.

[00:47:22]I pro I probably should take that one. I I don't I don't know if they mean if they're going to be an angel to make an investment and have an income stream or if they're taking angel investment to for their business. If you're taking an angel investment, that's not an income stream. that that literally becomes a a a debt, so to speak, that you would have to pay that angel investor back. It's not technically a debt. It's because typically angel investors take equity, for example, in in the business that you have, but they want a return on that equity investment. So, it's the if if you're taking angel money, that's not an income stream. I want to be clear on that. That is a that's a that is a uh investment someone is making in your business that at some point has to be returned and there's a return on the return that has to be paid back. Now, if you're an angel investor, then how you invest could actually become an income stream because at some point you'll start getting a return back or you should start getting a return back on the money that you're uh that you literally are investing. So anyway, I just want to make sure to make a distinction that if someone is if you are receiving an angel investment, that is not a stream of income. If you are an angel investor, then you're you're wanting to invest in businesses that you can make a return back on. That's legitimate. Just know what you're doing in the businesses that you're investing in.

[00:49:07]>> Thank you. Thank you so much, Billy. And we have another question here from Josephine Amia. She says, uh, any thoughts on virtual assistance business?

[00:49:18]what I need to do, what not to do in order to succeed in this side as an income.

[00:49:25]>> I think one of our business coaches ought to take that.

[00:49:34]>> I can take that. Um, I'm wondering with that the virtual assistance business.

[00:49:39]So, I'm thinking what you're meaning is how do we lean leaning into AI to assist with your business? If you mean something else, go ahead and chat that.

[00:49:50]Um, or it could be you might be meaning virtual assistance business, meaning you're gathering people together to offer virtual assistance. So, I'll just comment in general about AI. One of the things that we're really seeing is that AI is here to stay. And I think that AI is something that we need to learn how to incorporate in every part of our business. Um, there's definitely some lines there, meaning that we don't want it to create content. We want to actually have it curate content. Um, those types of things. We actually teach quite a bit about this now in the business school and Ray Patterson is is actually very very good at teaching about virtual assistants. But there are a lot of tools that are available right now virtually and through AI that I think are extremely important to tap into. Um, and so I would just encourage you to definitely look at what's available in AI, but also look at what the parameters are and making sure that there's a human person around it and how it fits into your overall business plan.

[00:50:55]A matter of fact, in our business coaching and our real estate coaching, we have incorporated AI into every topic because it is uh very very important that we understand how to use that tool.

[00:51:10]Thank you so much Karen. Uh we also have Kelvin here. He says, "How do you start a business in an industry that technology is already disrupting? How do you know whether to still build in that space uh pivot the service or choose a different industry?" That's an interesting question.

[00:51:31]You can't be getting into typewriters when computers are coming.

[00:51:36]>> You're going to be in trouble. Mm-m.

[00:51:39]>> Anybody for that?

[00:51:44]>> I'll chime in a little bit. So, anytime you start a business, it's good to start in an area where you already have skill and knowledge and wisdom that you can apply in that business. So, as Tara uh did say, you don't want to start a typewriter business in the age of a computer, but there's still a lot of things that would transfer because now you could teach people who were your typewriter clients how to step into the computer. So, there's a way to transition and do that. But if you start in an area that you know nothing, your learning curve could be longer than the growth curve in your business. You might miss a lot of opportunity. If you're thinking of starting a business in an area where you don't have experience, then you might go find a company that can hire you and start working for that company or working for that individual where you can learn those skills and develop it before you launch into that business.

[00:52:38]>> Very good.

[00:52:39]>> Thank you. Thanks, Troy. Uh Tiso here says uh once you've failed in business in a business venture and there is debt acquired what's the best recovery journey from there? I would assume no risk should be taken in this space or how much risk can be taken while recovering from debt?

[00:53:01]Good question.

[00:53:05]>> Are they saying they had debt?

[00:53:07]>> They failed.

[00:53:08]>> Yeah. So they started a business or tried to start a business and they acquired debt and uh it didn't work out and so now they have debt but they want to launch into a new project. So they're asking how much risk can they play with in that uh time period where they are trying to get out of that debt from the first project?

[00:53:29]>> Well, I'd have to know their particular uh situation and their particular obligation in debt to answer that. But not knowing that, what I would say is is that you still have to keep trying. In other words, you have to keep swinging the stick. You got to get up and be able to, you know, take another hack at the ball as we would say it to use a ba a baseball metaphor or illustration that you have to get back up. Just because you strike out doesn't mean that um you don't you don't try again. And I think that's that's really the part because you should be a little bit smarter from the failure when it comes to understanding the debt you have. Then that would be something separate that you would still be obligated to be able to pay that debt depending on who it's to and how it's structured and all the different pieces that are there. But it doesn't mean that you quit trying just because you've had a failure and you owe money. Uh, and so I think somebody would ask me, well, do I need to pay it back first? That's usually smarter if you have a way to do it. But a lot of times that we find, for example, in people in developing countries that we find in Africa, there's not a job they can just go get. Typically, some some in some areas you can, and if you can, then it's good to go get some income and be able to handle the debt. But on the other side, don't quit trying in what you feel like God's called you to do.

[00:55:02]>> If I could just comment, April and Colin Carr are a great example of this and they share it publicly and they've shared it on wealthbuilders that they were at a point where they had to sell everything and they did exactly what Billy just described and they kept swinging the stick and where they are today is absolutely phenomenal. Um, so that would be a really encouraging story. Collins on our podcast, so you could go back and listen to some of those. And uh I really like what you said, Billy. That's very encouraging.

[00:55:32]>> Yeah. I had um an example. We had a u a lady >> that um I don't remember what the business was, but it it failed and she had debt. And so she prayed about and the Lord told her to go out and um drive a car. It was in where you know you do people like Uber things like that. And so she did and to make the money to start paying back the debt and take care of her family. Well, in the middle of that one time she was waiting for a call to go pick up somebody and the Lord spoke to her and he says, "What do you see in this job?" And so she got to thinking about, she goes, "Well, what I see is is that um women have a hard time because they usually have their kids in a bunch of a bundle of this and all of that." And he said, "Well, how could you use that?"

[00:56:30]So out of that came then she started advertising for moms and she had like car seats in the trunk. Uh she had toys to entertain the kids. And so it she made a whole business of just helping moms. And so the Lord can show you even in your worst of times.

[00:56:54]>> That's right.

[00:56:54]>> Even when you think you're out just driving a car to put food on the table, God can speak and out of that create something that nobody had ever thought about.

[00:57:05]>> That's great.

[00:57:06]>> Amen. Amen. Thank you so much. I think we only have time for one more question.

[00:57:12]So, we're going to uh throw one more question out there and then we'll wrap it up. And this is from Olam Olamid. She says or he says, "I'm almost 30, thinking about going back to school in Canada for interior design even though it would take around 4 years. I've always been interested in business and I feel drawn to creative and entrepreneurial side of the field. Part of me, part of me feels like God has placed this desire in my heart while another part of me worries I could be wrong. I would appreciate your honest thoughts on how to navigate this.

[00:57:54]Well, I would say that uh you're going to be 34 in four years anyway.

[00:58:01]>> You're going to be doing something.

[00:58:02]you're going to be doing something when you're 34 and so you might as well swing the stick and go try go put your hand to the plow and because you're going to be 34 anyway in four years and so the issue becomes what are you becoming in those four years so going back to school even if you decide not to use it right even if you decide I'm not going to go that way well at least you get to check that box and said I tried it I I'm I am or could be just the opposite. You're going to be really you're going to really learn, really be successful, and the Lord can be using that for a path for you to go on. So, the way I look at age, and I I did this because I went back to school uh when I was in my early 50s, right? And so, I went back and got my NBA. So I I think you know what I realized was cuz I was retired at that point. I look I'm going to be this old in in four years anyway. In my case it would have been three years because it was a master's program. But you go you go back you do it you learn. You check it off. If you say I'm going to use it, praise the Lord. In my case I've obviously used it. That's why I do one of the reasons that I do what I do at Andrew Wack Ministries, Caris Bible College and now God TV and the other things around the world. So, but Wealthbuilders, TriRicord, all of that becomes a part of the process of of what you go go through and learn how to do.

[00:59:34]So, my my answer to those kind of questions is in that length of time, you're going to be somewhere anyway. So, you might as well take the time and use it for something you feel that God is calling you to do.

[00:59:47]>> Gain some knowledge.

[00:59:48]>> Gain some knowledge.

[00:59:50]>> The worst thing that happens is you check it off. Say, "I tried it."

[00:59:56]>> Awesome. Thank you. Thank you so much once again uh Billy and Miss Becky for such an awesome awesome uh teaching tonight. Uh lots of inspiration, lots of information, life-changing information.

[01:00:09]And uh guys uh I want to remind you again that for all of you who've registered, we're going to be uh sending out the replay uh of this broadcast later and I would encourage you to go and listen to it over and over and over again. I can assure you, you'll learn something new every time you listen to it. Something sticks out and it's going to help you maximize on uh on the time uh that you spend uh with us here tonight. And uh our next podcast, our next webinar is actually going to be on the 20th of uh May. That's next week, Wednesday. And this is at 6:00 p.m.

[01:00:44]Central African time, same time. And uh it's going to be with uh Dave and Karen Metaf. And the topic is going to be building income and stability in today's economy. And so uh I encourage you to register uh straight away after this um uh webinar. uh you want to join us and also another reminder is our wealth builders conference our wealth builders Africa conference that's next month uh June the 19th through the 20th here yeah here in Johannesburg South Africa and for you guys who have joined tonight we have a special discount code that's WBA all in caps 26 WBA26 we also have a QR code on screen uh that you can scan and register I would encourage you to do it right away so you can take advantage of um this special offer. Part of learning how to build wealth is to be able to spot a good deal when you see one. And this is a good deal. And so uh get get yourself a good deal. I'm going to turn it over uh back to Karen uh to to send us off.

[01:01:52]>> Thank you. Thank you so much. Thank you, Billy and Becky, for being on today. It was so amazing. And thanks to all of you for being part of our Wealthbuilders family. It's really great. We've got people from all over the world and we really look forward to seeing you in Africa and I just want to let uh those of you know too that if you want to sew into this wealthbuilders conference um and maybe you can't attend but you want to help support it, we invite you to become a partner or be a part of what we're doing in Africa and you can follow this QR code and um we're really reaching people all over the world. So, thank you so much. God bless and have an amazing rest of your day or evening.