Multiple Streams of Income you need to build so that you don't rely on your 9-5 job forever
#Episode 3 - Money Playbook - A 'Reflection Shorts' Series by Gourav Khanijoe
It’s cliché to talk about ditching the 9-5 for financial freedom—it’s not easy!
It’s because only a few folks discuss actionable steps, making it hard to start. That’s where the "Money Playbook" comes in. Let’s break down the basics today and we will build solid grasp and derive actions over the course of this series!
Hiking for Mountains and Trees
I love hiking and marveling at the unique shapes of mountains and trees. It’s amazing how a few scattered seeds grow into such stunning sights.
Just like that, we can grow our own Money Trees—not just one, but many! Let’s explore the 3 wealth mountains you need to climb and how to grow Money Trees on each.
1. The Investment Mountain
This is the most familiar mountain, where you invest in stocks, index funds, mutual funds, or other traditional assets.
Growing a Money Tree here requires patience and consistency. Use this Three-Step Process:
Screening and filtering (finding the right seeds, aka, growth stocks)
Timing in (waiting for the right weather, aka, when markets are low)
Timing out (harvesting at the right time, aka, when enough profits are made)
The Investment Mountain is the easiest to start but demands a long-term, disciplined approach.
2. The Physical Asset Mountain
Owning Real Estate; Gold; Expensive watches too (??) that grow in value over time.
Building wealth here requires some upfront knowledge and effort. Use the 80/20 principle—focus on the 20% of strategies that yield 80% of results. Your Three-Step Process:
Finding (the right seeds, aka growth potential areas)
Funding (watering them with the right resources, aka maintenance)
Farming (using the right amount of compost to nurture growth, aka nice tenants)
It’s a tangible and rewarding way to grow wealth but takes some groundwork to get started.
3. The Business Mountain
This is the hardest mountain to climb, but it has the most potential for exponential growth. Growing a Money Tree here requires skills, grit, and a strong foundation and the success formula isn’t a 3 step process. Instead, it deserves the full expansion of the MONEYTREE acronym:
M - Build multiple income streams for safety before starting your business.
O - Create an outstanding business that generates value and income for life.
N - Start with nothing or negligible expenses—focus on action, not lavish setups.
E - Be employee-resistant—small, agile teams minimize costs and risks.
Y - Choose a business idea with yield potential, even while you sleep.
T - Trend and timing matter—pick a business relevant to today’s world.
R - Aim for resilient income, not just linear returns.
E - Build something for everyone’s daily use, ensuring consistent demand.
E - Stay fueled by enthusiasm—if you hate what you sell, you’ll never succeed.
In future episodes, we’ll explore exact actions to take to grow your wealth in each of these categories.
That’s it for today 🙏. If you are wondering “What’s a Reflection Short?” Read here. Access full series here. Stay tuned for more episodes and subscribe now!
References
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👋 Hey there, I am Gourav. I write about Engineering, Productivity, Thought Leadership, and the Mysteries of the mind!
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