Wisdom Wednesdays: Develop Multiple Streams of Passive Income: A conversation with Allen Lomax

I inspire professionals to escape the tyranny of exchanging time, energy, expertise, and talent for money by empowering them to develop multiple passive income streams. Time and economic freedom are core liberating forces that allow us to passionately engage in our calling and significantly impact humanity and the planet.My Story: I'm a seventh grader, and an unexpected TV special on homosexuality comes on. This is the first I've heard of homosexuality. Like a ton of rainbow bricks, I'm hit with the reality that I'm gay. This revelation, combined with undiagnosed dyslexia and schoolyard bullying, led to two decades of persistent depressive disorder. Despite feeling directionless, I graduated college, married, and struggled with dead-end job after job.After divorce and therapy, I earned a master's in counseling, became a university counselor, attained a PhD, and excelled in higher education leadership and real estate investment.The 2008 financial crisis cost me everything, forcing deep introspection. I realize I'm still that 7th-grade gay boy consumed with homophobic self-hatred with an intellectual inferiority complex.Two decades after my first therapy, I confront the core issues. Step out of a closet more significant than a Kardashian's, label the intellectual challenge for dyslexia it is and embrace both my dyslexia and fabulous gayness. Worthy of self-acceptance and wealth, I build passive income, lead in education, and help others flourish.Those schoolyard bullies can call me Suzie—As I live abundantly and flourish, I get the last laugh.Topics;Five drivers that propel financial well-being to live abundantly while passionately engaged in the work of our calling.How do multiple income streams remove the tyranny of exchanging time for money?Transformational growth from the inside out.Contact Info and Social Media Links:[email protected]/in/allenlomax/www.facebook.com/allen.lomax/   Quick recap Michael and Allen discussed the importance of diversifying income sources for financial stability, with Allen sharing his journey of overcoming challenges to build a successful career. They also emphasized the significance of authentic leadership, self-discovery, and addressing core issues for personal growth. Lastly, they explored the advantages of investing in multi-family housing units and offered guidance for professionals seeking to create multiple sources of income. Next steps • Professionals should explore passive income opportunities like real estate investing, starting an online business, or investing in stocks to create multiple income streams and achieve financial independence. • Professionals will schedule a complimentary strategic consultation with Allen at steedtalker.com/strategy to clarify their vision, solve challenges, and get a blueprint for moving from exchanging time for money to financial freedom. • Listeners should consider investing in apartment complexes or commercial real estate due to high demand, stability, and potentially higher returns compared to other asset classes, according to a Federal Reserve Bank study.     Summary Diversifying Income Sources and Conversation Michael and Allen discussed the importance of diversifying income sources, especially in times of economic uncertainty. Michael emphasized how having multiple revenue streams can alleviate stress and provide a cushion, which Allen agreed to. The pair decided to continue an organic, unscripted discussion, with Allen sharing his personaStoryry about a special on homosexuality that exposed him to new concepts. They planned to continue the conversation for around 20 minutes. Allen's Journey to Self-Acceptance and Success Allen shared a candid and personal account of his struggles with dyslexia, internalized homophobia, and intellectual inferiority. He described his journey from feeling like a misfit and outcast in his school years to eventually embracing his dyslexia and sexuality and finding self-a