Denis O’Brien is a Chartered Accountant who is passionate about money and personal finance. Along with his wife Katie Welsh, they run Chain of Wealth a personal finance blog and podcast that inspires millennials to openly talk about money and tackle their financial issues. Together Katie and Denis have paid off $200,000 of debt in less than 2 years and they inspire others to reach their financial dreams by creating easy to understand resources. Chain of Wealth has been featured in USA Today, Nerd Wallet, Rockstar Finance, and other publications. In this episode, Denis shows us how he has set up different passive income streams to reach his goals and how you can too!
In this episode we cover:
- What is a side hustle?
- Why people should consider multiple income streams
- The difference between side hustles and passive income
- How to convert an active income stream into passive income
- How passive income helps build wealth
Passive Income: Ideas For Setting Up Multiple Streams of Income – Chain of Wealth
The Millionaire Next Door by Thomas J. Stanley and William D. Danko
The Side Hustle Show by Nick Loper
Freelance Friday Podcast by Latasha James
School of Ambition Podcast by Dielle Charon
Do You Even Blog by Pete McPherson
Our Favorite Investment Apps:
Acorns – Acorns helps you invest your spare change automatically. Get $5 by signing up today.
Robinhood – Invest in stocks, ETFs, cryptocurrencies commission-free right from your phone or desktop.
Stash Invest – A micro investing app which helps you learn, save and invest.
ChangEd – Analyzes your spending, collects your spare change and puts it towards your student loans.
Connect with Denis O’Brien:
Facebook Group: Chain of Wealth – Invest in Your Future
Be sure to rate and review the show, and if you’d like a shout out on the next episode, screenshot your review and tag me on social media @thethoughtcard!
Danielle Desir Corbett paid off $63,000 of student loan debt in 4 years, bought a house at 27, and has traveled to 27 countries, including her favorites, Iceland, China, and Bermuda. Go here to learn Danielle’s incredible story, from struggling financially and in debt to finding creative ways to earn more and live on her terms. Listen to The Thought Card Podcast, where Danielle shares how you can creatively travel more and build wealth regardless of your current financial situation. Reach out to Danielle by contacting: thethoughtcard (at) gmail (dot) com.