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The BeHappy! Newsletter, Issue #028
October 23, 2013

Holiday Happiness: Early Planning

Happy Holidays: Start Planning Early/Family

Happy Holidays: Start Planning Early/Finances

Happy Holidays: Start Planning Early/Children

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Volume 028
October 2013

Money and Happiness - Part 3:
Create Multiple Streams of Income for Wealth & Happiness

(the Final Part of this Series on “Money & Happiness”)

Hi there...

If you’re one of the hundreds of new daily visitors to or a new subscriber to this BeHappy! Newsletter... welcome aboard! And, if you're one of the regular happy visitors to or readers of this newsletter, welcome back!!

I’m Jimmy, and my mission is to improve your life dramatically by making it a bit happier - or, better yet, a lot happier - everyday.

I am a doctor, corporate executive, entrepreneur, author, and speaker. My wife (Jill), our 7-year-old daughter (Joie), and our 3-year-old daughter (Jae) live in Tampa Florida and Newport Beach California.

Through this newsletter, my website (, my books, E-Coaching, and other BeHappy! products, I am committed to improving the lives of as many people as possible. So, I would love to hear from you on how your life has changed by using the BeHappy! system, or how I can help improve your life more by making the system even better. Just click here to contact me and I’ll respond to you personally as soon as possible – or just give me your happiness tips, comments, suggestions, stories, or thoughts to share with others.

Here’s to your happiness and to having the kind of life you want to have!

BeHappy! my friends

Inside this Issue

Introduction to The BeHappy! Newsletter
(for new subscribers)

Happiness Facts

Follow Up to the Last Edition’s “Actions”

"Money and Happiness" – Part 3: Creating Multiple Streams of Income

Actions for the Next 60 Days to BeHappy!

What's New at

INTRODUCTION for new subscribers
(prior subscribers – skip down to the “Happiness Facts” section)

The purpose of this newsletter is to provide a regular and consistent supplement to the action-oriented process found within my website - - and in my book, BeHappy!

It is intended to make a powerful contribution to the amount of joy and fulfillment in your daily life by providing regular tools, reminders, and strategies to: This is far beyond a “How To” concept. It is rather a “Do” system, which, when used in conjunction with the BeHappy! book and The Happiness Academy (coming in early 2014), helps create your own personal “Happiness Plan” for your life. If you want a template or “blueprint” for this Happiness Plan, click here and you can get it free.

Also, make sure to get my free “Happiness Formula” Video Course just by clicking on the link in the box at the top right (just under the great "income opportunity" box) or just click here. It will change your whole perspective on happiness – and on life in general.

Since my goal is to help make people happier, though, it’s best to first get my book, BeHappy! to use along with the Happiness Plan template, the video course and the website to achieve maximum benefit (yes, that’s partly a sales pitch — but it’s true).

So, I'm making it a "no-brainer" for you to get it right now for 50% off and a FREE gift Ebook...

Order Now For 50% Off (just $7.50)
And get a FREE Copy of "BeHappy! at Work"

Click here to order BeHappy! from

Or to order directly from me for a
50% discount (just $7.50)
and get a FREE copy of
BeHappy! at Work
just click the "Buy Now" button here...

MY GUARANTEE TO YOU: While much of the information here at is free, I want you to BeHappy! with anything you purchase on this site; our reputation depends on it. So if you are not satisfied with anything you buy on this site, for any reason whatsoever, simply contact me and I will have a refund check cut and sent to you immediately - no questions asked.

  • According to CNN, there are 86 Million “Invisible” Unemployed in America. According to John Williams, an economist, the true number of people currently out of work is at 23.6%.

  • From 2007 to 2010, typical families lost 39 percent of their wealth, according to the Federal Reserve’s Survey of Consumer Finances, done every three years. In 2007, the median family net worth was $126,400. In 2010, it was $77,300, according to the survey.

Why Talk About Money
In a Happiness Newsletter?

As discussed in Part 1 of this series, money is part of some people's
Definition of Happiness.
If it is not part of yours, then money and happiness will not be as linked (although it seems there is at least some link for just about everyone). This series, therefore, is mainly for those of us who do have a money and/or wealth component to our
Definition of Happiness.

Follow Up from the Last Edition of
The BeHappy! Newsletter

The August edition of this newsletter was the second part of a 3-part series on “money” and happiness – dealing with the concept of what most people call a “job” – and the role of what I call your “primary source of income”.

We discussed how most people don’t love what they do “for a living” (and most even hate it). We discussed how, if you are one of those people, you can learn to love what you do – or perhaps even find a way to change to do what you love (click here to learn the difference).

Did you spend the past 60 days since that edition of the newsletter answering the questions I posed? Those questions were:
  1. What are you passionate about in your life?
  2. How does your “primary source of income” (i.e., your current “job” or career”) relate to your passion(s) – if it does at all?
  3. How can you incorporate more of what you are passionate about in life into your current “job” or career?
  4. If you feel there is truly no way to incorporate your passion(s) into your current job (although there usually is a way – even if it’s not obvious at first), then do you either need to make a drastic change in your career or is it a MUST that you start creating an additional source of income which could eventually substitute for your current source of income?
What were your answers to these questions? Did you take the time to answer them honestly for yourself?

If not, do it now (if money and wealth are part of your Definition of Happiness and you want to make a higher income). Stop reading and answer them honestly.

The bottom line is that, if you work for a living (in other words, have a “job”) – to pay your bills and provide for your family’s necessities – then it is essential that you are doing something you are passionate about and that you love doing. It starts by first answering those 4 questions above.

Once you’ve done that, you’ll be ready to move on to the topic for this edition of The BeHappy! Newsletter...

Multiple Streams of Income
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True financial security is rare these days. Unless you have achieved complete, permanent personal financial freedom, meaning you have accumulated enough wealth to live off the interest of your money and investments without ever having to work again if you don't want, true security doesn't really exist. Even if you have been employed at your current job for many years and your company seems very stable, there is no real certainty that things will remain the same.

Our economy is very fragile and businesses merge, downsize, and fail regularly. This is even more likely over the next few years as our global economy changes (which is almost a certainty). And really, there is no such thing as true long-term company loyalty anymore anyway. Because of this, therefore, creating multiple income streams is a great way to build financial stability for many people.

The concept is basically this…

Starting with your current income (whether it’s zero or $500,000 per year or more), increase that income by adding various other revenue streams to your life by creating one or more cash-generating “businesses”.

Graphically, it can be represented like this…

It's a relatively simple concept, where basically you "diversify" your income by generating cash flow from several sources. Ideally, the result is a situation where you are making, saving, and investing much more money than you were making with just your "job". And, from a "security" perspective, if things got worse in the economy, you could lose any one stream of income (including your current job) and still be fine financially.

As great a concept as it is, though, it isn’t necessarily the best strategy for everyone. Some people, for example, are better suited to stay focused on one primary source of income since creating additional income streams is not easy and requires time. So, unless you can quickly and easily create true passive income - which is entirely possible - you may risk damaging your primary source of income, since the skills required and the demands on your time could grow with each stream you add if the income is not passive (see the box below for a definition of "passive income").

Here are a few questions you should consider before implementing a multiple streams of income strategy for yourself:
  • Is more income, money, and/or wealth part of your Definition of Happiness as described in Part 1 of this “Money & Happiness” series?
  • Are you someone who can manage multiple activities, goals, objectives, and pressures or do you operate more productively by focusing on one thing?
  • Are you able to manage your time well enough to manage the complexities associated with several business or investment processes?
  • Do you have a passion for something outside of your primary source of income that can generate income for you?
  • Does your job require such intense focus and time that you would be jeopardizing your primary income by trying to take even minimal extra time away? NOTE: If this is the case, then it may be even more important for you to generate extra income streams so that you don’t have to devote so much time to your job (unless that’s what you enjoy and want to do).
  • Is the freedom you could achieve by creating multiple income streams worth the time, effort, and risk associated with this strategy?
Once you answer these questions, if a multiple-streams-of-income strategy does fit your personality and aligns with your goals (both personally and financially), then you must use a systematic and organized approach to create your various income streams.

You must assess all the possibilities and you should start small. First, for example, it is easier to create multiple streams of income when you build from what you know and love.

IMPORTANT CONCEPTS: The ideal sources of extra income should take relatively little of your time – at least at first. If you have a full time job which must remain as your primary source of income, for example, you don’t want to be tied down to working many hours at a second job. This is not the objective. It is important to look for income streams which can generate good income (better yet, substantial income) with relatively little time. In fact, the ideal extra income source is one that can generate cash even when you’re not working at it...

PASSIVE INCOME: Income received on a regular basis, with little effort required to maintain it. Examples include: rental real estate (where you don’t personally manage the property) and earnings from internet advertisements on websites.

RESIDUAL INCOME: Income received by doing something once and receiving the income from it for the rest of your life. Examples include royalties from books, music, patents, or works of art.
Like with most other things in life, there is a right and wrong way to go about implementing multiple streams of income into your wealth building system. For example, it is important to start small. You don't have to create several streams of income all at once. Make it a gradual process. The wrong way is to get all fired up and launch a new website on the internet, begin stock investing, and buy your first piece of rental real estate all in the same few months. This is the financial equivalent of running before you ever learn how to walk. The likely outcome is you will fail. Succeed by building one stream of income first, then use the freedom created from that success to create additional streams.

As a very basic summary of the process, here are the 3 steps to take to begin a multiple streams of income stategy:

Step 1: Start with One. Begin by picking one stream of income that you are deeply passionate about. Open your mind. In order to create multiple income streams, you have to think a bit differently than when your life involves only one primary source of income. You probably have to “think outside the box”. You can (and should) use any skills you have developed which are related to your work or hobbies to generate profitable ideas. Although not really creative, as a simple example, you could use your experience and expertise to consult with other companies and freelance your services on evenings and weekends. This is obviously very time-consuming, though. It requires your direct involvement and takes away from your free time on weekends or evenings (see step number 2 below).

The point here in this first step is to come up with ways to build an income stream and do the research needed to understand the process fully. For some people it could be investing in stocks or rental real estate. For others it might be starting your own income-generating website on the internet. Yet others might want to start with a network marketing business. Whatever it is, your first stream of income should be something so personally exciting that you would do it whether you ever made a buck at it or not. And, again, ideally it is something that can be (or become) either passive income or residual income. Master your first stream of income and in the process you will develop the necessary foundational skills and abilities that can then be leveraged to develop other streams of income. Seize new opportunities. Don't be afraid to take some risks and get outside your comfort zone. Nothing worthwhile comes without a little uncertainty. Always keep an eye out for changes on the horizon.

Step 2: Make it Passive for You. Once you have gotten your first stream of income going, it is important to "systematize" that stream so that it no longer requires your limited time and attention. In the example above regarding using your knowledge and experience to consult on evenings or weekends for income, it’s better to leverage your abilities by creating more passive streams of income, like using that knowledge and experience to create an information product, like an ebook or video course (which can be done in a few days – or even a few hours) and sell it on the Internet. Don't limit yourself. Again, think outside the box. Systematize your income and make it passive, then go on to Step 3.

Step 3: Create Additional Streams Of Residual Income. Once you have solidified your first income stream to produce passive or residual cash flow without your involvement, then you can use your extra time to add additional streams of income. This is done by intelligently adding additional revenue streams that leverage the skills, knowledge, and network you created in the first stream of income so that you aren’t starting from scratch on each additional stream. This is a key point.

Obviously, all this is not easy. It is a relatively simple concept, though – one that anyone with a Definition of Happiness that includes money, wealth, or just a higher income and greater financial security can do successfully (and have fun at the same time).

You must work smarter, though, not harder. Choose opportunities that require the least amount of your attention. Seek passive and residual income streams. Buy rental property or become a network marketer. Manage your money soundly.

CLICK HERE now to get more information on this subject – including a list of ideas you can use to generate additional income streams.


Like everything in life, the old saying, “practice makes perfect” applies to happiness, too. By using the tools and concepts in the book, BeHappy! - and applying the principles found at and in this bi-monthly newsletter - you'll get the coaching and the “practice” you need to lead the happiest possible life.

It takes daily action to get “perfect” at it, though.

So, if you have read previous editions of The BeHappy! Newsletter you know that every issue provides some simple action-oriented exercises for the next two months (until the next edition of the newsletter) which relate to the main subject of this edition of the newsletter to help make happiness a habit.

Just a few minutes of focus every day and you’ll be laying the foundation for the happiest possible life - both for yourself and for those you love.

If you do these things, I can promise you’ll notice a big difference in the quality of your life.

You will BeHappy!

Actions for the next 60 days:

Take these actions over the next sixty days and by the time you receive the next edition of the BeHappy! Newsletter (in December), you could be starting to generate your second stream of income (or maybe, for some people, your first).

Actions to Take:

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1. First, before you do anything else, if you haven’t already done so, check out the “Rippln” Passive and Residual income opportunity presented in the past three issues. This could be your first additional income stream, so just take a few minutes to check it out now by clicking here or on the big orange icon in the box to the right. It’s not for everyone, but it will only take a few minutes of your time to check it out and, if it is something that interests you, I think you’ll be happy you did. Just make sure to really learn about it by watching several of the videos so you can grasp the potential of this opportunity.

You can make a significant passive and residual income by just sharing free apps with people (like you probably already do for no income through Facebook, Twitter, email, or just old fashioned word-of-mouth). There is still time to get in on the ground floor of this new social media opportunity as Rippln is still in the early stages of their public launch and is about to go “viral”.

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3. Now, for the next action to take over the next 60 days, take out something to write with and make a list of all the things you could do to generate additional streams of income. Brainstorm. Do it with someone else if possible so you can bounce around ideas. Use the ideas above (Rippln and SBI! to fuel other ideas). Think about what you are passionate about and what you love to do. Can it be monetized? Just about anything can. Figure out a way. Make a LONG list. Take several days to do this. Refine it and make it exciting for you. Use some of the resources at to help you think of ways to generate income. Click here to get some ideas.

4. Finally, before the next edition of this newsletter in December, take at least one action toward generating your first additional income stream. Sign up for Rippln or SBI! Write the outline for your first ebook that you can sell online (with the tools you get from SBI!). Look into finding your first rental property. Buy a book on investing and start learning about how to make money through passive investments.

Whatever really excited you about the list you developed in Action #3 above, take some action now toward starting that income stream. Any action is good, no matter how big or small. Just make sure you understand the risks before you jump in. Anything that has rewards (especially financial rewards) involves risks and, sometimes, an investment - both of time and money. So make sure you understand what you are getting into before you take action.


Every issue of this newsletter will keep you up to date on new stuff at so you can get maximum benefit from the BeHappy! system. You can access any of these quickly by just clicking on the links in the list below.

Here's what's new at
  • Make sure you get my FREE Happiness Formula Video Course...A 5-Part video course on my “formula for happiness” by clicking here. It’s a gift from me for being a loyal subscriber.
  • As always, there are new Quotes & Poems added to the website every month or two. At this point, there are well over 1,500 quotes there for you to read, use, and share. Click here to read the latest collection of quotes on happiness, success, wealth, motivation, and spirituality.
  • The Happiness Academy...A complete 6-month "happiness course" which will transform your life (I was hoping this would be ready to start by now, but I am behind and I am targeting the beginning of 2014 to get it going). Just click on the red button here to check it out...
And much, much more.

So until the next edition of The BeHappy! Newsletter in December...

Thanks for being a loyal subscriber and...

BeHappy! my friends

If the information here at helps you and you'd like to make a donation to help make others happy, please click on the "DONATE" button below to make a contribution. The amount you give is entirely up to you, and would be greatly appreciated. A portion of the proceeds will used to contribute to the happiness of others.

Order Now For 50% Off (just $7.50)
And get a FREE Copy of "BeHappy! at Work"

TO ORDER BeHappy! from click here...

Or to order directly from me for a
50% discount (just $7.50)
and get a FREE copy of BeHappy! at Work
just click the "Buy Now" button here...

MY GUARANTEE TO YOU: While much of the information here at is free, I want you to BeHappy! with anything you purchase on this site; our reputation depends on it. So if you are not satisfied with anything you buy on this site, for any reason whatsoever, simply contact me and I will have a refund check cut and sent to you immediately - no questions asked.

To go to click here now


This site is not intended to provide medical, psychological, financial, legal, or any other professional advice or treatment. The content here at is designed solely to provide general happiness, personal development, and quality-of-life information which can support, but not replace, medical, psychological, financial, legal or other professional consultation or advice. If you need professional advice in any of these areas, please seek qualified assistance and consultation.


I'm Jimmy, the founder and creator of this site and the whole BeHappy! system. My life's purpose is to be a positive, creative force for health and happiness and through this website, my books, coaching, and happiness-building programs, I intend to help as many people as possible live their happiest possible lives.

Click here to learn more.


You'll be helping me help others like you. Let's spread health, happiness, and abundance around the world together. By donating just a few dollars, you will help keep this site alive and help people all over the world to be happy! Any amount is greatly appreciated.

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