Diversifying Income

COURSE DESCRIPTION

Many business owners become spendthrifts when money comes in. Don’t burn the money you earn, learn how to diversify your income

This Course is built on The 6 Pillars of Business Success: Doing Business Right
by Roger Doumanian available on Amazon.com

HERE IS WHAT YOU WILL LEARN

Occasionally, we may add new tutorials to this course. All new materials will be marked "new". Please check back from time to time to ensure that you are taking full advantage of new tutorials as they are added. Happy learning!

BEGINNER TUTORIALS

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Introduction to Diversification

In this tutorial, we cover the basics of Diversification, explaining what it is, why it is essential to protect your hard earned money, and how to diversify your funds and assets in a manner that mitigates the risks associated with having all your eggs in one basket.

The Dangers of Having All Your Eggs in One Basket

There is great danger in having all of your eggs in one basket. In this tutorial, we will teach you about the risks of having a single source of income or tying up all of your assets in one investment, whether it be your business, real property, or another source. 

Benefits of Diversification

In this tutorial, we will cover the Benefits of Diversification and explain why the right diversification plan can be a safety net for your business and personal assets.

Diversification Methods

This tutorial covers the basic Diversification Methods used by highly successful business owners and provides a brief introduction for each method as a precursor for the tutorials provided in the Intermediate and Advanced tutorial sections of this Course.

The Source of Funds Needed to Diversify

Diversification is great… if you have the funds to invest. In this tutorial, we analyze the prerequisites of diversification and focus on the funds needed to diversify and the source of those funds. Yep, you guessed it – the source is your business. 

7 Steps to Prepare You for Diversification

In this tutorial, we will provide you with the 7 Steps to Prepare You for Diversification so that you can make wise choices and avoid costly mistakes. Don’t miss this powerful topic. 

INTERMEDIATE TUTORIALS

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Diversifying Your Products/Services

Diversification is not just about putting your money in different places, it also includes diversifying your product or service offerings to generate new and additional income to improve your bottom line. Watch this tutorial to learn the basics of product and service diversification. 

Diversifying Your Geographic Region

In this tutorial, we discuss the topic of Diversifying Your Geographic Region to expand your business into new territories and acquiring new customers/clients as a result. The world is a big place and you are not limited to where you conduct business – learn how to spread your wings. 

Diversifying Your Customers

In this tutorial, we will discuss Customer Diversification. What does it mean, how is it done, what are the benefits? Let’s say you manufacture and sell mens apparel. Will diversifying into womens apparel be beneficial? Learn all about this essential topic now!

Diversifying Your Investments

In this tutorial, we will discuss diversifying your investments into various forms, including other businesses, publicly traded companies, real estate, precious metals, cryptocurrency, and alternative investments, with a brief introduction of each investment type. 

Diversifying with Wisdom

While Diversification is great and highly recommended, it must be done with wisdom. Diversifying carelessly, whether too early, too late, or without proper preparation, can do more harm than good. Watch this tutorial to learn more about Diversification with Wisdom.

ADVANCED TUTORIALS

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Investing in Private Businesses

In this tutorial, we will explore the option of investing in private businesses, whether you are looking at opening a new business of your own or taking an interest in someone else’s venture. 

Investing in Stocks and Bonds

In this tutorial, we will delve into the world of publicly traded companies, stocks, bonds, options, and other investment opportunities and explore the pros and cons of each one. 

Investing in Funds and REITs

In this tutorial, we will explore mutual funds, index funds, exchange-traded funds (ETFs), money market funds, hedge funds, stock funds, and real estate investment trusts (REITs) to learn more about the benefits and risks of each investment opportunity.

Investing in Precious Metals

What about gold, silver, and other precious metals? In this tutorial, we explore an alternative investment type that not too many people think about anymore and discuss whether they are still a viable option for diversification of your income.

Investing in Real Estate

In this tutorial, we take a closer look at Investing in Real Estate as a diversification option. We touch on the topics of rental properties, commercial buildings, land, and other real property types and the pros and cons of ownership, management, maintenance, and asset protection.

Investing in Cryptocurrency

Cryptocurrency. What is it? Is it safe? Should I invest in it? I heard it’s a scam, and I don’t want to lose my money. Bitcoin, Ethereum, Shiba Inu, I am so confused. We will touch on these topics and a lot more pertaining to Cryptocurrency as an investment option.

Investing in High-Yield Savings

What are high-yield savings accounts and how can you milk the banks for some of the profits they’re making with your money? Watch this Tutorial to learn more about making money by lending money to the banks.

Investing in Foreign Exchange

What is Foreign Exchange? How does one invest in currency? What are the pros and cons? Everything you need to know about FOREX trading. 

Investing in Insurance

Insurance as an investment? Is that even a thing? Yes, it sure is. In this tutorial, we will talk about insurance policies that are investments and how they work. We will touch on term and whole life insurance, annuities, and health insurance as investment options. 

BONUS TUTORIALS

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Putting Your Money to Work (with Guest Speaker Chris Ingram, Founder and CEO of Prosperitas Financial, LLC)

Join us as we interview Chris Ingram, CEO of Prosperitas Financial, LLC, to learn more about Putting Your Money to Work for you. Why should business owners invest, what options are available to them, what are the risks, and who should manage their investment accounts?

Alternative Investments (with Guest Speaker Mark Quann, Founder and CEO of REMii Group, Inc.)

Listen in on this informative interview with Mark Quann, Founder and CEO of REMii Group, Inc., and author of Rich Dad, Poor Bank, as we discuss alternative investments that you don’t hear much about anywhere else because the wealthy like to keep these secrets to themselves.

Course Metrics

Total Tutorials

Video Hours

Downloadable Materials

Guest Speakers

Course Materials

Our Courses contain the following materials, all of which are available to you as a part of your enrollment to RDC Academy at no extra charge: pre-recorded video tutorials, live webinars*, downloadable PDF study manual and worksheets, a self-paced study checklist, as well as bonus materials*.

*not all courses will contain live webinars/instruction or bonus materials.

DISCLAIMER: This Course is for educational purposes only, and is not a certification program. No certificate will be issued upon your completion of this Course.

Course Sponsor

The Legal Pillar Course is brought to you by our Sponsor, Roger Doumanian®, Attorney at Law, APC, a trusted business law firm focused on advising and representing startups, small business owners, and privately held corporations in California and Texas.

Headquarters

RDC Academy, Inc.
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Valencia, California 91355

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OUR MISSION

Our mission is to empower small business owners with practical knowledge gained from real-life business experience. 

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