EP 12 - Creating Residual Income With Sarah Bonham

This week on The Soul Rhythm Podcast we welcome Sarah Bonham! Sarah runs a 6 figure online activewear business and is passionate about inspiring and teaching other women to do the same! Sarah and I talk all about passive income and how to look out for different opportunities to make money!

What inspired her to teach others?

Sarah went from being a stay at home mom with a single military income to a 6 figure online business. She talks in this episode about how she somewhat lost herself after having her kids, because she is a very hard working and driven individual, so through wearing and sharing cute activewear she built a successful online business.

Talking Points from the Episode:

[Min 05:00] Sarah talks about her journey to being where she is now.

[Min 10:00] The struggle with starting your own business and finding support in our loved ones. They don't always understand.

[Min 20:00] Learning to step outside of your comfort zone and be comfortably uncomfortable, facing fear, and go after your desires.

[Min 25:00] Creating stability through different streams of passive income.

[Min 35:00] Most people tend to spend more time thinking about the things they want/ need to do rather than just doing it. So find the courage to just do it!

[Min 55:00] Sarah talks about what living to the rhythm of her soul means to her.

Soul Rhythm Activation (Homework):
Be open to new opportunities of streams of income!
Instead of overthinking about the things you want/ need to do, just do them!

About Sarah Bonham
Sarah went from being a stay at home mom & a single family income to a 6 figure income, she's passionate about teaching and inspiring women how to run a successful online business, by wearing and sharing cute activewear

She runs a successful online activewear shop & teaches other women to do the same.

Connect with Sarah Bonham on instagram: @sarahlbonham

Full Episode: Creating Residual Income With Sarah Bonham 

So how do you go from living off of a single military income and being a stay at home mom to running a successful 6 figure online business? Well, this week I welcome Sarah Bonham to join me in a Soul Rhythm Session and we discussed just that! Sarah found stability for her family through starting and running a successful online activewear shop and is passionate about inspiring and teaching other women how to do the same!

So let’s hop right in! When you work your business like a business then you'll make money like a business, when you work your business like a hobby you’ll spend money like a hobby. So Sarah jumped all in and knew she needed to surpass her husband's income so that she could be sure they were going to be stable, as they were facing the loss of her husband's income. After that They realized that no matter what you do in business, it can come and go. Any job can change at any point, so they were really craving that stability. This is when Sarah and her husband decided they needed to find more ways to take their money and invest so their family could be financially safe. Sarah says the best way to grow is to focus on one or two things and do it really really well. So focus on your primary incomes, Save it, Pay off debt. Then once your debt is paid off, put that income towards investing. Then keep taking action! Even when you are afraid to move forward, keep moving forward and taking action, remember your why and stay anchored and keep going. We spend more energy thinking about things that we need to get done rather than just doing it so another way to build is to just go for it. 

The first thing that Sarah's family began with building passive income was with a camper, they bought a camper, and now rent it out at $225 a night. So that's something that they are able to make money off of without sacrificing their time. That's why it's so huge to pay off debt then go from there! Once the debt is gone you can pay cash to invest in other streams of income. You can also start with an airbnb. The next thing she suggests is teaching. Take something that you are good at and teach others to do it as well. Find something that people need or need to know how to do and put it out there! When thinking of everything you're doing to bring in money ask yourself, If it can eventually become passive. Real Estate for example is not passive, when you stop selling homes you stop making money. But when you create a course on something you can reuse that over and over without added energy. So you really need to leverage what you have to make money.

This episode is full of inspiration and tips on how you can make your own passive income! If you're one that's looking to add a stream of income or needing some inspiration on where to get started go give this episode a listen as Sarah takes you through her entire journey to where she is now and talks a bit about her Why as well. Then from there dive deeper into ways you can create those extra streams of income and build the life you deserve!

XX,

Carla Marconi
@carla11marconi

Holistic Business Coach || Mindset & NLP Expert
Breathwork & Yoga Facilitator || Hypnotherapist