Big News for our Family + Investing in Africa: Episode 289

In this episode, I’m talking about income streams, my thoughts behind it, how to create multiple income streams, and some big news in my family!
In this episode, I’m talking about income streams, my thoughts behind it, how to create multiple income streams, and some big news in my family!

We decided we’re staying in America! After living in Africa for 6 months and doing sooooo many things to grow our business, we decided to come back for the summer.


After only being here for a couple days, it became very clear that TJ, our son, thrives here. So many sports camps, his friends, school a few blocks away.


So we decided to stay.


This is where we are currently, and who knows how long we’re going to be here. God only knows! But I wanted to update you guys on what we (mostly my husband- he’s incredible) have been up to the past 6 months, how we’ve been able to create so many new financial opportunities, investments, and income streams into our life.

I am a firm believer in diversifying. Diversifying your income, your investments, your lead generation.


Our goal is ultimate financial freedom.


Retiring by the time we’re 40.


Does this mean I would actually ever retire? No. Probably not. But being in the position to be financially free is the ultimate goal.


So I wanted to share with you some of the investments we’ve been able to make while living in Senegal for the past 6 months:

  • We bought 5 acres of land in cash for future development.
  • My husband set up our bigger piece of land that we already owned, fully functioning irrigation system! We’re able to grow:
    • Cucumbers
    • Peppers
    • Create Chicken coops
  • We bought 4 cars in America in cash. My husband’s been to car auctions, where we buy cars that have been in minor accidents, he buys the parts in America, ships them to Senegal where we’re able to employ more people to fix them up. Then we can sell it, or rent them.
  • Rental Arbitrage. We rented an empty apartment, furnished it, and are flipping it to rent it again. We’re paying 1,000 euros a month to rent the house we were staying in. We paid to furnish it, and now it’s worth 2,000 euros a month.


All these things are going to give us more freedom.


If we want to travel for summers, take time off. We can.


We’re taking the money I’m making from this business, and investing it into a bunch of different things. You never want all of your income to be coming from one place.


Money books you need to read:

The Millionaire Maker: Loral Langemeier

Episodes to Listen to:

Episode 169

Episode 204

Episode 205

Watch Full Episode:

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Rachel Ngom is the host of the She’s Making an Impact Podcast. She is a business and lead-generation expert, helping purpose-driven entrepreneurs create more freedom in their businesses so they can spend time on what matters most.

Rachel went from being on food stamps with negative $400 in her checking account to a millionaire by 34 while working 20 hours/week. She now helps others do the same with her signature courses and programs.

Rachel has lived in Kenya and Senegal, got married in Morocco, and spent 2 years in France.


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