How to create Multiple Income Streams for Abundant Wealth
For financial security reasons, you should create multiple income streams to protect your assets. Here are seven (7) different types of income streams. Earned Income – This is your day job and most people’s primary source of income. this one’s easy to understand and most people’s primary source of income. You trade your time for money. Business Income – You own a business. You either make and sell something, or you provide a service. Interest Income – This is income you make from lending your money out. This might mean a CD, P2P lending, real estate crowdfunding, funding fix-and-flip debt deals, or simply money in a savings account. Dividend Income – This is money that’s distributed as a result of owning shares of a company. Rental Income – You own…