Active vs. 3 If the clouds are full, they will pour out rain upon the earth; whether a tree falls to the south or to the north, in the place where it falls, there it will lie.… Simply put, more income streams equals more security. Building multiple streams of income helps provide you and your family more security and financial stability. And it starts by adding more streams of income to fund your dreams. Most millionaire won't have all of these 7 income streams - … Some people call passive income money you make in your sleep. You can create your own success. Our long-term goal is to have our day-to-day income split equally among streams 1-3. Personal Finance 10 Smart Entrepreneurs That Diversified with Multiple Income Streams Diversifying your income is the path towards financial freedom. Michelle Norris “If you still have a job, stay the course while also incorporating additional income streams for diversification. 2 Divide your portion among seven, or even eight, for you do not know what disaster may befall the land. We consider stream 4, interest income, as more of an offshoot of our real estate activity since we typically lend to colleagues from that network. Having multiple streams of income before you become unemployed takes much of the sting away from losing your primary income source. Everything in life becomes optional once multiple passive income streams cover your expenses. Let Multiple Streams Fund Your Dreams. These are the seven sources of income and millionaires usually earn from multiple such income streams. There are plenty of ways to make money. With multiple streams of income, you could end up receiving a lot of 1099-MISC income statements and other types of income forms in the mail at the end of the year. Ordinary people are much more vulnerable. Passive Income. However, the kind you want is passive income. – Robert G Allen (Click to Tweet This) “Don’t let the opinions of the average man … 5 Ways To Create Multiple Streams Of Income | Stephanie Burns. Cast Your Bread upon the Waters 1 Cast your bread upon the waters, for after many days you will find it again. And it takes them years to recover. That, in turn, means you don’t have to just take the first job offered to you out of desperation. 29 percent had five or more streams of income; Having multiple income streams makes a lot of sense. When one stream is negatively affected, for whatever reason, the other streams … How to Build Different Streams of Income. If they lose one of their [money] streams, it wipes them out. Instead of being stuck at an unfulfilling job for 40 hours per week, and then commuting for another 10 hours, financial independence helps you gain more control over time . Multiple Streams of Income Quotes. 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