7 Streams of Income: Your Path to Becoming A Millionaire

Active income is where you work for someone or provide specific services and you are paid for that work. Passive income is where you are generating income without necessarily always doing work.

Passive And Active Income Streams

1. Earned Income

2. Business Income

What Are The 7 Streams of Income?

3. Interest Income

4. Dividend Income 5. Rental Income 6. Capital Gains 7. Royalties or     Licensing Income

What Are The 7 Streams of Income?

It reduce reliance on one source

Helps you stop living paycheck to paycheck

The Benefits of  Having 7 Income Streams

It can reduce your working hours

You have the chance to turn your side hustle into a concrete business

The Benefits of Having 7 Income Streams

- Maximize your salary      and career - Keep your expenses low - Invest in stocks - Invest in real estate - Build passive income

Tips to Start  Building Millionaire Income Streams

No! Your goal should to never be reliant on one stream of income and find ways to diversify where your money comes from currently.

Do You Need 7 Streams of Income to Become a Millionaire?

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