8 Income Streams

There seems to be a general distrust whenever the concept of multiple income streams is written about. This in part is due to a lack of understanding of what it means as well as an association in people’s mind between multi-level marketing MLM and multiple income streams.

Let me state unequivocally that I’m no proponent of multi-level marketing and whilst I have training as a marketer and have dabbled in a few MLM business ventures I was not among the fortunate ones to have made any money in any of my ventures. I write about the topic to bring clarity to the skeptics as well as to educate those who might find this kind of information worthwhile.

I will declare that my current interest is in the field of financial planning, insurance and investing. I am associated with the World Financial Group (WFG) and much of what I share can be gleaned from the numerous training seminars that are offered.

The following are the eight income streams :

Earned income – income from a job

Profit income – income from buying and selling

Interest income – income from lending money

Residual income – income that continues to be earned after work is done

Dividend income – income from owning stocks

Rental income – income from property rental

Capital gains – income from increasing asset value

Royalty income – income from using your ideas

My advise, forget streaming videos and have a desire to create as many income streams as possible.

Your comments and feedback means a lot to me. Do not hesitate to contact me directly.

Sheila Giddings

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