Beyond Your Salary: How To Create Multiple Income Streams By Sale Adamu Kwaru
Introduction Building multiple income streams is one of the smartest financial strategies you can adopt. It’s like having several smaller rivers flowing into one big lake – if one river dries up, the others keep the lake full. This approach helps you reduce financial risk, significantly boost your overall earnings, and accelerate your journey towards true financial freedom. Whether you're just starting your career, looking to supplement your current income, or planning for retirement, understanding the diverse ways money can come to you is the crucial first step. 6 Powerful Income Streams You Can Cultivate Let's dive deeper into six common types of income, breaking them down into clear, actionable insights. 1. Earned Income: The Foundation of Your Finances Earned income is the most direct form of money you receive by actively exchanging your time, skills, or labor for compensation. This is the bedrock for most people's financial lives. It encompasses your regula...