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Creating Multiple Streams of Income Diversifying Your Earnings
Creating Multiple Streams of Income Diversifying Your Earnings
7 STREAMS OF INCOME THAT WILL SKYROCKET YOU TO FINANCIAL SUCCESS
1. Earned Income, This one is easy enough to understand – this is your regular job and most people’s primary source of income.
2. Business Income, Business income is when you earn money in exchange for a product or service.
3. Interest Income, You earn this type of income when you lend your money out.
4. Dividend Income, Dividend income is something you earn as a result of owning shares of a company.
5. Rental Income, This is when you invest in forms of real estate and rent it out to someone else.
6. Capital Gains, This is a form of income you earn when you sell investments.
7. Royalties or Licensing Income, Many millionaires make money off of being creators of a product, idea or process
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