Our long-term goal is to have our day-to-day income split equally among streams 1-3. How to Build Different Streams of Income. Let Multiple Streams Fund Your Dreams. 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 . 2 Divide your portion among seven, or even eight, for you do not know what disaster may befall the land. Ordinary people are much more vulnerable. – Robert G Allen (Click to Tweet This) “Don’t let the opinions of the average man … You don’t have to spend your time enviously wallowing in the fabulous lives of people on social media. You can create your own success. There are plenty of ways to make money. 29 percent had five or more streams of income; Having multiple income streams makes a lot of sense. Most millionaire won't have all of these 7 income streams - … Multiple Streams of Income Quotes. Cast Your Bread upon the Waters 1 Cast your bread upon the waters, for after many days you will find it again. Some people call passive income money you make in your sleep. Everything in life becomes optional once multiple passive income streams cover your expenses. Simply put, more income streams equals more security. Passive Income. 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. If they lose one of their [money] streams, it wipes them out. 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.… 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. By having multiple streams and multiple sources for each stream, we are not reliant on just one way of getting income. So if your goal is to become a millionaire, you’re going to have to create your own streams of income. 5 Ways To Create Multiple Streams Of Income | Stephanie Burns. Active vs. However, the kind you want is passive income. And it takes them years to recover. Having multiple streams of income before you become unemployed takes much of the sting away from losing your primary income source. That, in turn, means you don’t have to just take the first job offered to you out of desperation. These are the seven sources of income and millionaires usually earn from multiple such income streams. When one stream is negatively affected, for whatever reason, the other streams … And it starts by adding more streams of income to fund your dreams. Personal Finance 10 Smart Entrepreneurs That Diversified with Multiple Income Streams Diversifying your income is the path towards financial freedom. Building multiple streams of income helps provide you and your family more security and financial stability. 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