Multiple Streams Income

I currently have about half a dozen ways to make money each month, if you include my day job, which I am hoping to retire from about 25 years earlier than the rest of the workforce.

If I were to divide my grouped streams of income further into individual sources of income, the total would be somewhere around twelve. That’s because within each of my multiple income streams I have a few different threads of cash flow. For example, I have an investment portfolio that can further be divided into individual stocks. I have online income that is derived from several unique websites. I own rental real estate property, the income from which is provided by multiple tenants.

I consider each of the examples above to be cases where many unique threads appear within each stream, ie., the stock market is a stream of income, and the stock I own in World Class Stained Glass, Inc. (not a real company) is a single thread in that stream.

So you can see how having a solid group of threads per stream is almost always better than having just one. “A cord of three strands is not easily broken,” says the Bible in the book of Ecclesiastes. When it comes to income, that statement is infinitely true. Read on through the other articles and posts on this site and you’ll learn interesting and creative new ways to create recurring cash flow that will lead you toward multiple streams income.