The Eight Income Streams — How Many Do YOU Have?

Today I’m taking a little break from writing about Marketing as I want to focus on the eight income streams that every single one of us should be working towards. As you read through, you’ll be able to relate to some as those you already have or are working towards. Others, may just seem out of your grasp currently.

You don’t need to have all eight to leave the live you and your family want and deserve, a life of financial freedom and security. But if you can tick as many of these off as possible, you can become free!

1. Earned Income

First up, we have earned income. This is income working from a job, and is the one income stream everybody is aware of and most likely has already. The problem that I have found all too common, due to a lack of financial education at schools, is that children grow up focused on getting a job and relying on that income — working for 50+ years, saving up for their pension and to then live off that until they die.

Sure, that works. But it’s just not a stable strategy — what if that person became long term ill, and couldn’t work? What if there was another economic depression, and they lost their job?

Earned income is definitely needed, but should not be solely relied upon. The best way of using it is to save up for several…