Tag: Types of Income
6 Types of Income Streams and How They Make You Rich
Creating multiple streams of income is the most crucial part of getting ahead financially in life. The average millionaire has seven streams of income. Most of us have one stream of revenue, our job. We need to get away from the reliance on our jobs as our only source of income. Our jobs make our…
5 Takeaways from “Creating Income Streams”
We all would love to be retired and spending time with our loved ones. However, we have to build this life; life doesn’t create it for us. “Creating Income Streams” by Shaunta Grimes gives us many different income stream ideas that we can pursue. I love that this book because it is short. It gets…
Make more Money in order to make more Money
Does this sound like an infinite loop? Does it seem impossible? Here on Militaryfamilyinvesting one of our goals is to build more multiple income streams. Once we build more income streams we invest that additional income into investment portfolios, which in turn makes us more money. The more money that we have invested, the more…
The 3 types of Income
In order to truly understand how to live a comfortable life, you have to understand the 3 types of income. I will go over the 3 types of income and then go over why it is important to leverage all 3. Earned Income: This is your daily, 9 – 5 style job. You do a…
