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Why Multiple Streams of Income is No Longer a Luxury (and How to Position Yourself for Income Diversification)

Why Multiple Streams Of Income Is No Longer A Luxury (and How To Position Yourself For Income Diversification)

If you read financial articles on a regular basis, you might be familiar with the concept of having Multiple Streams of income, or side-hustles. It has been a hot topic among bloggers lately. However, this concept is not a new invention. For ages, wealthy people have been using and perfecting this strategy of income diversification to maintain elite financial status and grow wealth. For example, a millionaire might have money coming in from: Earned Income – money earned for doing your job (your salary). Interest Income – money made from lending to others Capital Gain – a payment from an increase

The post Why Multiple Streams of Income is No Longer a Luxury (and How to Position Yourself for Income Diversification) appeared first on Mybreadmoney.com -- Purpose-Driven Personal Finance Blog for Millennials.



This post first appeared on Mybreadmoney.com - Purpose Driven Personal Finance Guide, please read the originial post: here

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Why Multiple Streams of Income is No Longer a Luxury (and How to Position Yourself for Income Diversification)

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