How do you create multiple streams of income?
Save, Save, Save – Save 10 – 20% of your net income every year.
Expand Your Means – Start a side business or side career that generates additional income.
Create Multiple Baskets – Invest your savings and additional income into investments that generate passive income such as: residential rental properties, commercial rental properties, TICS, triple net leases, seasonal rentals (beach areas, ski resort areas, lake front areas), equity investments (stocks, bonds, mutual funds), annuities, permanent life insurance, royalty-generating property (timber, oil and gas), boat rentals etc. If you can’t do it on your own, partner with others and keep building your portfolio of assets that generate passive income.