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Did you know the average millionaire has between 5 to 7 sources of income?
Most income conversation around finances is about the paycheck. But if you want to become wealthy and live financially free, there’s more to it than one paycheck from one employer.
How many income streams do you have? There’s a good chance, it’s one source of income from a job.
Did you know the average millionaire has between 5 to 7 sources of income?
That’s right. Studies show millionaires gain financial independence because of multiple income streams. However, most people rely on a single source (e.g., a paycheck from an employer). It’s often not enough to cover basic needs or essential luxuries.
Unfortunately, the conversation in the financial world is mostly on increasing a paycheck without a deeper dive into what gives someone true financial independence.
When thinking about financial independence and financial wellness, you must consider how to increase your income from your current job/career AND diversify and multiply income streams.
Many people don’t know I have multiple income streams. They often wonder how I make a living. I’ve been private about the many ways income flows into my life. Well, I’m about to open the door for you.