Wealth Habits

CHAPTER 6The Secrets to Building Multiple Streams of Income

You want your wealth to be flowing like a big river. But do you know how a river gets really big?

By combining with multiple other rivers!

The Amazon River has over a thousand feeder rivers—and each of those rivers have countless other streams.

So let's get set up like the Amazon River (not to mention Amazon.com) and get multiple streams of income to contribute to your river of wealth.

Did you know that the average millionaire has at least four streams of income?

I know what you're thinking: “What does this actually mean for me, and how do I do it?”

I hear you. There is nothing worse than concepts without practical steps to implement. This is why I'm going to break this down in a few easy-to-understand, digestible, actionable chunks.

Investing in real estate—and investing in general—is crucial because you're not just living on the wages from the job you have, or the earnings you're receiving from your business, you're diversifying through other investments and making sure you have multiple sources of income.

That means even when you pull in a good income from your full-time job or business, it is not a bad idea—in fact it's a great idea—to still have additional income on the side. Produce a product, sell a product, provide services, sell on eBay—the more “jobs”—aka sources of incomes you have—the more security you create.

Diversifying your income and having multiple streams is one of the most important things you can ...