Creating Different Streams of Income

Photo by Anna Nekrashevich on Pexels.com

T.I spoke candidly in his song About the Money by saying ”If it ain’t about the money…” For some it truly is about the money and others it may be about power, voting rights, etc. And that’s quite alright. We are all different and are motivated by different things. I assume that when our position and needs change, so does our priorities and focus. This is evident in Maslow’s Hierarchy of Needs.

Creating different streams of income is often the goal of individuals. This allows for more flexibility in case something happens to another stream of income. Many of us know that things happen and nothing is concreate or set in stone so multiple streams would be beneficial.

In April of this year, Time and Next Advisor revealed 7 Passive Incomes for 2021. These areas included: Blogging, Digital Courses, E-books, Digital Downloads, Affiliate Marketing, Real Estate Investing, and Stock Market Investing. They also discussed how many streams you should have, which I definitely agree with. The number of streams you have is dependent on your goals and needs.

Feel free to check out the article I am referencing here: https://www.google.com/amp/s/time.com/nextadvisor/investing/passive-income-ideas/amp/

Published by Melica Niccole

Author, Poet, Dreamer, Doer, and Pursuer.

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