Most people receive active income streams from their day job or business. This happens each day you go to work and provide a service in which someone pays you.
One of the things that stood out to me was the fact that most millionaires had multiple income streams. At that time I had only one.
Many people go through life and struggle to try and figure out how to create a single income stream, let alone more than one.
Either as an employee or self-employed individual, you have to trade your time for money in order to receive it.
If you’ve started any businesses on the side of your regular (9-5 job), aka “side hustle,” then any income received would fall under the business income category.
More than likely this won’t be your highest-earning income stream, but it’s always a good idea to keep your savings in accounts where you’ll at least earn interest.
If you own shares in a company (stock), then you’re considered a part-owner.
One of the most popular income streams that millionaires possess is rental income. This income is derived from the rent that tenants pay each month.