If you are thinking about diversifying your income, you may be asking yourself, “How do I diversify my income?” It's actually pretty straight forward, and many of us have already created multiple streams of income, we just don’t realize it.
The goal of creating multiple income streams should be to maximize your potential in each category available to you. If you are just starting out, it really isn’t reasonable to expect you to generate tons of rental income.
However, if you start maximizing your income generating potential through your primary salary, you will find yourself having excess income that you can reinvest to generate additional income streams use different buckets of assets.
Remember, the average millionaire has 7 different income streams. Seven! Here are the most common ones.