Reported 6 months ago
Many aspire to become millionaires, but what does it take to achieve this level of wealth? The average millionaire has seven different sources of income, providing financial security through diversification and risk management. By not relying on a single income, individuals can better withstand economic challenges. The seven income streams include dividend income, earned income, rental income, royalty income, capital gains, business profits, and interest income. Starting with accessible options like dividend stocks, fractional rental properties, and high-yield cash investments can help individuals begin building a diverse portfolio of income-generating assets.
Source: YAHOO