5 Streams of Income That Will Grow Your Wealth

Having multiple income streams is a powerful wealth-building tool. Ghing/Shutterstock

By Feras Moussa

Studying millionaires is quite fascinating, because more often than not, they are regular, ordinary people with remarkable discipline and focus. Very wealthy individuals get that way by working differently (not necessarily harder or smarter) than the rest of the world. One fascinating insight into millionaires is that they typically have multiple streams of income.

A study highlighted the following intriguing aspect of millionaires:

• 65 percent of millionaires have three streams of income
• 45 percent of millionaires have four sources of income
• 29 percent of millionaires have five or more income streams

Most people have at least one income source: their employment. They go to work on weekdays, and after enough days of work, they receive a paycheck. However, well over half of millionaires have three total income streams. For some, that is work plus at least two others. For others, that might not even include labor at all.