Would you like to start building new income streams? There have been quite a few reports and trending articles in the past stating that statistically, the average millionaire has 7 streams of income. Most articles state that “according to IRS” (without the source) which I believe, basically relied on the definitions that IRS gave to active, passive and portfolio income and how IRS provided further breakdowns as to what the 3 types of income consists of. To spare you the searching, this Robinhood article sums it up rather nicely. Yup, that’s not a typo – and you would definitely be interested in know which are the 7 sources of income, right? I have seen various websites that listed different sources that make up the 7 streams but it is generally going to be the following categories –

1. Earned – from working a full-time or part-time job
2. Business – earned via profits from businesses owned
3. Interest – earned on money that we lent to others

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