Multiple Income Streams – Why They Matter
So now that your bad debt is paid off and accounts closed, and you have some spare money, what is the next step?
Earlier we talked about investing in various forms of assets. Some of those assets, like gold, diamonds, works of art etc, do not produce income, they tend to preserve wealth by holding their value over time. This is not what this section is about.
We are talking about systems that generate income, and hopefully some form of capital growth as well.
Note: Capital Growth is just a fancy way of saying the value of an item increases over time.
Income Generating Systems
To keep things simple the following table covers the primary forms of income generating systems, and lists them in order of relative investment risk from highest to lowest.
Wealth System, Finance
