The average millionaire has 7 income streams and most of those are passive or semi-passive income streams.
The following quote from Warren Buffett is quite revealing.
If you don’t find a way to make money while you sleep, you will work until you die.
Warren Buffett
Retirement is not a matter of age any more, but rather a matter of passive income streams. In fact it always was. 🙂
In order to be financially independent you need to have multiple passive income streams.
That’s the secret.
Multiple sources of income.
And in today’s world with the internet and social media and our ever growing connectivity, creating these multiple sources of passive and semi-passive income streams has never been easier.
Most people are a “salary man.”
They have only one source of income, and if they’re lucky they might invest some of the extra capital from their sole source of income in order to create a second income source. But that’s pretty much it.
So my advice to you is to create as many sources of passive or semi-passive income as possible and enjoy life. 🙂
