I am always on the look out for MSIs (multiple sources of income) to increase my wealth position. Hopefully, I am able to reach my targeted financial goal.
The MSIs should be consistent with steady inflow over one calender year and not a one-off gain or lumpy earnings.
After much thoughts, I decide to list down the places where money is able to work for me harder and not I work for money always:
(c) Shares that has potential for capital appreciation
(d) Investments that generate dividends - (e.g. shares)
(e) Real estate investments
(f) Rental income from properties
(g) Owning my own business
(i) Referral fees
(j) Franchising fees
(l) Endorsements (e.g. celebrities)
(m) Royalties (e.g. books, CDs, seminars, games, inventions, software etc.)
(n) Network marketing
(o) Online - (e.g. affiliate programs, per click etc.)
My next aim is (e) and (f) - what about you?