Building multiple streams of income is a strategy used by many millionaires from "summary" of The Millionaire Mind by Thomas J. Stanley
One common trait among millionaires is their ability to generate income from various sources. Instead of relying on a single income stream, they diversify their sources of revenue to ensure financial stability and growth. This strategy allows them to hedge against economic downturns or industry-specific challenges that could affect one particular source of income. By building multiple streams of income, millionaires increase their chances of success and wealth accumulation.
Having multiple streams of income also provides millionaires with a sense of security and peace of mind. They are not solely dependent on one job or business to sustain their lifestyle, which ...
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