Passive & Multiple Sources of Income

No one may get rich working for others. One can get rich only when you have other people working for you or your money working for you. You have to consider two major sources to increase your income; create a passive income and get multiple sources of income.

First, you have to save up some money and take calculated risk to invest it wisely to earn a passive income. Passive income can be bank interest earn, unit trusts investments, stocks and shares and even rental derived from renting your residential or commercial properties.

Then, you have to manufacture or sell multi-line of products (for manufacturers and re-sellers). You have to manage more 'taps' to get multi flow of income, especially during the current turmoil, fuel hike and rise of food prices.

I want you to think about a female cow. It has 6 nipples. If you are a farmer and you only tap milk from one of the nipples, you are not getting enough, and you may remain poor. You should tap from all the six nipples!