(ThyBlackMan.com) I have mentioned before how your job should fund your dreams because you can use some of your earnings to start your own business, to save toward retirement goals or to go on dream vacations.
However, creating multiple income streams can create financial security and wealth. The super rich have multiple income streams from owning businesses, stocks and rental property, to name a few.
So if you want to be rich, copy their income-producing habits and diversify your earnings through multiple income streams.
You could have a job in order to pay your bills. You could also offer a service or two that you provide on the side or seasonally, such as tax preparation, hair styling and cutting, tutoring. You could use the extra money you’re earning from your side hustle to save and invest in index-based Universal Life, mutual funds and stocks that you can 
draw from to fund your retirement or to pull out to reward yourself from time to time. You also may invest in property to rent out to tenants and residents to create residual income that comes in each month. I know a lady who works a full-time job even though she brings in $7,000 monthly in residual income from rental property.
As your company’s revenue grows and exceeds your job’s income, you may decide to leave your job and create opportunities for others by hiring employees to help accommodate your thriving business and drive up the revenue. You also should consider earning commissions and residual income by obtaining a state license to sell insurance and also build a team of people who also sell insurance to earn overrides off all of their business. There are also several multi-level marketing businesses that sell anything from coffee to nutritional products to phone service in which you earn commissions, overrides off your team and monthly residuals from past or ongoing production.
However, managing income from various sources can be overwhelming. You should develop a system and a schedule to dedicate time to each revenue stream. You also should have long-term vision for your businesses to be able to run without your regular involvement. This could mean you have employees or team members who manage and produce for your wealth to grow exponentially while you pursue hobbies, spend time with family and friends and relax.
But multiple income streams are ideal, and with good money habits, you will never be broke. You will always have a steady stream of money coming in from a variety of sources. The sky is the limit to what you can earn with multiple income streams, and you will be able to save more and play more to live the American Dream. May you be inspired to create multiple income streams to reach your dreams.
Written by Teneshia LaFaye
Official website; http://www.MyTenSense.com
