Multiple Streams of Income was the title of a book written by some filthy rich real estate investor who bought houses for no money down (hence the name of his first book, No Money Down, or something to that effect) and rented them off immediately. It probably was a great idea while he was doing it in the 80's, but not so much anymore. Anyway, I flipped through Multiple Streams of Income and found that some of his proposed streams were far-fetched: writing e-books and selling them off, exchanging discount offers with local businesses... come on, I'm only human.
It's the title that inspires me- that even if you can't quite find that 1 million dollar idea, find 10 100,000 dollar ideas is just as good or even better. So here's my proposed multiple streams, and they are much simpler and down-to-earth:
- my office job
- my 401k, operated by Fidelity
- this blog, through Google Adsense
- an e-commerce site, through Shopify
- stock trading, using Zecco
- high-yield online savings accounts
- various selling of stuff on Ebay or Craigslist
No one of these ideas is likely to make me rich, but hey, together they all help.
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