Wednesday, 11 July 2018

Multiple Streams of income 1: Linear and Residual Income Streams (The Secret Of Financial Freedom)

We all know what a stream is right? ( A natural body of water flowing into a reservoir). Now I need you to imagine your financial life as a flowing stream, not of water but of money.In this stream there are three parts, which are:
  1. The Financial Inlet or Source: This refers to the means by which cash flow into you.
  2. The Financial Reservoir: This is where your money is being stored, such as your bank account and pocket
  3. The Financial Outlet: Your financial outlets are the various ways through which money leaves you.