What is a “Stream of Income”?
October 4th, 2010 by Janice Campbell
Income Stream: Any amount of money that flows to you from any source. Your salary may be one stream; the firewood you cut and sell is another stream. Other streams might be interest on your savings account, money you earn from selling something you make, money earned by providing a service, or money you receive from renting property or running ads on your website. Streams can come from anywhere, and they can all come to you.
The first time I heard the term “multiple streams of income” was in a bookstore sometime around 2000. There was a display of bright silver books titled Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen. I picked one up, intrigued, and browsed through it, but found many of the suggested streams– stock strategies, real estate ideas, and network marketing– unappealing, so I didn’t buy it.
The idea stayed with me, though, and I started looking for ways to add additional streams of income to our household. I was deep into educating our four sons and caregiving for my elderly grandmother, so I didn’t have a lot of time to devote to the ideas that surfaced, but gradually, more streams began to trickle in, and my personal, purposeful multiple streams career was born. It’s surprising what you can accomplish once an idea has been planted!
