Increase your streams of income

Whether you are an employee, self-employed or business owner, or even investors, you can still increase your streams of income. But of course if you are currently an employee, avoid quitting your job before you have any form of passive income just to do things you would love to do more, unless you have enough money to cover your expenses for at least 1 - 2 years. And make sure you plan well before doing that. At least that's the lesson I've learnt.

There are various ways you can have more income, here are some of them for you to think about:

• Internet Marketing
• Network Marketing (aka MLM - Multi-Level Marketing) [You need to join one that you really believe in and likes their products otherwise, it's even harder]
• Freelance [Any form of freelance jobs that you can think of and you are capable of doing]
• Part time jobs [This is the easiest to find of them all]
• Property Investment [Of course, you've got to find one that's worth investing and generates good rental income]
• Stock Investment [Make sure you know what you are investing in, it should be a quarterly reviewed kind of investment rather than actively monitoring it.]
• Some people likes trading [There's forex, commodities, stock options, etc. But I find it risky myself]
• Mutual Fund Investment
• Bonds
• Treasury Bills
• Start a part time business
• Write your own book and sell it!
• Alternative investments [find one that at least give you good returns > 10% is good, do visit invest fairs for more info. But you've got to understand them before buying.]

All the above should be tried out one at a time so that you don't tax yourself too much as concentration and focus is needed in order to succeed in anything! I'm still working on this.

You may want to read Robert G Allen's Multiple streams of income to find out how to implement and get the type of income steam you want.