What are Income Streams? Different Types of Income Streams

 What are Income Streams?

An income stream is a regular series of payments made directly from accumulated superannuation contributions or purchased with a lump sum. In easy language, they are categories of the ways in which you earn money, they ways in which you earn profit. They are the ways of earning money.

Types of Income Streams-:

1) Earned Profit- From working in a job

2) Profit Income- From buying and selling

3) Interest Income- From Lending Money

4) Residual Income- When you continued to get paid after the work is done

5) Royalty Income- From others using your idea

6) Dividend Income- From owning stocks

7) Rental Income- From renting a property

8) Capital Gains- From assests increasing in value  


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