Sunday, November 1, 2009

Multiple Source of Income VS Multiple Flows of Income.

The differences between the Multiple source of income and multiple flows of income are:

Multiple source = Many sources of networks, jobs at hand, which one needs to juggle. For eg, freelance personnel who has many sidelines, part time jobs at hand, at the same time which can or does not need to occur together at the same time, but can juggle around, and overlapping one another at times.

Multiple source of income is good for surviving hard times, or when one has some hard time finding a full time stable job. However, although one have a stable job, i would advise them to at least have another passive source of income or sideline, to enhance their income, or to act to sustain themselves, should adversity arise.

Multiple flows = Many passive incomes that keep on generating, without the need to keep working too hard on it. For eg, playing shares, trading, forex, MLM, or any overriding commissions from your downline or subordinates, even rental of houses, rooms and more than 1 source of money rolling in on-goingly, is the multiple flows of income.

Usually, multiple source of income may or may not earn great, but sure to survive oneself. Whereas multiple flows is meant to be a bigger scaled amount in combine by common sense, as u can see the multiple flowings of income.