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Sucessful entrepreneurs hav a load of money. They sure have a successful foundation for thier income but that's not all. There are different sources which provides different types of income.

Incomes are categorised mainly in 4 types :

1. Passive Income Streams:

This type of income is generated from assets you have purchased or created…. (businesses or investments)…. without you actively working for it. To generate passive income, most of the work is done at the beginning. Income will continue to come in month-after-month or year-after-year, with little additional work by you. Making money while you sleep!

Here are some sources of passive income:

1. Rentals (realstate)

2. Online Digital Products: (online courses, ebooks, printables)

3. Creating and Selling Intellectual Property: (books, online content, apps)

4. Affiliate Marketing

5. Multi-level marketing / Network Marketing: (leveraged income)

2. Active Income (Earned Income)

Earned income is money you actively work for.  This is income generated from trading your time for money. “Employee” and “Self-Employed” is the most heavily taxed income. Earned income is the most common ways of making money. But, the risk is, once you stop working you stop making money. Wages from a job and income from a business that you actively participate in are examples of earned income.

The income generated by self employment also comes under active income. Other than this salaries, wages and commissions come under active income stream.

3. Residual Income Stream.

A residual income stream will earn you money even when you’re not on the clock. A lot like passive income, you generate income from assets you have purchased or created (businesses or investments) without you actively working for it. Having residual income allows you to do more important things with your time. Getting paid over and over.

Some sources of residual income stream are Network Marketing, Rental properties Subscription Saving or investment program (policies etc.) That earns intrest. 

4. Portfolio Income

Also known as investment income. Portfolio income is income from stocks, bonds, and mutual funds. Just like Passive income, your money is working for you. The income from these types of investments include, interest, dividends, and capital gains.
 Royalties from property held for investment are also portfolio income. Portfolio & Passive income is the least taxed.

Main source of these income streams are 
Stocks, Bonds, Mutual funds, Collectibles and Royalties.

The most important aspect in the market and buisness world is money and one must know the sources that genrates them. Genrally the Active income stream flows throughout the country but the income genrated with the active income is put to use to genrate incomes in other streams. This is what keeps the money flowing. 

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