There were many years where I would rely on a single, low paying salary to keep me going. Sure, I was managing to cover my expenses, but if I suddenly lost that flow of income, I would have been in a whole lot of trouble.

I would always read books during my teenage years which would talk about the fact that all of the worlds multi-millionaires will often have many streams of income. But, I never really knew how to do it myself. If anyone has ever read Robert Kiyosaki’s “Rich Dad, Poor Dad” then you will know exactly what I’m talking about.

Today, I wanted to write a post which will discuss 7 possible streams of income, and how you can implement them yourself…

Streams of Income to Avoid!

Multi Level Marketing

To sumarise what I am about to say. Just don’t do it.

Most people have been tempted into going into some form of Multi Level Marketing (MLM) scheme in the past. I know most girls I know have been asked if they would like to promote some sort of skin-care brand or hair product which is a part of an MLM setup.

There is a girl who I went to school with who’s turned her whole Instagram into a sales-page for selling a skincare brand which promises over the odds results. I have no doubt she makes money from it, otherwise she wouldn’t be doing it still. However, it is portrayed as though she is making large amounts of money, while in reality, she is still maintaining a normal 9-5 job in order to pay for her expenses.

MLM type businesses are generally a little ‘grey area’ and seem to base their growth upon convincing people they will get better results than they will in reality.

So, save yourself the disappointment, and the wasted time and money. Just trust me on this one….avoid MLM!

Now, onto the good stuff!

7 Streams of Income

Salaried Job

Your basic job. Your 9 to 5. This is what most people will have as their singular stream of income.

When I started my career into the “real world”, I began work at an Accountancy Firm. Prior to this I technically ran a marketing company for a while, but that is a story for another post.

For my first 2 years at the Accounting Firm, it was my only income. I would make approximately $2,100 after taxes and deductions per month. Which, isn’t the worst salary in the world. Believe me, while I felt like I was being paid peanuts, in retrospect, I have been very lucky in my career.

This is usually the source of income which people look to get rid of once they become a little more financially free. I would recommend avoiding this for as long as possible. Adding as much diversity as possible to your streams of income adds a great level of security to your finances.

Once your other streams of income are making much more than your initial salary income, then you can look towards dropping it as a form of income in order to focus on your other streams.


I am blogging right now. You are receiving content, for free. However, how would you create a stream of income from this?

There are many opportunities to monetise a blog. For example, there are the basic options for utilising ads on your website and gaining an income based on how many people click your ads.

However, when it comes to blogging, I have always used it as a medium for creating content as a primary factor, as this can help to market my other businesses. Then, the monetisation is a secondary factor.

The blogging which I did with my marketing company was just a hobby, which allowed me to also promote the services which I offered through the business. You may be surprised how many people will see you as an authoritative figure and look to hire you or purchase your products.

Investments – Stocks, Bonds, ETFs etc

Now we’re getting into the slightly more risky areas of income.

I wouldn’t recommend investing in the stock market unless you either know what you’re doing, or have an advisor who knows what they’re doing.

In order to learn some more about stockmarket investment, I would take a look at many of the various investment sub-reddits. I am usually quite active on these boards, and everyone is very willing to help.

Overall, this form of investment should be looked at as a very long term form of income. Sometimes stocks don’t even provide income as such, but the value of your equity in the company will rise. If you do wish to obtain a stable income from this, you will need to look for shares which regularly pay a dividend to shareholders.

I will do a more in-depth blog post about the benefits of stock-market investment, as well as ways in which you can get your foot on the stock market.

Real Estate Investment

As with the above, I wouldn’t recommend diving into this without some heavy research.

This will also take a significant personal investment on your part. Most properties will require a 10% deposit in order to obtain a Mortgage on them. Depending on the area you live in, this could be a significant amount of money.

I know where I am, small houses start at around $600,000 – This means that I would need to put down a minimum of $60,000 in order to buy a small home to then rent/renovate/etc.

Real Estate Investment opens various opportunities, and there are many ways to tackle it. From buying a “fix-me-up” house, to buying a block of apartments to rent out for regular rental income.

Many people have managed to turn property development into their main source of income. There are many property books I would highly recommend if you wish to do some research. I will add them to the recommended books page!

Media Deals & Brand Sponsorship

This can tie in with your blogging if you approach it in the right way.

Through various blogs I have run in the past, I have been approached by brands (some of which I already use the products of) to discuss them on my blog and promote a product or service.

The larger brands can sometimes pay upwards of 6 figures for a sponsorship deal!

Another alternative if your strengths lie with social media, would be to create an Instagram page with a large and loyal following which enjoys getting involved with your content. Many brands would be very interested in being a part of your page, and will pay handsomely for it.

However, I do understand that Instagram Growth and Success is something which can take a long time. But, if you’re reading this and you already own an Instagram page with 10,000+ genuine Instagram followers, you may be in luck!

Digital Products

eBooks, Videos, Courses…the list goes on.

Do you know something, or have a skill which others might find valuable? Perhaps you’re an amazing guitar teacher, or an expert mechanic. You could create digital products and promote them to people who have a problem you can solve.

For example, I am an accountant who is very savvy with personal finance. Therefore, I am trying to solve your personal finance problems with my eBooks and Courses here on Normanie! You could do the same!

Sit down and brainstorm some ideas of problems you could help people with. This is most effective when combined with a blog which reaches many people throughout the world.

Use Blogging and Digital Products in combination in order to create a double edged sword to your Income Streams.

Start with One Source of Income

Don’t go straight to 7 sources of income. You need to be able to put your full focus into each of them.

Could you potentially improve your salary income with relative ease? Well, focus on that, as it may be easier than putting all of your time into blogging and slacking on your salary job.

It is important to give each of your sources of income equal attention. Sometimes certain streams will require less attention once they have been fully implemented. Despite this, it is important to make sure they are securely at that stage before you take your foot off the gas.

Thanks for taking the time to read this post. I hope you have found some useful information, and will take it away in order to implement some more streams of income to your life.

If you have any questions at all, I am more than happy to answer them in the comment section below. Ask away!