I was recently at a wealth presentation. The person leading the presentation discussed the topic of MSI's or Multiple Sources of Income.

This was something that really hit home with me. The concept was that you work on building multiple sources of income, and over time they will eventually pay off. This way if one of the sources of income fails, then you have the others as your backup.

I realized that this was something that I had been doing over the last several years. My main focus was on gaining residual income out of the MSI's.

Some possible sources of income outside of your day job could be:
* Working with a network marketing company.
* Writing a book.
* Building websites or software that you own.
* Real estate investing, managing rentals.
* Building businesses.

Any of these, or many other ideas can help you build your Multiple Sources of Income.