As talk about taxing the rich heats up, here are 7 ways millionaires stay wealthy that can help you too

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Outside the Box

How to keep money flowing in — no matter what life throws at you

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One of the most common financial myths is that millionaires got rich from a single big payday — an IPO, a lucky stock pick, a windfall inheritance. The reality? The typical millionaire has at least seven streams of income. Diversification isn’t just for investing; it’s the foundation of building and sustaining wealth.

In my journey from a corporate job to financial independence at age 34, I learned that having multiple income streams is the key to weathering economic downturns, career transitions and unexpected life events. These seven income streams don’t just create financial security — they provide the freedom to live life on your own terms.

This post was originally published on Market Watch

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