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If you are thinking about diversifying your income, you may be asking yourself, “How do I diversify my income?” Its actually pretty straight forward, and many of us already have multiple income streams, we just don’t realize it.
The goal of creating multiple income streams should be to maximize your potential in each category available to you. If you are just starting out, it really isn’t reasonable to expect you to generate tons of rental income. However, if you start maximizing your income generating potential through your primary salary, you will find yourself having excess income that you can reinvest to generate additional income streams and earn more money.
Remember, the average millionaire has 7 different income streams.
Sources close to Facebook have revealed a sneak peak at the company’s finances.
The social network’s profits have doubled in one year, and are now likely to be a full billion dollars this year.
That figure is double the reported figure for last year.
The company reportedly made $714 million profit in the first three quarters of this year, on revenue of $2.5 billion.
It is expected to clear the billion mark in the last quarter.
Mark Zuckerberg reportedly owns 24 per cent of the shares in the company, according to the figures obtained by Gawker.
The Wall Street Journal recently valued the company at $100 billion – putting Zuckerberg’s personal stake at $24 billion.