Additional income is a simple but not always easy way to increase your bottom line. Income streams are any recurring income received. Some examples are:

• A second job

• Selling physical items online (Etsy, eBay)

• Selling digital products online

• Redeeming scrap materials

• Child support

Additional income streams can be very helpful and even necessary at times. However, it is important to understand the value of the time you put into the income stream and what the trade-off is to yourself and your family.

A Word on Digital Products

There is a movement promoting passive income as easy money to be had by all. Many YouTube influencers would have you believe you are simply stupid for not having begun making passive income years ago. What many of them do not tell you is that it takes time to build, write, and design the digital product they are selling you. All income requires some form of work. Sometimes that work is upfront and sometimes it is incremental, but it is still work. This course alone took about 10-20 hours to write, edit, and refine.

Before you dive into building a passive income stream consider if your time could be better spent working for a second employer for a while. That second income could even help you to fund future passive income ventures.