How Self-Made Millionaires Multiply? Firstly, notice the word choice in the title! To grow significantly, you have to be in the multiplications business. 

There are millions of self-made millionaires, and they vary in how they accomplish attaining that level of financial security. I always believed that to hit a million-dollar asset base, an individual would have to be self-employed, an entertainer, an athlete, or born into a wealthy family. In addition, is the person who could reach that level after working most of their life and saving the way to a million-plus. 

Anyone who wants to accumulate financial security can do so, it’s just a matter of how fast you arrive at the destination. 


A global study of 6,000+ wealthy individuals was conducted over six years and revealed some eye-opening results—the rich use multiple income streams to help them attain millionaire status. 

• 65% of self-made millionaires had three streams of income.

• 45% of self-made millionaires had four streams of income.

• 30% of self-made millionaires had five or more streams of income.

According to a study by the Economist, about half of the world’s millionaires own their businesses. 

By no means does this suggest that you must quit your job and start a business. What it does mean is that you should consider the massive benefits of holding a 9-5 and owning a business. If you have never earned any money outside of your employer, this is a great time to consider your first step in multiplying your resources.

Let’s assume that you are already contributing to your company 401K Plan at a high level. Your next multiplication move is to add additional streams of income. 

What are the Top Streams of Income

  1. Earned Income
  2. Passive Income
  3. Business Income
  4. Rental Income
  5. Investment Income
  6. Royalty Income
  7. Recurring Income

Earned Income

Earned income is what most people do right now. They get up, hit the pavement, and push out an 8-hour day working for some corporation or someone else. They get a steady paycheck close to but somewhat below their actual value. When you earn an income, it means you are actively working for money. 

Passive Income

Passive income is money flowing into you without you having to work for it actively. You will work hard to set it up, but after the set-up, it begins to flow all by itself. There are many ways to accomplish this; the best way is determined by what interests you most and what you are automatically good at doing.

Business Income

Business isn’t for everyone. Starting and growing a business takes an intense grit and desire to steer your ship. Many people dislike being the leader or decision-maker, especially in tough times. The risk may not be their thing when money is on the table. Business income is great for those willing to self-moderate because it provides the opportunity for creating profits. 

In addition to profits, many owners get to express their flavor and flair in ways a 9-5 doesn’t allow. The more businesses you have, the more potential income and control you have. 

Rental Income

Rental income is simple, and I’m confident that you fully understand this income stream. Hard assets are the undefeated best investment long-term. Having someone pay your property loan while the underlying value increases over time is a big win-win. 

Investment Income

Investment income includes 

  • Interest Income
  • Capital Gains
  • Dividend Income

Investments are a historical place to park money and watch it grow. If you do not have any experience in investing, I encourage you to save $10,000-$50,000 and then start investing using an investment professional. Start small and increase your investment deposits as you learn along the way. 

Day trading, Forex Trading, and speculating are not traditional investment strategies and should be approached as higher-risk activities. I would never tell you to avoid them; go into these activities with your eyes and wallets wide open. 

Royalty Income

Royalty income is when you create a product and allow others to pay you to use it. Music artists create music and enable radio stations to stream their music across the airways. They get compensated for this usage. TV stars that appeared on shows 25 years ago are still getting paid for those appearances based on current views. 

If you have expertise, get to creating and let others “White Label” your products and services. 

Recurring Income

Recurring income occurs when you have money coming in on a regular interval after the initial purchase. The intervals can be:

  • Weekly
  • Monthly
  • Quarterly
  • Annually

Your Netflix subscription is a recurring income for the owners of the company. Millions of viewers pay $11.00 per month for access to movies. The actors receive recurring income if that’s how their contract is written. 

How many items do you have automatically billed to your credit or bank account? Flip the script and create your membership service or product. 

Getting Help

Help comes to those that seek it first and foremost. Financial help comes in the form of MULTIPLYING your time, talent, and resources. Now that you know how half the wealthy do it, realize you can accomplish the same, or more the sooner you get started.