Between rental, earned, profit, royalty, dividend, capital gains, and interest income, there are a plethora of passive income (i.e. requiring minimal effort on your part) strategies that you can engage in to ensure you are always getting the most out of your capital. Let’s briefly go through the highlights of seven streams of income before diving into an EIGHTH stream of income which we like to refer to as the “secret” income stream.

Life insurance is often thought of as only providing a benefit to those receiving the proceeds on the death of the insured. The truth is, insurance policies can be structured to provide an additional source of cash flow. 

This guide is courtesy of David Rubin, Estate & Insurance Advisor.