Alternative income refers to earnings generated from non-traditional sources outside of a regular job or salary. This can include income from investments, rental properties, freelance work, or side businesses. Many people seek alternative income to supplement their primary earnings or achieve financial independence. Common forms of alternative income include dividends from stocks, interest from savings accounts, and royalties from creative works. Additionally, some individuals explore peer-to-peer lending or crowdfunding as ways to generate income. By diversifying their income streams, people can reduce financial risk and increase their overall financial stability.