Income strategies refer to various methods individuals or businesses use to generate revenue. These strategies can include traditional employment, investments in stocks or real estate, and starting a small business. The goal is to create a steady flow of income that can support financial needs and goals. Another common income strategy is passive income, which involves earning money with minimal ongoing effort. Examples include rental income from properties, dividends from stocks, or royalties from creative works. By diversifying income sources, individuals can enhance financial stability and reduce reliance on a single income stream.