Income streams refer to the various sources of money that an individual or business earns over time. These can include wages from a job, profits from a business, rental income from properties, or dividends from investments. Having multiple income streams can provide financial stability and reduce reliance on a single source of income, making it easier to manage expenses and save for the future. Diversifying income streams can also help individuals achieve their financial goals more quickly. For example, someone might earn money through a full-time job while also investing in stocks or starting a side business. This combination can create a more secure financial situation and open up new opportunities for growth.