By the way, if you haven’t read his books, I will mention some below which I really liked. He really was the first person I read saying, “your house is not an asset”. He opened my eyes to a things about money and investing which permeate with me to this day, and I can quite honestly say, I like hearing what he has to say and often read his books. He was one of the people who I first think I read talking about having streams of income.
The # of Income Streams the Wealthy Have
I thought to list them out and share the gross percentage each makes up of my income currently
- J-O-B – 68%
- 2 Rental Real Estate Properties – 26%
- Options Trading – 4%
- Officiating – 2%
- Online Blogging – 0.004%
- Dropshipping – 0.02%
So, I have 6 streams, two of which I just started this new year, namely, Blogging and Dropshipping, and one last year which was Options Trading. I hope to build all these streams over time. If I get another rental property this year which I am currently working on, that percentage will increase to 35%.
Number-wise, I am one short of the magic number 7, but my main sources of income are my job and rental real estate. Those contribute the most to keeping the lifestyle I am accustomed to. Although, the others have potential to grow over time as I continue to work in these areas considering the young lifespan they have had thus far.
The More Income Streams the Better
I told you I like hearing what he has to say. Add these to your reading list.
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