Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

3,497
Posts
2,606
Votes
David Krulac
  • Mechanicsburg, PA
2,606
Votes |
3,497
Posts

The 7 Income streams of Millionaires.....

David Krulac
  • Mechanicsburg, PA
Posted

http://www.renegademillionaireblog.com/7incomestreams.html?inf_contact_key=72f3120c3a256bac819b73d8cea63a30229665212481e17888a324b8c9ca4b71

Most Popular Reply

User Stats

9,365
Posts
6,551
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Just checked it out. Good reading. I noted the fact that many people focus on three income streams that are least effective for building wealth. BP members have it right. The income stream they focus on, rental income, is the most powerful (according to the author).  

Copied and pasted from his page:

We’re always working to generate leads, make payroll, increase sales, deal with problems, hire/fire employees….
You’re never free when you own a business. NEVER.

These same ongoing challenges do not apply to rental real estate. Sure, we have challenges with rental real estate. These challenges are temporary and typically revolve around vacancies. Once these vacancies are filled with qualified tenants, we have our freedom back.

It all boils down to which income stream you set as your priority.

Loading replies...