The Average Millionaire has 7️⃣ Different Income Streams

[Terra Padgett]

1. Earned Income – Salary or wages from a job or business.

2. Business Income – Profits from owning a business.

3. Dividend Income – Earnings from stock investments.

4. Interest Income – Earnings from savings, bonds, or lending capital.

5. Rental Income – Profits from real estate investments.

6. Capital Gains – Money from selling assets like stocks, real estate, or businesses.

7. Royalties or Licensing Income – Earnings from intellectual property, books, patents, or franchises.

A key takeaway: Diversify. Having eggs in multiple baskets 🪺
How many different income streams are you building?

Which ones?