Seven Sources of Income
- Employment
- Investments
- Pensions
- Property
- Benefits
- Child Support
- Alimony
Two Common Passive Income Streams
- Interest
- Dividends
The Seven Streams of Income
- Earned income from jobs or businesses
- Profit income from sole proprietorships or partnerships
- Interest income from savings accounts or loans
- Dividend income from owning company shares
- Rental income from properties
- Capital gains income from selling investments
- Royalty income from intellectual property
Creating Multiple Income Streams
By diversifying, you can create a secure financial future. Explore these seven income sources to build wealth.
Creating 7 Streams of Income
Focus on earning multiple streams of income: earned, profit, rental, interest, dividend, capital gains, and royalty income.
Most Common Source of Income
- Employment income
- Investment income
- Business income
- Passive income
- Gift income
Different Types of Income
- Wages and salaries
- Self-employment
- Government payments
- Investment
- Other
Income Sources for Life Satisfaction
Common income sources include wages, salaries, tips, business income, interest, and rental income.
Wealthy Individuals and Income
The best seven income streams are earned income, business income, interest, dividends, rentals, capital gains, and royalties.
High Earners and Savings
High earners, not rich yet (HENRYs), allocate more to expenses than investments and savings.