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Updated almost 7 years ago on . Most recent reply

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David Krulac
  • Mechanicsburg, PA
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The 7 Income streams of Millionaires.....

David Krulac
  • Mechanicsburg, PA
Posted

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

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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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.

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