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? 

[Eric James]

Is this based on some data regarding actual "millionaires" or is this just made up?

Also, what people do with wealth once they have it isn't necessarily how they made it to begin with