I was doing some bookkeeping recently and realized how much my income sources have ballooned over the past few years.
Right now, mine include:
-Salary I pay myself from my insurance agency
-S-corp profit from that agency
-19 rental tenants
-Wholesale and flip properties
-My wife’s S-corp and salary
-Dividends from stock investments
-Interest from money market accounts
-Investment gains
-Credit card points (surprisingly not insignificant)
What’s funny is, even though 2025 will probably look like one of my lowest income years on paper (reinvesting heavily into multiple ventures), 2026 is lining up to be one of the best.
It got me thinking:
– How many different income sources do you have right now?
-Which ones are truly passive vs. just “diversified work”?
-And do you also have those low-income, high-growth years that set you up for huge ones later?
How many income sources do you have right now, and which ones actually move the needle?
byu/Superb_Advisor7885 inEntrepreneur
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-One main one, has been working really well for me: selling private jet flights
Note: I like keeping things organized and easy so I always told myself that I’d stick to this ,,working system” as soon as I found one that suits and works best for me ( I tried multiple business models and niches). So I’m pretty conservative and don’t juggle with multiple things at the same time.
That’s also a beginner friendly tip for all newbies or people just starting out. Focus on one thing at a time.
Sure at the beginning try things out but then find out what you enjoy the most and stick to it ( as long as you see it being ,,worthy enough” to hold onto and put your blood and sweat into it)
– After about multiple months, if not even approx. a year I finally experienced my first ,,success” – I sold my first private jet flight to a businessman from my city and got about $2.4k in commission for it.
Right now I sell about 5-10 flights p/m averaging about $1.8k-$2.3k per flight.
Other than that I do invest probably have of my monthly revenue, but I don’t count that as income sources so yeah.
I have over a dozen. Most of my income comes from my active business I work FT.
But I have a couple Airbnb that pull in 100-300k with about a 60k annual cost (not including property). Send a few messages a month but will be back to automated once I get a new assistant.
Have a bunch of tech companies that make/lose a couple grand a month, all fully passive. Once I figure out sales they’ll grow like crazy.
I’ve been on the edge of blowing up everywhere but lifestyle creep eats the profits I should be reinvesting.