My 5 Current and 3 Future Passive Income Streams

My passive income streams have grown steadily over the years, I haven’t put too much thought into their role in either my taxes or my standard of living until recently.

[{"selector":"#anim-de1ebff9-4135-49e5-b56d-5fe13a56fcf5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-104af132-b9de-4b4e-bbcc-6f54cdc192fc","keyframes":{"transform":["translate3d(-121.45328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

I realized I currently have four broad categories of passive income, and I’ll be adding another four significant income sources in the future.

[{"selector":"#anim-ddab2c79-d138-4b1c-afc7-f825e4764a2a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9603a0bf-9167-429a-b965-71222bc3bfdd","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

My 5 Current and 3 Future Passive Income Streams

Income that is not proportional to the time you physically put into acquiring it.

[{"selector":"#anim-872bc1a8-5884-4a7d-b2df-336c0f59c308","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c2385f9-f256-43d4-8d5b-b7359993c664","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60343321-e62b-47e8-8bbf-dc4ca568ffa3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Banks are not paying much in interest, but there are several online banks with a solid reputation paying 1% interest or more.

[{"selector":"#anim-ad45782b-b81c-4443-9815-8d67827ecdf6","keyframes":{"transform":["translate3d(107.16253%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41f711d4-911c-40e5-804d-23cc389aab46","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-286c0e99-13ce-4b9a-8d4d-ad78a231af95","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

By virtue of owning index funds in a Vanguard brokerage account, I receive enough dividends to support at least a third of our annual spending.

[{"selector":"#anim-39ae1916-6fef-46c7-8062-84eeb83df5c8","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75966965-71a0-412d-81e3-fce784961c28","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c6375813-6885-4c11-8c4e-3e46fcc729f3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

If I were to count each investment or even each type of investment as a different source of passive income, I would have way more than four.

[{"selector":"#anim-fe681c11-c82e-4836-bb47-3a2ebf87654e","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ccf235e6-6fd3-4672-822e-db98b1495d5d","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0294fc88-eb9f-45e3-8a33-21356fd2849e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

I am invested in two other personal finance websites. Perhaps you’ve heard of them: Passive Income MD and The Physician Philosopher.

[{"selector":"#anim-c276a498-76d8-436e-8afa-158fbbbc5475","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3bbd558-55d7-4665-82db-d1ebc4373839","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c2bea39-07d3-415a-bd90-b52ea0a584ca","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Each year that I was eligible during my working career, I maxed out a non-governmental 457(b). I’ve got roughly seven years worth of contributions plus earnings in the account.

[{"selector":"#anim-6476e299-edb6-40c0-b392-30283d1a2754","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a41591f-39c0-4d2a-9c1c-ee44c2e8144b","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-788c55c8-8e58-46e9-a52c-d548093a0285","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Like the 457(b), this account consists of both contribution and earnings. By the time I start taking withdrawals, the balance should consist of mostly earnings.

[{"selector":"#anim-41181ea7-a6dc-4c95-aa7d-752ccd5c337b","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6b4d0c7-7d9f-4414-a7d8-241a3f635001","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79ab0ee1-71a2-4714-b069-f8fa7fbeb484","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

SWIPE UP NOW TO READ MORE

[{"selector":"#anim-eec156de-b2b4-437c-a067-9a0726b271a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2afe6931-d43a-4ff6-97da-314e2d3e90c9","keyframes":{"transform":["translate3d(-116.50794%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

My 5 Current and 3 Future Passive Income Streams

My passive income streams have grown steadily over the years, I haven’t put too much thought into their role in either my taxes or my standard of living until recently.

I realized I currently have four broad categories of passive income, and I’ll be adding another four significant income sources in the future.

My 5 Current and 3 Future Passive Income Streams

Income that is not proportional to the time you physically put into acquiring it.

What is Passive Income?

Banks are not paying much in interest, but there are several online banks with a solid reputation paying 1% interest or more.

#1 Interest

By virtue of owning index funds in a Vanguard brokerage account, I receive enough dividends to support at least a third of our annual spending.

#2 Dividends

If I were to count each investment or even each type of investment as a different source of passive income, I would have way more than four.

#3 Real Estate Investments

I am invested in two other personal finance websites. Perhaps you’ve heard of them: Passive Income MD and The Physician Philosopher.

#4 Other Websites

Each year that I was eligible during my working career, I maxed out a non-governmental 457(b). I’ve got roughly seven years worth of contributions plus earnings in the account.

#5 The 457(b)

Like the 457(b), this account consists of both contribution and earnings. By the time I start taking withdrawals, the balance should consist of mostly earnings.

401(k) withdrawals

SWIPE UP NOW TO READ MORE

MORE STORIES