7 Streams of Income: The Millionaire’s Secret

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While most of us have one source of income that dwarfs the rest, it’s not uncommon for millionaires to count 7 streams of income.

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Based on the list below, I can claim five or six. If my lazy butt ever decides to write a book, perhaps I could call it seven.

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I think doctors have an advantage in that you really only need the one primary income stream to become a millionaire and then some.

7 Streams of Income: The Millionaire’s Secret

When I began a start-up specialist dental practice in 2005, I mainly focused on networking with other dentists for referrals and anything else I could to increase new patient numbers.

– active (earned) income – passive income – portfolio income

Most people receive active income streams from their day job or business. This happens each day you go to work and provide a service in which someone pays you.

This type of income is what I’m mainly focused on growing. It’s not directly tied to active work performed.

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7 Streams of Income: The Millionaire’s Secret

While most of us have one source of income that dwarfs the rest, it’s not uncommon for millionaires to count 7 streams of income.

Based on the list below, I can claim five or six. If my lazy butt ever decides to write a book, perhaps I could call it seven.

I think doctors have an advantage in that you really only need the one primary income stream to become a millionaire and then some.

7 Streams of Income: The Millionaire’s Secret

When I began a start-up specialist dental practice in 2005, I mainly focused on networking with other dentists for referrals and anything else I could to increase new patient numbers.

– active (earned) income – passive income – portfolio income

3 Types Of Income

Most people receive active income streams from their day job or business. This happens each day you go to work and provide a service in which someone pays you.

Active income

This type of income is what I’m mainly focused on growing. It’s not directly tied to active work performed.

Passive income

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