My 5 Current and 3 Future Passive Income Streams

Recently, a reader reached out to share how his taxes were affected by his various passive income streams. It turns out, to no surprise, that the taxes on those income sources are much lower than those levied on his earned income.

Although 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.

My 5 Current and 3 Future Passive Income Streams

Banks are not paying much in interest, but there are several online banks with a solid reputation paying 1% interest or more. I am not a huge fan of sitting on cash, but for various reasons, I’ve been doing a lot of it lately.

#1 Interest

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. I’ve chosen to lump them together into the same category, and I’ll briefly review what these are.

#3 Real Estate Investments

I hesitate to include these as passive income ideas, and I want to clarify right off the bat that I’m not talking about my own site, the one you’re reading now. The profit that comes in from my activities here at Physician on FIRE is definitely actively earned income (and I donate a lot of it).

#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)

Click Below for More Details and to See my 3 Future Passive Income Streams 

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