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1
Coach
Depends on how you define “income”. Does interest from HYSA count? Do dividends from index funds in a brokerage account count? The IRS counts both of those as income, but I generally don’t (especially because I reinvest the dividends currently, so that money doesn’t hit my spending account). Do you count cashflow from multiple rental properties as multiple streams of income or just 1 because they’re the same type of income?
Well it’s not an audit so as you wish. I’d probably count interest and CG as one though.
Currently at 5 but it gets tough to manage while also working (wife and I are consultants).
(1) W2s, (2) side hustle business hoping to make main hustle 🤞, (3) real estate syndications, (4) accredited business investments, and (5) any capital gains on stock portfolio
Only about a year. Wife and I are currently working ~10hrs / wk each but short term goal is have her transition full time in 2026!
I have three streams of income. I have a full-time job which is my main income, and two side hustles that I do. I am trying to diversify my income this year.
What are the two side hustles? I do investments and options trading on the side.
Coach
FIREd now, (1) interest /dividends from after tax investments and (2) pension.
Will add Social Security (3) and RMD’s from my IRA (4) when required by age or optimized. Will save the Roth (5) for last.
4 - trying for a 5th
Are you using protection?
My w-2 and four rentals.
Ditto! Mostly residential but one property is both.
Big shovel - salary
Supplemental - bank interest, brokerage/HSA (reinvest div but sell as needed), stay at home spouse's self employed part time income, credit card/bank bonuses, Treasury interest.
Retirement (future income streams) - 401k, IRA, social security, small pension
So... 1? 10? I'm leaning towards 2 (salary and portfolio income).
W2
Interest and dividends
Gifts
I hope so - it’s the best stream of income
Mentor
2 - dividends and rental income
My wife and I both draw pensions, although I still work. She also has Social Security and an annual annuity payout. I bring in part time income from essentially two occupations. We are debt free and have an IRA (all Roth) available when we need it, but haven’t had to touch it yet.
Right now, I would say approximately 5 depending on how you track it.
My W-2
Wife’s W-2
Side business; private real estate lending
2 rentals
One flip
Tbd if we tackle another flip (or more) next year and my wife will stay home soon with the kids but may help in the other income streams
Sure! Any specific questions that you have?
Essentially we fund short term loans for real estate investors as they value capital quickly and more flexible than standard bank loans which take a month+ often. In exchange we get a premium interest rate. We review and underwrite to make sure we aren’t at risk, and we have a lien on the property if worst comes to worst. We service the debt for ourselves and a service to co lenders that are interested in putting their capital to work as well.
If you were looking for something more feel free to ask or message me directly - happy to chat