Our Current Income Sources
They say the average millionaire has 7 different income sources. In February 2017 when I first created this site we had 3. Work, Work and dividend’s. By becoming more conscious of different opportunities we currently have 6 different Income sources. Time to start thinking of a 7th source!
1 – My Salary (Job) – I’m a landscaper by trade, love my job. I’m on salary now and get winters off to do whatever. Normally a trip, renos around the house and other jobs for extra income. Some years I do snow removal as well.
2 – My Wife’s Income (Job) – My wife is a dental hygienist, working full time.
3 – Dividend’s from our Stock and Etf Portfolio – By purchasing shares in existing dividend paying companies, you can create a very solid passive income. Check Out Our Portfolio here. Dividend’s Currently add $4500 to our yearly income.
4 – Private Investment – We invested $50,000 into a family private investment – investing in various endeavors. This gives us a 12% return on capital, bringing in $500 per month or $6000 per year. Read more about the investment HERE.
5 – Ads & Affiliates – There’s some ads on this page as well as affiliates. Right now I have made $112 in adsense and .18 cents in amazon……… haha
6 – Solar Panels – December 2017 we finally finished hooking up our solar panels. They are on the roof of our house. It consists of 30 panels and will generate 28.8cents per kwh. The whole system will bring in roughly $3,000 per year for a 20 year contract. read more HERE.
Well there ya have it. After the panels get installed we will have 6 different income sources. Who knows what the 7th one will be, but I tell you there will definitely be more than 7 by the time we retire. I tend to always be on the lookout for a great passive income at the moment.