Income streams, what are yours?

[thebbqguy]

I used to cash out about $400 a week in bulk candy vending machines, but it was had work. It was hard work to keep everything coordiated. I work so I also had to pay to have them relocated. They were also vandalized a lot or just flat stolen. I can attest that is was a lot of fund rolling up $2,000 in quarters and taking them to the bank every so often. The lady at the bank actually didn't complain to much after about the 3rd time I did it.

[riparian]

200% mostly passive from books I've written.
0-200% (depending on whether I do anything) on phone sex and video sales.
0-60% on a seasonal hobby business.
Soon: 200% from two rental cabins (one is almost ready, the next I'll build in August).

I'd love to see more examples too. It seems like there are so many ways to develop passive or close to it income streams, and many of them are much faster and easier than 7+ years of wage slavery to invest.

[bibacula]

I became FI with a YMOYL mindset, so I don't understand the necessity of multiple streams of income.

I just buy stock index funds and bond index funds, and I use the dividends and interest to pay my living expenses. Simple and robust.

A small group of YMOYL people buy and rent real estate. This is harder work and riskier due to lack of diversification, but it can be faster.

As per the OP, if you must manage several apartment rentals, actively trade options in financial markets, do consulting and freelance work and work a part time job just to pay your bills, then you're not independent financially.

On the other hand, if these activities are hobbies, then the income is temporary and is not a part of your FI calculations beyond adding to your savings.

[pathguy]

About 2 years ago I created a list of books on a particular subject and posted it to a message board. The links were Amazon affiliate links. Took me about 2 hours to put that list together, and I've gotten $30-75 a month for the last 2 years from it.

[pathguy]

It was around 200 books. No idea about the traffic, and sorry but I do not want to reveal the subject.

[pathguy]

It is a specific sport/outdoor activity.

[tylerherman]

300% day job
80% freelance
75% affiliate marketing

Still saving up/getting out from under student loans... but would like 100% from investments, the only true passive income.

[paz]

I became FI with a YMOYL mindset, so I don't understand the necessity of multiple streams of income.

I just buy stock index funds and bond index funds, and I use the dividends and interest to pay my living expenses. Simple and robust.

A small group of YMOYL people buy and rent real estate. This is harder work and riskier due to lack of diversification, but it can be faster.

Once you're FI by any approach, you don't need multiple streams of income; the multiple streams are designed to offer flexibility either a.) on the way to FI or b.) while sustaining a given lifestyle, downshifted or otherwise. The more ways you have to pay your bills, the more options you have if any of the individual streams run dry.

[Pedal2Petal]

Last 12 months only

Web & GFX consulting 41%
Website ad revenue 33%
GST Tax Benefits (canada) 11%
Freelance Accounting 4%
Web Hosting Reselling 3%
Miscellaneous 7%
Gifts 1%

Total: just over 100%
Total from passive income: 53% and rising