Personal Income Analysis: Active, Passive?

Alrighty-  Yesterday we covered what Active Income and Potential Income are and we went through a few methods of increasing them.  So now it’s time to apply it to ourselves.  I’ll show you my personal analysis of my Active and Passive income and you can go about doing the same for yourself.  By applying it to ourselves, we can just how many income streams we have and what to do from there.

So first lets list my current income streams:

So I have a total of 6 very limited income streams.  I do want to make a note that I am ONLY including Regular income.  I own several small businesses that bring in intermittent income, but I cannot include those for valid planning purposes.

So the next step then would be to outline ideas for increases in both sides of the chart:

Now I will say- You’re not going to see all of my ideas.  You’ll hear about them once they’re already in place .  But this is the majority of them.  You’ll notice that there is much more listed on the Passive side than the Active side.  I am ALWAYS looking for ways to increase the side of the chart that takes no regular work or time from me.  I’m busy enough as it is.  I want and need to make money in ways that take the least out of my agenda.

So now I’d encourage you to do this for yourself!  Comment and share how many income streams you have and how many you’d like to have.

Hope all’s well.  Maranatha!
–Michael