As we enter 2024 and begin our goal-setting process for the year, I am focused on defining my financial objectives and significantly upgrading my strategy. I have identified 8 income streams that I am determined to establish by the end of 2024. These will not only diversify my earnings but also provide me with multiple sources of income, as passive as possible. Let’s explore each income stream in detail:
- Job – Analyst in Private Equity and Private Markets My current role as an analyst in private equity and private markets will continue to be one of my primary income streams. This job provides stability, security, health insurance, dental insurance, a 401(k), an HSA account, bonuses, and many other benefits, making it worthwhile. It also offers growth and development opportunities crucial for my personal and professional growth. With my expertise in this field, I aim to excel in my career and secure a stable income.
- Airbnb – Expanding My Property Portfolio Airbnb has been a significant part of my income since 2017. I plan to organize and restructure my property portfolio by the end of 2024 to make it a consistent source of income that requires minimal involvement.
- Real Estate – Equity and Rentals I will continue to develop my real estate portfolio, collecting rental income and building equity as property values appreciate. Though managing these properties has been time-consuming and financially demanding, I view it as a long-term investment that will eventually pay off.
- Stocks – Equity and Dividends Investing in stocks and cryptocurrencies has been a lucrative source of passive income. By staking cryptocurrencies and holding dividend-paying stocks, I aim to benefit from both equity growth and dividend distributions.
- Points from Credit Cards – Maximizing Rewards I maximize the benefits of credit card rewards, particularly with my American Express Platinum card. Despite its high annual fee, its rewards justify its cost. I plan to explore new cards to accumulate more points and benefits, though I intend to keep my credit card count to a maximum of three at any time.
- Adsense – Monetizing My Blog Moving forward, I plan to monetize my blog through Adsense, attracting advertisers by providing valuable content and generating revenue from ad placements.
- YouTube By creating regular content on YouTube, I aim to grow my audience and generate additional revenue through views and subscriptions.
- Online Store – Expanding My Blog’s Reach I plan to create an online store on my blog to sell personal finance-related products and services, tapping into the e-commerce industry to expand my income sources.
In addition to these streams, I aim to secure brand deals and establish a successful YouTube channel, providing further income and opportunities for growth.
By diversifying my income through these eight avenues, I am confident in achieving greater financial independence and securing a prosperous future. Join me on this exciting journey as we unlock our earnings’ full potential and organize our finances for success. Feel free to reach out with questions or to share your journey with me.
Disclaimer: This blog post represents my personal goals and plans, and actual results may vary.
