Predictable Millionaire™ — Do millionaires really have 7 streams of income?

Does an average millionaire have 7 income streams? Is that true? What do the real statistics say about this? You might find this research interesting.

The reality is that majority of millionaires have 3 income streams and only 5.3% have 7 income streams.

Most millionaires are extremely focused and do not spread themselves thin with too many income streams. They develop just a few and make sure those are operating extremely well and efficiently.

As mentioned in the graphic where this might be confusing for those sharing the misinformation of 7 income streams comes from them not understanding the difference between a stream of income and a system or function of income.

Systems or functions of incomes can be:

Earned Income

Profit Income

Interest Income

Dividend Income

Capital Gain

Rental Income

Royalty Income

Naturally these are not the income streams themselves as often millionaires select only a few of these systems or functions and then build multi-income streams within them.