Income Types Overview

This interactive dashboard was created to help people figure out which income strategies might suit them best. Simply click on the income type to highlight.

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Why This Dashboard Was Created

I created this dashboard because there are countless YouTube videos, podcasts, and websites offering advice and encouragement to start businesses, invest, or explore new income streams. However, very few resources actually help people choose the option that best fits their unique situation. Some people may have plenty of time but little money, while others have financial resources but prefer low-effort, high-reward opportunities. This dashboard bridges that gap, providing a data-driven comparison to help individuals identify which income paths align with their goals, resources, and preferences.

This is the first of many dashboards I plan to create. Future versions will allow users to filter opportunities based on their interests, experience, and abilities, comparing thousands of income options from home. You’ll be able to evaluate the cost, effort, success rates, and earning potential to find the strategy that works best for you.

1️⃣ Earned Income

  • Definition: Income from active work (salaries, wages).
  • Examples: Software Developer, Teacher, Consultant.
  • Key Points: Stable, time-dependent, limited scalability.

2️⃣ Business Income

  • Definition: Profits from operating a business.
  • Examples: E-commerce Store, Freelance Agency, Tech Startup.
  • Key Points: High scalability, variable income, higher risk.

3️⃣ Investment Income

  • Definition: Earnings from assets like stocks or bonds.
  • Examples: Dividend Stocks, Bonds, REITs.
  • Key Points: Market-dependent, potential for passive growth.

4️⃣ Rental Income

  • Definition: Income from leasing property.
  • Examples: Residential Rentals, Commercial Property, Airbnb.
  • Key Points: Steady cash flow, property management needed.

5️⃣ Royalty Income

  • Definition: Payments for using intellectual property.
  • Examples: Book Royalties, Music Licensing, Patents.
  • Key Points: Passive after creation, depends on demand.

6️⃣ Passive Income

  • Definition: Income with minimal ongoing effort.
  • Examples: Affiliate Marketing, Online Businesses, Blogging.
  • Key Points: Automation-friendly, scalable with audience.

7️⃣ Residual Income

  • Definition: Ongoing income from recurring revenue models.
  • Examples: SaaS, Membership Sites, Network Marketing.
  • Key Points: Recurring revenue, moderate risk, scalable.

📈 Dashboard Metrics

  • Success Rate: Likelihood of sustainable income.
  • Profitability (Months): Time to start earning profit.
  • Initial Investment ($): Upfront capital needed.
  • Initial & Ongoing Hours: Effort required.
  • Accumulated Income (25 Years): Total earnings.
  • Efficiency Metrics: Scalability, Tax Efficiency, Automation, Exit Potential.

Use this guide to interpret dashboard data and make informed decisions.

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