Yesterday during some free time at work I thought for a second about my multiple streams of income challenge and thought...in all what avenues do I currently utilize to get to retirement early? Here is the list I came up with (in no particular order):

1. Craigslist
2. Ebay
3. Surveys
4. Blog Revenue
5. Amazon books sales
6. 40 hour/week job
7. 401k
8. Roth 401k
9. Wife’s 403b
10. My ROTH IRA
11. Wifes ROTH IRA
12. 529 plan for son
13. Ibonds (for son’s college)
14. Silver coins & coin collection
15. Company stock options
16. County tax lien certificate
17. Farming business
18. Home equity

Basically when I got to about 8 or 9 items I felt blown away. Then to come up with 18...wow! I realized we are already using a lot of different streams of income generation that are already generating $$’s or will be available someday (i.e. retirement funds, 529 plan).

You know the quote of Albert Einstein that says “The most powerful force in the universe is compound interest”. I realize with 18 different streams of income, the power of compound interest, and being only 31 years old that these streams will eventually make ponds. Thus generating more income or retirement $$’s that I probably will ever be able to imagine.

I challenge you all to sit down and write out all the ways that you are creating avenues of income today or will be in the future. You might just be amazed at what you are already doing.

As always if anyone has any suggestions on other ways to create income streams, then let me know and I’ll investigate!! Thanks again for everyone’s encouragement as my family and I go on this challenge.

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