Millennial Couple Reveals How They Earn Rs 3.5 Crore A Year Through Six Incomes

It's a no-brainer that both COVID and mass layoffs have taught us the common lesson of having more than one source of income. Be it the lockdowns that impacted people¡¯s livelihoods or the sudden layoffs that took away people¡¯s incomes in a flash, the importance of having two sources of income, maybe through a side gig, became prominent.

But a millennial couple has gone much further in this aspect. They are earning from not just one or two but, in fact, six income streams. Yes, you read that right.

How Much Is The Millennial Couple Earning?

cnbc

Couple Eddie Nu?ez and his wife Stefani Nicole Penaranda, who have two children, earned a mammoth $420,000 (approximately Rs 3.5 crore) in income from six streams last year in the US state of Virginia.

Also Read: Not Gen Z Or Millennials, This Generation Works The Hardest

What Six Sources Of Income Do They Have?

The millennial couple owns a snowplough business and seven real estate properties. Penaranda runs a daycare and is a real estate agent, while Nu?ez works in IT consulting and as a cybersecurity contractor.

Nu?ez has so many streams of income in order to give his own kids more financial security than he had when he was young. ¡°Coming from Peru, I always knew that money was important, and you only get as far as your efforts,¡± says Nu?ez, now 34. ¡°I wanted to provide [my family] with everything that I didn¡¯t get to enjoy as a child.¡±

Running six jobs at once is, he admits, challenging. Still, he¡¯s not done adding to the family¡¯s portfolio. He and Penaranda are in the process of buying a nearby Peruvian coffee shop.

cnbc

Also Read: US Millennials & Gen Z Breaking Up With Friends Who Tempt Them To Overspend

When Did It All Began

By the end of 2011, Nu?ez and Penaranda had already hit their stride. The couple rented out their basement and guest room to buy a $17,000 snowplough truck. The business saw enough initial success to scale quickly, and the couple worked their way up to a fleet of 10 trucks, as per a CNBC report.

Fickle weather can make their snowplough income unpredictable, which is why the additional five revenue streams come in handy, he says, especially since they¡¯ve since downsized to two trucks. Penaranda opened her own daycare in 2017. She now oversees 12 children, and the company brought in $168,300 last year. As a real estate agent, she made $9,600 in 2022.

Nu?ez graduated with his bachelor¡¯s degree in cybersecurity from the University of Maryland in 2018, two years after he officially became a U.S. citizen. Now, he makes about $113,800 from his full-time job as a cybersecurity contractor and freelance consultant.

He and Penaranda recently began investing in real estate. Their seven properties collect about $10,800 per month in rent. ¡°My idea to get to my goals faster was to have different streams of income and revenue,¡± Nu?ez says.

For the latest and interesting financial news, keep reading Indiatimes Worth. Click here.