Are You Earning 3 Types Of Income?
I didn’t even know I could earn different types of income! 🙄 until I joined the home based business industry.
Financial Education Is Crucial
The first book I read by Robert Kiyosaki was Rich Dad, Poor Dad. I couldn’t put the book down! Everything he said made so much sense to me and I was “hungry” to learn more from him. I started to buy all of his books, and tapes and devoured his unique “financial education” which no one else was teaching back in the late 90’s.
3 Types Of Income
Robert Kiyosaki says there are 3 types of income:
1) Earned Income = Income from a job
2) Portfolio Income = Income from paper assets or capital gains
3) Passive Income = Income comes in on a regular basis
Taxes Differ For Each Type Of Income
1) Earned Income taxed at about 50%
2) Portfolio Income taxed at about 20%
3) Passive Income can legally be taxed at 0%
Please watch Robert Kiyosaki’s video on the 3 Types of Income:
Cool huh? 😆 I love getting educated by Robert Kiyosaki! So Robert says if you are going to work hard, why not work hard to earn “Passive Income“. He also talks about the E (Employee), S (Small Business), B (Big Business), I (Investor). If you would like to learn more about Robert’s Cashflow Quadrant and the 4 categories, E, S, B, & I, please click on a blog post I did on the New Rules Of Money For Home Based Business.
How do you feel about the different types of income? Did you know how different the rules are for the different types? I would love to hear your thoughts and comments below. 😆
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