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:
Robert Kiyosaki 3 Types Of Income from Dynasty Team on Vimeo.
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. 😆
May we ask you to click the “f share” button at the top of the article, to share on Facebook or “retweet” this on Twitter?
Also, if you’d like to learn tips and secrets I’ve used over the past 16 years, sign up for our video series below.
Sending you a lot of “Aloha” (love) & “Mahalo” (thank you) for being a part of our “Ohana” (family)!
😀
March 11th, 2012 at 12:43 pm
Hello Kellie! Robert Kiyosaki has taught me so much from his books and events. I am a follower of him for a long time now.
Multiple streams of income: Yes I have learned that from him a long time ago and participate in this aspect except for the dirty word “Job” ha ha
I have maintained the balance of passive income also. And believe me, one needs to research the rules or else they are not playing the game correctly.
Sometimes I feel like an octopus because of the many hats I wear. Psychic, Intuitive business counselor, real estate owner, antique dealer, relationship coach…Phew! But balancing these different types of businesses keeps me happy. Isn’t that the end game?
Thanks for sharing this wonderful message and video
Blessings,
Donna
Donna MerrillÃ�´s last blog post ..LinkedIn – My Secret Weapon
March 13th, 2012 at 7:48 pm
Aloha Donna!
I love all of your talents and skills! You are truly blessed to be so “in tune” with yourself and your gifts!
Multiple streams of income is truly the best and I agree that it is a game to be mastered. It can be challenging and yet so much fun!
Thank you for visiting today!
Much love & aloha 🙂
March 12th, 2012 at 6:13 pm
Hi Kellie.
That makes a lot of sense. Thank you for sharing.
March 13th, 2012 at 7:49 pm
Aloha Haven!
Nice to see you on our blog! Glad you enjoyed our post. Hope to see you again.
Much aloha 🙂
March 19th, 2012 at 6:52 am
Hi Kellie!
You are doing a commendable work of bringing awareness of the opportunities for improving a person/family life, regardless of the so much talked about “bad economy” your article could not explain it more clearly . . . and those who are really trying to do something to improve their situation will be wise enough to listen and follow your caring guidance and support.
You are a great leader and I am glad to know you!
Delmy�´s last blog post ..Washington DC Welcomes Springtime
March 27th, 2012 at 12:27 pm
Just wanna tell you I really found this post fascinating and I’ll be pinning this on my pinterest!
Martha�´s last blog post ..Positive Thinking
April 2nd, 2012 at 7:46 am
I hope that what they get from us using tax are really use in the right way.
Tammy J. Duval�´s last blog post ..SEO Consultants