8 Different Types of Income And How You Can Create Each One!
The 8 Different Types of Income Streams.
• Earned Income- Earned from working a job.
• Profit Income- Earned from buying and selling Products.
• Interest Income- Earned from Lending money.
• Residual Income- Earned when the job is done and you still get paid.
• Dividend Income- Earned through owning stocks/companies.
• Rental Income- Earned through renting out properties.
• Capital Gains Income- Earned through the sale of Appreciated Assets.
• Royalty Income- Earned through someone else selling your idea(s).
The Entrepreneurs Perspective To Investing In A Business
One great way is to learn about business and in turn, learn how to evaluate a business. The best way to learn about business is the entrepreneurial way, own your own business! You don’t have to quit your job or stop going places with your friends. A side gig, a side hustle, doing something like that will do two things.
Not All of Your Assets Are Created Equal, These Ones May Need to be on The Bottom Of Your List
Everyone wants to believe that they’re making good choices when it comes to investing in their future. But that’s not always the case and you may not even know it.
10 Reasons Income Properties Need to be an Integral Part of Your Portfolio Today!
A lot of people have thought about getting income properties and never pursued it. Why is that? Are you interested in getting Rental properties? The benefits of rental properties can be HUGE! Everyone seems to be always talking about having a “diversified portfolio” But what does that even
Here’s Why My Retirement Plan is Safer Than Yours!
Retirement, the one thing most of us all long for, also, the one thing that more and more people are going to struggle within the coming years. The gap between the wealthy and the poor is getting larger and larger all the time. Soon, a lot more people
Why Paying Yourself First Needs to Become Your First Priority today! (The Rich do it, Are You?)
Do you have a difficult time-saving money? Just when you think you’re doing good something unexpected comes up and POW!! Savings gone. This is a reality for so many people. More and more people are living paycheque to paycheque and it is steadily becoming the norm in society.
How To Save Money And Pay Off Debt At The SAME TIME!
Are you burdened with debt? A debt or multiple debts that you’re struggling to repay? Don’t worry, with the right plan it will get easier, I promise. If you use this as a guideline you will become debt-free. There is no doubt in my mind. Where does it
The Pros and Cons of Saving Money Vs Investing Money!
Do you have money sitting around? Do you want money sitting around? What do you have to do to invest money, or should you save money rather than invest? Difficult questions? Absolutely, Let’s look at the pros and cons of Saving Money vs Investing. When the cards are
How You Can Use Compound Investing To Accelerate Your Gains
Compound Investing starts as one investment, then two, then three and so on. Each additional investment creates more value and can generate more income for the investor.
How To Properly Set A Goal!
Setting goals is part of life. We all have to have goals. Believe it or not, you set goals all the time. Are you doing it Properly?
Liability Definition
A Liability is the obligation of a Company or Entity to repay a Debt or Expense due to current or past operations of the company. To make that simple, A Liability is the obligation of a company to repay a debt.
How Professional Investors Hedge Their Portfolio
What is Hedging? In order to understand what Hedging is, you need to have an idea of why you should want to Hedge in the first place. If you go to work every day, make money, pay for your house, car, food, family expenses and manage to save
