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Types of Income: Explained...



There are a million and one ways to make money.

There are plenty of methods to create income. You can have a job, have a business, have income producing assets, or even "sit on the system." Funny thing is, even with all the methods of creating income there are only two primary types. These are active and passive. Sounds simple right?

Let's dig deeper..

If you haven't heard of passive income, don't feel bad. Most haven't. Most school systems only teach active income. I graduated # 16 student in my high school class and #11 in my college class AND I was in the school of business! I'm not saying that to brag, I'm saying that to show you I paid attention in school. I didn't hear about passive income until I picked up my first Robert Kiyosaki book. Crazy right?

Ok, chances are you already understand and are participating in active income. If you create your income actively, it means you have to perform some sort of task to get your money, EVERY time. If you're having a challenge figuring out if you income is active or passive, I'll be glad to help you.

If you don't do what you did today to make money, will you still get paid tomorrow?

If you said no, you create active income. You have to perform for your money. Wouldn't it be cool if your money had to perform for you? It can, that's exactly what passive income is. Creating passive income develops a system that makes your money work FOR you. Would you rather work? Or make your money work?

One of my favorite authors, says your money should have an occupation. He says your money should leave and come back with friends. Wouldn't that be great?!?! If that sounds good to you, find a way to get the money working FOR you!

Dig deeper on this subject. Learn for yourself.

You'll never look at money the same way ever again.

Let's get to work..

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