Three Types Of Income
Earned - money derived from paid work. Ex: If you work a job (highest tax).
Portfolio - money received from investments, dividends, interest, and capital gains.
Ex: If you trade stocks.
Passive - money you get neither from your portfolio nor earned income, and does not require an ongoing effort.
Ex: Cash flow & Assets (never taxed).
23
346 reads
CURATED FROM
IDEAS CURATED BY
Smart girl with a big heart. I talk about finances, personal growth, and the real stuff. Let’s win! I ♥️ Humanity 🤝🏾🫱🏾🫲🏻🫱🏾🫲🏽🫱🏾🫲🏿 🌎
You may have heard the quote that “‘money is a tool” before. And of course, using a tool requires knowledge. Therefore, before spending money, gain knowledge of how to efficiently utilize it.
“
Similar ideas to Three Types Of Income
Passive and Portfolio Income:
When my rich dad said, “The rich don’t work for money. They have their money work for them,” he was talking about passive income and portfolio income.
Passive incom...
Types of Income
- Active Income - the most common example of an active income comes in the form of paychecks from your employer
- Passive Income - this type of income is received even without active participation in the business
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates