“Stop trading time for money and start building assets... - Deepstash

“Stop trading time for money and start building assets that generate income.”

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Active vs Passive Income

Active vs Passive Income

There are 2 types of income:

Active Income: You are trading time for money. In order to make money you must perform something. Every day you start from zero.

Passive Income: You do not have to be present to generate income. Things like real estate...

Assets vs. Liabilities:

Assets vs. Liabilities:

Kiyosaki introduces the concept of assets and liabilities, emphasizing the significance of building assets (such as real estate, stocks, and businesses) that generate income, rather than accumulating liabilities (such as consumer debt and luxury items).

Ways To Make More Money

It is too risky to rely on one source of income. Try to generate income without trading your time for money.
Ways to generate extra income:

  1. Start a web-shop - Sell something you use yourself.
  2. Write and publish a "how-to" book

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