The Three Incomes : - Deepstash
Introduction to Web 3.0

Learn more about books with this collection

The differences between Web 2.0 and Web 3.0

The future of the internet

Understanding the potential of Web 3.0

Introduction to Web 3.0

Discover 36 similar ideas in

It takes just

6 mins to read

The Three Incomes :

The Three Incomes In the world of accounting, there are three different types of income:

  1. Ordinary earned
  2. Portfolio
  3. Passive

1.7K

4.2K reads

MORE IDEAS ON THIS

How to successfully pay yourself first:

1. Don’t get into large debt positions that you have to pay for. Keep your expenses low. Build up assets first. Then buy the big house or nice car. Being stuck i...

1.81K

4.37K reads

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...

1.73K

3.77K reads

Choose your Heroes

Choose heroes: the power of myth

By having heroes, we tap into a tremendous source of raw genius.

“If they can do it, so can I.”

1.66K

4.14K reads

Reason for wanting to be rich?

When people ask me what my reason for wanting to be rich is, I tell them that it is a combination of deep emotional “wants” and “don’t wants.”

1.67K

5.52K reads

Analyse > Criticise

In the stock market, I often hear people say, “I don’t want to lose money.” Well, what makes them think I or anyone else likes losing money? They don’t make money because they choose to not lose money

1.68K

5.5K reads

Financial education first.

Financial Freedom starts with a strong financial education.

1.72K

8.26K reads

1.65K

4.56K reads

Financial IQ is made up of these four main technical skills :

  1. Accounting
  2. Investing
  3. Understand Market
  4. The law

1.97K

11.5K reads

The key to wealth:

Rich dad used to say, “The key to becoming wealthy is the ability to convert earned income into passive income or portfolio inc...

1.75K

3.61K reads

Welcome new possibilities

Rich Dad believed that the words "I can't afford it" shutdown your brain.

"How can I afford it?" opens up possibilities, excitement and dreams

1.86K

6.53K reads

The Rich know:

The rich know that savings are only used to create more money, not to pay bills.

1.75K

4.81K reads

Grow your assets

Understand the difference between an asset and a liability; and grow your income-generating assets' column.

1.8K

21.7K reads

Desire to invest

As a habit, I use my desire to consume to inspire and motivate my financial genius to invest.

1.63K

4.39K reads

Don‘t bury your failures :

Failure inspires winners to become winners.

1.72K

7.52K reads

Cure for laziness

Be a little greedy. It’s the best cure for laziness.

1.76K

5.99K reads

Make that choice everyday.

I just choose to be rich, and I make that choice every day.

1.69K

5.61K reads

Stop Digging

“If you find you have dug yourself into a hole... stop digging.”

1.74K

14.8K reads

Meaning of wealth

Wealth measures how much money your money is making and, therefore, your financial survivability.

1.74K

13.2K reads

Your world is your mirror:

"It is true that your world is only a mirror of you."

1.67K

4.17K reads

How to overcome financial crisis:

When you get into financial hot water; use your brain to create more income while staunchly defending the assets in your asset column. And be like a good soldier defending the fort—Fort A...

1.64K

4.6K reads

1.68K

4.78K reads

Doubts often paralyze us:

We play the “What if?” game. “What if the economy crashes right after I invest?” Or we have friends or loved ones who will remind us of our shortcomings. They often say, “If it’s such a good idea, how come someone else hasn’t done it?”

Thes...

1.71K

6.13K reads

5 Roadblocks

There are five main reasons why financially literate people may still not develop abundant asset columns that could produce a large cash flow.

The five reasons are:

  1. Fear
  2. Cynicism...

1.83K

7.41K reads

WARNING:

Don’t listen to poor or frightened people. I have such friends, they are the Chicken Littles of life. To them, when it comes to money, especially investments, it’s always, “The sky is...

1.69K

5.04K reads

Always remember:

Profits are made in the buying, not in the selling.

1.73K

4.13K reads

Hardest pill to swallow :

One of the hardest things about wealth-building is to be true to yourself and to be willing to not go along with the crowd

1.68K

5.44K reads

Pay yourself first:

The power of self-discipline If you cannot get control of yourself, do not try to get rich. It makes no sense to invest, make money, and blow it...

1.71K

4.99K reads

Your best employee is your money.

Once a dollar goes into assets, never let it come out.

Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours...

1.85K

10.6K reads

Education and wisdom about money are important:

Start early. Buy a book. Go to a seminar. Practice. Start small. I turned $5,000 cash into a one-million-dollar asset producing $5,000 a month cash flow in less than six years. But I started

1.7K

3.79K reads

Give and you shall receive:

Whenever you feel short or in need of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, or fri...

1.7K

3.64K reads

Potential within us

We all have tremendous potential, and we all are blessed. Yet the one thing that holds us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back...

1.8K

8.53K reads

Failures come just a step before success:

Before success comes in any man's life, he is sure to meet with much temporary defeat, and, perhaps, some failure. 

When defeat overtakes a man, the easiest and most logical thing to do is to QUIT. That is exactly what the majority of men do.

When failures come along the way, always k...

1.7K

4.04K reads

Related collections

More like this

"The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.

ROBERT KIYOSAKI

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...

The quest for passive income

The idea of a diversified portfolio is to have different kinds of active and passive income.

Passive income is investing time and money up front to help earn money continually even while you sleep. It can take many forms, including digital downloads, e-books, selling stock imagery, lic...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates