Read on Twitter
Multiple-Streams of income are no longer a luxury,
They’ve become a necessity.
If you want to learn about the 8 different types of income & how you can go about earning them...
Keep Reading
- THREAD -
They’ve become a necessity.
If you want to learn about the 8 different types of income & how you can go about earning them...
Keep Reading
- THREAD -
1. Earned Income
Money earned from paid work.
Trade time + energy for $$
We all have to start somewhere and this will most likely be your first stream of income.
Now let’s get to the good stuff...
Money earned from paid work.
Trade time + energy for $$
We all have to start somewhere and this will most likely be your first stream of income.
Now let’s get to the good stuff...
2. Profit Income
Income earned from buying products and selling them for a profit.
@CoachJoeHart can tell you about this one
This is done by purchasing low and selling high!
From Dropshipping to even the local drug dealer selling grams of weed
Your First Business!
Income earned from buying products and selling them for a profit.
@CoachJoeHart can tell you about this one
This is done by purchasing low and selling high!
From Dropshipping to even the local drug dealer selling grams of weed
Your First Business!
3. Interest Income
Income generated by interest on investments like a savings account for example.
You’re basically allowing others to invest your money granting you a return on your investment.
This is a good example of passive income
Income generated by interest on investments like a savings account for example.
You’re basically allowing others to invest your money granting you a return on your investment.
This is a good example of passive income
4. Royalty Income
Profit earned through the use of artistic works, patents and rights.
You’re licensing others to use your work and receiving a profit for doing so.
An example of this would be producers who sell their beats to rappers to use in their songs
Let’s continue...
Profit earned through the use of artistic works, patents and rights.
You’re licensing others to use your work and receiving a profit for doing so.
An example of this would be producers who sell their beats to rappers to use in their songs
Let’s continue...
5. Dividend Income
Profits earned from investments made in company’s stocks based company’s quarterly earnings.
This involves a lot of research and foresight in order to make educated bets.
Wanna learn more? Hit up my boy @TheAlphaThought
Welcome to Wall Street!
Profits earned from investments made in company’s stocks based company’s quarterly earnings.
This involves a lot of research and foresight in order to make educated bets.
Wanna learn more? Hit up my boy @TheAlphaThought
Welcome to Wall Street!
6. Rental Income
Income earned from renting out property in exchange for a profit.
This is how your landlord makes money off you...
The
is to make sure your rental expenses are lower than your profits.
Easy Money
Income earned from renting out property in exchange for a profit.
This is how your landlord makes money off you...
The
is to make sure your rental expenses are lower than your profits.Easy Money
7. Capital Gains
Income gained from the sale of property or the shares of a stock.
This is similar to flipping products for income but instead you’re doing it with stocks and properties!
One-time returns, not passive.
Let’s move on to the last stream...
Income gained from the sale of property or the shares of a stock.
This is similar to flipping products for income but instead you’re doing it with stocks and properties!
One-time returns, not passive.
Let’s move on to the last stream...
8. Passive Income
Profits earned from a venture in which the person is not actively involved in.
Instead of trading time + effort for profit, you allow your assets to work for you so that you may generate income even when you’re not working.
The real secret to getting rich!
Profits earned from a venture in which the person is not actively involved in.
Instead of trading time + effort for profit, you allow your assets to work for you so that you may generate income even when you’re not working.
The real secret to getting rich!
As always thank you for making it this far 
I really hope you guys learned something today and apply this to your own life.
If you’d like to show support please like/RT the FIRST Tweet in the thread!
Thank you
I really hope you guys learned something today and apply this to your own life.
If you’d like to show support please like/RT the FIRST Tweet in the thread!
Thank you
