3 types of Income explained for beginners
Jul 19, 2020 ·
13m 10s
Every Beginner Investor should strive to get investment income and passive income. 1. Earned or Active Income. Paycheck Income Most of Us Start here working for someone or being self...
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Every Beginner Investor should strive to get investment income and passive income.
1. Earned or Active Income. Paycheck Income Most of Us Start here working for someone or being self employed.
You get TAXED the MOST :(
2. Investment Income- money you make from stock. Capital Gains (profit) after you sell an asset.
Hold stocks for one year and a day to be taxed at a lesser amount.
3. Passive Income (Business Income) New is the Pass through Income.
Royalties and Intellectual Property. Books, movies, songs, YouTube Business channels of creators and licensing and merchandising agreements.
Strive to make your money work for you.
Learn compound money.
Disclaimer this is for education and entertainment purpose only.
I am not a licensed professional.
show less
1. Earned or Active Income. Paycheck Income Most of Us Start here working for someone or being self employed.
You get TAXED the MOST :(
2. Investment Income- money you make from stock. Capital Gains (profit) after you sell an asset.
Hold stocks for one year and a day to be taxed at a lesser amount.
3. Passive Income (Business Income) New is the Pass through Income.
Royalties and Intellectual Property. Books, movies, songs, YouTube Business channels of creators and licensing and merchandising agreements.
Strive to make your money work for you.
Learn compound money.
Disclaimer this is for education and entertainment purpose only.
I am not a licensed professional.
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