Download or read book How To Get Rich A Beginner s Guide to Virtual Currency How to Make Money Online From Anywhere in the World written by Melvin Clark and published by Melvin Clark. This book was released on 101-01-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. Entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. This book although small in volume was designed to go straight to the point and avoid the unnecessary drama about how to get rich. With concise and straight to the point frameworks, you would get to see bullet points on how to create a niche for yourself in the million dollar industry. With actionable insights, real-world examples, and expert advice, "How to Get Rich" is your guide to financial empowerment. Whether you're an aspiring entrepreneur or a seasoned business owner, this book will equip you with the knowledge and tools you need to build wealth, make a difference, and leave a lasting legacy.

Download or read book How to Make Money Online written by James Jackson and published by Createspace Independent Publishing Platform. This book was released on 2017-03-20 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: What Is It with Online Businesses? I'm quite sure you've asked this question many times before, waiting for an answer from the man/woman in the mirror. And I'm sure you barely got an answer. The online world is huge and, frankly, there is no word to describe how big it is. A few hundred years ago, America was the "promised land," the land of opportunities... nowadays, your geographic location doesn't matter; the Internet has no boundaries, and you can start you busy from anywhere, at any time... and with anything! The Internet is a real place where money can be found. You can earn it by doing simple tasks or you can work for it, even run a business to get money. Billions of people use the Internet every day, looking for fun stuff and places, and a lot more. They click on advertisements, shop online, which generates billions and billions of dollars in revenue. And there are ways you could cut a small slice of that cake... a slice of billion dollars cake means hundreds of thousands for you! For more information click on BUY BUTTON Tag: earn money online, how to earn money, online money making, make money fast, how to earn money online, how to make money fast, make money online fast, how to get rich, earn money from home, easy way to make money, how to earn money from home, how to make money on the internet, ways to make money online

Download or read book How To Make Money Online written by Leone Kudla and published by Independently Published. This book was released on 2021-08-16 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth is there are real ways to make money online - millions of people are doing it each day. From freelance digital nomads to savvy marketers to rising entrepreneurs, there are plenty of business ideas you can try at home using your laptop and a solid internet connection. Stop imagining and get the book that will change your life forever. There are tens of thousands of people, and more and more every day, who make a full time living from home through the Internet. This easy-to-read guide, complete with step-by-step instructions will give you the tools you need to join the ever-growing number of people kissing their day jobs goodbye and living the good life. This book isn't a get-rich-quick scheme. If you aren't willing to work hard and learn some new skills, this book isn't for you. But, if you are eager to invest your time into yourself and willing to learn a few easy skills, this book will open a world of opportunities for you.

Download or read book SIX Figures in SIX Months How I Got Rich in Cryptocurrency written by David Smith and published by Independently Published. This book was released on 2022-01-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I made six figures in six months by investing into Bitcoin and other forms of cryptocurrency. At first I was clueless, but it didn't take me long to learn the basics and significantly grow my wealth. In this book I will take you through the steps I took to get started, as well as tell you exactly what I invested in, how much money I spent, and most importantly, how much money I made. Everyone is talking about Bitcoin these days. However to a normal everyday person who has no experience within the cryptocurrency industry, it can be intimidating and confusing to get involved with. I know that's how I felt. I'm not a technical person at all, but crypto isn't as complicated as it seems! It's also an incredible way to make money. Is it a get rich quick scheme? Well, that depends on your definition of "quick". The truth is, with the right mentality and investing in the right projects, yes, you have the potential to make a lot of money in a short space of time, just as I did. I went from working a regular job, making an average salary, living in a small apartment, to completely changing my life. All it took was a bit of reading and yes, risk taking. In this book I hope to introduce you to the world of cryptocurrency, and hopefully give you the confidence to take that extra step. It could be the biggest opportunity of your life, and you should seize it.

Download or read book Make Money Online for Beginners written by Daren H. Russell and published by Erwin Ronel Cruz. This book was released on 2022-07-04 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want to discover how to make money online from the comforts of your home using your skills and passion, keep reading... Did you know: - The unemployment rate has gone up 14.7% - the highest rate and the largest over-the-month increase in the data's history, with the number of unemployed individuals increased by 15.9 million to a shocking 23.1 million. - According to Nasdaq, it's estimated that by the year 2040, 95% of sales will be made online. - According to the Pew Research Center, income inequality in the U.S has increased since 1980 and is greater than in peer countries. If you've suffered from a recent job loss or are currently underpaid, the stress it gives can take a lot of toll on you. You may find yourself wondering if there's a solution to earn income using your skills and even passions. And yes, there is: making money on the internet. Making money online and from home is a great opportunity for those who want to earn income on the internet. And in today's economic uncertainty, there has never been a great time to learn how to do this successfully. Studies have confirmed that making money online is a wonderful opportunity for you to work on and earn income during these times of uncertainty. The key now is to find a go-to resource that will help you achieve that. In this complete step-by-step guide, "Make Money Online for Beginners", longtime online income author Daren H. Russell shares all his professional insights, including: - Top strategies on making money on the internet - doing what you love for life satisfaction and even pursuing your long-lost dreams - How to land more work opportunities with the job experience you already have - Tips to get started right away and earn your first dollar online - using only basic internet skills - Special techniques on landing projects from 3 of the world's most popular sites where buyers flock to every single day - More than 15 of the most common mistakes when working online revealed and how to avoid them to save you both time and effort ... and much, much more! If you follow the book's step-by-step roadmap, not only will you be equipped with the information you need to make money, but you will also speed up your process for income breakthrough - in the comforts of your own home. This guide will hold your hand every step of the way to help you go from someone who barely has an idea of earning a living online to someone who has the confidence to pursue money-making opportunities on the internet. If you want to experience all the opportunities of making money online that can change your life for the better, scroll up and click the "Buy Now" button right now.

Download or read book 5 Easy Ways to Earn Money Online written by M. L. Fitz and published by CreateSpace. This book was released on 2015-07-31 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Imagine Earning Money Online - In Just a Few Hours Per Week - Doing Simple Easy Every Day Tasks! "Easy Ways to Earn Money Online" gives you everything you need to start earning money online now. This book quickly takes you from struggling to find ways to make money online or ways to make money on the side to finally doing it. The information in this detailed guide will give you the ability to: - Earn easy money from home providing consumer feedback - Create a lucrative side hustle leveraging your social media accounts - Get paid by companies and major advertisers for doing almost nothing - Use your talents to make extra cash providing simple and profitable services - Set up a "Hot -in - Demand" side business using just your webcam - Earn up to $1,000 a month or more posting ads online for sought-after information Plus, you'll receive: -Step-by-step instructions to get you started -Real world advice to eliminate barriers that keep most beginners from taking action -Links to trusted websites- this alone will save you hours in research -Proven tips and strategies to maximize your success and earn more money Written specifically for beginners, this practical guide contains 5 of the surprisingly, easiest and most flexible ways to make money online. They are so flexible that you can earn extra cash even while working a full-time job. They are so easy that you can literally start making money online by the time you finish reading this book! Best of all, they are all free to start, so you are not at risk of losing anything but time. This book won't disappoint you. It's not just another "how to make money online" book filled with fluff or basic information, it's a detailed "Done for You" book that provides real solutions. Here's your chance to finally start making the extra money you need. Now here is the really easy part, push the button. Purchase your copy Now!

Download or read book Beginner s Guide to Digital Wealth written by Alexander Kensington and published by Independently Published. This book was released on 2023-10-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the today's digital age, there are more chances than ever to make money online. This beginner's guide will teach you the basics of starting a blog, and investing in cryptocurrencies.With its succinct explanations, detailed directions, and practical examples, this book will assist you in laying a solid basis for creating digital wealth. Choosing the ideal niche for your blog or online business; producing excellent content that draws readers in; directing traffic to your website or online store; selling goods and services online; and investing in cryptocurrencies and other digital assets are just some of the skills you'll acquire.You will have the information and abilities necessary to begin creating your own digital wealth empire by the time you finish reading this book.This book is for you if you're prepared to take charge of your financial future and begin accumulating riches online. Get your copy now to get started on the path to financial independence!

Download or read book How to Make Passive Income Through Crypto Mining written by Charlie Kent and published by . This book was released on 2022-08-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you tired of working the same 9 to 5 job? Are you sick of making your boss rich while you get paid pennies to the dollar? Do you want to live life as you've always dreamed and spend more time doing what you love? Is it possible to make a consistent, steady amount of money within the comfort of your own home whilst living a financially worry-free life? The truth is that, yes, it can be done, especially if you take advantage of the infinite potential and exposure that the Internet guarantees. Thousands of people over the past few years have gained six or even seven figures incomes via online businesses in an easy and relatively short period of time. However, making money online requires the right knowledge, the correct approach and the effort input to make it work. Owning an online business isn't like playing games with friends. It requires investments of time and money and a serious approach. It's time to stop dreaming and start building your new life. Become your own master and gain the success you deserve. Now.

Download or read book Beginners Guide to Making Big Money Online written by Nick brookes and published by N B Publishing. This book was released on 2024-10-10 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock the secrets to financial freedom with "Beginners Guide to Making Big Money Online", the ultimate guide to turning your skills and passions into profit. Whether you're looking to start a side hustle or build a full-time online business, this eBook offers practical, actionable strategies that anyone can follow. Discover the most effective ways to earn money online, including affiliate marketing, freelancing, selling digital products, Amazon FBA, online tutoring, and more. Each idea is broken down step-by-step, making it easy for beginners and seasoned entrepreneurs alike to get started. With this comprehensive guide, you'll learn: How to choose the best online business model for your skills and interests. Strategies for building passive income streams that work for you 24/7. Proven methods to start making money with minimal upfront investment. Expert tips for marketing, scaling, and growing your online presence. If you've been searching for real ways to make money from home, this eBook provides everything you need to know to succeed in the digital economy. Stop dreaming and start building the future you deserve. Whether you're interested in dropshipping, freelance writing, or social media management, this guide will help you turn your ideas into income. Get ready to take control of your financial destiny and join thousands of others who are already making money online!

Download or read book Easy Peasy Online Money Making Tools written by Robert J. Davis and published by Createspace Independent Publishing Platform. This book was released on 2017-01-24 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why you need this book? This is the only book that provides information about Easy Peasy Online Money Making Tools that offer High Probability of Success. Now more than ever before, Internet and Mobile phone technology has enabled people to make money in flexible ways. Technology has connected people with businesses throughout the world. As a result there are many ways you can make money with no stress, no investment, no experience, and no skills. Information Technology (IT) is rapidly changing so we need to make sure we have current information. This book contains only valid and active information about such opportunities.

Download or read book Get Rich Quick written by Timothy Wells and published by MGM Books. This book was released on 2020-05-25 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do do you want to get rich quick? This book will walk you through several proven-to-work ways to make money fast so that you can be living the dream. I know it sounds too good to be true, but if you don't believe me, just read the reviews. The author, Timothy Wells is a self-made millionaire who has mastered forex trading, investing and real estate. He enjoys creating online businesses, and wants to show you how to create wealth too. Inside this book you will discover: The 10 Best Ways To Generate A Passive Income, So You Can Be Making Money While You're Out Doing The Things You Love...or Sleeping How To Make Money Online From Stocks To Affiliate Marketing To Blogging And Much More Things To Look Out For With An Online Business The Secret To How The Rich Get Richer? Why Making Money Online Is The Fastest Way To Become Rich In Today's World And Much, Much More! What Readers are Saying: "As an author and owner of several businesses including profitable online ventures, I feel like an authority when I say that this little book is right on the mark when it comes to making money on the internet. It is not a get rich quick book or a book loaded with schemes and selling lotions, potions and pills while at the same time alienating you from your friends, neighbors and relatives because you have to bother them so much about joining this or that. This book is a simple to understand, easy to follow book that has effective techniques for making a profit from home or anywhere in the world. It discusses myths and distorted facts. It straightens it out and leads you into the right direction. It tells of the ways to make money from home and then shows you how to do it. It doesn't offer guarantees or magic. It just tells you step by step what you would need to do to build your own financial success from home. This is a great start in the right direction. If you ever think about making money from home, get this book."

Download or read book How To Get Rich written by Timothy Wells and published by Createspace Independent Publishing Platform. This book was released on 2014-11-23 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: GET IMMEDIATE ACCESS TO THE 10 MOST PROFITABLE WAYS TO EARN A PASSIVE INCOME ONLINE!Do You Want To Make Money Working From Home (Or Anywhere In The World)?THIS BOOK IS FOR YOU IF::- You want to learn how to earn a passive income- You love traveling and exploring the world- You love spending time with friends, family, or your dog- You want to be your own boss- And Much More!This book reveals ways to make money - that will be new to you - and you'll probably be amazed at all the possible ways to make money!This book will show you ways you can work for yourself so that you never have to respond to the demands of your boss again - instead create your own rules!DISCOVER::- Why Making Money Online Is The Best Way To Become Wealthy In Today's World- How To Make Money Investing Online- How To Make Money Blogging or Writing Books- The 10 Best Ways To Generate A Passive Income, So You Can Be Making Money While You're Out Doing The Things You Love...or Sleeping- How To Make Money Online From Stocks To Affiliate Marketing To Blogging And Much More- Things To Look Out For With An Online Business- The Secret To How The Rich Get Richer- And Much, Much More!This is not a get rich quick scheme. It takes time and effort but if you are willing to the put in the effort and do the things listed in this book, YOU WILL REAP THE REWARDS!

Download or read book How to Make Money Online With Digital Currency Bitcoins written by John Davidson and published by JD-Biz Corp Publishing. This book was released on 2013-05-15 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Make Money Online With Digital Currency Bitcoins TABLE OF CONTENTS Introduction The Big Question A Bit of History Is it Worth Investing in Bitcoins: Advantages of Bitcoin Disadvantages of Bitcoin How to Trade Bitcoin (and if you should) How Bitcoin Works How bitcoin exchanges work How to become a player in the bitcoin market How bitcoin mining works So, how does mining happen? Making a hash of it Competing for coins Possibility of making money Mining Bitcoins, now and in future Is it worth joining a mining pool? Risks and Rewards What's Next? Could You Get Rich With Bitcoins? Final Note Author Bio Introduction Are you familiar with the expression that money makes the world go round? You see it in the movies and music videos; artists pride themselves to having a lot of ‘paper’ and because of that they are untouchable and they can conquer the world. In this book, our main focus is going green with money. We are saying bye to paper currency and embracing digital currency and how to amass more and more of it. This is an amazing guide towards gaining financial freedom. By now your reading glasses should be on your face and a pen and paper on your hands. Let’s journey together and learn how to make more and more money. After all, it is a necessary evil!

Download or read book Make Money written by Anthony J Fleischmann Jr and published by American Christian Defense Alliance, Incorporated. This book was released on 2017-12-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Are You Completely New the the Mysterious World of Making Money Online . . . Then this Book is for You. This book is written for the complete beginner to the mysterious world of making money online. I have attempted to address the majority of the fundamentals to consider prior to beginning your journey to making money online or working from home. If you're completely new to making money online this book should jump start your journey to success. This book will help you learn to use your computer to make money online and point you in the direction to establishing your financial freedom. This book also lays out the strategies to consider when working from home and developing your plan for financial freedom. If you need a more flexible schedule, more money in your pocket and have the commitment and dedication - with hard work you can truly succeed Table of Contents Failure Start a Legal Business? Your Taxes Realistic Expectations and Goals Educating Yourself Your Business Plan The Right Mentality Dealing with Family Investing Your Work Space Accounts You Need Your Schedule Fighting Against Distractions It Works Income Online Businesses Picking a Business Stop Procrastinating and Take Action Don't forget to check out my other book, "How to Finance Your Full-Time RV Dream"

Download or read book Make Money written by Anthony J. Fleischmann Jr. and published by American Christian Defense Alliance, Inc. . This book was released on 2017-12-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are You Completely New the the Mysterious World of Making Money Online . . . Then this Book is for You. This book is written for the complete beginner to the mysterious world of making money online. I have attempted to address the majority of the fundamentals to consider prior to beginning your journey to making money online or working from home. If you’re completely new to making money online this book should jump start your journey to success. This book will help you learn to use your computer to make money online and point you in the direction to establishing your financial freedom. This book also lays out the strategies to consider when working from home and developing your plan for financial freedom. If you need a more flexible schedule, more money in your pocket and have the commitment and dedication - with hard work you can truly succeed Table of Contents Failure Start a Legal Business? Your Taxes Realistic Expectations and Goals Educating Yourself Your Business Plan The Right Mentality Dealing with Family Investing Your Work Space Accounts You Need Your Schedule Fighting Against Distractions It Works Income Online Businesses Picking a Business Stop Procrastinating and Take Action Don't forget to check out my other book, "How to Finance Your Full-Time RV Dream"

Download or read book Invent Your Own Computer Games with Python 4th Edition written by Al Sweigart and published by No Starch Press. This book was released on 2016-12-16 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Invent Your Own Computer Games with Python will teach you how to make computer games using the popular Python programming language—even if you’ve never programmed before! Begin by building classic games like Hangman, Guess the Number, and Tic-Tac-Toe, and then work your way up to more advanced games, like a text-based treasure hunting game and an animated collision-dodging game with sound effects. Along the way, you’ll learn key programming and math concepts that will help you take your game programming to the next level. Learn how to: –Combine loops, variables, and flow control statements into real working programs –Choose the right data structures for the job, such as lists, dictionaries, and tuples –Add graphics and animation to your games with the pygame module –Handle keyboard and mouse input –Program simple artificial intelligence so you can play against the computer –Use cryptography to convert text messages into secret code –Debug your programs and find common errors As you work through each game, you’ll build a solid foundation in Python and an understanding of computer science fundamentals. What new game will you create with the power of Python? The projects in this book are compatible with Python 3.

Download or read book THE BIBLE OF MAKING MONEY ONLINE written by S P Sharma and published by Exam2Villa. This book was released on 2021-01-23 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Content 1. What is Income? 2. What is digital marketing? 3. Build a Niche Blog (or Website) and Use Affiliate Marketing 4. Launch and Grow a Startup 5. Build and Sell Software 6. Start an eCommerce Site and Sell Physical Products 7. Find Freelance Clients and Sell Your Services(Introduce 78 Freelance website) 8. Start Online Coaching and Sell Your Advice 9. Create Online Courses to Productize Your Knowledge 10. Launch a YouTube Channel to Entertain and Educate 11. Record a Podcast and Share Inspiring Stories 12. Join a Remote Company Part-Time (or Full-Time) 13. Test Websites 14. Narrate Audiobooks 15. Write and Sell an eBook (Amazon Self-Publishing) 16. Do Micro-Jobs on Amazon Mechanical Turk 17. Join Freelance Job Sites (Like Flexjobs and SolidGigs) 18. Sell Your Services on Niche Sites Like 99Designs, Cloudpeeps or TopTal 19. Do Graphic Design for Local Companies 20. Email Marketing with a Niche Newsletter (The Skimm, Mister Spoils) 21. Sells Products on a Shopify Store 22. Sell Your Crafts and Art on Etsy 23. Become an Influencer on Instagram 24. Sell Your Art and Designs on Society6 25. Local Business Consulting 26. Sell Stock Photos Online 27. Rent Your Home or Room on AirBnB 28. Start an Online T-Shirt Business 29. Sell Your Expertise on Clarity.fm 30. Answer Professional Questions on JustAnswer 31. Become a Virtual Assistant 32. Get a Commission-Only Sales Gig 33. Teach English as a Virtual Tutor 34. Guest Post as a Freelance Writer for Niche Websites 35. Write on Medium’s Partner Program 36. Help People with Their Tax Prep 37. Transcribe Audio and Interviews 38. Proofread Articles 39. Private Labelling and Selling Products on Amazon 40. Online Travel Consultant 41. Do Virtual Odd Jobs on TaskRabbit 42. Clean Up Search Engines 43. Enter Online Contests for Company Names and Slogans 44. Get Paid for Being Healthy 45. Write Reviews of the Places You’ve Been 46. Do Data Entry for Companies 47. College Admissions Essay Editor 48. Help New Teachers by Selling Your Teaching Plan 49. Give Your Opinion in Online Focus Groups and Surveys 50. Maintain Artist Fan Pages 51. Look After Other People’s Pets 52. Sell Your Old Smartphone and Other Tech Goods 53. Sell Your Old Books 54. Rent or Sell Your Clothes Online 55. Online Dating Consultant 56. Rent Your Car on Turo. 57. Become an Online News Writer or Columnist 58. Buy and Sell Domain Names 59. Do Data Analysis for Companies 60. Online Personal Trainer or Fitness Coach 61. Sell Your Songs 62. Subcontract Your Extra Work and Start an Online Agency 63. Create DIY or Cooking Videos 64. Edit Videos Online 65. Build a Niche Website 66. Become a Contract Customer Service Superstar 67. Buy an Existing Website 68. Become an Online Notary 69. Run Corporate Workshops 70. Lend Your Voice to Voice-Overs 71. Small Business Marketing Consultant 72. Rent Your Camera Gear 73. Best Apps to Make Money Fast Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.[1][2][3] For households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time."[4] (also known as gross income). Net income is defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is usually the basis to calculate how much income tax is owed. 1. EARNED (ACTIVE) INCOME Definition: Earned income is money earned from working that requires your time. This is the income you receive from actively working. You work and you are paid for your work. Examples: Salary; wages; bonuses; contract work. Tax implications: Earned income is taxed higher than any other income, at a rate of 10%-35%, plus Medicare, Social Security, and other taxes, which can reach close to 50% based on tax calculators and estimators. Characteristics: It’s hard to become wealthy solely from earned income for a few reasons. First, it’s taxed at the highest rate, and second, there are only so many hours in the day for you to work (you can work and work and work, but if you have to be there to make the money, there’s a cap on your income because time is limited). Another downside besides taxes is that once you stop working, the money stops coming in. On the upside, earned income is the easiest type of income to make. You can just go get a job or side job pretty easily in the US and make some money. This is why most people make money this way–it’s easy to do. A great way to switch over into better types of income is to use earned income by putting it into a portfolio or to start a side hustle or business (this is what I did by starting a blog, which is now my full time business). 2. PORTFOLIO INCOME Definition: Portfolio income is money you receive from selling an investment for more than what you paid for it (portfolio income is also referred to as capital gains). Examples: 1) trading assets, like stocks, bonds, and mutual funds, 2) buy and selling real estate, and 3) buying and selling other assets, like a car. Tax implications: Portfolio income is taxed at 10%-20% for investments held over 12 months and taxed as earned income if held less than 12 months. However, portfolio income is not taxed for Medicare or Social Security. Capital gains can be offset by losses on other investments, which is a huge plus. Characteristics: One downside is that for the average person, investing can seem intimidating. This often keeps people away from doing it. It wasn’t until I became a Certified Financial Planner that I really understood what was going on with respect to portfolio income. If you’re just getting started with investing, read this post – 21 tips for investing in your 30’s. Also, this type of income can take a long time to generate if you believe in many of the widely held investing concepts that require buying and holding for years. If you’re a trader and attempt to do it much faster, you better be really good at it, because otherwise, it’s sort of like gambling. You have to have money to invest upfront to create portfolio income. This is a huge reason why people say they don’t invest. You can start with a small amount and contribute to your investments over time, but it requires you to have the capital to do it. If you want to get started with hiring someone to help you with your money, read this post on questions you should ask your financial advisor before hiring her. I like using investing as a supplemental income strategy. I don’t want to retire, but I like the idea that I could if I ever change my mind or it became medically necessary. So, I save and invest as a bit of a safety net, but not as the end goal of retiring as soon as possible. I like contributing to the world through my work, and I also like creating a lot of income. I just don’t ever tie my “hard work” or time to income generated. This way, I know my income potential is unlimited. 3. PASSIVE INCOME Definition: Passive income is money generated from assets you own, where you are not actively working. Examples: Rental income, business income (as long as it’s not earned based on time and effort), creating/selling intellectual property (e.g.: books). Tax implications: Passive income receives the most favorable tax treatment. Characteristics: Passive income is thought to be the key to building wealth. Once you have an investment that generates recurring income, you don’t have to do much to maintain it (so time is not a limitation). Typically, there isn’t much start up cost to passive income that you have to provide yourself. For example, you can use your time to create a business or you can get funding from investors for your real estate properties or start up company. It’s not as easy as earned income, but it’s not as challenging as portfolio income (in terms of start up funds). It takes a lot of money to make a lot of portfolio income, whereas you can generate a lot of passive income with less. I started a blog with the idea of generating passive income (the Smart Passive Income podcast used to be on repeat!). It’s one of the best things I ever did! A FINAL NOTE! Understanding how income works is important because it affects how you go about deciding what results you want with money in your future. Do you want to retire? Do you want financial independence early? Do you want to focus on contributing to the world through your work as an entrepreneur? Do you want money just to be a scorecard of the value you provide? Do you believe that “hard work” and time create money? (So many questions!) These are philosophical questions, but whatever you believe will drive your feelings, which will drive your actions, which will drive your results. So, ultimately, your beliefs drive your results (you can read more about this in the 5 step framework to master your mindset post here). Based on what you choose to believe, you could end up financial independent and retiring very young and living off 4% of your investment portfolio, with frugal values, while traveling, and doing whatever else you want to experience the world while you’re alive. Or, you could end up a multimillionaire focusing on serving the world through your work and never retiring. Completely different results. Both involve a lot of money. What you choose matters. What you believe about money matters. What you do matters. The three different types of income are a way of learning how to use money to your advantage to get the results you want most. This is the way our system works. The sooner you understand how money works, the sooner you can make better decisions that will help you achieve financial success (whatever that looks like to you).