Three Types Of Income By Rich Dad

you know most people say go to school and get a good safe secure job and put in a 401k or mutual funds in all this what they should be teaching people and what makes a Rich Dad company different is we educate people point of view there's three different types of income there's earned income portfolio income and passive income when you say to somebody go to school and get a safe secure job that's earned income when you say to somebody you know buy this house a price may co-op or the stock may go up that's portfolio income also called capital gains earned income this is the most highly taxed of all incomes in the US it's at least 50% for most people portfolio today is about 20% and passive if you're smart you know what you're doing you can get it down to 0% legally and I do emphasize unit legal assistance taxes your highest extent that why not work hard for passive income unfortunately if you're an e or an S and you're primarily working for earned income if you put your money into savings or a 401k retirement that too was earned income so for most people who are following traditional advice they're working for the most expensive of all income its earned income which that company teaches people to be bees and eyes and the advantages of working hard for portfolio and passive income and that makes a very big difference since taxes are your greatest expense so part of your financial education is knowing the different types of income the different types of taxes because taxes are not fair they always incentivize the entrepreneur and the investor learning to B or B or an i it's what the Rich Dad company stands for

Channel: The Rich Dad Channel

Views: 46,063

Keywords: TheRichDadChannel, robert, kiyosaki, rich dad poor dad, motivational speakers, business ideas, make money, how to get rich, network marketing, how to make money, how to invest, passive income, cashflow game

Id: PFMRxw5HI8U

Length: 1min 38sec (98 seconds)

Published: Fri Dec 01 2017