PMP #298: Do you have to invest in your business?
Description
In his book, Rich Dad, Poor Dad, author Robert Kiyosaki describes three types of income: 1) Earned income (e.g. from your salary or business income) 2) Passive income (Income that doesn’t require active work to generate e.g. income from a rental property) 3) Portfolio income (e.g. capital gains from owning an asset that appreciates in value).
If you’ve earned an income from your business, you could reinvest it to grow your earned income further. But why not invest it in an asset that’s going to generate a passive income or capital gain?
Show notes (please leave me a comment with your questions and feedback) » https://paulminors.com/298/
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Intro/Outro Music: "Synthia" by Scott & Brendo
United States
