Income

today i shall discuss with you about incomes.
there are 3 types of income sources.

• Earned income
• Portfolio income
• Passive income

Earned income easily means income that you earn through hard work.
Portfolio income means income earned through investments in stocks and mutual funds etc.
Passive income means income earned through real estate investment, eg. rental fee, or internet market or network marketing.

In the following chapters, i shall touch on Portfolio and Passive incomes.
i shall relate the 3 income sources together and teach you how to multiply your NET income.
From this chart, we can interpret that wealth can be created through 3 sources of income. However, many people have only 1 dimension of income, mostly earned income. If you are going to have only 1D income, you are NOT going to be RICH.
To create wealth, we need to have these 3 basic sources of income, with Passive and Portfolio the main contributor of wealth.
Hence, my conclusion is, even if your earned income is low, you can still create wealth through portfolio and passive incomes.
Soon i'll touch on these 2 IMPORTANT incomes.

I welcome feedbacks from you readers, any additional information on income from you would be appreciated.