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