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PMP #298: Do you have to invest in your business?

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Content provided by Paul Minors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Minors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

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/

If you enjoyed this episode, I'd love it if you could leave me a review.

Intro/Outro Music: "Synthia" by Scott & Brendo

  continue reading

312 episoade

Artwork
iconDistribuie
 
Manage episode 412519580 series 81692
Content provided by Paul Minors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Minors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

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/

If you enjoyed this episode, I'd love it if you could leave me a review.

Intro/Outro Music: "Synthia" by Scott & Brendo

  continue reading

312 episoade

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