3 Kinds of Income. Which Would You Choose?

[Justin Goodin]

💡 There are three major categories of income recognized by the Internal Revenue Service (IRS):

📌Portfolio Income

📌Earned Income

✅Passive Income

Nearly everyone is familiar with earned income. It is the income you derive from working at a job or owning a business. Earned income is highly taxed and requires your most precious resource, time, to earn.

⏰ The average worker trades 40 hours a week, 50 weeks a year, and does that for 30+ years in exchange for heavily taxed dollars 🤯🤯🤯

Passive real estate investing allows you to pool your money with other investors in a syndication to buy a property that will provide you all a return. Investing through a syndication allows you to leverage the specialized knowledge of real estate experts to passively increase your income and net worth.

"The rich don’t work for money. They make their money work for them." – Robert Kiyosaki

Don’t be afraid to take risks! Real estate is the greatest wealth builder of other investment classes in my opinion. Don’t rely on your 401K!