Can you achieve all 3 types of income?
Can you achieve all 3 types of income?
Can you achieve all 3 types of income? Passive income from running a business, earned income from working a job, and portfolio income from investments? In this world it takes a large amount of dedication and committment to do so but it can be done. Earned income is the easiest. The key is to find an earned income job that will provide you with both the financial ability and the flexibilty to pursue the other two types of income at the same time. This means you are looking for a 40 hour a week job that pays well and has good vacation time and flexible work schedule, telecommute options. The next easiest is passive income from a business. Many businesses fail in the first 2 years but keep to it and you will eventually succeed. The key is to find a trustworthy person to run the business and then regularly check up on them. The last, portfolio income is much more excessible when your first two have succeeded and you have a lot of money to throw around. There are some good deals in real estate today and the option to short current stocks is very good right now as well.
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