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

The Paul Minors Podcast: Productivity, Business & Self-Improvement

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8M ago 8:28

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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?

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

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#Productivity #Business #Paul Minors #Self-Improvement #Podcasting Education #Entrepreneur