Module 3:
The First Thing You Need in Order to Become Rich:
Income

There are three kinds of income:

A. Earned Income

This is the money you earn from working. This is how most people get the money they have. For most of us, this is not enough money to have our biggest dreams come true.

B. Passive Income

This is the money you get when you work once and then continue to get paid for work you are no longer doing. This is the kind of income that can make us really wealthy.

C. Portfolio Income

This is the money you receive in interest from stocks and bonds investments. This kind of income can also make us wealthy.

Note:  Wealthy people have 4 things:

  1. Income (all three kinds!)
  2. Knowledge about Money
  3. A Great Money Management Strategy
  4. A Really Good Reason