Character of Income
Investors control. Everyone else gambles.
The rich are rich because they have more control over their money than the poor and middle class.
The moment you understand that the game of money is a game of control, you can focus on what is important in life, which is not making more money but gaining more financial control.
1. Earned income
2. Passive income
3. Portfolio income
It is important because the characteristic of the income is what separates the rich from the working class.
The poor and middle class focus on earned income, also called wages or paycheck income.
The rich focus on passive income and portfolio income.
That is the fundamental difference between the rich and the working class, which explains why control of the C (characteristic) is a fundamental control, especially if you plan on being rich.
The rich are rich because they have more control over their money than the poor and middle class.
The moment you understand that the game of money is a game of control, you can focus on what is important in life, which is not making more money but gaining more financial control.
1. Earned income
2. Passive income
3. Portfolio income
It is important because the characteristic of the income is what separates the rich from the working class.
The poor and middle class focus on earned income, also called wages or paycheck income.
The rich focus on passive income and portfolio income.
That is the fundamental difference between the rich and the working class, which explains why control of the C (characteristic) is a fundamental control, especially if you plan on being rich.
