7 Types Of Income Of An Average Millionaire - How To Become Rich
ฝัง
- เผยแพร่เมื่อ 2 ก.ค. 2024
- I bet you‘ve often heard that the average millionaire has an average of seven streams of income, constantly flowing into their pocket. But, if you didn’t your welcome! However, the average person has only one stream of income which almost always happens to be their job.
While your grandparents maybe have been able to survive on only one income source in the years past, it’s nearly impossible in the times we’re living in now.
In today’s video, we will be sharing with you the seven types of income the average millionaires have and give you tips on how you too can have them.
#FinancialWisdom
More Videos:
5 Habits keeping You Poor - • 5 Habits keeping You Poor
Why The Rich End up Poor But The Wealthy Enjoy Life - • Why The Rich End up Po...
9 Ways to Be Good With Money - Why You Are Always Broke - • 9 Ways to Be Good With...
7 FINANCIAL SINS - WHY YOU WILL NEVER BE RICH - • 7 FINANCIAL SINS - WHY...
Music: (Dreams) by Bensound.com
Practical Wisdom - Interesting Ideas
DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
1. Earned income 0:48
2. Profit income 2:34
3. Interest income 3:56
4. Dividend income 4:52
5. Rental income: 6:10
6. Capital gains 6:55
7. Royalty income 7:55
Hope you don't mind, I just found myself wanting to go back to specific sections and was finding it difficult :)
Lorena Bustos,
Wow thank you so much👏👏👏
Thanks
Thx
You're welcome :)
Thanks
What's keeping us from being rich is the lack of belief we all have in our mind. One must believe that he/she can do so and take actions to achieve your goal. Hi guys! It's me again. You might have seen me before but my desire to inspire more people is what keeps me pushing to reach out more. We own a cookie shop business in our college town. When we first started it, we just graduated college and were living in our car with very little direction, just a huge passion to be successful. I started it out of a local bagel shop in their off hours at night with my boyfriend, Bran. It was a crazy experience but it worked! We became a success! And how we have our first storefront location in New Jersey and the second one in Florida! We started it to fund a year long backpacking trip around the world and to be successful while living the life of our dreams.
Wow! Congratulations.
That’s amazing I wish you more sucess♥️
I'm scared I'll lose my medical benefits
I made my first million in stock investment though I had some real estate I was dealing with at that time , I still dabbled into stock and it paid out in a short interval , I'm looking forward to what next!
how Jonathan ? I'm a beginner in stock
Mack Daron Wilson he is an expert I work with look him up
@@jonathandillon1524 I see his profile Impressive , Thank you
I was at his last conference really educative, some of my colleagues works with him I recommend him
Help ur brother please
Thank you for taking the time to educate the few of us that needed to hear and were willing to gain thorough understanding. Your time and effort are not wasted. You are appreciated.
The intention is clearly to convey information people we need to look past our perceived differences, stop making excuses and make a change for the better.
When the student is ready the teacher becomes available. It is the students choice to pay attention, listen and let the seed sown germinate without complaining or grumbling lest he/she 'grows' no where. Let he that has ear hear.
*Earning passive and divdend income is awesome! Figure out what stream(s) of income you can handle and go for it! There are pros and cons to everything.*
J.O.B. just over broke...lol I've always said that.
Nice how you explained each type of income - simple & straight to the point! Great to know about the tax rates for certain types
More videos like this pls!! 👍🏾
More are coming :)
Awesome video! Can't wait to see more from you 🤩
I used to be just a grocery store clerk working in the deli department. In just 3 years I was able to retire and now I have a million dollar networth.
I really love how your animation story flows.. wondering what animations you use 😊
I'd like to hear more on this topic. Great information!
Useful 🤩🤩
Highly informative, known but not analysed earlier, thanks.
Glad it was helpful!
Who's watching this during quarantine? 🙋
yes i want to see more videos like this, thnx
I'm in sales... insurance. Every year when the policies renew I get a renewal check. My sales give me bonuses if I sell enough. So my job fits in two categories. I also invest. Apple pays me dividends. I earned interest on my credit card payoffs. Let me clarify that. I paid them off fast which made me 20% income. I've sold shares before their values dropped.
what's the software or website, where you making animation video?
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How do I find this Lady?
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Just FYI if you sold the shares that you bought at $100 for $120 as explained in number 6, you would pay income taxes on them. You only pay capital gains tax rates if you hold for a minimum of 1 year.
Actually one guy has become the first billionair from earned income not so long ago. Some high-skilled CEO.
A CEO is likely to hold shares....
Nice
I have both earned and passive income
950000-400000=450000 🤔
And he said $40k instead of $400k 😂
I scrolled through the comments just to make sure someone mentioned this
I have 4, 5 & 6
Sue someone, counter sue, take bribes, changing money between dollar and pound, tax refund, release home equity, private prosecution, use a asset that hasn't gone up in value for a long time as collateral, double a pound 19 times. Tax incentive, move assets to where they more valuable.
Is income generated TH-cam content a Royalty income?
2:00
JOB=just over Broke... good one..
On capital gains you said a 400000 dollar house that you sell for 950000 dollars would be 450000 dollars in cap gains😂😂 it’ll be 550000 no hate btw just saying or maybe I’m stupid and you are also taking into account like realtor fees and closing costs😂
Software Engineers retire with an average $655,328
Like the video 😂 I wish I could be 😂😺 millions 😭 the video is everything about the video is too hot 🔥
I don't hwve royalty or rental income
950000-400000=550000
.
I have one question, are you a millionare too?
This is obviously not a "How to become a millionaire tutorial" else your question would be quite relevant. Instead it makes you sound like you have closed unimaginative mind. Learn something and apply to your life will you.
Self determination*
@@ericwogbe Cause every people has a choice, and it depends really on you, the biggest enemy in here is yourself, so if you dont do it or start it by yourself you'll lose alot of time but gain nothing. Coz the one that made the video is not even millionare but just a good observer, if you wanna really get into that invest alot of time and experience of trial will be the great teacher at all, and that cant be read and learn its a matter of self tour in this world.
CEO = Chief Exploitation Officer.
Informative, but boring as hell.
Lol, I will and make it more interesting next time :)