According to Robert Kiyosaki, there are three different types of income which include: earned income, portfolio income, and passive income.

EARNED INCOME
Earned income is you working for money. It is the income that comes from a paycheck. It is also the type of income you ask for more of when you ask for a raise, bonus, overtime, commissions, and tips.

Why You Should Not Depend On Earned Income

1. It is the highest-taxed income and it is the income with the fewest control over how much you

2. You personally have to work for it and it takes up your valuable time.
earned income
pay in taxes and when you pay your taxes.

3. There is very little leverage in earned income. The primary way most people increase their earned income is by working harder.

4. There is often no residual value for your work. In other words, you work, get paid, and then have to work again to be paid again.

PORTFOLIO INCOME
Portfolio income is generally income from paper assets such as stocks, bonds, and mutual funds. The vast majority of all retirement accounts are counting on portfolio income in the future.

PASSIVE INCOME
Passive income is generally income from real estate. It can also be royalty income from...

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