Start your passive income stream now

Jim_SamsonThere are 3 types of income: earned, passive, and portfolio.

By far, the latter 2 types are the best. Why work for your money when you could make your assets or money work for you?

I want to show you why you want a passive income, and how it’s not nearly as difficult as you might think to get it.

To start, let’s quickly highlight what each kind of income is…

1. An earned income is pretty self-explanatory. You work for that money. If you have a “normal” day job, you’re getting an earned income from that job.

2. A passive income is money you get not by working, but by allowing your real estate or business to earn that income for you.

3. A portfolio income, as you probably already guessed, is utilizing your money to earn you an income.

The benefits of passive income and portfolio income are quite obvious, aren’t they?

They both require much less “work” on your part than an earned income.

But there are also some hidden benefits that make passive and portfolio income even more advantageous for you…

And those benefits start with the taxes imposed upon each type of income.

The general “income tax” that everyone knows is referring to the tax that accompanies earned income. You go to your job, work, then are taxed for what you earn based on how much it is.

But that same exact tax doesn’t necessarily apply to passive and portfolio income.

In fact, if set up correctly, your passive income from real estate can receive cash flow with no tax at all!

I was utterly amazed when I first learned how vast the difference is between an earned income and the other two, but the potential loopholes and secrets to bolstering your passive and portfolio incomes are very real.

There are countless more ways for you to receive tax-free or tax-deductible income through passive income than earned income as well.

So, isn’t it time you started to move away from earned income and towards passive income?

The thing is, most people are scared off from this haven because they’re afraid of getting into real estate. But there’s nothing to it!

Just take that first step.

Read as many books as you can, talk to as many people with real estate experience as you can, but most importantly, just get started.

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