PASSIVE Income versus ACTIVE Income: Why Don't They Teach This In School?! | active income | #PASSIVE #Income #ACTIVE #Income #Don39t #Teach #School | 2022

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#PASSIVE #Income #ACTIVE #Income #Don39t #Teach #School , PASSIVE Income versus ACTIVE Income: Why Don't They Teach This In School?! | active income | Make a living online | 2022

MONEY,PERSONAL FINANCE,MONEY MANAGEMENT,BUDGETING,BUDGET,PAY OFF DEBT,DEBT FREE,DEBT FREE COMMUNITY,DEBT FREE JOURNEY,BUILD WEALTH,SAVE MONEY,SAVINGS,inspiration,inspirational,motivation,motivational


#PASSIVE #Income #ACTIVE #Income #Don39t #Teach #School
PASSIVE Income versus ACTIVE Income: Why Don't They Teach This In School?!
Passive income versus Active income. Seriously…why don’t they teach this in school?!

According to Robert Kiyosaki’s Cashflow Quadrant, there are 4 different ways to earn income: employee, self-employed person, business owner, and investor.

If we have a JOB, we are trading our time for money. We clock in, do our work, provide value, and then we clock out. We are compensated according to the amount of time we spend on the JOB. We can have a job that pays $10/hr or $200/hr……either way, we are still trading our time for money. This is active income.

So what’s the problem with this strategy for income production? OUR TIME IS LIMITED.

So what is the other option?? PASSIVE INCOME.

Passive income is about building a system that provides value for people whether you are actively working or not. Once you have set up a system that functions without the need for your constant, active participation….money can be earned 24/7. Therefore, you can actually be earning money WHILE YOU SLEEP.

************
Some of my favorite personal development videos 🙂

Jim Rohn
How to Take Charge of Your Life

Bob Proctor

Tony Robbins

Oprah

******
Want to support the channel?
👍 Like the video (it helps a ton!)
💬 Comment if you made it to the end!
🔗 Share the video with anyone you think it might help 🙂
Make a One-Time Donation ¦

******
PAYCHECK BUDGETING SYSTEM:

(These worksheets will help you get super intentional about WHERE your hard-earned money is going…one paycheck at a time…so you can tackle your financial goals faster AND enjoy the process!)

More Videos:
– HOW TO START BUDGETING: Guide Your Money One Paycheck at a Time –
– Debt Snowball Part 1: How to Pay Off Debt QUICKLY –
– Debt Snowball Part 2: Four tips to help you PAY OFF YOUR DEBT –
– Debt Snowball Part 3: My Favorite Debt Snowball Calculator with MY REAL NUMBERS –
– How to FEEL GOOD while you PAY OFF DEBT –

📚 The Most Influential Books I Have Read:

******
♡ Don’t forget to subscribe! New video every Sunday.
♡ About me:
I’m an orthodontist, self-development junkie, and personal finance enthusiast. My husband Dan and I have 3 little ones and live in a small town in Pennsylvania. I’m all about family, faith, personal growth, and learning about ALL THINGS MONEY.

I’d love to connect with you:
♡ Website: www.OperationNetWorth.com
♡ Instagram: OperationNetWorth
♡ Facebook: OperationNetWorth

xoxo
Dana
active income

Passive income versus Active income. Seriously…why don’t they teach this in school?!

According to Robert Kiyosaki’s Cashflow Quadrant, there are 4 different ways to earn income: employee, self-employed person, business owner, and investor.

If we have a JOB, we are trading our time for money. We clock in, do our work, provide value, and then we clock out. We are compensated according to the amount of time we spend on the JOB. We can have a job that pays $10/hr or $200/hr……either way, we are still trading our time for money. This is active income.

So what’s the problem with this strategy for income production? OUR TIME IS LIMITED.

So what is the other option?? PASSIVE INCOME.

Passive income is about building a system that provides value for people whether you are actively working or not. Once you have set up a system that functions without the need for your constant, active participation….money can be earned 24/7. Therefore, you can actually be earning money WHILE YOU SLEEP.

************
Some of my favorite personal development videos 🙂

Jim Rohn
How to Take Charge of Your Life

Bob Proctor

Tony Robbins

Oprah

******
Want to support the channel?
👍 Like the video (it helps a ton!)
💬 Comment if you made it to the end!
🔗 Share the video with anyone you think it might help 🙂
Make a One-Time Donation ¦

******
PAYCHECK BUDGETING SYSTEM:

(These worksheets will help you get super intentional about WHERE your hard-earned money is going…one paycheck at a time…so you can tackle your financial goals faster AND enjoy the process!)

More Videos:
– HOW TO START BUDGETING: Guide Your Money One Paycheck at a Time –
– Debt Snowball Part 1: How to Pay Off Debt QUICKLY –
– Debt Snowball Part 2: Four tips to help you PAY OFF YOUR DEBT –
– Debt Snowball Part 3: My Favorite Debt Snowball Calculator with MY REAL NUMBERS –
– How to FEEL GOOD while you PAY OFF DEBT –

📚 The Most Influential Books I Have Read:

******
♡ Don’t forget to subscribe! New video every Sunday.
♡ About me:
I’m an orthodontist, self-development junkie, and personal finance enthusiast. My husband Dan and I have 3 little ones and live in a small town in Pennsylvania. I’m all about family, faith, personal growth, and learning about ALL THINGS MONEY.

I’d love to connect with you:
♡ Website: www.OperationNetWorth.com
♡ Instagram: OperationNetWorth
♡ Facebook: OperationNetWorth

xoxo
Dana

9 Comments

  1. Susi Clares says:

    really motivational, i feel inspired when i watch your videos to start improving my lifestyle

  2. Zach Ginn says:

    Love this video! Very informative! ✨✨

  3. Another great video Dana! 😊💫

  4. Wow I started watching this because I too am a yoga instructor and looking to leverage my time talk about Divine Timing! Thank you so much for sharing this.

    God Bless You!

  5. Chrono Speed says:

    Another great video, looking forward to what you have next. 🙂

  6. Kate Kaden says:

    Great video!!! Loved this!

  7. Good video! My plan is to work and have earned income for the next 30yrs or so and retire from my 401k, Roth IRA, and HSA. If I can create a business throughout that time that would a plus. So on average retire at 62 but I figured I'd be able to live off my investments way before then. Thats the goal, God bless Dana.

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