Table of Contents | Conspiracy of the Rich: The 8 New Rules of Money

Table of Contents | Conspiracy of the Rich: The 8 New Rules of Money

Shared via AddThis

Increase Your Financial IQ

In this day and Age of Economic recession, We all need to be Financially Educated. That is the only way the recession will not hit us. To increase Financial IQ one should understand the types of Incomes.

1. Earned Income.
2. Passive Income.
3. Portfolio Income.
4. Business Income.
5. Royality Income.

The first type of Income is Earned income, the Problem with this income is it is more taxed income and we are physically working for it.

The Second type of Income is Passive income, which keeps coming no matter you work or not.This types of Income come from Real Estate,Network Marketing Business it is also called Mailbox money.

The Third type of Income comes from Paper Assets like Stocks,Bonds,Mutual Funds CD. It is also an Investment income but we need to be more smart with our investments in order to have this income coming in.

The Fourth type of Income comes from owning your own business,Partnerships, Ventures which is a very good income if your business system starts working for you.

Royalty income is also called residual income or passive income sometimes. This income is created by publishing your Idea in a book(means writing a book), or Creating an invention and Patent protecting that idea with copyrights, and you keep getting an ongoing income weather you work or not.

Zidgionline.blogspot.com will keep adding more stuff to Increase your financial well being. Please follow this blog.

Sincerely,

Mirza Ali

Financial Education

I Personally think that financial education is very essential, but its sad to see that we are not taught this valuable knowledge in schools and colleges. The first book I'd recomend to everyone who is starting out their financial education journey is called Rich Dad Poor Dad by my favorite author Robert Kiyosaki. This book is really a master peice the way it has worked on readers for many years and it was New York Times Best Seller for so many years. Its the story of Robert Kiyosaki himself and how he developed his businessman mentality even though his father was strictly employee minded. www.zindgionline.com.

RAGS TO RICHES

Hi, I am new Blogger.The thing which I am worried about is the Economy of this world. I feel myself in Pain when I see people poor. I think why they are poor because they lack the financial education.They are never taught about money. Every human being has lot of potential but the only thing we are not trained how to see the money. In my Blog I would like to share with a common man what are success principles and how to reach your Goals in your life So you have a better Future and leave the life of mediocrity.

This Blog will share the stories of the People from RAGS to RICHES.