You can start developing a long-term income plan when you know how much money you need today and for retirement. In episode four of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams discuss the three types of income and ten ways to earn more money.
In this episode, we cover the following:
- Income you currently have [:45]
- Increasing your income [2:15]
- What is normal income? [3:30]
- What is investment income? [5:44]
- How the wealthy change their wealth [8:35]
- What is passive income? [9:03]
- What types of income do you have? [12:38]
- Workbook exercise on income [13:58]
- Calculating your future income [15:01]
- Stats on income [17:30]
- Ask for a raise [21:10]
- Explore company benefits [22:32]
- Investments that pay regularly [24:22]
- Rent things out [24:56]
- Side hustles [27:35]
- Teaching, training, or coaching [31:59]
- By-products [33:03]
- Sell stuff [34:38]
- Explore a second career [37:20]
- Reduce taxes [37:47]
- Reflecting on workbook questions [40:18]
- Calculate your hourly rate [42:10]
Resources discussed in this episode:
Connect with the hosts:
More ways to connect:
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