5 Types of Income to Create Infinite Income - AZ TRT S06 EP09 (271) 5-25-2025 Podcast Por arte de portada

5 Types of Income to Create Infinite Income - AZ TRT S06 EP09 (271) 5-25-2025

5 Types of Income to Create Infinite Income - AZ TRT S06 EP09 (271) 5-25-2025

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 5 Types of Income to Create Infinite Income - AZ TRT S06 EP09 (271) 5-25-2025 What We Learned This Week Multiple Streams of Income strategy 5 Types of Income – Career, Investment, Retirement Account, Pension, Tax FreeDiversification of income provides you security and freedomBuild Infinite Income thru initial investment, and profits pay off loans, then go on foreverGeorge Lucas created the Star Wars IP one time, and gets infinite returns from the movies & merchandiseReal Estate, Business, and Insurance products are good assets for infinite income Notes: Segment 1: The 5 Types of Income – Why One Stream Isn't Enough Opening: The Economic Shift · The economic landscape has changed dramatically over the last 50 years. · While business and technology have advanced, personal finance education and systems haven’t kept pace. · Inflation has significantly eroded purchasing power. · It’s no longer the 1950s where one income could support a family of four. Now, two incomes are often required—and even then, many people have a third gig. The New Normal: Side Hustles & Financial Reality · According to recent stats, 70% of people need an additional income stream, often from a side business or freelance work. · 30% of Americans hold a second job. · Among millennials, that number rises to 50%. The Lesson from Robert Allen & Rich Dad, Poor Dad · Robert Allen’s Multiple Streams of Income advocated for income diversification to gain safety and freedom. · Robert Kiyosaki’s Rich Dad, Poor Dad emphasized acquiring income-producing assets—his favorite being real estate. The 5 Types of Income 1. Career or Business Income Your primary, day-to-day W-2 income—pays the bills and covers monthly expenses. 2. Investment Income Comes from appreciating or income-producing assets like real estate, stocks, or Bitcoin. 3. Retirement Accounts Tax-deferred income sources like IRAs or 401(k)s—subject to rules and penalties but critical for long-term planning. 4. Guaranteed Income Comes from pensions, annuities, or Social Security. Designed for lifetime income and stability. 5. Tax-Free Income Generated through Roth IRAs or cash value from life insurance. You pay tax on the seed, not the harvest. Call to Action: · Make a list of which of the five types of income you currently have. · Strategize how to build the remaining ones for a balanced, resilient financial future. Analogy: Just like a business has multiple products or a sports team has multiple ways to score, individuals should have diverse income sources to win financially. Segment 2: Infinite Income – Building Streams That Never Run Dry What Is Infinite Income? · Infinite income is ongoing, residual income that continues long after the original work or investment. · It’s the financial holy grail: put in work or money once, get paid over and over. Key Assets That Can Generate Infinite Income: · Tangible Assets: Real estate, businesses, stocks · Intangible Assets: Skills, knowledge, intellectual property (IP), network Examples of Infinite Income in Action 1. Real Estate · Buy a $250K property with 10% down ($25K). · Renters pay the mortgage; property appreciates. · Refinance later, pull out your original investment tax-free. · Continue collecting rental income even after loan is paid off. · Use refinance funds to buy more properties → Repeat → Scale. 2. Business Ownership · Start or buy a business using a loan. · Profits pay off the loan, then continue to generate revenue. · Later, use the business as collateral to expand or acquire another. 3. Life Insurance (IUL Strategy) · Fund a policy over time; cash value grows tax-deferred. · Take loans against the policy tax-free—used as supplemental retirement income. · Policy can also be a legacy tool, passing on wealth tax-free. 4. Intellectual Property (IP) · George Lucas with Star Wars—created once, profits for decades from merchandise and licensing. · Jeff Bezos still profits from Amazon stock, 30 years later. · Microsoft, McDonald’s, Coca-Cola—IP and systems built once, revenue continues for decades. · DC Comics still profiting off Superman IP created in the 1930s. Key Principles for Building Infinite Income · Choose the Right Assets: Real estate, businesses, IULs—not just assets that appreciate, but ones that cash flow. · Leverage and...
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