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Different types of income

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today the topic is Different types of income. Every person dream is to be a rich,but some of them hustle and remaining stays as they are. the income is the earning of the specific person working money or a individual person earning for his work. the income is not referred to that money which the person gets without working, example like lottery or any gambling games. most of people expense money to the needs or put the money in liabilities, may get loss of money after that expense. So back to the topic, There is Ain't only one income from where you get money by doing work. there are more possibilities, more sources of income. so lets go.....! There are 3 types of income:- 1. Active income (earned income) :- The active income or earned income is the money that you get by doing active work or physically work, by doing the work your presence is necessary to the working. like professional, he only earn money when he do the work. example :- i. Employee get salary i

How to build wealth in low income?

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welcome to the RichDaD community. today's topic is how to build wealth in low income. Last article was on  How to start with no money? and Today I'm Telling about how to build the wealth with low income. So firstly You must need a job or do a job, as i tell you on my previous article. So building Money is not so hard thing just need a financial management knowledge. So building wealth you must need to know the 'Assets' and the 'liabilities'. So here is to know the difference between 'Asset' and 'Liability'. So These words Assets and liabilities is different from that commerce studies. So "Assets" means the Economic Resource that owned by a specific individual that later on convert into cash, securities, inventory etc. as short,  asset means any resource that makes money or give you money. And "Liability" means, in simple words debt, loss or expense from a specific financial or business operation.

How to start with no money?

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Building a Business or a startup is growing towards mostly in teenagers and adults. Many People Dream or think about it, that how to be a entrepreneur or how to build a business. Some of them been get Succes, and some of them are still thinking and dreaming about the plan. there is difference between thinking and doint it. So, if you ask the remaining thinkers, the only answer we get that, no money for a startup or a business. So if you want money for startup or anything do a 'Job'. You need some money to do anything, to education, to buy anything, or just to survive to eat you need money. you cannot just watch a youtube video or complain like, for not having money or says that what should i do? thats simple Do a 'Job'. Whichever Job it is, really don't care about it. even some great Investors, entrepreneurs etc. have done small jobs or works for money. So not worry about it, just get some money. and don't put your ego in it for not being an entr

How Marwadi people stay rich.

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Once someone Ask me a question that why marwadi people are Rich? later years ago i got the asnwer by a Joke. And today i am sharing The Answer with You, and telling you some thing that might change your thinking. Now Joke was that, there was going an interview where many type of professionals were there. then the Interviewer first ask a doctor that How much time Do you need to buy a 'mercedes'. then Doctor said 2-3 months or a Big operation. then same question was aksed to an engineer, then engineer said 3-4 years. then they ask the Lawyer the same question he aslo said 2-3 years. Then there was marwadi businessman who was very rich, then the Interviewer ask the same question, how much time would you take to buy the mercedes... Then marwadi businessman reply to him that if my business goes well.. then he need 10-12 years to buy it. All confused, then Interviewer ask him why so long time? then marwadi reply that the mercedes company is also big! So

How To become Rich - In india

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​ ​ ​ ​ ​ ​ Hello Guys, are You looking to earn some large sums of money, so you are in the right place to search for, You Think How to make money in your business or how to become rich. So you are in the right article to earn some money. Every person has a dream or goals to have a luxury life which all cannot have it. means they have thiers dreams like big mansion, Supercars, fame, womens, etc. So In this Article there are 5 ways to be get paid or become rich. If you are in need of money you can earn money online or get an instant cash loan by following the advice given in these articles. 5 Ways How to become Rich in India. 1. Born Wealthy The easiest way to become rich is to be born in a family which is already wealthy. Unfortunately none of us can control where we are born. We cannot determine before hand which religion, country and family we will take birth in. Some notable youngsters in India who are born wealthy are Siddharth Mallya, son of Vij