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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...

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. ...

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...