Ezekiel 25:17
Veteran
Shid, I wish, that way if only have to work part time
Have you ever made any passive income?
- Thread starter hayesc0
- Start date
Elle Driver
Veteran
Rental/royalty income, capital gains, s corp.
dark_magic
Pro
A decent article on how to invest in startups can be found here.
Generally speaking, the common income earner can't invest in startups or other lucrative investments until they rise to the level of an accredited investor.
If you are a newbie investor, I think it would be more wise to focus on generating cash flow, than investing in startups and the like. Startups have a high failure rate.
When you have a strong cash flow plus reserves, then invest in alternative investments like startups.
The IRS defines 3 types of income:
- Earned
- Portfolio
- Passive
The items are listed in the order of least tax favorable to most.
To generate wealth, you leverage the law, the tax codes, and finance/banking in order to create a system which generates excessive income through cash flowing assets. Wealth is not just money, but the goods, services, and assets that one acquires and controls as well.
You mentioned municipal bonds a while back. Munis are one of the few assets out there that can generate tax-free income ... or at worse, greatly reduced taxed income.
There are a few others that I am aware of that can generate tax free income ...
Last edited:
This is fire
Actually playing scratch offs can be a good investment, there's months when I play 2 dollars ones every day(that's 60 a month) and always end up with a big profit
The one that you won is in my opinion the best prize to win, it helps with money and to keep beggars away
I need to look into the trucking shyt
My homeboy is hands off and making about 1000 a week per truck
My homeboy is hands off and making about 1000 a week per truck