The Personal Finance Podcast 7 Types of Income (And How to Use Them to Your Advantage!)
Oct 15, 2025
Discover the seven different income types that can transform your financial landscape. Learn how earned income acts as your starting point, while profit income leverages business ownership for growth. Explore interest and dividend income, which make your money work while you sleep. Uncover the potential of rental income and capital gains in building wealth through assets. Finally, delve into royalty income, offering endless possibilities by monetizing your ideas. This episode is your guide to moving beyond a paycheck!
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Money Should Work Harder Than You
- Wealth grows by making money work for you rather than only working harder yourself.
- Each income type becomes more leveraged, tax-efficient, and passive as you move up the ladder.
Start Strong With Earned Income
- Start with earned income and use it to build savings and investments deliberately.
- You can become financially independent from a day job if you manage and invest earned income wisely.
Raise Your Pay With Skills And Negotiation
- Invest in skill stacking and certifications to increase your earned income potential.
- Negotiate raises by documenting contributions and setting clear goals with your boss over months.
