You can’t talk about retirement without talking about income. There are seven streams of income you need to know about. In today’s episode, we’ll break them down for you and help you understand the pros and cons of each one.
Retirement should not be defined by age alone; it’s about your ability to generate income that supports your desired lifestyle. Join us for a critical discussion on creating this reliable, dependable income source and discover the importance of having a diversified financial plan. This episode is packed with insight on how to set yourself up for success down the road, so stay tuned!
Here’s some of what we discuss in this episode:
- Earned income is the most common type of income. [3:50]
- Interest income is a form of passive income. [9:09]
- Business income is one of the best ways to have wealth. [19:16]
Listen to more of our conversation in the podcast or reach out to us to talk about your financial situation and goals.