The 3 different kinds of income: 1. Capital gains When you buy a stock, and sell it for a higher price, you have made a capital gain. If you buy a house and then later sell it for a profit, you have made a capital gain. If you buy an antique at a low price and then sell it for…
In the immortal words of the great Zig Ziglar- “Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the gotta have it scale.” One of my greatest insights and valuable observations is to accept that money is not all the same. There are different species of money, you can divide money into 3 groups.…