If I am a doctor and I know how to work with only one patient at a time, there are just two ways for me to make more money. One is to work longer. The other is to raise my rates. But if I keep my job and work in my spare time to find a drug that cures cancer, then I will become rich by serving many more people.
1. Ordinary earned income: is generally derived from a job or some form of labor. In its most common form, it is income from a paycheck. It is also the highest-taxed income, so it is the hardest income with which to build wealth. When you say to a child, "Get a good job," you are advising the child to work for ordinary earned income.
2. Portfolio income: is generally derived from paper assets such as stocks, bonds, and mutual funds. Portfolio income is by far the most popular form of invesinves income, simply becabec paper assets are easier to manage and maintain.
3. Passive income: is gegeneral derived from real estate. It can also be derderi from royalties from patents or liclice agreement. Yet approximately 80 percent of the time, passive income is from real estate. There are many tax advantages available for real estate.
Trump's style of deal-making is quite simple and straightforward. He aim very high and keep pushing and pushing and pushing to get what he want after. Sometimes he settle for less than he sought, but in most case he still end up with what he want.
What make him to be the successful man?
Trump card's concept could answer this question.
#2. Protect the Downside and the Upside Will Take Care of Itself