This week Gena discusses the Cash Flow Quadrant and the four (4) Ways Income is Created. The people on the Left Side of the quadrant are Employees and/or Self-employed. This is where 95% of the population exists yet, they control only 5% of the wealth, primarily, because they own NO assets and pay the highest tax rate. The left side could pay an excess of 40% in Taxes, depending upon their income level and their State residency.
Alternatively, people on the Right side of the quadrant are Business Owners and/or Investors and pay as little as 0% to 20% in taxes. This is why they control 95% of the wealth.
The earlier one learns the different types of income and begins generating that which is the most tax efficient on the right side of the quadrant, the higher the likelihood that they will have a lifetime of financial abundance and not worry about outliving their money.
If you are adverselHere are the three (3) options one can...