3 Types of Income .:. Walk & Talk Series

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ph110210.9 K5 months ago4 min read

Creating another Walk $ Talk video in such a short time was a surprise for me too! 🙂 But, the weather is great at my place, I switched my walks from afternoons to mornings, and I really enjoyed them! The idea of recording a video during the walk happens by nature... 🙂 I was watching a short YT video a few days ago about 3 types of income, and I had to share my points of view about it, implementing that knowledge to compare it with HIVE!

https://files.peakd.com/file/peakd-hive/ph1102/23wgaPKKqsgJ4zhwia6BkuTJ7PmioHUWfzKaxRkhTzuKbqxsRstCJij47249xbTNfx6uX.jpg

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First of all, I didn't know about this concept before, which shows how bad education is (ironically, that was one of the statements in the video)... So, I have probably explained wrongly the 3 types of income in the video, and I would suggest you check out the linked post to find more info... I did that AFTER recording the video when I realized that I made mistakes in my explanations... Anyway, there are some other titbits in the video and I didn't want to leave them unpublished!

The main problem was always a lack of good education... Maybe before, we could have excuses that people didn't have access to books, schools in remote locations, or similar... But today, we have all the information in 2 clicks by mouse, we can't use those excuses... The lack of financial education is something that worries me the most... From my personal example, I can say that I had almost ZERO education about that in my school... I didn't know about earned income, passive income, and portfolio income at all! I remember, when I was like 7-8 years old, that we went to the bank with the class to open a savings account, and that was it...

https://files.peakd.com/file/peakd-hive/ph1102/23tkbF4DcCGQEGiCeHeG4sUJewcA9b5MwubaESF9UnsbGiZjuEBo43Dsdseh7hKo2qwcG.png

So, in this video, I have tried to bring closer these 3 types of income to you as, according to statistics, over 90% of people have no idea about the other two types... Most people know that they can earn by doing their job, but they have no idea that the real value and wealth are almost always in the other 2 ways of earning! Is that done by purpose or not, I don't want to go into it... But, it is a fact...

What was the most interesting is the fact that we have all these 3 types of income in the Hive ecosystem! And the same as with "real life", most people are missing the other two types! How do I know that? Well, it's easy to see these things as transparency of HIVE, where you can check wallets and steps what people are doing here...

The majority of people are creating content, harvesting rewards, powering down, and using ALL their funds for everyday life... Which is fine, to one extent... but... That could be a "life-patch" for your current financial situation, but it is not your long-term solution! It is the first type of income, and without dipping your toe into the other two, you will always stay at the same place...