EP279: The Five Levels of Income Generation

The New Wave Podcast

The New Wave Podcast: Daily Conversations On Web3.0, Business, Psychology, Psychedelics & More. A Show For People Seeking Spiritual, Psychological And Financial Sovereignty. Hosted By Best-Selling Author, Speaker and Entrepreneur Daniel DiPiazza.This Wednesday’s podcast episode is an in-depth look at the different models / levels of income generation you can develop during the course of your career. This information is CRITICAL for anybody who wants to become 100% financially free. We go from the levels of employee, to self-employed, to business-owner and to investor. What are the pros and cons of each level?

The ideas in this episode are highly influenced by Robert Kiyosaki and Naval Ravikant. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ⌛Timestamps⌛ (00:55) Introduction to the 5 Levels of Income & the Cashflow Quadrant (02:35) Level 1: employee. Your income is at the mercy of your employer. (06:38) Level 2: Self-employed. You own your clients, your income stream (10:29) Level 3: Entrepreneurship. You OWN the money-generation system. You no longer need to trade time for money. (13:57) Level 4: You own the capital. This is the INVESTOR level.~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~📖 Resources Mentioned 📖Cashflow Quadrant book by Robert KiyosakiThe Almanac of Naval

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