Michael Myers
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03/24/2021
๐๐ญโ๐ฌ ๐ง๐จ๐ญ ๐ฐ๐ก๐๐ญ ๐ก๐๐ฉ๐ฉ๐๐ง๐ฌ ๐ญ๐จ ๐ฒ๐จ๐ฎ, ๐๐ฎ๐ญ ๐ก๐จ๐ฐ ๐ฒ๐จ๐ฎ ๐ซ๐๐๐๐ญ ๐ญ๐จ ๐ข๐ญ ๐ญ๐ก๐๐ญ ๐ฆ๐๐ญ๐ญ๐๐ซ๐ฌ.
- ๐๐ฑ๐ช๐ค๐ต๐ฆ๐ต๐ถ๐ด
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The last 20 months have been wild.
7 ๐๐ฃ๐๐ค๐ข๐ ๐๐ฉ๐ง๐๐๐ข๐จ
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Not every industry will return to normal moving forward. This a reminder of how many different ways there are to make income (in no particular order).
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๐๐๐ง๐ฃ๐๐ ๐๐ฃ๐๐ค๐ข๐: Working for someone else; receiving a paycheque.
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๐๐ง๐ค๐๐๐ฉ ๐๐ฃ๐๐ค๐ข๐: From buying now and selling later (eg. selling Jordanโs on Stock X).
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๐ฟ๐๐ซ๐๐๐๐ฃ๐ ๐๐ฃ๐๐ค๐ข๐: Distributions from owning a dividend stock (eg. Telus) and/or from owning shares in a private company (eg. Frontier CNG Inc.).
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๐๐ฃ๐ฉ๐๐ง๐๐จ๐ฉ ๐๐ฃ๐๐ค๐ข๐: In exchange for lending someone money (eg. providing money for 2nd mortgages).
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๐๐๐ฃ๐ฉ๐๐ก ๐๐ฃ๐๐ค๐ข๐: Received when renting out an investment property (eg. Muskoka Bay Resort or Airbnb property).
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๐พ๐๐ฅ๐๐ฉ๐๐ก ๐๐๐๐ฃ๐จ: Selling an asset at a higher value (eg. a property that was not your principal residence).
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๐๐ค๐ฎ๐๐ก๐ฉ๐๐๐จ: When other people use your work (eg. selling beats to artists or a song to a YouTuber).
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The 3 Level Investment Systemโข๏ธ
Saving ๐ฐ: INCOME
Investing ๐ธ: NOW
Creating ๐ก: WEALTH
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Like ๐, comment ๐ฃ, share ๐and feel free to DM me with questions!
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