The type of additional income that you are looking for often depends on several factors. Your time available, investment seed income that you have or can raise and your level of education needed to succeed at the particular income source.

What type of money do you make now?

There are different ways of making money. Robert Kiyosaki, best selling Author of the Rich Dad Series explains this in his 4 quadrants E,B,S,I

(Click here to see a list of Robert Kiyosaki’s Books)

E and S Working for Money:

E = Employee – They work for someone else.
S = Self employed – They own the business but the business will not function without the owners involvement

B and I – Money working for you:

I = Investor – An investor gets money passively because of owning money that is working for them.

B = Business – This type of business as so systemized and effective that overall it does not matter if the owner shows up for work or not. The owner still gets Paid.

Please take the following self paced quiz so you know what kind of income you are looking to derive.

What Kind of money do you currently earn (mentally note all that apply to you or your friend who you have in mind)

Government Entitlements – I get money due to my circumstances. I am paid an allowance for a disability or a situation that prevents me from going to an office and working.

Hourly Only - I have a Job (hourly money) – I get paid for my efforts that I give my company. For example: If I put in 8 hours of work I get paid for 8 hours of my time. If I don’t work I don’t get paid.

Flat Salary - My paycheck is based on a set number of hours within the week that I am supposed to work with my company. If I put in extra time I do not get paid extra money since the work that I did in the extra time is part of my responsibilities to the company. 

Salary with bonuses - I have a job (but it is not completely tied to my time). My salary is enough to live off of. My compensation is partially tied to the value that I give to the company who I work for. I am paid some commissions or bonuses based on productivity and bench-marks defined by my company.

Tips or Straight Commission - I have a job (I am mostly paid due to my efforts). My job is designed that I am not able to live the base pay. I need to bring in tips or commissions in order to make enough money.

Self Employed – I generate income for my efforts and experience. I own the company but it would not function without my expertise, my degree, my experience, my efforts or my time.

Managed Real-Estate – I receive rental income. By the most part I do not need to do a lot on a monthly basis and I still get paid rents(s) from my tenant(s).

Residual income – Because I sold an insurance policy or built up a customer portfolio, I am compensated providing my customer base stays with the company.

Collecting Pension / 401K or Social Security – because I worked for many years, I now get paid my retirement package in my retirement.

Completely Passive – I have a trust fund, large inheritance, structured settlement, guaranteed alimony, or other sources of income that I do not have to worry about money. Checks are mailed to me on a regular basis.

Investment income – My money works for me. I have so much principal invested in financial investments or passive real-estate investments that the dividends and interest are paying me good money.

Royalty Residual Income – Because of a book, a recording, a patent or other intellectual property, I get paid money for something that I created years ago. 

Business Income – I own a business but it is so well systemized that I barely need to show up. I have managers, board members and advisors who run the business for me.

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