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2312: [Part 1] The 7 Streams of Income to Get Rich by Nick Maggiulli

Optimal Finance Daily - Financial Independence and Money Advice

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The Pros and Cons of Earned Income

The downside of earned income is that your earning potential can be limited by your employer, your industry, and your time. Capital gains are profits you make from selling an asset such as stocks or real estate at a higher price than you originally paid for it. In fact, a single individual using the standard deduction in 2022 would pay $0 in federal taxes.

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