The Personal Finance Podcast

7 Types of Income (And How to Use Them to Your Advantage!)


Listen Later

Join the community built to help you master your money, stay accountable, and reach financial freedom.

👉 Join Master Money Academy today!


Watch this episode on Youtube.


In this episode of The Personal Finance Podcast, Andrew breaks down the seven types of income that separate people living paycheck-to-paycheck from those building real wealth—from earned income where you trade time for money, to royalty income that pays you forever without lifting a finger, showing you exactly how to climb the ladder from working for money to having money work for you.


How Andrew Can Help You:

  • Listen to The Business Show here.
  • Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count!
  • Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!
  • Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest! 
  • Watch The Master Money Youtube Channel! ,
  • Ask Andrew a question on Instagram or TikTok
  • Learn how to get out of Debt by joining our Free Course 
  • Leave Feedback or Episode Requests here. 
  • Car buying Calculator here

  • Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast

    • DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc 
    • Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
    • Acorns: Start investing automatically with Acorns and get a $5 bonus at Acorns.com/PFP 
    • Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ 
    • Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
    • Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp
    • Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off!
    •  

      Connect With Andrew on Social Media:

      • Instagram
      • TikTok
      • Twitter
      • Master Money Website
      • Master Money Youtube Channel

      •  Free Guides:

        • The Stairway to Wealth: The Order of Operations for your Money
        • How to Negotiate Your Salary
        • The 75 Day Money Challenge
        • Get out Of Debt Fast
        • Take the Money Personality Quiz
        • Learn more about your ad choices. Visit megaphone.fm/adchoices

          ...more
          View all episodesView all episodes
          Download on the App Store

          The Personal Finance PodcastBy Andrew Giancola

          • 4.7
          • 4.7
          • 4.7
          • 4.7
          • 4.7

          4.7

          1,357 ratings


          More shows like The Personal Finance Podcast

          View all
          Afford Anything by Paula Pant | Cumulus Podcast Network

          Afford Anything

          3,547 Listeners

          Money Girl by QuickAndDirtyTips.com

          Money Girl

          1,856 Listeners

          Money Guy Show by Brian Preston and Bo Hanson

          Money Guy Show

          3,211 Listeners

          The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

          The Stacking Benjamins Show

          1,984 Listeners

          Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

          Your Money, Your Wealth

          793 Listeners

          ChooseFI by ChooseFI

          ChooseFI

          5,131 Listeners

          NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

          NerdWallet's Smart Money Podcast

          831 Listeners

          BiggerPockets Money Podcast by BiggerPockets

          BiggerPockets Money Podcast

          3,084 Listeners

          Earn & Invest by Jordan Grumet (Doc G)

          Earn & Invest

          435 Listeners

          DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing by Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!, Bleav

          DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

          890 Listeners

          Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

          Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

          557 Listeners

          All the Hacks: Money, Points & Life by Chris Hutchins

          All the Hacks: Money, Points & Life

          1,612 Listeners

          Catching Up to FI by Bill Yount & Jackie Cummings Koski

          Catching Up to FI

          345 Listeners

          Rich Habits Podcast by Austin Hankwitz and Robert Croak

          Rich Habits Podcast

          470 Listeners

          Wealthy After 40: Personal Finance, Budgeting, Retirement Planning, Savings, Spending, Financial Freedom, and How to Retire for Gen Xers by Dalene Higgins - Money Coach, Retirement Coach, CEO

          Wealthy After 40: Personal Finance, Budgeting, Retirement Planning, Savings, Spending, Financial Freedom, and How to Retire for Gen Xers

          30 Listeners