I remember my very first real financial literacy class was when my sister let me borrow her program, “Financial Peace University”.

The I had the Robert Kiyosaki book Rich Dad Poor Dad at my house but had never read it, until after I finished Financial Peace University.

I have always been hungry for financial training and there is no shortage of lessons, courses, seminars, and books on this topic. I have read, listened, watched and attended a lot of sessions. However, I am still not where I want to be, financially.

I really don’t want to get into the details of what I discovered – everyone is on their own financial path – but here are bits from my research. I even found the idea of 8 streams of income.

1. Earned Income – aka JOB or Just Over Broke.

2. Profit Income – Sell something for profit – Product or Service.

3. Interest Income – Invest your money.

4. Dividend Income – Shareholder of a company.

5. Rental Income – Renting out an asset that you have, like a house, or a building.

6. Capital Gains – Money that you get as a result of an increase in the value of an asset that you own.

7. Royalty Income – Money you get as a result of letting someone use your products, ideas, or processes.