38 - Income Planning

We have a financial plan; we’ve established a baseline and our end goal. With the groundwork laid, what we need to do now is chart and understand your income over the course of your lifetime. Don’t worry, it’s fairly easy and Ken will help walk you through it. There are two types of income you must consider: active and passive income. Ken discusses what both of these are and certain considerations you must take. It’s recommending you chart this out on a spreadsheet and update it annually or as needed.