7 TYPES OF INCOME | How Millionaires Earn | Taxes in the Philippines

Description

Everyone wants to have a passive income, but first you need an active income for that. In this video, we talk about 7 types of income and how we need a diverse source of income as well as how they are TAXED in the Philippines. Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in any challenges you might face with personal finance, entrepreneurship and adulting in general. We shouldn’t be afraid to face this adulting world head-on because we are Ready 2 Adult! Start if video : 0:00 Kinds of Income : 0:30 Income #1 : 0:57 Income #2 : 1:43 Income #3 : 2:43 Income #4 : 3:23 Income #5 : 4:04 Income #6 : 4:41 Income #7 : 5:20 ► Previous Videos : I TRIPLED MY SAVINGS! : 5 Tips on How to Get Good with Money ► ► ► https://youtu.be/cRtnUAvqcHY WHY WE’RE BROKE!: Why Earning More Doesn’t Mean Getting Rich ► ► ► https://youtu.be/w5nEV6w436I GROW YOUR MONEY : Basics of Investing ► ► ► https://youtu.be/nN2tcReDmrM ► Sources : Pinoy Money Talk https://www.pinoymoneytalk.com/passive-income-bir-tax-rates-train/ Rental Income - http://myfinancialcoach.ph/article/rental-income-tax BIR Revenue Regulations 8-2018 (https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202018/RR%20No.%208-2018.pdf) ► Referral Codes ShopBack - https://app.shopback.com/phl?raf=pkpsnX Eatigo - http://refer.eatigo.com/eati1t1gc-1vc // eati1t1gc Shopee - https://shp.ee/bbnrdk9 // DELEO276 GRAB // GRABRDY2ADLT KLOOK - https://www.klook.com/invite/246K8?c=PHP PAYMAYA - here: https://paymaya.page.link/refer // 1xxlf6b ►Socials Instagram: https://www.instagram.com/deleoncharmaine Instagram: https://www.instagram.com/ready2adultph Facebook Page: https://www.facebook.com/ready2adultph Facebook Group : https://www.facebook.com/groups/954861671533801/?ref=share Email: hello@ready2adultph.com https://www.youtube.com/CharmdeLeon?sub_confirmation=1 ► Music Credit: DJ Quads Track Name: “IT’