All posts by Kelby Green

  At one point or another, you’ve heard the aphorism: “The rich get richer, while the poor get poorer.” But have you ever really stopped to think about why? If this notion holds true, it’s clear that the rich know something that those lower on the net worth totem pole don’t. But what is it? The government agency responsible for tax collection and enforcement in the US, the Internal Revenue Service, classifies income into three categories: earned income, portfolio income, and passive income. We’re all familiar with earned income. In fact, for many, it’s the only form of income we’ve … Read More >

  Have you ever find yourself thinking, “if I only made $X more per year, my financial situation would be in much better shape”? Personally, that’s crossed my mind more times than I care to count and I’m sure I’m not alone. While it’s normal to allow your mind to wander into the abyss of ‘what-if’ and consider the abundance of resources that would be at your disposal if your income was substantially increased. The unfortunate truth is; that daydream rarely pans out. It reminds me of a conversation that I had a few months ago with a close friend … Read More >