00:00well the reason the rich don't work for money is number one expense is tax
00:04see there's three kinds of income earned portfolio passive so earned income is if i get a job that's
00:11earned income if i'm a doctor or a programmer that's earned income because i'm working for it
00:16if i buy us if i buy let's say apple for 10 and i send it for 20 that's portfolio income capital
00:23gains yeah but passive income which is cash flow is never taxed because most of the guys complaining
00:29they don't know the three kinds of income and the rich don't have jobs anyway they have assets
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