Passive Residual Income Is The Best Type of Income
Author: DanChan Total views: 11 Word Count: 454
Are you interested in gaining a great deal of wealth? But even more, there is a better way. There is a freedom that can be gained, by opening our eyes to the way we make income. It will take transitioning from an everyday method of making income, to a better way of making income.
Think about it for a little bit. Are you one of the people who work the nine to five, trading your time for money? It is almost like you run on a hamster wheel. Always turning the wheel but never getting anywhere. Don't you want a change?
So, in order to achieve great success working from home, you must first understand the difference between Linear Income, Leveraged Income & Passive Residual Income. Let's take a look:
Income Type #1 or Linear Income, is trading your time for money, literally. This kind of income is made most often by working a job. This is true whether you are a ditch digger, or even if you have a government job. You are limited in income based on how much time you have in the day. To make your money, you must go to work, no doubt about it.
Income Type #2 or Leveraged Income, is a little better than linear income, but It's still not the best option. This is because your income is built on the direct sales efforts of those who earn linear income. a good example of this is the small business owner, who is paid off the efforts of others. This is great in many ways, but it doesn't offer a real security. Linear income employees can quit, find a higher paying job, or even become your competitor.
Income Type #3 or Passive Residual Income is a perpetual income that takes your finances to new levels of success. IF you stop working, it keeps working for you in the background. For a home based business, this is perfect. In this level of income, you look for opportunities where everyone has the same exact opportunity to gain based on their effort. Xango is a good example of this income, because of the down line commissions from repeat purchases of a consumable product, the mangosteen juice. You will make commissions for years, and even decades. It takes on a life of its own.
Think for minute. What income type best for your finances? I like the passive residual income because you don't just get paid once, but you get paid from now on. What is not to like about that? This doesn't mean that you don't work; it just gives you the freedom to choose.
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