If you don't know the difference between linear income and residual income, then you definitely need to spend five minutes and read the rest of this article. Knowing the difference will change the way you think, in return, change the decisions you make and ultimately change your life from today to the next.
These income concepts are what separate the rich and the poor, the rich and the struggling middle class, who are knowledgeable and do not know anything. Linear income and residual income are two ways people make money in the world. This article will show which concept of income is the best, or say, better.
First, let's discuss what is understood as linear income. Employees, independent contractors, and entrepreneurial business owners form linear income groups. Linear income producers are only paid for a certain amount of time spent, or paid in proportion to the number of hours invested in their work. The linear revenue generator must be physically present or "clocked in" to get his salary.
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Now here's the big problem! Linear income producers cannot take advantage of their time and effort. Utilizing is what creates a rich / rich social class, and the absence of levers is what creates a middle class social to poverty. I will discuss levers deeply when we talk about generating income.
Linear income producers can be fired or "small" at any time. For example, an employee can be the perfect worker in their company. But now larger and better companies have bought (acquired and merged) smaller companies, and larger companies are now "streamlining" some workers from genuine companies. The sad thing about this situation is that you are a perfect employee, but because you work for the wrong company at the wrong time, you are now out of a great job with a big profit. You have no control over this situation.
In addition, in a linear income group, your success is determined by your boss, not you. You have very little control over your achievements in the company that employs you. You have to work and work hard in an effort to be recognized as valuable for the company, but only for your boss to get credit for your work and crowd when you stay in your current position. It sucks not!
If you are an entrepreneur, you have control over your extraordinary personal achievements, right? Now tell me this, what happens to your business if you have a car accident and / or are hospitalized, and you need three months to achieve full recovery? Because you are an entrepreneur, you will most likely lose that money!
Let me ask this question. As a producer of linear income, can you provide work to your children or grandchildren? I don't know too much work that allows you to do that. And even in the corporate world, to be promoted, your boss must be promoted or demoted.
In short, linear income earners have little control over their success, they live from salary to salary, they can be fired at any time, they cannot get past their jobs as inheritance, and they are participants from the world of "dog eating dogs" that develop in the destruction of reputation coworkers and superiors to receive promotions.
Now, alternative income brackets are determinants of residual income. I will let you decide which is better than both.
Residual income consists of business owners, network marketing partners, and investors. Their income continues to be generated after the initial effort to build a business has been issued. The remaining income earners are not worried about "clocking in," they can be sidelined for a period of time and still see consistent income from their business. As a producer of leftovers, you can be in the bathroom, at the hospital, or in the Bahamas, and you will still see checks in the mail or deposit transactions directly on your bank statement. Doesn't that sound fun!
Remember when I mentioned the word "leveraging" before? Make use of basically using other people's time and money to your advantage. Now wait a minute. I know it sounds very rude and cruel but think first. Isn't your boss using your business? When I say that, you begin to get an idea of how this concept separates the rich from the not so rich.
Residual income comes from their business or business. They are bosses; they have full control of the success and achievements of their business. Don't you want to be in that position if you haven't already done it? With your own business, you can give it to your children, and they can leave the business to their children in return, leaving your family legacy. You can leave your children with ready-made income channels versus work, retire, and leave your children with nothing but debt.
With a residual income business such as a network marketing business (multi-level marketing), you only benefit by helping others become successful. I personally don't know too many examples where company employees help other people who work with them to be successful.
The two main separations between linear income producers and the remaining income earners are linear, scrap, and crowd-minded people for money. Most only after a short salary. The rest of the minded people work, memo, and rush for freedom. With freedom, I mean, freedom with their time, freedom with their lives, and freedom with their finances.
So which one do you prefer? Do you prefer to be a linear individual who lives from salary to salary, no control over your success, can't spend quality time with your children, and is always sick because you have dreams and goals but can't achieve them? Or do you prefer to be leftover individuals who have complete control of their lives, spend quality time with their children regularly, be able to leave a legacy for the future, not have to sit on their goals and dreams, and be able to show others how do the same thing?
I will leave it to you!
Now I will not explain these two concepts without providing a means to cross from a linear mindset to a residual mindset.
Look at the website above. This company will give you free information and they will only introduce you to the most prominent and successful businesses that you can build from home and / or online. Aligning with this program will make the transition from linear income to smooth residual income.
If you want something you never have, you have to do something you've never done, period!
Tunggu Sebentar Dalam 09 detik.
Now here's the big problem! Linear income producers cannot take advantage of their time and effort. Utilizing is what creates a rich / rich social class, and the absence of levers is what creates a middle class social to poverty. I will discuss levers deeply when we talk about generating income.
